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

UpdatedAug 16, 2026
DataAggregated Company Financials
Companies210
  • 7D6.3%
  • 3M-2.9%
  • 1Y24.6%
  • YTDn/a

Over the last 7 days, the Oil and Gas Exploration and Production industry has risen 6.3%, driven by gains from ConocoPhillips of 7.8%. During this same period, the Sable Offshore underperformed, falling 13%. In the last 12 months, the industry was up 25%. As for the next few years, earnings are expected to grow by 8.5% per annum.

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, 16 Aug 2026US$628.4bUS$251.8bUS$39.9b11x15.7x2.5x
Tue, 14 Jul 2026US$571.5bUS$230.7bUS$29.6b13.4x19.3x2.5x
Thu, 11 Jun 2026US$601.6bUS$230.7bUS$29.7b13.6x20.3x2.6x
Sat, 09 May 2026US$603.8bUS$228.3bUS$30.4b13.2x19.9x2.6x
Mon, 06 Apr 2026US$662.3bUS$230.4bUS$33.8b15.5x19.6x2.9x
Wed, 04 Mar 2026US$612.7bUS$230.3bUS$34.1b14.6x18x2.7x
Fri, 30 Jan 2026US$532.0bUS$232.8bUS$35.6b13.3x15x2.3x
Sun, 28 Dec 2025US$484.5bUS$232.2bUS$35.2b12.7x13.8x2.1x
Tue, 25 Nov 2025US$486.8bUS$234.8bUS$33.8b12.6x14.4x2.1x
Thu, 23 Oct 2025US$478.0bUS$225.5bUS$35.0b11.1x13.6x2.1x
Sat, 20 Sep 2025US$508.9bUS$224.9bUS$34.5b11.3x14.8x2.3x
Mon, 18 Aug 2025US$502.5bUS$225.5bUS$34.5b11.1x14.6x2.2x
Wed, 16 Jul 2025US$582.9bUS$230.5bUS$35.2b10.1x16.5x2.5x
Fri, 13 Jun 2025US$581.2bUS$230.6bUS$35.2b11.2x16.5x2.5x
Sun, 11 May 2025US$538.0bUS$228.9bUS$35.4b10.9x15.2x2.4x
Tue, 08 Apr 2025US$497.3bUS$217.0bUS$35.5b10.6x14x2.3x
Thu, 06 Mar 2025US$565.4bUS$217.3bUS$34.8b11.5x16.2x2.6x
Sat, 01 Feb 2025US$628.9bUS$213.3bUS$42.9b10.6x14.7x2.9x
Mon, 30 Dec 2024US$536.9bUS$208.0bUS$42.6b9.7x12.6x2.6x
Wed, 27 Nov 2024US$589.6bUS$208.0bUS$42.8b10.7x13.8x2.8x
Fri, 25 Oct 2024US$547.1bUS$216.2bUS$45.8b10.4x11.9x2.5x
Sun, 22 Sep 2024US$555.8bUS$221.0bUS$43.1b10.4x12.9x2.5x
Tue, 20 Aug 2024US$543.9bUS$221.1bUS$43.0b10.6x12.6x2.5x
Thu, 18 Jul 2024US$574.9bUS$214.9bUS$43.8b11.4x13.1x2.7x
Sat, 15 Jun 2024US$545.1bUS$214.8bUS$43.7b10.6x12.5x2.5x
Mon, 13 May 2024US$575.9bUS$214.7bUS$44.1b10.9x13.1x2.7x
Wed, 10 Apr 2024US$665.3bUS$235.9bUS$59.9b10.2x11.1x2.8x
Fri, 08 Mar 2024US$588.2bUS$238.5bUS$60.8b8.1x9.7x2.5x
Sun, 04 Feb 2024US$588.4bUS$260.2bUS$75.6b7x7.8x2.3x
Tue, 02 Jan 2024US$616.5bUS$260.7bUS$76.4b7.4x8.1x2.4x
Thu, 30 Nov 2023US$624.8bUS$260.8bUS$76.7b7.6x8.1x2.4x
Sat, 28 Oct 2023US$642.7bUS$280.4bUS$89.0b5.6x7.2x2.3x
Mon, 25 Sep 2023US$632.3bUS$285.5bUS$89.5b5.7x7.1x2.2x
Wed, 23 Aug 2023US$644.2bUS$285.5bUS$89.6b5.9x7.2x2.3x
Price to Earnings Ratio

7.2x


Total Market Cap: US$644.2bTotal Earnings: US$89.6bTotal Revenue: US$285.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 13.6x202420252026
Current Industry PE
  • Investors are optimistic on the American Oil and Gas Exploration and Production industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 15.5x which is higher than its 3-year average PE of 13.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Exploration and Production industry have declined 24% per year over the last three years,
  • Revenues have also declined 4.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

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

US Market0.63%
Energy6.92%
Oil and Gas6.79%
Oil and Gas Exploration and Production6.31%
Oil and Gas Refining and Marketing15.34%
Integrated Oil and Gas5.50%
Coal and Fuels5.44%
Oil and Gas Storage and Transportation5.39%
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
COP ConocoPhillipsUS$126.787.8%
+US$11.0b		33.0%PE16.5x
EOG EOG ResourcesUS$142.615.8%
+US$4.1b		19.9%PE10.9x
FANG Diamondback EnergyUS$202.477.7%
+US$4.0b		44.4%PE38.9x
DVN Devon EnergyUS$45.856.7%
+US$3.3b		36.1%PE16.1x
VG Venture GlobalUS$13.995.5%
+US$2.0b		12.0%PE10.5x

Latest News

EQT
US$54.42
EQT
7D
5.3%
1Y
3.0%
EP
US$2.78
Empire Petroleum
7D
-0.7%
1Y
-45.2%
VG
US$13.99
Venture Global
7D
5.5%
1Y
12.0%
SM
US$33.75
SM Energy
7D
16.9%
1Y
28.9%
EPSN
US$5.58
Epsilon Energy
7D
-2.3%
1Y
-0.9%
Seeking Alpha • Aug 14

Epsilon Energy: The Oil Pivot Still Needs Proof

Summary Epsilon Energy Ltd. transitions from a midstream microcap to an oil-weighted growth story post-Peak acquisition, but Q2 results raise concerns. Q2 saw production drop 13% QoQ, CapEx rise, and adjusted results turn negative, highlighting operational and margin risks. Capital allocation appears unfocused, with simultaneous oil growth ambitions, dividends, debt, buybacks, and an ATM program complicating the investment case. I rate EPSN as a Hold, awaiting Q3/Q4 evidence of operational improvement and margin recovery before considering upside potential. Read the full article on Seeking Alpha
COP
US$126.78
ConocoPhillips
7D
7.8%
1Y
33.0%
GLND
US$1.28
Greenland Energy
7D
-45.3%
1Y
-87.2%
FANG
US$202.47
Diamondback Energy
7D
7.7%
1Y
44.4%
SOC
US$4.15
Sable Offshore
7D
-12.6%
1Y
-84.9%
Analysis Article • Aug 13

Earnings Miss: Sable Offshore Corp. Missed EPS And Analysts Are Revising Their Forecasts

Sable Offshore Corp. ( NYSE:SOC ) shareholders are probably feeling a little disappointed, since its shares fell 5.4...
TPL
US$358.52
Texas Pacific Land
7D
5.2%
1Y
21.9%
Analysis Article • Aug 12

Texas Pacific Land (NYSE:TPL) Strong Profits May Be Masking Some Underlying Issues

The market shrugged off Texas Pacific Land Corporation's ( NYSE:TPL ) solid earnings report. Our analysis showed that...
EOG
US$142.61
EOG Resources
7D
5.8%
1Y
19.9%
Seeking Alpha • Aug 11

EOG Resources: Upgrading To Buy

Summary EOG Resources is rated a buy, upgraded for its core asset durability, international optionality, and peer-leading shareholder returns. EOG's diversified multi-basin and international portfolio supports 16 years of premium drilling inventory and robust free cash flow at sub-$50 WTI. Q2 saw a record $2.8B adjusted free cash flow, $1.8B returned to shareholders, and a fortress balance sheet with $4.1B cash and $3.1B net debt. Patience is warranted as near-term EPS dips are forecast, potentially offering better entry points despite strong long-term fundamentals. Read the full article on Seeking Alpha
DVN
US$45.85
Devon Energy
7D
6.7%
1Y
36.1%
PRT
US$2.19
PermRock Royalty Trust
7D
-1.8%
1Y
-45.0%
FTW
US$11.22
Presidio Production
7D
-1.5%
1Y
8.6%
MARP.S
US$4.71
Marine Petroleum Trust
7D
-2.1%
1Y
9.9%
EONR
US$0.48
EON Resources
7D
-1.5%
1Y
43.2%