$100 Oil: 2 Stocks That Could Cash In

The recent surge in oil prices above $100 per barrel has led to increased revenue for big oil companies. If this trend continues, investors may want to consider buying shares in Occidental Petroleum (OXY) and Chevron (CVX).

Occidental's upstream focus makes it more exposed to higher oil prices, which boost its revenues at a faster rate than operating expenses. The company only needs WTI crude oil to remain above $40 per barrel to support its capex and dividends.

Chevron, on the other hand, has a diversified business with operations in 180 countries and exposure to both upstream and downstream markets. Its scale and diversification have enabled it to raise its dividend annually for 39 consecutive years.