Energy
Oil, gas, refining, energy infrastructure. The most cyclical major sector, commodity price swings dominate over fundamentals. Wide-moat names are rare; capital allocation history is everything.
What drives this sector
- Commodity prices > company decisions
- Reserves replacement matters more than current production
- Capital discipline distinguishes winners
- Energy transition is multi-decade tailwind/headwind
Top stocks ranked by Buffett-fit
These are the top names in this sector by our composite quality score (ROIC, margin stability, balance-sheet strength, growth quality).
Energy by strategy
Screen all stocks in sector
These are the top names in this sector by our composite quality score (ROIC, margin stability, balance-sheet strength, growth quality).