President Donald Trump has revived his familiar “drill, baby, drill” rhetoric, urging the Energy Department to facilitate greater U.S. oil production.
Notably, his call comes as oil prices remain on edge, with further increases possible amid ongoing geopolitical tensions in the Middle East.
While the Department of Energy cannot directly order companies to produce more oil, investors are likely to turn their attention to domestic producers, which could benefit if political support for expanded drilling grows.
In this context, OpenAI’s ChatGPT has picked two U.S. oil stocks that stand to gain the most if drilling activity ramps up.
Devon Energy (NYSE: DVN)
Devon Energy (NYSE: DVN) is a pure-play American onshore producer with a deep footprint across prolific shale basins like the Delaware and Anadarko. The AI model noted that Devon’s financials are highly leveraged to crude prices, so every sustained price increase directly feeds into stronger cash flow and returns.
Devon’s variable dividend policy also means shareholders can participate in this upside with larger payouts as oil prices rise. This structure could make the company an attractive income play if output expands.
Regarding its stock performance, DVN has experienced some volatility. At the close of the last session, the stock was valued at $32.83, down 4.23%, while it dipped 1.7% year-to-date.
Occidental Petroleum (NYSE: OXY)
Occidental (NYSE: OXY) was ChatGPT’s second pick. The AI model noted its dominance in the Permian Basin and its close ties to Warren Buffett’s Berkshire Hathaway, a signal of long-term investor confidence.
Its strong balance sheet and low-cost operations allow it to ramp up production quickly if policy and permitting support more aggressive drilling.
Furthermore, Occidental is investing in carbon capture and enhanced oil recovery techniques, which add flexibility and resilience.
Coupled with its strong free cash flow profile and strategic assets, the company can gain if U.S. energy policy shifts and global demand remains firm.
At the time of reporting, OXY was valued at $43.95, down 3.68% on the day and off by more than 11% year-to-date.
In summary, ChatGPT noted that with pro-drilling political rhetoric heating up and Middle East conflicts fueling uncertainty, these companies offer direct exposure to a potentially drill-friendly future — and an opportunity for investors to capitalize.
Featured image via Shutterstock
