Summary

• Chevron, Exxon Mobil and ConocoPhillips are poised to benefit from unprecedented Middle East oil and gas disruptions.
• I expect Brent to reach $150–$200/bbl due to the Strait of Hormuz closure, depleted reserves, and double-demand catalysts.
• The Big-3's secure, diversified oil and LNG assets outside the Middle East position them for outsized profits as global supply tightens.
• All the "Big-3" American oil companies are buys due to their secure oil and gas production combined with what will likely be the biggest bull market in oil of our lives.
• Of the three, I favor Chevron for its consistent and strong dividend growth, for putting a priority on dividends over share buybacks (unlike Exxon and Conoco), and for the 3.92% yield.

I've been very surprised that the response in the price of oil has been relatively muted (in my opinion) given what has arguably been the largest disruption and destruction of oil and gas assets in world history. The war with Iran has

23.26K Followers

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.