Screen the sector where capital discipline and reserves, not the oil price, separate the winners.
Energy spans oil and gas producers, refiners, pipeline operators and oilfield-services firms — cash flows that rise and fall with commodity prices most investors don’t control. Because the swing factor is the barrel price, screening here rewards low-cost producers with disciplined capital spending and shareholder returns over those simply levered to the cycle.
Illustrative — not investment advice.
| Ticker | Company | Sub-industry | Quality Score |
|---|---|---|---|
| XOM | ExxonMobil | Integrated oil & gas | 5.4/10 |
| CVX | Chevron | Integrated oil & gas | 5.6/10 |
| COP | ConocoPhillips | Oil & gas exploration & production | 5.8/10 |
| SLB | SLB | Oilfield services | 6.4/10 |
| EOG | EOG Resources | Shale oil & gas production | 6.9/10 |
| WMB | Williams Companies | Natural gas pipelines & infrastructure | 5.7/10 |
| PSX | Phillips 66 | Refining & midstream | 5.3/10 |
| MPC | Marathon Petroleum | Refining | 6.3/10 |
| OXY | Occidental Petroleum | Oil & gas exploration & production | 5.6/10 |
| VLO | Valero Energy | Refining | 6.9/10 |
| KMI | Kinder Morgan | Energy pipelines & storage | 5.1/10 |
| HES | Hess Corporation | Oil & gas exploration & production | — |
Free-cash-flow yield is the sector’s report card: producers that generate cash across the price cycle, not just at the top of it, are the ones that fund dividends and buybacks reliably.
Energy investors are frequently paid to wait through the cycle; screening on sustainable yield surfaces producers returning cash rather than chasing production growth.
A producer that isn’t replacing what it pumps is a depleting asset; reserve replacement flags companies investing enough to sustain output long-term.
Commodity downturns punish leveraged balance sheets fastest; a low leverage ceiling filters for producers that can survive a weak price cycle intact.
After years of shareholder pressure, producers now prioritise free cash flow and buybacks over chasing barrels, reshaping which companies get rewarded for growth versus restraint.
Rising global demand for liquefied natural gas is driving a new wave of pipeline and export-terminal investment, favouring midstream operators with contracted, fee-based cash flows.
Scale and low-cost acreage are consolidating into fewer hands, as larger operators acquire smaller shale players to extend their lowest-cost drilling inventory.
Each one opens the screener with these filters already on the bar — change any of them, or save the screen under your own name.
Income first — a dividend-yield floor, with valuation and free-cash-flow filters to screen out yield traps.
Durable, capital-efficient businesses: high returns on capital and fat margins, still growing.
Smaller companies compounding revenue faster than the market has noticed, and paying for themselves in cash.
Every card above opens the screener with the sector filter and its own bounds already on the bar. Change any of them — nothing here is fixed.
Stack valuation, profitability, growth, dividend and financial-health filters. Each one is a range with presets, the table answers as you move a bound, and every filter says how many companies it excluded for want of a value.
Open any survivor for the four intrinsic-value models, then save it to a watchlist with a margin-of-safety target so each name carries an undervalued / fair / rich signal.
Screen for strong free-cash-flow yield across the cycle, sustainable dividend yield, healthy reserve replacement and low net debt to EBITDA. That favours low-cost, disciplined producers over those simply levered to a high oil price.
Open the company’s Intrinsic Value tab: Lemma Analysis prices it four ways at once — Advanced DCF, Ben Graham, Simple DCF and the Dividend Discount Model — and draws all four on one axis against today’s price, with every assumption editable and a bear/base/bull case behind each one. There is deliberately no blended figure; which methods fit the company is stated instead, with the reason beside any that does not. Cash flow here swings with the commodity cycle, so a single steady rate flatters a peak year — the five-year build and its bear case are where an energy valuation is actually argued. Intrinsic Value is free for 3 companies a day with no account needed, and unlimited on Ultimate, which every new account gets for seven days without a card.
There is no one answer for a sector, and a page that gave you one would be stating a figure it cannot keep true. What the Fair Value tab does instead is ask it per company: seven multiples — P/E, Yield, P/FCF, P/OCF, P/S, EV/EBITDA and P/B — each measured against that company’s own history, so today’s reading is a percentile of what the market has actually paid for it rather than a comparison with a sector average. Earnings follow the commodity price, so a P/E is at its lowest exactly when the cycle is at its highest. A longer window and the cash-flow lenses are what stop a peak year reading as cheap. Fair Value is free for 3 companies a day with no account needed, and unlimited on Ultimate, which every new account gets for seven days without a card.
Yes — the screener is part of Ultimate. Every new account gets Ultimate for seven days with no credit card, which is enough to build a energy screen, sort it and keep it; a screen you save stays on your account.
Mature producers with disciplined capital spending often generate more cash than they need to sustain production, and many now prioritise returning that surplus to shareholders over drilling for growth — hence the sector’s above-average yields.
The screener is part of Ultimate, and every new account gets it for seven days: create an account, confirm your email, and the trial starts without a card. What you have built stays yours either way — a screen is an address, so the link you saved keeps working the day you subscribe.