The 10 Oil Companies Best Positioned To Gain From Chaos In The Middle East (CNQ, CVX, DVN)

With oil supplies in the Arab world under threat, energy companies are likely to benefit from rising oil prices.

The companies that will benefit most are those with high earnings leverage to oil prices. Equally important is low exposure to "high risk" countries like Libya, Algeria, Egypt, Yemen and Bahrain.

Based on a Citi report, we've identified the 10 companies that will benefit most. These include energy giants Gazprom, PetroChina and Chevron.

#10 Gazprom (GAZPPE.RTS)

How much EPS increases when the price of oil rise by $10: 10%

Production exposed to high risk countries: 0%

Source: Citi

#9 PetroChina (0857.HK)

How much EPS increases when the price of oil rise by $10: 10.66%

Production exposed to high risk countries: 0%

Source: Citi

#8 Devon Energy (DVN)

How much EPS increases when the price of oil rise by $10: 10.97%

Production exposed to high risk countries: 0%

Source: Citi

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