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U.S. Oil and Gas Exploration and Production Industry Analysis

UpdatedSep 24, 2023
DataAggregated Company Financials
Companies299
  • 7D-4.4%
  • 3M13.7%
  • 1Y13.9%
  • YTD5.3%

Over the last 7 days, the Oil and Gas Exploration and Production industry has dropped 4.4%, driven by declines in EOG Resources and ConocoPhillips of 7.2% and 3.6%, respectively. This takes the industry's 12 month performance to a gain of 14%. Looking forward, earnings are forecast to decline by 4.5% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Sep 2023US$632.3bUS$285.5bUS$89.5b5.7x7.1x2.2x
Tue, 22 Aug 2023US$649.3bUS$285.6bUS$89.6b5.9x7.2x2.3x
Thu, 20 Jul 2023US$603.8bUS$327.2bUS$106.8b4.9x5.7x1.8x
Sat, 17 Jun 2023US$579.0bUS$327.2bUS$106.8b4.8x5.4x1.8x
Mon, 15 May 2023US$555.1bUS$328.0bUS$106.7b4.7x5.2x1.7x
Wed, 12 Apr 2023US$611.4bUS$336.9bUS$93.2b5.5x6.6x1.8x
Fri, 10 Mar 2023US$587.8bUS$336.7bUS$93.2b5.6x6.3x1.7x
Sun, 05 Feb 2023US$617.6bUS$331.6bUS$91.1b5.7x6.8x1.9x
Tue, 03 Jan 2023US$644.3bUS$326.6bUS$89.4b5.8x7.2x2x
Thu, 01 Dec 2022US$693.2bUS$326.6bUS$89.4b6.3x7.8x2.1x
Sat, 29 Oct 2022US$696.3bUS$297.3bUS$71.9b8.6x9.7x2.3x
Mon, 26 Sep 2022US$560.4bUS$288.3bUS$63.2b7.7x8.9x1.9x
Wed, 24 Aug 2022US$648.0bUS$288.2bUS$63.2b9.9x10.3x2.2x
Fri, 22 Jul 2022US$542.4bUS$228.6bUS$37.2b12.2x14.6x2.4x
Sun, 19 Jun 2022US$555.3bUS$228.7bUS$37.2b11.8x14.9x2.4x
Tue, 17 May 2022US$600.1bUS$228.4bUS$37.1b13.8x16.2x2.6x
Thu, 14 Apr 2022US$612.0bUS$196.4bUS$33.3b15.6x18.4x3.1x
Sat, 12 Mar 2022US$559.4bUS$197.5bUS$31.3b16.9x17.9x2.8x
Mon, 07 Feb 2022US$514.2bUS$164.9bUS$15.6b22.8x32.9x3.1x
Wed, 05 Jan 2022US$451.7bUS$153.2bUS$11.1b20.5x40.7x2.9x
Fri, 03 Dec 2021US$401.5bUS$152.0bUS$11.8b19.3x34.1x2.6x
Sun, 31 Oct 2021US$443.3bUS$131.3b-US$520,712,432.0029.1x-851.3x3.4x
Tue, 28 Sep 2021US$395.2bUS$127.2b-US$543,426,557.0026.3x-727.3x3.1x
Thu, 26 Aug 2021US$318.2bUS$127.6b-US$1,343,496,174.3219.8x-236.8x2.5x
Fri, 02 Jul 2021US$368.2bUS$127.6b-US$1,354,725,410.3223.2x-271.8x2.9x
Mon, 05 Apr 2021US$304.1bUS$102.0b-US$17,620,691,031.4717.5x-17.3x3x
Thu, 07 Jan 2021US$184.4bUS$85.1b-US$44,094,801,525.979.9x-4.2x2.2x
Wed, 30 Sep 2020US$137.0bUS$91.2b-US$42,986,844,894.176.8x-3.2x1.5x
Price to Earnings Ratio

-3.2x


Total Market Cap: US$137.0bTotal Earnings: -US$42,986,844,894.17Total Revenue: US$91.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Exploration and Production Industry Price to Earnings3Y Average -39.5x202120222023
Current Industry PE
  • Investors are pessimistic on the American Oil and Gas Exploration and Production industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 7.1x which is higher than its 3-year average PE of -39.5x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • Total earnings for the Oil and Gas Exploration and Production industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 46% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does U.S. Oil and Gas Exploration and Production compare with similar industries?

US Market-3.07%
Energy-2.03%
Oil and Gas-1.94%
Oil and Gas Exploration and Production-4.43%
Oil and Gas Storage and Transportation-0.12%
Oil and Gas Refining and Marketing-0.61%
Coal and Fuels-1.22%
Integrated Oil and Gas-1.24%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
TPL Texas Pacific LandUS$1.84k3.9%
+US$534.1m
12.2%PE33.9x
HPK HighPeak EnergyUS$16.865.6%
+US$115.4m
-16.2%PE9.3x
PBT Permian Basin Royalty TrustUS$21.722.4%
+US$23.8m
38.3%PE19.1x
EP Empire PetroleumUS$9.8911.0%
+US$22.3m
-22.8%PS4.9x
GRNT Granite Ridge ResourcesUS$5.892.4%
+US$18.9m
-40.7%PE4.4x
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Latest News

HPK

US$16.86

HighPeak Energy

7D

5.6%

1Y

-16.2%

COP

US$119.16

ConocoPhillips

7D

-3.6%

1Y

18.5%

DVN

US$46.59

Devon Energy

7D

-6.2%

1Y

-19.2%

FANG

US$150.57

Diamondback Energy

7D

-3.3%

1Y

30.7%

PBT

US$21.72

Permian Basin Royalty Trust

7D

2.4%

1Y

38.3%

GRNT

US$5.89

Granite Ridge Resources

7D

2.4%

1Y

-40.7%

HES

US$150.12

Hess

7D

-6.4%

1Y

43.5%

NRT

US$12.20

North European Oil Royalty Trust

7D

5.3%

1Y

-15.2%

EP

US$9.89

Empire Petroleum

7D

11.0%

1Y

-22.8%

TGA

US$3.72

TransGlobe Energy

7D

4.8%

1Y

42.5%