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

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies209
  • 7D1.7%
  • 3M-2.2%
  • 1Y-3.8%
  • YTDn/a

Over the last 7 days, the Oil and Gas Exploration and Production industry has risen 1.7%, driven by gains in ConocoPhillips and EQT of 1.9% and 6.2%, respectively. However, the industry is down 3.8% over the past year. Earnings are forecast to grow by 13% annually.

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
Thu, 25 Sep 2025US$512.0bUS$224.9bUS$34.5b11.5x14.9x2.3x
Sat, 23 Aug 2025US$496.3bUS$224.9bUS$34.5b11x14.4x2.2x
Mon, 21 Jul 2025US$515.3bUS$218.3bUS$33.0b9.9x15.6x2.4x
Wed, 18 Jun 2025US$596.9bUS$230.6bUS$35.2b12.2x16.9x2.6x
Fri, 16 May 2025US$563.6bUS$230.5bUS$35.3b10.6x16x2.4x
Sun, 13 Apr 2025US$504.9bUS$217.0bUS$35.5b11x14.2x2.3x
Tue, 11 Mar 2025US$550.4bUS$217.1bUS$35.5b12x15.5x2.5x
Thu, 06 Feb 2025US$626.3bUS$213.5bUS$42.8b10.6x14.6x2.9x
Sat, 04 Jan 2025US$561.6bUS$208.0bUS$42.7b10.3x13.1x2.7x
Mon, 02 Dec 2024US$601.1bUS$208.0bUS$42.8b10.6x14.1x2.9x
Wed, 30 Oct 2024US$542.1bUS$216.0bUS$46.0b10.2x11.8x2.5x
Fri, 27 Sep 2024US$546.6bUS$221.7bUS$43.0b10x12.7x2.5x
Sun, 25 Aug 2024US$537.2bUS$221.1bUS$43.0b10.5x12.5x2.4x
Tue, 23 Jul 2024US$568.6bUS$214.9bUS$43.8b11.1x13x2.6x
Thu, 20 Jun 2024US$538.9bUS$214.8bUS$43.7b10.6x12.3x2.5x
Sat, 18 May 2024US$570.3bUS$214.7bUS$43.9b11.1x13x2.7x
Mon, 15 Apr 2024US$661.8bUS$235.9bUS$59.9b10.2x11.1x2.8x
Wed, 13 Mar 2024US$597.7bUS$238.5bUS$60.6b8.2x9.9x2.5x
Fri, 09 Feb 2024US$543.5bUS$236.5bUS$68.3b7.4x8x2.3x
Sun, 07 Jan 2024US$618.9bUS$260.7bUS$76.4b7.3x8.1x2.4x
Tue, 05 Dec 2023US$622.5bUS$260.8bUS$76.7b7.5x8.1x2.4x
Thu, 02 Nov 2023US$645.1bUS$280.9bUS$88.9b6.2x7.3x2.3x
Sat, 30 Sep 2023US$660.0bUS$286.0bUS$89.7b5.8x7.4x2.3x
Mon, 28 Aug 2023US$643.7bUS$285.5bUS$89.6b5.8x7.2x2.3x
Wed, 26 Jul 2023US$629.5bUS$324.9bUS$106.4b5x5.9x1.9x
Fri, 23 Jun 2023US$571.2bUS$327.2bUS$106.8b4.6x5.4x1.7x
Sun, 21 May 2023US$571.4bUS$327.2bUS$106.8b4.7x5.4x1.7x
Tue, 18 Apr 2023US$608.0bUS$336.9bUS$93.2b5.4x6.5x1.8x
Thu, 16 Mar 2023US$527.0bUS$336.7bUS$93.2b5x5.7x1.6x
Sat, 11 Feb 2023US$646.3bUS$327.7bUS$91.1b6x7.1x2x
Mon, 09 Jan 2023US$633.7bUS$326.6bUS$89.4b5.6x7.1x1.9x
Wed, 07 Dec 2022US$643.8bUS$326.6bUS$89.4b5.9x7.2x2x
Fri, 04 Nov 2022US$692.6bUS$298.8bUS$75.9b8.4x9.1x2.3x
Sun, 02 Oct 2022US$577.4bUS$288.3bUS$63.2b8.1x9.1x2x
Price to Earnings Ratio

9.1x


Total Market Cap: US$577.4bTotal Earnings: US$63.2bTotal Revenue: US$288.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 10.6x202320242025
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 14.9x which is higher than its 3-year average PE of 10.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Exploration and Production industry have declined 18% per year over the last three years,
  • Revenues have also declined 7.9% 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 Market0.26%
Energy1.18%
Oil and Gas0.95%
Oil and Gas Exploration and Production1.74%
Coal and Fuels12.06%
Oil and Gas Refining and Marketing3.61%
Oil and Gas Storage and Transportation1.29%
Integrated Oil and Gas-0.61%
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$95.631.9%
+US$2.3b		-9.6%PE13x
EQT EQTUS$53.086.2%
+US$1.9b		51.0%PE29x
VG Venture GlobalUS$14.534.2%
+US$1.4b		n/aPE27.4x
FANG Diamondback EnergyUS$144.612.9%
+US$1.2b		-19.9%PE11x
EXE Expand EnergyUS$103.103.4%
+US$812.0m		31.8%PE118.8x

Latest News

COP
US$95.63
ConocoPhillips
7D
1.9%
1Y
-9.6%
VG
US$14.53
Venture Global
7D
4.2%
1Y
n/a

Is Venture Global (NYSE:VG) A Risky Investment?

Sep 25
Is Venture Global (NYSE:VG) A Risky Investment?
CRK
US$19.20
Comstock Resources
7D
12.0%
1Y
76.0%
DVN
US$35.21
Devon Energy
7D
-0.6%
1Y
-11.5%
EXE
US$103.10
Expand Energy
7D
3.4%
1Y
31.8%

Digital Advances And Regional Positioning Will Reshape The Energy Landscape

The consensus Analyst Price Target for Expand Energy has been revised downward, primarily reflecting a sharp decline in Net Profit Margin and a significant increase in Future P/E, with fair value reduced from $132.15 to $128.78. What's in the News CFO Mohit Singh departed the company due to termination without cause; Brittany Raiford appointed as Interim CFO.
MTDR
US$47.33
Matador Resources
7D
-0.4%
1Y
-6.4%
CTRA
US$23.75
Coterra Energy
7D
-2.6%
1Y
2.1%
AR
US$33.92
Antero Resources
7D
5.1%
1Y
22.3%

New Gulf Coast LNG Facilities Will Expand Global Energy Reach

The marginal downward revision in Antero Resources’ price target reflects slightly lower revenue growth expectations and a modest decrease in future P/E, resulting in a new consensus fair value of $43.14. What's in the News Michael N.
CRC
US$56.12
California Resources
7D
-2.9%
1Y
9.3%

Regulatory Reforms And CCS Projects Will Reshape Energy Amid Uncertainty

The upward revision in California Resources’ price target reflects a markedly higher future P/E despite a weaker net profit margin, raising the consensus fair value from $60.75 to $65.64. What's in the News Total net production for Q2 and first half 2025 more than doubled YoY to 137–139 MBoe/d.
CHRD
US$104.32
Chord Energy
7D
-1.0%
1Y
-21.5%

Longer Lateral Drilling And AI Will Lower Breakeven Costs

Analysts modestly raised Chord Energy's price target to $135.07 amid optimism over Bakken consolidation execution, accretive XTO acreage acquisition, capital efficiency improvements, and supportive shareholder returns, tempered by lingering commodity headwinds. Analyst Commentary Bullish analysts highlight Chord Energy's continued execution of its Bakken consolidation strategy and favorable core asset acquisitions, driving higher price targets.
MNR
US$13.27
Mach Natural Resources
7D
-2.9%
1Y
-18.6%
FANG
US$144.61
Diamondback Energy
7D
2.9%
1Y
-19.9%

Permian Consolidation And Efficiency Will Secure Future Resilience

Despite long-term optimism driven by Diamondback Energy's strategic positioning in the evolving energy sector and robust operational execution, analysts have made a slight downward revision to the consensus price target—from $182.00 to $180.86—due to short-term overhangs from significant share registration events. Analyst Commentary Bullish analysts cite the accelerating impact of AI adoption, describing an early-stage "Power revolution" shifting energy sector leadership to new winners, including Diamondback Energy.
EQT
US$53.08
EQT
7D
6.2%
1Y
51.0%

Appalachian Natural Gas Infrastructure Will Drive Enduring Value

Analysts revised EQT’s price target slightly lower to $62.12, balancing optimism on AI-driven gas demand, production growth, and acquisitions against persistent risks from natural gas oversupply and weak pricing. Analyst Commentary Bullish analysts cite EQT's unique positioning to serve explosive data center and AI-driven demand, winning substantial gas supply agreements and projecting significant dry gas production growth through 2032, which supports higher free cash flow.
TPL
US$935.00
Texas Pacific Land
7D
2.4%
1Y
0.8%
SOC
US$21.76
Sable Offshore
7D
-11.1%
1Y
-8.6%
EOG
US$116.70
EOG Resources
7D
-2.6%
1Y
-6.3%