3 Oil Stocks Retail Investors Are Watching As Brent Pushes Above $90

With US and Iran forces clashing around the Strait of Hormuz and Brent crude above $90 per barrel, energy risk is suddenly back on every screen. That kind of shock can quickly reprice sectors, creating sharp winners and losers. This article walks through three integrated oil and gas stocks from our Global Integrated Oil & Gas Producers screener that are exposed to these headlines and explains why some investors are watching them closely right now.

The stocks highlighted below are only a starting sample, and the full screen surfaced 22 more large integrated oil and gas companies with equally compelling narratives that are not covered in this article. If you want to identify and analyze your own highest conviction ideas in this space, head straight into the Global Integrated Oil & Gas Producers screener.

Jadestone Energy (AIM:JSE)

Jadestone Energy is an Asia Pacific focused independent oil and gas producer that fits the integrated energy theme by giving you direct exposure to upstream production that is highly sensitive to global oil and gas prices. The business currently generates most of its revenue from producing assets in Australia at about $259 million, with Malaysia contributing around $62 million and Indonesia about $93 million. This reflects a portfolio anchored in the region where its flagship Akatara gas and liquids field sits. At a market cap of roughly £202 million, Jadestone Energy is a mid sized producer compared with some of the larger integrated peers in the screener.

Jadestone Energy gives you a pure play on Asia Pacific oil and gas pricing at a time when geopolitical risk around the Strait of Hormuz is pushing Brent above $90 and refocusing attention on supply security. The company has been working to improve cash generation and production from assets like Akatara and its Malaysia drilling program. However, H1 2026 still showed earnings volatility, with a loss of about $5 million on sales of roughly $234 million. That mix of operational progress, higher price leverage and a balance sheet that carries risks around negative equity and debt funding is exactly what makes Jadestone interesting. If you care about how that trade off could play out if oil stays elevated, the next section is worth your time.

Jadestone Energy’s mix of price leverage and balance sheet pressure can be hard to piece together at a glance. To get the full story, see the 4 key rewards and 1 important major warning sign for the key twist investors often overlook.

Murphy Oil (MUR)

Murphy Oil is a global exploration and production company that directly fits the Integrated Oil & Gas Producers theme, giving you upstream exposure that is closely tied to sustained high crude prices and supply disruptions. Most of its revenue comes from exploration and production in the United States at about $2.4b, with Canada adding roughly $577 million and smaller contributions from other assets, which together create a diversified production base. With a market cap of around $5.4b, Murphy Oil is a mid sized way to tap into the oil price and supply risk story without only relying on one region.

If you are looking at a stock that may respond when geopolitics push oil higher, Murphy Oil is one to pay attention to. The company’s revenue is heavily skewed to crude oil and liquids, and its portfolio spans US shale, the Gulf of Mexico and new offshore plays in Côte d’Ivoire and Vietnam, which ties into a theme of supply security and diversified sources of barrels. Management highlights a deep inventory of low break even projects and recent discoveries as important levers for future cash generation, but the business is still focused on upstream production with no refining or marketing buffer. That leaves Murphy Oil highly exposed to swings in commodity prices and large offshore spending commitments, which is why many investors focus closely on the details before forming a view on the stock.

Murphy Oil’s offshore projects and oil weighted revenue could be masking a very different risk and reward profile than the headline story suggests. Get the analysis report for Murphy Oil to see what might be missing.

ConocoPhillips (COP)

ConocoPhillips is one of the largest pure play exploration and production companies in the Global Integrated Oil & Gas Producers screener, giving you direct exposure to crude and LNG prices rather than refining margins. It runs a broad portfolio across Alaska, the Lower 48, Canada, Europe, the Middle East, North Africa and Asia Pacific, with the Lower 48 alone generating about US$44.0b of revenue, Canada about US$6.3b, Alaska US$6.1b and Europe, Middle East and North Africa around US$7.5b. That scale is reflected in its roughly US$163.0b market cap.

ConocoPhillips is drawing attention because it combines one of the biggest hydrocarbon portfolios in the sector with cash flows that are tightly linked to higher oil and gas prices, exactly what many investors want when conflict in the Strait of Hormuz pushes Brent above US$90. The expanding LNG projects and large long life assets such as Willow in Alaska and Qatar LNG give the company meaningful leverage to global energy security themes, while recent free cash flow strength and asset sales have added financial flexibility. The catch is that this is still a pure fossil fuel story, with execution risk on big projects, exposure to any future policy shift on decarbonisation and a leadership transition under way, so you need to be comfortable with those trade offs before deciding how it fits in your portfolio.

ConocoPhillips appears to be a pure fossil fuel engine with LNG growth and accelerating mega projects, yet the real story may be hidden in how those cash flows flex under stress. Read the 2 key rewards and 2 important warning signs

Seeking Alternatives Before Momentum Flies

Fresh stock ideas can move from quiet to breakout fast, and once the crowd catches on the best entry points are gone. Scan these curated lists now to explore earlier opportunities.

• Find solid operators that may be quietly building strength before momentum headlines appear by running the list of solid balance sheet and fundamentals (19 results).
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• Review potential income-focused opportunities by scouting the 5 dividend fortresses.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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