Oil and gas producers are back in the spotlight as Europe’s monthly petroleum import bill is now €10b higher than in 2025. Expensive fuel sharpens the focus on companies that find, extract, and process energy. That cost squeeze can reshape cash flows, capital plans, and investor attention. This article breaks down three large US listed oil and gas stocks from our screener and what to watch in each.
The stocks below are just a starting sample, and the full screen surfaced 32 more oil and gas companies with equally compelling narratives that are not covered here. To identify potential high conviction ideas that match your risk profile, head straight into the Oil and Gas screener.
Chevron (CVX)
Overview: Chevron is an integrated energy group that primarily explores for, produces, and transports crude oil and natural gas, alongside refining and chemicals businesses.
Operations: Chevron generates most of its revenue from its Upstream units in the United States and internationally at about US$52b each, and its larger Downstream activities that deliver roughly US$79b internationally and US$82b in the United States.
Market Cap: US$447.7b
Chevron matters for this Oil and Gas screener because its Upstream wells, pipelines, and LNG projects still anchor the investment story, and the latest expansion plans highlight how management is trying to turn that footprint into long term cash generation.
"Record production growth, especially in the Permian and from the Hess acquisition in areas such as Guyana and the Bakken, now sits on top of capital and drilling programs that aim to keep Permian volumes around 1 million barrels per day with lower CapEx per barrel, which supports future revenue and free cash flow."
What really moves the needle for Chevron from here is how one evolving cost and volume assumption filters through to future margins.
When those margin assumptions start to shift, the full narrative for Chevron shows how Chevron’s capital choices could accelerate or stall that cash engine beyond headline production targets.
Range Resources (RRC)
Overview: Range Resources focuses on producing and selling natural gas and NGLs from long life shale assets in the Appalachian region.
Market Cap: US$13.2b
Range Resources matters in this Oil and Gas screen because it is a pure play on US shale gas, tightly linked to Marcellus and Utica output, and its long inventory life connects directly to how investors think about future supply into power and LNG demand.
"Rapidly expanding demand for natural gas from large scale AI data centers and power infrastructure projects in Pennsylvania remains a live driver for Range Resources, since management continues to highlight over 30 years of Marcellus inventory and the ability to lift output to about 2.6 Bcfe per day by 2027, which can support higher regional sales volumes and revenue as this new load connects."
What really matters now is how one emerging source of demand pressure interacts with cost discipline to shape future cash generation.
That tension between demand pressure and disciplined spending is exactly what the full narrative for Range Resources unpacks. It shows where Range Resources could be accelerating or stalling beneath the headline volumes.
ExxonMobil Holdings (XOM)
Overview: ExxonMobil Holdings is a global energy group that primarily explores for and produces crude oil and natural gas, then sells fuels, chemicals, and specialty products under the Exxon, Esso, and Mobil brands.
Operations: Most revenue comes from Energy Products at about US$334b, with sizeable Upstream oil and gas operations around US$112b across US and international markets.
Market Cap: US$739.8b
ExxonMobil Holdings belongs in an Oil and Gas screen because its Upstream drilling program and global fuels network still define the investment story, even as chemicals and lower emission projects add supporting income streams around the edges.
"Strong production growth from high return assets in Guyana and the Permian Basin remains central, with upstream volumes outside the Middle East at the highest level in more than two decades and the Permian at over 1.8 million oil equivalent barrels per day, which supports future revenue and earnings per barrel."
What really matters now is how one evolving cost and execution assumption shapes future margins and the headroom for ExxonMobil’s shareholder payouts.
That trade off is exactly what the full narrative for ExxonMobil Holdings unpacks, showing where ExxonMobil Holdings may be accelerating, stalling, or quietly decoupling cash generation from headline volumes.
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