The Iran Conflict Is Sending Oil Prices Soaring -- These 3 Energy Stocks Are Built to Profit

ConocoPhillips only needs oil in the mid-$40s per barrel to fund its capital spending plan this year, signaling a relatively low capex breakeven. EOG Resources can generate returns of more than 100% on new wells at $55/bbl, indicating very high project-level ROI at moderate oil prices. Together these data points imply strong cash-flow resilience for large U.S. E&P companies and potential for meaningful share-price upside or increased capital returns if oil remains at or above these levels.

Analysis

ConocoPhillips only needs oil in the mid-$40s per barrel to fund its capital spending plan this year, signaling a relatively low capex breakeven. EOG Resources can generate returns of more than 100% on new wells at $55/bbl, indicating very high project-level ROI at moderate oil prices. Together these data points imply strong cash-flow resilience for large U.S. E&P companies and potential for meaningful share-price upside or increased capital returns if oil remains at or above these levels.