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 Corporation27.7B mcap
81Q - 2
KRPKimbell Royalty Partners, LP1.4B mcap
70Q - 3
MGYMagnolia Oil & Gas Corporation5.4B mcap
68Q - 4
EOGEOG Resources, Inc.75.2B mcap
66Q - 5
BSMBlack Stone Minerals, L.P.2.9B mcap
66Q - 6
DMLPDorchester Minerals, L.P.1.3B mcap
65Q - 7
FANGDiamondback Energy, Inc.56.5B mcap
57Q - 8
EXEExpand Energy Corporation23.4B mcap
57Q - 9
MNRMach Natural Resources LP2.4B mcap
57Q - 10
APAAPA Corporation13.7B mcap
55Q - 11
CRCCalifornia Resources Corporation5.5B mcap
55Q - 12
EQTEQT Corporation36.2B mcap
54Q - 13
GPORGulfport Energy Corporation3.2B mcap
53Q - 14
COPConocoPhillips146.8B mcap
50Q - 15
SDSandRidge Energy, Inc.565M mcap
50Q - 16
CIVICivitas Resources, Inc.2.3B mcap
50Q - 17
IMPPPImperial Petroleum Inc.890M mcap
50Q - 18
CNQCanadian Natural Resources Limited101.4B mcap
48Q - 19
NOGNorthern Oil and Gas, Inc.2.5B mcap
47Q - 20
CRGYCrescent Energy Company4.4B mcap
47Q - 21
DVNDevon Energy Corporation29.3B mcap
46Q - 22
VISTVista Energy, S.A.B. de C.V.7.9B mcap
46Q - 23
CTRACoterra Energy Inc.24.7B mcap
45Q - 24
SMSM Energy Company3.9B mcap
45Q - 25
RRCRange Resources Corporation9.7B mcap
44Q - 26
SBRSabine Royalty Trust1.1B mcap
44Q - 27
CHRDChord Energy Corporation8.1B mcap
44Q - 28
OVVOvintiv Inc.16.5B mcap
44Q - 29
ARAntero Resources Corporation11.4B mcap
44Q - 30
PRPermian Resources Corporation14.6B mcap
43Q - 31
MTDRMatador Resources Company7.0B mcap
41Q - 32
REPXRiley Exploration Permian, Inc.837M mcap
39Q - 33
OXYOccidental Petroleum Corporation58.5B mcap
39Q - 34
GRNTGranite Ridge Resources, Inc728M mcap
35Q - 35
CNXCNX Resources Corporation5.0B mcap
35Q - 36
VETVermilion Energy Inc.1.9B mcap
34Q - 37
WDSWoodside Energy Group Ltd42.8B mcap
33Q - 38
MURMurphy Oil Corporation5.4B mcap
33Q - 39
EGYVAALCO Energy, Inc.596M mcap
31Q - 40
TXOTXO Partners, L.P.757M mcap
31Q - 41
BKVBKV Corporation3.1B mcap
29Q - 42
TALOTalos Energy Inc.2.7B mcap
29Q - 43
GPRKGeoPark Limited511M mcap
29Q - 44
CRKComstock Resources, Inc.4.1B mcap
28Q - 45
DECDiversified Energy Company PLC1.1B mcap
28Q - 46
VTSVitesse Energy, Inc.756M mcap
27Q - 47
OBEObsidian Energy Ltd.815M mcap
26Q - 48
BTEBaytex Energy Corp.3.8B mcap
22Q - 49
HPKHighPeak Energy, Inc.992M mcap
21Q - 50
WTIW&T Offshore, Inc.659M 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.