Global oil benchmark Brent crude recently topped $100 a barrel for the first time since 2022. This is the fourth time in history that crude oil prices have reached triple digits, each of which has occurred in the past two decades.
Here are five stocks that have historically risen when oil prices soared above $100 a barrel.
Will artificial intelligence create the world’s first trillionaire? Our team just released a report on a little-known company that has been described as an “essential monopoly” that provides critical technology that both Nvidia and Intel need. continue”
In 2008, crude oil prices exceeded US$100 per barrel for the first time. Crude oil prices more than doubled from mid-2007 to mid-2008, reaching a record high of $147 in July 2008. oil stocks To soar, the gains are much smaller than you might think. Let’s take a look at five ways Top Energy Stocks Doing so at a time when crude oil prices were surging:
occidental petroleum corp. (NYSE:OXY) The rate of return is the highest, over 50%. By comparison, earnings for large integrated energy companies are much smaller, Exxon Mobil (NYSE: XOM) Shares rose just 3%. The surge in crude oil prices has suppressed demand for refined oil products and affected downstream businesses. Meanwhile, Canadian oil pipeline giant ambridge (NYSE: ENB) Leading the way among midstream companies as many peers lose value due to concerns about demand.
In late 2008, crude oil prices plummeted as the economy went through its worst recession since the Great Depression. However, as the economy recovered, oil prices once again exceeded US$100 per barrel in 2011. By mid-2014, oil prices remained in triple digits. Rising oil prices have incentivized oil companies to develop new resources, leading them to extract oil from shale through horizontal drilling and hydraulic fracturing. The shale oil boom unleashed a flood of new supply, ultimately causing crude oil prices to plummet in the second half of 2014.
Oil stocks rode the wave of rising oil prices and surging production during the shale oil boom, delivering strong returns for shareholders:
ConocoPhillips (NYSE:COP) Leading the way with an increase of more than 130%. In 2012, the company divested its downstream assets and established Phillips 66. Strong demand growth also benefits ExxonMobil, Chevronand Occidental Petroleum Corp., while Enbridge continues to lead in pipelines.
Crude oil prices will remain below $100 per barrel for several years. However, this changed in early 2022, when Russia, one of the world’s three largest oil producers, invaded Ukraine. Crude oil briefly topped $120 a barrel before gradually falling as supply conditions improved. This surge has fueled a surge in oil inventories:
Occidental Petroleum led the way, more than doubling its value. The surge in oil prices allowed it to generate more cash to pay down debt, which had weighed on its share price before the surge.
Not all energy stocks historically rise as crude oil prices rise. Some oils significantly underperform oil due to a variety of factors. However, Exxon Mobil, Chevron, ConocoPhillips, Occidental Petroleum and Enbridge stand out as their stock prices rise every time crude prices top $100 a barrel.
Before buying Occidental Petroleum stock, consider the following factors:
this Motley Fool Stock Advisor The analytics team has just identified what they believe is 10 Best Stocks Investors can buy now… and Occidental Petroleum isn’t one of them. The 10 stocks selected could generate huge returns in the coming years.
consider when Netflix This list was created on December 17, 2004… If you invested $1,000 when we recommended, You will have $510,710!* or when NVIDIA This list was created on April 15, 2005… If you invested $1,000 when we recommended, You will have $1,105,949!*
Now, it’s worth noting stock advisor The overall average return is 927% — outperformed the market compared to the S&P 500’s 186%. Don’t miss the latest top 10 list, available via stock advisorand join an investment community built by individual investors for individual investors.
See 10 stocks »
*Stock Advisor returned on March 19, 2026.
Matt DiLallo holds positions at Chevron, ConocoPhillips, Enbridge and Phillips 66. The Motley Fool has positions and recommendations at Chevron, Enbridge and Phillips 66. The Motley Fool recommends ConocoPhillips and Occidental Petroleum. The Motley Fool has a disclosure policy.
5 Stocks That Historically Surge When Oil Prices Surge Above $100 Originally Posted by The Motley Fool