Crude's Sudden Rally Raises the Stakes for These 2 Energy Stocks
2026-03-11 19:35:00 ET
The geopolitical conflict in the Middle East has impacted energy markets in exactly the same way as previous such events: oil and natural gas prices are rising. There have been dramatic price swings, so there's still significant uncertainty about energy prices. But it is very clear that higher energy prices are good news for pure-play energy producers like Devon Energy (NYSE: DVN) and Diamondback Energy (NASDAQ: FANG) . But there are risks to consider here, as well.
Up front, the news for Devon Energy and Diamondback Energy is very good. They both produce oil and natural gas in the United States, so their production will continue uninterrupted. In the fourth quarter of 2025, Devon Energy's total oil equivalent production averaged 850 MBoe per day. Diamondback Energy's production that quarter came in at 969 MBoe per day. They will both benefit materially from the ability to sell their production at higher price points, thereby increasing revenue without materially increasing costs.
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