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 |
|---|---|---|
| XOM | ExxonMobil | Integrated oil & gas |
| CVX | Chevron | Integrated oil & gas |
| COP | ConocoPhillips | Oil & gas exploration & production |
| SLB | SLB | Oilfield services |
| EOG | EOG Resources | Shale oil & gas production |
| WMB | Williams Companies | Natural gas pipelines & infrastructure |
| PSX | Phillips 66 | Refining & midstream |
| MPC | Marathon Petroleum | Refining |
| OXY | Occidental Petroleum | Oil & gas exploration & production |
| VLO | Valero Energy | Refining |
| KMI | Kinder Morgan | Energy pipelines & storage |
| 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.
Sign up in a moment — no credit card. The full screener is on the free plan.
Add a sector filter, then stack valuation, quality, growth and income filters with ≥, ≤ and range operators to match your thesis.
Open any survivor for a DCF you control, 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 any ticker in Lemma Analysis and the DCF is pre-filled from years of financials. Adjust growth, margins and WACC to see fair value across commodity-price assumptions, then run a reverse DCF to see what price the market already has baked in.
Yes. Create a free account with no credit card and screen the full universe of listed companies, energy included, on fundamental filters.
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.
Free to start. No credit card.