Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Oil and Gas Refining and Marketing Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies46
  • 7D11.2%
  • 3M8.2%
  • 1Y37.2%
  • YTDn/a

Over the last 7 days, the Oil and Gas Refining and Marketing industry has risen 11%, and Valero Energy contributed the most with a gain of 12%. Meanwhile, Verde Clean Fuels actually underperformed within the industry, shrinking 28% in the last week. This means that the industry has gained 37% over the past year. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026US$226.8bUS$534.1bUS$10.1b19.1x22.5x0.4x
Wed, 07 Jan 2026US$201.0bUS$527.9bUS$5.1b21.8x39.8x0.4x
Fri, 05 Dec 2025US$207.6bUS$528.4bUS$5.1b21.6x40.4x0.4x
Sun, 02 Nov 2025US$198.1bUS$518.0bUS$4.6b24.3x43.2x0.4x
Tue, 30 Sep 2025US$203.3bUS$521.5bUS$2.6b26.2x78.2x0.4x
Thu, 28 Aug 2025US$183.9bUS$521.2bUS$2.6b25.4x70.5x0.4x
Sat, 26 Jul 2025US$176.1bUS$547.3bUS$3.1b24.6x56.5x0.3x
Mon, 23 Jun 2025US$175.8bUS$552.1bUS$3.3b21.4x53x0.3x
Wed, 21 May 2025US$168.4bUS$552.1bUS$3.3b20.4x50.7x0.3x
Fri, 18 Apr 2025US$133.7bUS$565.5bUS$7.9b12.1x17x0.2x
Sun, 16 Mar 2025US$161.3bUS$565.6bUS$7.9b12.8x20.4x0.3x
Tue, 11 Feb 2025US$166.6bUS$579.6bUS$8.9b13.2x18.7x0.3x
Thu, 09 Jan 2025US$159.0bUS$592.5bUS$12.1b11.1x13.2x0.3x
Sat, 07 Dec 2024US$172.5bUS$592.7bUS$12.1b10.7x14.3x0.3x
Mon, 04 Nov 2024US$165.1bUS$601.3bUS$15.4b10x10.7x0.3x
Wed, 02 Oct 2024US$183.2bUS$617.7bUS$21.9b7.6x8.4x0.3x
Fri, 30 Aug 2024US$189.5bUS$617.7bUS$21.9b7.7x8.7x0.3x
Sun, 28 Jul 2024US$203.2bUS$614.3bUS$24.4b7x8.3x0.3x
Tue, 25 Jun 2024US$200.4bUS$614.6bUS$25.4b6.9x7.9x0.3x
Thu, 23 May 2024US$210.8bUS$614.7bUS$24.0b7x8.8x0.3x
Sat, 20 Apr 2024US$225.2bUS$624.2bUS$29.6b6.5x7.6x0.4x
Mon, 18 Mar 2024US$230.4bUS$623.9bUS$29.5b7.2x7.8x0.4x
Wed, 14 Feb 2024US$211.0bUS$635.3bUS$31.0b5.7x6.8x0.3x
Fri, 12 Jan 2024US$198.3bUS$646.6bUS$35.5b5.1x5.6x0.3x
Sun, 10 Dec 2023US$190.9bUS$646.6bUS$35.5b4.7x5.4x0.3x
Tue, 07 Nov 2023US$192.8bUS$646.2bUS$35.4b5x5.4x0.3x
Thu, 05 Oct 2023US$205.6bUS$670.3bUS$40.0b4.7x5.1x0.3x
Sat, 02 Sep 2023US$200.1bUS$670.3bUS$40.0b4.7x5x0.3x
Mon, 31 Jul 2023US$194.4bUS$715.7bUS$46.7b5.1x4.2x0.3x
Wed, 28 Jun 2023US$170.3bUS$739.2bUS$49.4b4.8x3.4x0.2x
Fri, 26 May 2023US$169.6bUS$739.2bUS$49.5b4.5x3.4x0.2x
Sun, 23 Apr 2023US$182.4bUS$747.1bUS$43.0b4.8x4.2x0.2x
Tue, 21 Mar 2023US$187.8bUS$746.6bUS$44.4b4.6x4.2x0.3x
Thu, 16 Feb 2023US$203.8bUS$738.7bUS$43.3b6.5x4.7x0.3x
Price to Earnings Ratio

4.7x


Total Market Cap: US$203.8bTotal Earnings: US$43.3bTotal Revenue: US$738.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Refining and Marketing Industry Price to Earnings3Y Average 19.9x202420252026
Current Industry PE
  • Investors are optimistic on the American Oil and Gas Refining and Marketing industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.5x which is higher than its 3-year average PE of 19.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.31x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Refining and Marketing industry have declined 39% per year over the last three years,
  • Revenues have also declined 10% 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 Refining and Marketing compare with similar industries?

US Market-0.071%
Energy3.69%
Oil and Gas3.51%
Oil and Gas Refining and Marketing11.18%
Integrated Oil and Gas4.13%
Oil and Gas Exploration and Production2.26%
Oil and Gas Storage and Transportation1.27%
Coal and Fuels-2.09%
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
VLO Valero EnergyUS$202.6812.5%
+US$6.9b		48.1%PE26.3x
MPC Marathon PetroleumUS$203.0014.7%
+US$6.7b		32.0%PE14.8x
PSX Phillips 66US$157.8010.9%
+US$6.3b		27.6%PE14.4x
DINO HF SinclairUS$58.5913.0%
+US$1.2b		55.5%PE27.6x
DK Delek US HoldingsUS$35.5322.9%
+US$396.9m		82.6%PS0.2x

Latest News

MPC
US$203.00
Marathon Petroleum
7D
14.7%
1Y
32.0%

MPC: Capital Returns And Refining Margins Will Drive Balanced Future Outcomes

Analysts have adjusted their price targets on Marathon Petroleum, supporting a modest increase in our fair value estimate from US$194.61 to about US$199.56. They cite updated commodity assumptions, mixed views on refining conditions into 2026, and revised expectations for earnings and future P/E multiples.
CLMT
US$25.19
Calumet
7D
10.8%
1Y
55.9%
LODE
US$2.78
Comstock
7D
-4.1%
1Y
-28.7%

LODE: New Equity And Solar Recycling Facilities Will Support Future Upside

Analysts have kept their price target for Comstock steady at about $5.38, citing largely unchanged views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Comstock completed a follow on equity offering of about US$50.0m, issuing 18,181,819 common shares at US$2.75 each with a US$0.1925 discount per share.
PSX
US$157.80
Phillips 66
7D
10.9%
1Y
27.6%
VGAS
US$1.34
Verde Clean Fuels
7D
-28.3%
1Y
-65.9%
PARR
US$43.30
Par Pacific Holdings
7D
14.8%
1Y
147.6%
PBF
US$35.51
PBF Energy
7D
9.4%
1Y
23.8%

PBF: Martinez Execution And Crude Trade Shifts Will Shape Balanced Outlook

Analysts have increased their PBF Energy price target by about $1, supported by a slightly higher fair value estimate, a lower discount rate, and modestly adjusted assumptions for revenue growth, profit margins, and future P/E multiples that reflect recent sector research. Analyst Commentary Recent Street research on PBF Energy highlights a mix of upside potential and execution risks that investors are watching closely.
DINO
US$58.59
HF Sinclair
7D
13.0%
1Y
55.5%

DINO: West Coast Refining Margins Will Drive Future Upside Potential

Narrative Update: HF Sinclair The HF Sinclair analyst price target has been updated to US$75.00, with analysts pointing to a revised outlook that pairs softer revenue growth expectations with higher projected profit margins and a slightly adjusted P/E framework. Analyst Commentary Recent research on HF Sinclair has been active, with several bullish analysts adjusting price targets higher and upgrading their views.
DK
US$35.53
Delek US Holdings
7D
22.9%
1Y
82.6%

DK: Ongoing Share Repurchases Will Support Higher Future P/E Re Rating

Analysts have kept their fair value estimate for Delek US Holdings steady at US$53.00. They have adjusted inputs such as a slightly lower discount rate, a more conservative revenue growth outlook, a modestly higher profit margin and a marginally reduced future P/E assumption to reflect updated views on the company’s earnings profile and risk.
VLO
US$202.68
Valero Energy
7D
12.5%
1Y
48.1%
SKYQ
US$0.28
Sky Quarry
7D
-6.1%
1Y
-74.4%