Best Oil & Gas E&P Stocks
Upstream oil + gas - exploration and production. Commodity-price-driven, the most cyclical major-cap industry. Reserves replacement, breakeven cost per barrel, and capital discipline distinguish survivors from cyclical roadkill.
Industry leader
Texas Pacific Land Corporation TPL
Buffett-Fit: 81/100
What drives this industry
E&P returns track oil + gas prices more than company-specific decisions over short windows. The Buffett-quality filter for upstream: lowest-quartile breakeven cost per barrel + capital discipline (low debt + share buybacks instead of growth capex at the top of cycle). EOG Resources, Pioneer (now Exxon), and Diamondback are the modern shale templates.
Top 50 ranked by Buffett-Fit
Sorted by composite quality score - ROIC, margin stability, balance-sheet strength, growth quality. Click any ticker for the full Buffett verdict.
- 1
TPLTexas Pacific Land Corporation27.1B mcap
81Q - 2
KRPKimbell Royalty Partners, LP1.6B mcap
70Q - 3
MGYMagnolia Oil & Gas Corporation5.2B mcap
68Q - 4
BSMBlack Stone Minerals, L.P.2.9B mcap
66Q - 5
DMLPDorchester Minerals, L.P.1.3B mcap
65Q - 6
EOGEOG Resources, Inc.71.0B mcap
65Q - 7
EXEExpand Energy Corporation22.2B mcap
57Q - 8
FANGDiamondback Energy, Inc.53.9B mcap
57Q - 9
MNRMach Natural Resources LP2.2B mcap
57Q - 10
APAAPA Corporation12.9B mcap
55Q - 11
CRCCalifornia Resources Corporation5.3B mcap
55Q - 12
GPORGulfport Energy Corporation3.0B mcap
53Q - 13
EQTEQT Corporation34.4B mcap
52Q - 141605.TInpex Corporation
4.19T mcap
52Q - 15
COPConocoPhillips138.9B mcap
50Q - 16
SDSandRidge Energy, Inc.542M mcap
50Q - 17
CIVICivitas Resources, Inc.2.3B mcap
50Q - 18
CNQCanadian Natural Resources Limited94.6B mcap
48Q - 19
NOGNorthern Oil and Gas, Inc.2.3B mcap
47Q - 20
CRGYCrescent Energy Company3.8B mcap
47Q - 21
DVNDevon Energy Corporation51.3B mcap
46Q - 22
VISTVista Energy, S.A.B. de C.V.8.3B mcap
46Q - 23
SMSM Energy Company7.4B mcap
45Q - 24
CTRACoterra Energy Inc.24.7B mcap
45Q - 25
OVVOvintiv Inc.15.7B mcap
44Q - 26
SBRSabine Royalty Trust1.1B mcap
44Q - 27
ARAntero Resources Corporation11.1B mcap
44Q - 28
RRCRange Resources Corporation9.2B mcap
44Q - 29
CHRDChord Energy Corporation7.4B mcap
44Q - 30
PRPermian Resources Corporation16.6B mcap
43Q - 31
MTDRMatador Resources Company6.7B mcap
41Q - 32
REPXRiley Exploration Permian, Inc.722M mcap
39Q - 33
OXYOccidental Petroleum Corporation56.3B mcap
39Q - 34
GRNTGranite Ridge Resources, Inc641M mcap
35Q - 35
CNXCNX Resources Corporation4.8B mcap
35Q - 36
VETVermilion Energy Inc.1.7B mcap
33Q - 37
MURMurphy Oil Corporation5.2B mcap
33Q - 38
TXOTXO Partners, L.P.703M mcap
31Q - 39
EGYVAALCO Energy, Inc.559M mcap
31Q - 40
OBEObsidian Energy Ltd.731M mcap
30Q - 41
TALOTalos Energy Inc.2.4B mcap
29Q - 42
GPRKGeoPark Limited663M mcap
29Q - 43
BKVBKV Corporation2.9B mcap
29Q - 44
DECDiversified Energy Company PLC1.1B mcap
28Q - 45
CRKComstock Resources, Inc.3.9B mcap
28Q - 46
VTSVitesse Energy, Inc.721M mcap
27Q - 47
HPKHighPeak Energy, Inc.897M mcap
22Q - 48
BTEBaytex Energy Corp.3.5B mcap
22Q - 49
GFRGreenfire Resources Ltd.706M mcap
17Q - 50
KOSKosmos Energy Ltd.1.7B mcap
16Q
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Key terms in this analysis
Educational framework analysis only. Not investment advice, not a recommendation, not personalized to your situation. Always do your own research.