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U.S. Oil and Gas Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies367
- 7D-5.1%
- 3M-2.9%
- 1Y2.6%
- YTD2.7%
Over the last 7 days, the Oil and Gas industry has dropped 5.1%, driven by declines in Exxon Mobil and Chevron of 4.5% and 7.2%, respectively. On the other hand Sable Offshore is actually up 6.7%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 8.3% per annum.
Industry Valuation and Performance
Has the U.S. Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | US$2.0t | US$1.8t | US$144.8b | 10.9x | 13.8x | 1.1x |
| Mon, 18 Nov 2024 | US$2.2t | US$1.8t | US$146.3b | 11.3x | 15.1x | 1.3x |
| Wed, 16 Oct 2024 | US$2.1t | US$1.8t | US$161.0b | 10.5x | 13.2x | 1.2x |
| Fri, 13 Sep 2024 | US$2.0t | US$1.8t | US$157.8b | 9.9x | 12.5x | 1.1x |
| Sun, 11 Aug 2024 | US$2.1t | US$1.8t | US$158.0b | 10.2x | 13.1x | 1.1x |
| Tue, 09 Jul 2024 | US$2.0t | US$1.8t | US$162.2b | 10.4x | 12.6x | 1.2x |
| Thu, 06 Jun 2024 | US$2.0t | US$1.8t | US$161.8b | 10.8x | 12.5x | 1.1x |
| Sat, 04 May 2024 | US$2.1t | US$1.8t | US$163.8b | 10x | 12.7x | 1.2x |
| Mon, 01 Apr 2024 | US$2.2t | US$1.8t | US$193.2b | 9.4x | 11.3x | 1.2x |
| Wed, 28 Feb 2024 | US$2.0t | US$1.8t | US$195.2b | 8.7x | 10.2x | 1.1x |
| Fri, 26 Jan 2024 | US$2.0t | US$1.9t | US$227.5b | 7.8x | 8.7x | 1x |
| Sun, 24 Dec 2023 | US$2.0t | US$1.9t | US$230.1b | 7.8x | 8.9x | 1.1x |
| Tue, 21 Nov 2023 | US$2.0t | US$1.9t | US$230.5b | 7.8x | 8.8x | 1.1x |
| Thu, 19 Oct 2023 | US$2.2t | US$2.0t | US$261.6b | 6.7x | 8.3x | 1.1x |
| Sat, 16 Sep 2023 | US$2.1t | US$2.0t | US$261.4b | 6.7x | 8.2x | 1.1x |
| Mon, 14 Aug 2023 | US$2.1t | US$2.0t | US$261.6b | 6.8x | 8.1x | 1x |
| Wed, 12 Jul 2023 | US$2.0t | US$2.2t | US$307.3b | 5.6x | 6.5x | 0.9x |
| Fri, 09 Jun 2023 | US$2.0t | US$2.2t | US$307.3b | 5.5x | 6.4x | 0.9x |
| Sun, 07 May 2023 | US$1.9t | US$2.2t | US$309.9b | 5.5x | 6.2x | 0.9x |
| Tue, 04 Apr 2023 | US$2.0t | US$2.2t | US$275.3b | 6.1x | 7.4x | 0.9x |
| Thu, 02 Mar 2023 | US$2.0t | US$2.2t | US$275.6b | 6.5x | 7.3x | 0.9x |
| Sat, 28 Jan 2023 | US$2.2t | US$2.2t | US$258.6b | 7.1x | 8.4x | 1x |
| Mon, 26 Dec 2022 | US$2.1t | US$2.2t | US$254.2b | 7.1x | 8.2x | 1x |
| Wed, 23 Nov 2022 | US$2.2t | US$2.1t | US$254.1b | 7.5x | 8.7x | 1x |
| Fri, 21 Oct 2022 | US$2.1t | US$1.9t | US$190.1b | 9.7x | 10.9x | 1.1x |
| Sun, 18 Sep 2022 | US$1.9t | US$1.9t | US$190.1b | 9.5x | 10.2x | 1x |
| Tue, 16 Aug 2022 | US$1.9t | US$1.9t | US$189.7b | 9.7x | 10.3x | 1x |
| Thu, 14 Jul 2022 | US$1.7t | US$1.7t | US$116.0b | 11.6x | 14.6x | 1x |
| Sat, 11 Jun 2022 | US$2.1t | US$1.7t | US$116.0b | 14.1x | 18.4x | 1.3x |
| Mon, 09 May 2022 | US$2.0t | US$1.6t | US$110.3b | 14.7x | 18.1x | 1.2x |
| Wed, 06 Apr 2022 | US$1.9t | US$1.5t | US$98.2b | 14.8x | 18.9x | 1.3x |
| Fri, 04 Mar 2022 | US$1.8t | US$1.5t | US$95.3b | 15.4x | 18.5x | 1.2x |
| Sun, 30 Jan 2022 | US$1.6t | US$1.2t | US$32.1b | 17.9x | 49.4x | 1.3x |
| Tue, 28 Dec 2021 | US$1.4t | US$1.3t | US$31.5b | 16.4x | 44.6x | 1.1x |
Price to Earnings Ratio
44.6x
Current Industry PE
- Investors are relatively neutral on the American Oil and Gas industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 12.6x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 66% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Energy industry?
| US Market | -2.39% | |
| Energy | -5.27% | |
| Oil and Gas | -5.09% | |
| Oil and Gas Storage and Transportation | -2.52% | |
| Integrated Oil and Gas | -5.22% | |
| Oil and Gas Exploration and Production | -6.33% | |
| Coal and Fuels | -7.52% | |
| Oil and Gas Refining and Marketing | -8.70% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Storage and Transportation industry, which is trading close to its 3-year average PE ratio of 14.5x.
- Analysts are expecting annual earnings growth of 8.4%, which is higher than its past year's earnings growth of 3.0% per year.
- Investors are most pessimistic about the Coal and Fuels industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.0x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Exploration and Production industry, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Coal and Fuels industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SOC Sable Offshore | US$22.27 | 6.7% +US$123.8m | 89.7% | PB11.8x | |
| KNTK Kinetik Holdings | US$57.76 | 1.7% +US$56.8m | 72.9% | PE11.4x | |
| DTM DT Midstream | US$100.91 | 0.3% +US$29.4m | 84.4% | PE25.4x | |
| MNR Mach Natural Resources | US$15.67 | 1.7% +US$26.9m | 0.5% | PS1.9x | |
| HHRS Hammerhead Energy | US$15.32 | 1.9% +US$26.9m | 50.2% | PS2.7x |
