Oil and gas producers are suddenly back in the spotlight as the IMF flags a regional economic contraction for 2026 and war-related risks hang over supply routes and shipping lanes. Price shocks rarely move in a straight line, yet they often reshuffle winners and losers across global markets. This article walks through three stocks from our Global Oil & Gas Producers screener that appear closely tied to this unfolding story.
The three stocks highlighted below are only a sample, and the full screen surfaced 44 more listed producers with equally detailed stories that are not covered here. If you want to identify potential high-conviction exposures and analyze them side by side, head straight to the Global Oil & Gas Producers screener.
Crescent Energy (CRGY)
Overview: Crescent Energy is a Houston based oil and gas producer focused on US shale basins, with extra income from minerals and royalty interests.
Operations: Crescent Energy generates about US$4.3b of revenue from exploration and production of crude oil, natural gas and NGLs in the United States.
Market Cap: US$5.5b
Crescent Energy plugs directly into the Global Oil & Gas Producers theme as a US upstream player. Its cash flows are closely tied to commodity prices, and its expanding footprint in shale basins gives the story extra weight when supply risks push crude and gas higher.
"The build out of a large minerals and royalties platform, which is expected to generate about US$200 million of EBITDA in 2026 with the Devon Eagle Ford acquisition adding roughly US$50 million and raising the operated share of royalty cash flow toward 40% to 50%, provides Crescent Energy with a high margin, capital light income stream that is significant for EBITDA and cash flow.
What happens to Crescent Energy’s earnings profile if a single assumption about how efficiently this portfolio is scaled does not hold.
If that shift in earnings mix is what you care about, the full narrative for Crescent Energy lays out how Crescent Energy’s story could either accelerate or stall from this point.
Jadestone Energy (AIM:JSE)
Overview: Jadestone Energy is an Asia Pacific focused upstream producer that develops and operates oil and gas fields across Australia, Malaysia, Indonesia and Vietnam, giving investors direct exposure to regional hydrocarbons within the Global Oil & Gas Producers theme.
Operations: Jadestone Energy generates about $63 million from Malaysian producing assets, $259 million from Australian fields and $93 million from Indonesian production.
Market Cap: £229 million
Jadestone Energy plugs into the screener as a pure upstream Asia Pacific play. Volumes, contract structures and field execution can all interact meaningfully with global crude and gas moves triggered by supply shocks and shipping risks.
"Execution of further infrastructure led gas opportunities around Nam Du and U Minh, where management cites around 800 Bcf of unrisked gas in place with high geological success rates and debottlenecking potential from 80 to 120 mmscfd, could turn the Vietnam hub into a much larger source of contracted sales volumes and multi year revenue.
What happens to Jadestone Energy’s margin profile if a single assumption about how efficiently this Vietnam build out proceeds does not hold?
That single assumption can change a lot, and the full narrative for Jadestone Energy shows how Jadestone Energy’s Vietnam hub could either accelerate or stall as the story unfolds.
Talos Energy (TALO)
Overview: Talos Energy is a Houston based upstream producer focused on oil, gas and NGLs in the US and Mexico, giving direct crude linked exposure.
Operations: Talos Energy generates about US$2.0b in upstream revenue, almost entirely from US based production.
Market Cap: US$3.0b
For a pure-play producer in the Global Oil & Gas Producers screener, Talos Energy offers concentrated Gulf of Mexico exposure that can respond quickly when crude prices move. This is a key reason its self-help plan is drawing attention at the moment.
"Talos Energy is executing a targeted $100 million per year initiative in operational efficiencies and cost reductions (capital efficiency, logistics, margin enhancement), expected to have a sustainable, recurring impact on free cash flow starting in 2026, which should enhance net margins and overall earnings.
What happens to Talos Energy’s cash generation if a single assumption about how resilient Gulf of Mexico operations remain does not hold?
That single assumption is the fulcrum. The full narrative for Talos Energy shows where Talos Energy could be accelerating, stalling or quietly masking a much larger cash story.
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