What are the best oil & gas e&p stocks?

Black Stone Minerals, L.P. (BSM) currently leads the oil & gas e&p industry ranking on invest-like with a Buffett-Fit composite score of 76/100, followed by DMLP (75/100). The full ranked list of 50 oil & gas e&p stocks is on this page. Educational only, not investment advice.

Which oil & gas e&p stock has the highest ROIC?

ROIC sustainability is the closest single quantitative proxy for moat strength. The oil & gas e&p industry's median ROIC is currently 13%. The top-scoring stocks on this page combine high ROIC with the other Buffett-Fit pillars (gross-margin durability, balance-sheet quality, capital allocation discipline).

How many oil & gas e&p stocks does invest-like.com cover?

invest-like.com currently indexes 50 oil & gas e&p stocks above $500M market cap with daily-refreshed fundamentals and cached Buffett-Fit verdicts. Each stock is graded A+ to D on a composite 0-100 score across the five Buffett pillars.

Where does Oil & Gas E&P sit in the GICS hierarchy?

Oil & Gas E&P is an industry within the energy sector. See /sector/energy/ for the full sector view including peer industries.

Is the oil & gas e&p ranking on this page investment advice?

No. The ranking is an educational pattern-match against documented value-investing frameworks (Buffett, Graham, Fisher, Lynch, Greenblatt, Munger, Smith). Scores reflect how closely each stock fits the documented criteria - NOT recommendations to buy, hold, or sell. Always do your own research and consult a licensed financial adviser.

energy

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

Black Stone Minerals, L.P. BSM

Buffett-Fit: 76/100

Read verdict

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.

#	Company	mcap	Q
1	BSMBlack Stone Minerals, L.P.	3.1B	76
2	DMLPDorchester Minerals, L.P.	1.4B	75
3	VAR.OLVår Energi ASA	125.0B	73
4	RATI.TARatio Energies - Limited Partnership	5.3B	72
5	0883.HKCNOOC Limited	1.19T	68
6	RATU.JKRaharja Energi Cepu Tbk.	12.19T	67
7	EXEExpand Energy Corporation	23.4B	67
8	ISRA.TAIsramco Negev 2 Limited Partnership	5.6B	66
9	TPLTexas Pacific Land Corporation	25.0B	66
10	APAAPA Corporation	15.0B	65
11	600938.SSCNOOC Limited	1.59T	64
12	NFTA.TANaphtha Israel Petroleum Corp. Ltd.	2.3B	64
13	AKRBP.OLAker BP ASA	222.1B	63
14	PSK.TOPrairieSky Royalty Ltd.	8.4B	62
15	SNG.ROSNGN Romgaz SA	67.8B	62
16	NWMD.TANewMed Energy - Limited Partnership	20.1B	61
17	EQTL.TAEquital Ltd.	4.3B	61
18	FRU.TOFreehold Royalties Ltd.	2.9B	61
19	SOIL.TOSaturn Oil & Gas Inc.	1.1B	59
20	MNRMach Natural Resources LP	2.1B	59
21	HWX.TOHeadwater Exploration Inc.	3.4B	59
22	FANGDiamondback Energy, Inc.	56.0B	59
23	KRPKimbell Royalty Partners, LP	1.9B	59
24	TMRP.TATamar Petroleum Ltd	2.5B	59
25	HBR.LHarbour Energy plc	4.0B	58
26	SDSandRidge Energy, Inc.	531M	58
27	MGYMagnolia Oil & Gas Corporation	6.5B	57
28	EOGEOG Resources, Inc.	77.3B	55
29	1605.TInpex Corporation	4.39T	54
30	PEY.TOPeyto Exploration & Development Corp.	5.2B	53
31	OVVOvintiv Inc.	17.9B	53
32	ENOG.LEnergean plc	1.4B	52
33	VISTVista Energy, S.A.B. de C.V.	8.2B	52
34	CTRACoterra Energy Inc.	24.7B	52
35	DLEKG.TADelek Group Ltd.	16.2B	52
36	CIVICivitas Resources, Inc.	-	51
37	SBRSabine Royalty Trust	1.1B	51
38	ITH.LIthaca Energy plc	4.5B	51
39	PXT.TOParex Resources Inc.	2.8B	50
40	CNQCanadian Natural Resources Limited	104.0B	50
41	ARX.TOARC Resources Ltd.	19.2B	50
42	NVPT.TANavitas Petroleum, Limited Partnership	15.8B	50
43	MAU.PAEtablissements Maurel & Prom S.A.	1.6B	50
44	NOGNorthern Oil and Gas, Inc.	2.8B	49
45	COPConocoPhillips	161.3B	48
46	RRCRange Resources Corporation	9.8B	48
47	CRCCalifornia Resources Corporation	4.8B	48
48	DVNDevon Energy Corporation	52.9B	48
49	SDE.TOSpartan Delta Corp.	2.7B	48
50	TPED.SIPTT Exploration and Production Public Company Limited	22.7B	47