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U.S. Energy Sector Analysis

UpdatedDec 10, 2025
DataAggregated Company Financials
Companies439
  • 7D-0.1%
  • 3M1.9%
  • 1Y0.2%
  • YTD0.6%

The Energy industry has stayed flat over the last week. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Dec 2025US$2.4tUS$1.9tUS$124.8b15.5x18.9x1.3x
Fri, 07 Nov 2025US$2.3tUS$1.9tUS$126.6b14.6x17.9x1.2x
Sun, 05 Oct 2025US$2.3tUS$1.9tUS$125.9b14x18.5x1.3x
Tue, 02 Sep 2025US$2.3tUS$1.9tUS$126.4b13.7x18.5x1.3x
Thu, 31 Jul 2025US$2.3tUS$1.9tUS$133.8b12.5x17.6x1.2x
Sat, 28 Jun 2025US$2.3tUS$1.9tUS$134.4b11.9x17x1.2x
Mon, 26 May 2025US$2.2tUS$1.9tUS$134.3b11.6x16.1x1.1x
Wed, 23 Apr 2025US$2.1tUS$1.9tUS$143.3b11.3x14.6x1.1x
Fri, 21 Mar 2025US$2.4tUS$1.9tUS$143.9b13.3x16.8x1.3x
Sun, 16 Feb 2025US$2.4tUS$1.9tUS$154.7b12.3x15.5x1.3x
Tue, 14 Jan 2025US$2.3tUS$1.9tUS$158.5b12.1x14.8x1.2x
Thu, 12 Dec 2024US$2.4tUS$1.9tUS$158.5b12.3x14.9x1.2x
Sat, 09 Nov 2024US$2.4tUS$1.9tUS$160.1b11.8x15.1x1.2x
Mon, 07 Oct 2024US$2.4tUS$2.0tUS$175.7b12.1x13.8x1.2x
Wed, 04 Sep 2024US$2.3tUS$2.0tUS$172.2b11.1x13.6x1.2x
Fri, 02 Aug 2024US$2.3tUS$1.9tUS$174.4b11.3x13.4x1.2x
Sun, 30 Jun 2024US$2.3tUS$1.9tUS$176.1b11.2x13.1x1.2x
Tue, 28 May 2024US$2.3tUS$1.9tUS$174.8b11.1x13.1x1.2x
Thu, 25 Apr 2024US$2.5tUS$2.0tUS$204.7b10.8x12x1.2x
Sat, 23 Mar 2024US$2.4tUS$2.0tUS$206.3b9.7x11.5x1.2x
Mon, 19 Feb 2024US$2.2tUS$2.0tUS$215.2b9x10.2x1.1x
Wed, 17 Jan 2024US$2.2tUS$2.1tUS$242.2b8.4x9.2x1.1x
Fri, 15 Dec 2023US$2.2tUS$2.1tUS$242.3b8.7x9.1x1.1x
Sun, 12 Nov 2023US$2.2tUS$2.1tUS$242.7b8.7x9.2x1.1x
Tue, 10 Oct 2023US$2.4tUS$2.2tUS$272.8b7.7x8.7x1.1x
Thu, 07 Sep 2023US$2.4tUS$2.2tUS$272.6b7.8x8.8x1.1x
Sat, 05 Aug 2023US$2.6tUS$2.2tUS$274.1b7.9x9.5x1.2x
Mon, 03 Jul 2023US$2.5tUS$2.4tUS$315.8b7x7.9x1.1x
Wed, 31 May 2023US$2.4tUS$2.4tUS$315.5b6.9x7.6x1x
Fri, 28 Apr 2023US$2.2tUS$2.4tUS$285.8b6.6x7.7x0.9x
Sun, 26 Mar 2023US$2.1tUS$2.4tUS$280.9b6.6x7.3x0.9x
Tue, 21 Feb 2023US$2.2tUS$2.3tUS$272.6b7.4x8.2x1x
Thu, 19 Jan 2023US$2.3tUS$2.3tUS$257.2b8x9.1x1x
Sat, 17 Dec 2022US$2.2tUS$2.3tUS$257.1b8x8.6x1x
Price to Earnings Ratio

8.6x


Total Market Cap: US$2.2tTotal Earnings: US$257.1bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 12.5x202320242025
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 18.9x which is higher than its 3-year average PE of 12.5x.
  • 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 6.4% 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 Market0.071%
Energy-0.12%
Energy Services-0.082%
Oil and Gas-0.12%
Industry PE
  • Investors are most optimistic about the Energy Services industry, which is trading close to its 3-year average PE ratio of 26.4x.
    • Analysts are expecting annual earnings growth of 17.2%, 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 12.1x.
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
COP ConocoPhillipsUS$93.434.6%
+US$5.1b		-8.7%PE13.1x
XOM Exxon MobilUS$118.250.4%
+US$1.9b		5.7%PE16.6x
TRGP Targa ResourcesUS$183.694.5%
+US$1.7b		-1.4%PE24.4x
SLB SLBUS$38.302.0%
+US$1.1b		-7.8%PE15.7x
HAL HalliburtonUS$28.584.3%
+US$993.1m		-2.1%PE18.4x

Latest News

XOM
US$118.25
Exxon Mobil
7D
0.4%
1Y
5.7%
AR
US$37.35
Antero Resources
7D
7.6%
1Y
20.3%
HAL
US$28.58
Halliburton
7D
4.3%
1Y
-2.1%
UEC
US$13.96
Uranium Energy
7D
7.8%
1Y
65.0%
SLB
US$38.30
SLB
7D
2.0%
1Y
-7.8%

SLB: Digital Expansion Will Drive Long-Term Upside Despite Macro Headwinds

Analysts have modestly trimmed their blended price target on SLB by about $1 to reflect a slightly higher discount rate and only marginal improvements in long term growth and profitability assumptions, even as they highlight company specific digital and international tailwinds that help offset sector wide macro risks. Analyst Commentary Street commentary on SLB reflects a mix of optimism around structural growth drivers and caution on the macro backdrop, resulting in only modest net changes to price targets and largely unchanged ratings.
TPL
US$880.82
Texas Pacific Land
7D
-3.7%
1Y
-27.0%

TPL: Future Returns Will Reflect Higher Production And Moderating Profit Margins

Narrative Update Analysts have trimmed their price target for Texas Pacific Land from approximately $921.93 to $842.50, reflecting expectations for faster top line growth, but lower long term margins and a more conservative valuation multiple. What's in the News Texas Pacific Land completed a share repurchase tranche, buying back 9,000 shares, or 0.04 percent of outstanding stock, for 8.28 million dollars between July 1 and September 30, 2025.
OXY
US$41.55
Occidental Petroleum
7D
-2.1%
1Y
-14.3%
BKV
US$29.07
BKV
7D
9.7%
1Y
32.5%
CVX
US$148.49
Chevron
7D
-1.2%
1Y
-5.4%

CVX: Future Dividend Payouts And Asset Integration Will Drive Outperformance

Chevron's analyst price target increased from $172.80 to $172.92, as analysts cite a stronger financial profile and consistent dividend growth highlighted by recent investor updates. Analyst Commentary Chevron's recent investor day and third quarter results have prompted a variety of responses from Wall Street.
TRGP
US$183.69
Targa Resources
7D
4.5%
1Y
-1.4%
EQT
US$58.52
EQT
7D
-4.3%
1Y
28.4%

EQT: Shifting U.S. Gas Demand and LNG Agreements Will Shape Outlook

The analyst price target for EQT was modestly increased from $63.70 to $64.00. This change reflects analysts’ confidence in the company’s strategic positioning and the improving outlook for U.S. natural gas demand.
BKR
US$47.69
Baker Hughes
7D
-5.5%
1Y
12.3%

BKR: Divestiture Plans And Leadership Changes Will Shape Sector Recovery Prospects

Baker Hughes' analyst fair value estimate was nudged slightly higher, rising by $0.05 to $52.57. Analysts cite ongoing strength in the company's Industrial and Energy Technology segment, along with improved execution and sector recovery signals.
EXE
US$117.46
Expand Energy
7D
-4.4%
1Y
17.9%

EXE: Higher Production Outlook and Share Buyback Are Expected To Sustain Fair Value

Analysts have slightly increased their price target for Expand Energy from $130.22 to $130.56. They cite small but notable adjustments to profit margin and forward P/E estimates as the primary drivers for the update.
COP
US$93.43
ConocoPhillips
7D
4.6%
1Y
-8.7%

COP: Free Cash Flow Will Outperform as Workforce Reduction Improves Efficiency

ConocoPhillips' analyst price target saw a modest decrease of $0.63, as analysts cited updated company outlooks for 2025 and 2026 as well as evolving sector dynamics in their revised forecasts. Analyst Commentary Recent Street research on ConocoPhillips presents a blend of optimism for the company's prospects alongside some caution about sector headwinds and near-term execution challenges.
EOG
US$109.39
EOG Resources
7D
-1.9%
1Y
-14.2%

EOG: North American Gas Demand And Capital Efficiency Will Drive Upside In 2025

The analyst price target for EOG Resources was raised slightly by $0.61 to $137.81. Analysts cited updated 2025 guidance and evolving expectations for North American energy markets as key drivers of this change.
LNG
US$198.72
Cheniere Energy
7D
-4.7%
1Y
-7.7%