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U.S. Oil and Gas Industry Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies353
  • 7D3.5%
  • 3M13.1%
  • 1Y6.9%
  • YTD10.0%

The Oil and Gas industry is up 3.5% in the last week, with Exxon Mobil up 4.8%. This means that the industry has gained 6.9% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the U.S. Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 Jan 2026US$2.3tUS$1.7tUS$119.3b13.8x19.5x1.4x
Mon, 29 Dec 2025US$2.1tUS$1.7tUS$117.8b12.8x17.7x1.2x
Wed, 26 Nov 2025US$2.1tUS$1.7tUS$116.2b13.1x17.9x1.2x
Fri, 24 Oct 2025US$2.1tUS$1.7tUS$116.4b13.1x17.9x1.2x
Sun, 21 Sep 2025US$2.1tUS$1.7tUS$115.9b13.2x18.2x1.2x
Tue, 19 Aug 2025US$2.0tUS$1.7tUS$116.2b13x17.6x1.2x
Thu, 17 Jul 2025US$2.1tUS$1.7tUS$122.4b12.2x17.3x1.2x
Sat, 14 Jun 2025US$2.1tUS$1.7tUS$122.2b12.9x17.2x1.2x
Mon, 12 May 2025US$2.0tUS$1.7tUS$122.7b11.8x16.1x1.1x
Wed, 09 Apr 2025US$1.9tUS$1.7tUS$130.3b10.9x14.4x1.1x
Fri, 07 Mar 2025US$2.1tUS$1.7tUS$130.8b12.2x15.7x1.2x
Sun, 02 Feb 2025US$2.2tUS$1.8tUS$143.9b12.2x15x1.2x
Tue, 31 Dec 2024US$2.0tUS$1.8tUS$144.8b11.1x14.1x1.2x
Thu, 28 Nov 2024US$2.2tUS$1.8tUS$145.0b11.5x15.5x1.3x
Sat, 26 Oct 2024US$2.1tUS$1.8tUS$158.7b10.5x13.4x1.2x
Mon, 23 Sep 2024US$2.1tUS$1.8tUS$157.8b10x13.2x1.2x
Wed, 21 Aug 2024US$2.1tUS$1.8tUS$157.8b10.2x13.3x1.2x
Fri, 19 Jul 2024US$2.1tUS$1.8tUS$162.1b11.2x13x1.2x
Sun, 16 Jun 2024US$2.0tUS$1.8tUS$162.2b10.4x12.2x1.1x
Tue, 14 May 2024US$2.1tUS$1.8tUS$161.3b10.6x13x1.2x
Thu, 11 Apr 2024US$2.2tUS$1.8tUS$192.6b10.2x11.6x1.2x
Sat, 09 Mar 2024US$2.0tUS$1.8tUS$193.7b8.6x10.5x1.1x
Mon, 05 Feb 2024US$2.0tUS$1.9tUS$216.2b7.8x9.3x1.1x
Wed, 03 Jan 2024US$2.0tUS$1.9tUS$230.1b7.7x8.9x1.1x
Fri, 01 Dec 2023US$2.0tUS$1.9tUS$230.4b7.7x8.7x1.1x
Sun, 29 Oct 2023US$2.0tUS$1.9tUS$240.0b6.6x8.4x1.1x
Tue, 26 Sep 2023US$2.1tUS$2.0tUS$261.4b6.5x8.2x1.1x
Thu, 24 Aug 2023US$2.1tUS$2.0tUS$261.2b6.5x7.9x1x
Sat, 22 Jul 2023US$2.0tUS$2.2tUS$307.2b5.9x6.5x0.9x
Mon, 19 Jun 2023US$1.9tUS$2.2tUS$307.3b5.4x6.3x0.9x
Wed, 17 May 2023US$1.9tUS$2.2tUS$307.5b5x6.1x0.8x
Fri, 14 Apr 2023US$2.1tUS$2.2tUS$273.8b6.2x7.5x0.9x
Sun, 12 Mar 2023US$1.9tUS$2.2tUS$274.9b5.9x7.1x0.9x
Tue, 07 Feb 2023US$2.0tUS$2.2tUS$267.1b6.6x7.6x0.9x
Price to Earnings Ratio

7.6x


Total Market Cap: US$2.0tTotal Earnings: US$267.1bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 12.6x202420252026
Current Industry PE
  • Investors are optimistic on the American Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 19.5x 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 1.4x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 24% per year over the last three years,
  • Revenues have also declined 8.2% 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 industry?

US Market0.25%
Energy3.29%
Oil and Gas3.49%
Oil and Gas Exploration and Production4.58%
Integrated Oil and Gas4.27%
Oil and Gas Storage and Transportation2.95%
Oil and Gas Refining and Marketing-0.016%
Coal and Fuels-4.44%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 17.5x.
    • Analysts are expecting annual earnings growth of 73.6%, which is higher than its past year's earnings decline of 15.3% per year.
  • Investors are most pessimistic about the Oil and Gas Exploration and Production industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.3x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 74% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings grow by 8.8% 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
XOM Exxon MobilUS$141.404.8%
+US$27.1b		32.4%PE19.9x
CVX ChevronUS$176.906.1%
+US$20.5b		18.6%PE27.9x
COP ConocoPhillipsUS$104.236.0%
+US$7.3b		5.5%PE14.6x
FANG Diamondback EnergyUS$163.956.4%
+US$2.8b		-0.2%PE11.2x
WMB Williams CompaniesUS$67.263.5%
+US$2.8b		21.3%PE34.7x

Latest News

WMB
US$67.26
Williams Companies
7D
3.5%
1Y
21.3%
CNR
US$95.38
Core Natural Resources
7D
-3.9%
1Y
5.6%
XOM
US$141.40
Exxon Mobil
7D
4.8%
1Y
32.4%
CVX
US$176.90
Chevron
7D
6.1%
1Y
18.6%
LEU
US$278.28
Centrus Energy
7D
-6.0%
1Y
238.1%
VLO
US$181.43
Valero Energy
7D
-3.0%
1Y
36.4%
MUR
US$30.09
Murphy Oil
7D
-4.7%
1Y
13.0%
KMI
US$30.49
Kinder Morgan
7D
3.1%
1Y
11.0%

Kinder Morgan's (NYSE:KMI) Dividend Will Be $0.2925

Jan 29
Kinder Morgan's (NYSE:KMI) Dividend Will Be $0.2925
CVI
US$22.74
CVR Energy
7D
-7.3%
1Y
20.0%
UEC
US$17.24
Uranium Energy
7D
-7.4%
1Y
144.2%
COP
US$104.23
ConocoPhillips
7D
6.0%
1Y
5.5%

COP: Future Cash Flows Will Strengthen As Dividend Capacity Expands

Narrative Update The updated analyst price target for ConocoPhillips edges higher to about US$113. Analysts point to slightly stronger margin assumptions, a modestly higher future P/E multiple, and refreshed views on dividend growth and valuation across recent research updates.
EOG
US$112.13
EOG Resources
7D
3.5%
1Y
-10.9%

EOG: 2025 Production Guidance And Buybacks Will Support Future Cash Flow

Analysts have trimmed their price targets on EOG Resources by about US$2 to roughly US$133, citing slightly softer margin assumptions, modestly lower long term revenue growth inputs, and a somewhat higher future P/E multiple in their updated models. Analyst Commentary Recent research updates on EOG Resources cluster around slightly lower price targets and some rating changes, giving you a mix of optimism on execution and caution on valuation and future assumptions.
TRGP
US$200.98
Targa Resources
7D
5.0%
1Y
2.1%

TRGP: Permian Volumes And Diversification Will Support Measured Future Cash Returns

Narrative Update: Targa Resources Analyst Price Target Shift The analyst price target for Targa Resources has moved higher to US$212.05, with analysts pointing to refined assumptions around revenue growth, profit margins and future P/E, alongside recent research highlighting Q3 outperformance, diversified midstream exposure and solid Permian volume trends as key supports for the updated view. Analyst Commentary Recent research on Targa Resources highlights a mix of optimism around execution and growth, alongside some caution on macro sensitivity and the midstream sector reset in price targets.
BTU
US$35.26
Peabody Energy
7D
-7.1%
1Y
94.3%

BTU: Higher Earnings Quality Assumptions Will Support Future Upside Potential

Analysts have raised their fair value estimate on Peabody Energy by $2 to $44, citing updated assumptions on revenue growth, profit margins, and a lower future P/E ratio that together support a higher price target. Analyst Commentary Recent research commentary on Peabody Energy centers on how updated revenue and margin assumptions, combined with a lower future P/E ratio, still support a higher fair value.
FANG
US$163.95
Diamondback Energy
7D
6.4%
1Y
-0.2%

FANG: Higher Margins And Capital Returns Will Support Future Cash Generation

Analysts trimmed their average price target for Diamondback Energy by about US$2 to reflect slightly lower modeled revenue growth, partly offset by higher expected profit margins and a modestly lower forward P/E. Analyst Commentary Recent research on Diamondback Energy shows a mix of modest target trims and some meaningful upward revisions, as analysts fine tune their models after the latest Q3 updates and guidance changes.
VG
US$9.80
Venture Global
7D
-0.8%
1Y
-52.1%