The companies operating in the Zacks Oil-Energy sector remain a key driver of the global economy, providing essential energy for transportation, manufacturing, electricity generation and other industries. Its operations span exploration, production, refining, transportation and the marketing of petroleum products. Despite the rapid growth of renewable energy, oil and gas continue to play a crucial role due to their high energy density and well-established infrastructure.

Ongoing geopolitical tensions in the Middle East have disrupted global oil supplies, pushing crude prices higher. Rising prices benefit U.S. producers by boosting realized prices and margins. Companies like Devon Energy Corporation DVN and Occidental Petroleum…