Warm a large skillet over medium-high heat for 1-2 minutes.
Add oil and carrots to the skillet and toss to coat. Add 1 tablespoon of water and cover with a lid. Cook for 3 minutes.
Uncover and stir. Season with salt and pepper. Continue cooking uncovered, stirring occasionally to allow the carrots to develop browned caramelized edges, for an additional 2-3 minutes to the desired doneness.
When carrots are caramelized, remove from heat. Season to taste with salt and pepper.