Oil prices have cooled off a little as West Texas Intermediate crude prices (the U.S. benchmark) are now hovering in the low $80 per barrel range.

But even at that price, exploration and production companies can make a hefty profit. In fact, the upstream industry is more efficient than ever before, as producers have made technological strides and reduced costs to make sure they can do well even during a downturn.

Oil stocks aren't for everyone. But for investors who believe in the ongoing value fossil fuels will bring to the energy transition, the industry is worth a look.

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Source Fool.com