Oil and Gold is the fourth studio album by English rock band Shriekback, released in 1985 by Arista Records in UK and Europe, Australia and New Zealand and by Island Records in the United States,

The album is widely considered the band's highest creative moment and saw them begin a metamorphosis from funk-influenced new wave towards darker and challenging art rock. The addition of Martyn Barker on drums and Lu Edmonds on guitar gives many of the songs a harder edge, while the album also features synthesizers from Hans Zimmer, best known for his work in film music.

Oil and Gold served as a bridge between the founding trio of Barry Andrews, Carl Marsh, and Dave Allen, and a span of releases spearheaded by Andrews alone. Marsh, whose voice featured prominently on earlier releases, left the band after the recording and Andrews took over as primary vocalist. Marsh would return with the release of Having a Moment (2003), and remains involved with the band to the present day. Still, the album's highlights, including the three opening songs, sung by Marsh, and the minor hit, "Nemesis", became the band's signature song. The album's success widened their audience significantly, and sold well in the US. Both of the singles released from the album reached the Top 100 in the UK singles chart: "Nemesis" reached number 94 and "Fish Below the Ice" reached number 88.