Oil has become a front row story again as U.S. military escorts keep 660 million barrels flowing through the Strait of Hormuz and daily volumes slowly rebuild, yet still lag far behind pre war levels. That mix of restored supply and lingering geopolitical risk is reshaping expectations for energy producers. This article walks through three Global Oil & Gas Producers screener stocks that are especially exposed to this news.

The three stocks highlighted below are just a starting sample. The full screen surfaced 25 more large oil and gas producers with equally compelling narratives that are not covered in this article. To go straight to the broader opportunity set, use the Global Oil & Gas Producers screener to analyze, filter, and identify the ideas that best fit your own conviction.

Granite Ridge Resources (GRNT)

Overview: Granite Ridge Resources is a non operated oil and natural gas exploration and production company that gives you direct upstream exposure to commodity prices and production volumes. It holds interests in wells and acreage across major U.S. basins including the Permian, Eagle Ford, Bakken, Haynesville, DJ and Appalachian, which fits closely with the Global Oil & Gas Producers theme.

Operations: Granite Ridge Resources generated about US$472 million in revenue from oil and natural gas development, exploration and production, all from the United States.

Market Cap: US$683 million

Granite Ridge Resources offers a relatively pure play on U.S. upstream production at a time when Hormuz supply risks keep a price premium under oil, which directly affects its cash flows. Analysts describe a path to profitability, supported by diversified exposure across top U.S. basins and a business model that leans on partners for operations while focusing on capital allocation. At the same time, funding that relies heavily on external borrowing, a past track record of losses and a high dividend that is not well covered all raise questions about resilience if prices soften. Investors who want to understand whether the current discount and dividend compensate for these risks may find there is more to unpack in Granite Ridge Resources.

Granite Ridge Resources sits at the crossroads of high yield and higher uncertainty, with its upstream focus and leverage turning every oil move into a bigger story for investors who read the 3 key rewards and 2 important warning signs (2 are major!).

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Dana Gas PJSC (ADX:DANA)

Overview: Dana Gas PJSC is a Middle East focused producer of natural gas and petroleum products, giving you direct exposure to upstream hydrocarbons that fit the Global Oil & Gas Producers theme. It explores, produces, processes and sells gas and liquids across the United Arab Emirates, Iraq and Egypt, and also builds and operates gas pipelines and treatment facilities that connect its fields to customers.

Operations: Dana Gas PJSC reports about $376 million in revenue from its integrated oil and gas operations, with around $291 million from the Kurdistan Region of Iraq, $81 million from Egypt and $4 million from the United Arab Emirates.

Market Cap: AED5.9 billion

Dana Gas PJSC may interest you if you want exposure to Middle East gas and condensate tied to regional power demand and global pricing, with the KM250 expansion and new gas sales into Iraq adding volume and customer depth. The company reports high margins and a high dividend yield, and analysts see scope for earnings growth. However, the dividend is not well covered by free cash flow and returns on equity remain modest. In addition, receivables, security-sensitive assets in Kurdistan and reliance on new pipeline capacity introduce execution risk. For investors weighing supply risk in Hormuz against the pull for gas in Iraq and Egypt, there is more to unpack in how Dana Gas balances growth, cash collection and shareholder payouts.

Dana Gas PJSC sits at the crossroads of high-margin production and cash collection questions. Get the full context in the 4 key rewards and 1 important warning sign to see what might be masking the real story.

VAALCO Energy (EGY)

Overview: VAALCO Energy is an independent oil and gas producer focused on acquiring, developing and producing crude oil, natural gas and natural gas liquids from offshore and onshore fields in Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, Nigeria and Canada, giving you direct exposure to global upstream production and export driven earnings. The company concentrates on established fields like Etame in Gabon and the Eastern and Western Desert assets in Egypt, alongside Canadian light oil and gas assets, which fits closely with the Global Oil & Gas Producers theme.

Operations: VAALCO Energy generates about US$350 million in revenue from exploration and production of hydrocarbons, primarily from Gabon at US$184 million, Egypt at US$155 million and Canada at US$11 million.

Market Cap: US$624 million

VAALCO Energy gives you pure upstream leverage to Brent linked pricing at a time when Hormuz risks keep a support under crude yet West African export routes remain open. Management has hedged a meaningful slice of production to protect cash flows while still leaving room to benefit from high prices. The company is investing heavily in offshore projects in Gabon and Côte d'Ivoire and development drilling in Egypt. This could shift the story if production and cash generation catch up with the current dividend and planned growth. The flip side is clear. Dependence on mature offshore assets, uneven profitability and higher freight and diesel costs leave little room for missteps, which is exactly why many investors are taking a closer look at how VAALCO balances growth, risk and shareholder payouts.

VAALCO Energy’s growth story and dividend rely on offshore projects that many investors still treat as background noise. Use the analyst forecasts for VAALCO Energy to see what current forecasts might be hinting at but not fully revealing yet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.