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U.S. Energy Sector Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies434
  • 7D-2.8%
  • 3M0.7%
  • 1Y-8.3%
  • YTD-1.6%

Over the last 7 days, the Energy industry has dropped 2.8%, driven by a pullback from Chevron of 4.8%. The industry has fallen 8.3% in the last year. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

Has the U.S. Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Nov 2025US$2.3tUS$1.9tUS$125.2b15x18.7x1.3x
Mon, 20 Oct 2025US$2.2tUS$1.9tUS$125.4b13.3x17.9x1.2x
Wed, 17 Sep 2025US$2.3tUS$1.9tUS$125.9b14x18.3x1.2x
Fri, 15 Aug 2025US$2.2tUS$1.9tUS$126.3b13.2x17.8x1.2x
Sun, 13 Jul 2025US$2.3tUS$1.9tUS$134.5b12.1x17.4x1.2x
Tue, 10 Jun 2025US$2.2tUS$1.9tUS$134.4b11.7x16.5x1.2x
Thu, 08 May 2025US$2.1tUS$1.9tUS$135.0b11.3x15.7x1.1x
Sat, 05 Apr 2025US$2.3tUS$1.9tUS$143.8b11.3x15.8x1.2x
Mon, 03 Mar 2025US$2.4tUS$1.9tUS$144.4b12.8x16.5x1.3x
Wed, 29 Jan 2025US$2.4tUS$1.9tUS$159.4b12.4x15.3x1.3x
Fri, 27 Dec 2024US$2.3tUS$1.9tUS$158.3b11.7x14.2x1.2x
Sun, 24 Nov 2024US$2.5tUS$1.9tUS$158.6b12.2x15.8x1.3x
Tue, 22 Oct 2024US$2.3tUS$2.0tUS$175.9b11.5x13.3x1.2x
Thu, 19 Sep 2024US$2.3tUS$2.0tUS$172.6b11.6x13.2x1.2x
Sat, 17 Aug 2024US$2.3tUS$2.0tUS$172.2b11.6x13.5x1.2x
Mon, 15 Jul 2024US$2.3tUS$1.9tUS$176.1b11.5x13.1x1.2x
Wed, 12 Jun 2024US$2.3tUS$1.9tUS$176.3b11.5x12.9x1.2x
Fri, 10 May 2024US$2.3tUS$1.9tUS$175.3b11.4x13.3x1.2x
Sun, 07 Apr 2024US$2.5tUS$2.0tUS$206.0b11x12.2x1.3x
Tue, 05 Mar 2024US$2.2tUS$2.0tUS$207.2b9x10.7x1.1x
Thu, 01 Feb 2024US$2.3tUS$2.1tUS$238.2b8.6x9.6x1.1x
Sat, 30 Dec 2023US$2.3tUS$2.1tUS$242.2b8.5x9.3x1.1x
Mon, 27 Nov 2023US$2.3tUS$2.1tUS$242.5b8.8x9.4x1.1x
Wed, 25 Oct 2023US$2.4tUS$2.2tUS$273.4b7.4x8.6x1.1x
Fri, 22 Sep 2023US$2.4tUS$2.2tUS$272.6b7.6x8.7x1.1x
Sun, 20 Aug 2023US$2.7tUS$2.2tUS$272.4b7.8x9.9x1.2x
Tue, 18 Jul 2023US$2.5tUS$2.4tUS$315.8b6.8x7.9x1.1x
Thu, 15 Jun 2023US$2.4tUS$2.4tUS$315.8b7x7.7x1x
Sat, 13 May 2023US$2.1tUS$2.4tUS$316.0b6.4x6.6x0.9x
Mon, 10 Apr 2023US$2.2tUS$2.4tUS$279.2b6.9x8x0.9x
Wed, 08 Mar 2023US$2.3tUS$2.4tUS$280.7b7.3x8x1x
Fri, 03 Feb 2023US$2.3tUS$2.3tUS$270.2b7.5x8.5x1x
Sun, 01 Jan 2023US$2.3tUS$2.3tUS$257.1b8.2x8.9x1x
Tue, 29 Nov 2022US$2.4tUS$2.3tUS$256.8b8.3x9.2x1x
Price to Earnings Ratio

9.2x


Total Market Cap: US$2.4tTotal Earnings: US$256.8bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 12.3x202320242025
Current Industry PE
  • Investors are optimistic on the American Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 18.7x which is higher than its 3-year average PE of 12.3x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 21% per year over the last three years,
  • Revenues have also declined 6.5% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Energy sector?

US Market-2.08%
Energy-2.81%
Energy Services-2.10%
Oil and Gas-2.89%
Industry PE
  • Investors are most optimistic about the Energy Services industry, which is trading close to its 3-year average PE ratio of 27.2x.
    • Analysts are expecting annual earnings growth of 16.7%, which is higher than its past year's earnings decline of 19.5% per year.
  • Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.9x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PR Permian ResourcesUS$13.932.2%
+US$223.5m		-14.1%PE12.8x
FTI TechnipFMCUS$44.141.0%
+US$182.0m		43.2%PE18.4x
SUNC SunocoCorpUS$52.196.6%
+US$165.3m		n/an/a
BKR Baker HughesUS$48.880.3%
+US$148.0m		10.5%PE16.7x
DTM DT MidstreamUS$116.890.8%
+US$96.6m		7.7%PE29.5x

Latest News

PSX
US$133.72
Phillips 66
7D
-6.0%
1Y
0.3%
PR
US$13.93
Permian Resources
7D
2.2%
1Y
-14.1%
CVX
US$149.98
Chevron
7D
-4.8%
1Y
-7.6%

CVX: Dividend Strength And Asset Synergies Will Drive Shareholder Returns

Chevron's analyst price target has increased modestly to $172.80 from $172.04. Analysts cite strong Q3 financial performance, improving profit margins, and confidence in future cash flow and dividend growth as key factors for the upward revision.
FTI
US$44.14
TechnipFMC
7D
1.0%
1Y
43.2%

FTI: Subsea Margin Gains And Cash Flow Strength Will Offset Market Uncertainty

Analysts have raised their price target for TechnipFMC from $44.95 to $45.75, citing robust quarterly results, increased free cash flow conversion, and strong subsea margin guidance as key drivers that support the company's improved valuation outlook. Analyst Commentary Following TechnipFMC's strong quarterly performance and updated outlook, industry analysts have provided fresh perspectives on the company's valuation and growth prospects.
LBRT
US$16.40
Liberty Energy
7D
3.0%
1Y
-13.6%

LBRT: Future Outlook Will Weigh Market Softness Against Distributed Power Potential

Liberty Energy's analyst price target was revised downward by $1.50 to $12.00, as analysts cite a softening completions market and limited near-term growth prospects in both activity and pricing. Analyst Commentary Analysts have provided a range of perspectives on Liberty Energy's recent performance and future outlook based on shifts in the completions market and changing company valuations.
VLO
US$173.45
Valero Energy
7D
-4.6%
1Y
23.1%

VLO: Future Performance Will Reflect Industry Cyclicality And Robust Capital Return

Valero Energy's analyst price target has increased modestly from $180.78 to $182.22 per share. Analysts cite the company's strong earnings momentum, robust operating margins, and a constructive outlook for high-quality product demand as key drivers of the upward revision.
XOM
US$117.08
Exxon Mobil
7D
-1.9%
1Y
-3.9%

XOM: Free Cash Flow Strength And Cost Savings Will Offset Industry Volatility

Exxon Mobil’s analyst price target has increased from $141 to $144 per share, with analysts citing the company’s resilient free cash flow and ongoing structural cost savings as key drivers for the modest upgrade. Analyst Commentary Recent research updates from Street analysts reflect a mix of optimism around Exxon Mobil’s positioning and growth prospects, as well as some reservations regarding the near-term outlook for the energy sector.
DTM
US$116.89
DT Midstream
7D
0.8%
1Y
7.7%

DTM: Expansion Execution And Competition Will Shape Performance Beyond 2028

Analysts raised their price target for DT Midstream by $12.58 to $128, citing positive developments such as the successful open season for the Guardian expansion as key drivers for improved valuation. Analyst Commentary Bullish Takeaways Bullish analysts have increased their price targets, reflecting growing confidence in DT Midstream's growth prospects.
FRO
US$25.90
Frontline
7D
1.6%
1Y
32.5%

FRO: Winter Season Will Shape Earnings Amid Modern Fleet Advantage

Analysts have increased their price target for Frontline from $27.20 to $27.80 per share, citing improved profit margin forecasts and a favorable outlook for the company's modern tanker fleet this winter. Analyst Commentary Recent Street Research highlights a generally optimistic outlook on Frontline, with analysts adjusting their models and price targets upward ahead of the winter tanker season.
BKR
US$48.88
Baker Hughes
7D
0.3%
1Y
10.5%

BKR: Sector Activity Rebound And Divestiture Plans Will Shape Risk-Reward Ahead

The average analyst price target for Baker Hughes has increased modestly to approximately $52.52 per share. This reflects analysts' expectations for improving sector momentum and upcoming strategic catalysts, despite a still cautious macroeconomic environment.
SUNC
US$52.19
SunocoCorp
7D
6.6%
1Y
n/a
WFRD
US$73.31
Weatherford International
7D
1.5%
1Y
-14.6%
COP
US$87.37
ConocoPhillips
7D
-4.4%
1Y
-21.8%

Earnings Troubles May Signal Larger Issues for ConocoPhillips (NYSE:COP) Shareholders

Nov 13
Earnings Troubles May Signal Larger Issues for ConocoPhillips (NYSE:COP) Shareholders
MPC
US$190.62
Marathon Petroleum
7D
-4.7%
1Y
20.3%

MPC: Capital Returns And Midstream Strength Will Balance Margin Volatility Ahead

Marathon Petroleum’s analyst price target rose slightly from $196.11 to $197.50, as analysts cite ongoing capital discipline and midstream strength, despite soft spots in recent results. Analyst Commentary Recent analyst reports on Marathon Petroleum reflect a mix of optimism and caution, as perspectives diverge on the company’s valuation and future prospects.
TPL
US$896.43
Texas Pacific Land
7D
-12.3%
1Y
-48.2%
LNG
US$205.50
Cheniere Energy
7D
-4.5%
1Y
-7.7%