With most of earnings season in the rearview mirror and the price of crude oil stabilized in the mid $40s, Jim Cramer decided it was time to pick among the rubble of oil stocks. The first group he looked at was companies that were able to best navigate through the commodity collapse in the past 18 months.
"Even though the oil stocks have rebounded nicely from their late-August lows, the group is still down dramatically," the "Mad Money" host said.
When Cramer researched the cohort, he found that there was a very clear division between two groups of companies. First was the traditional integrated oil giants like Exxon or Chevron, and the second were the oil companies that decided to break themselves up in the last few years to separate core exploration and production operations—think Phillips 66 or Marathon Oil.