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

UpdatedAug 10, 2026
DataAggregated Company Financials
Companies46
  • 7D-4.3%
  • 3M16.8%
  • 1Y90.1%
  • YTDn/a

Over the last 7 days, the Oil and Gas Refining and Marketing industry has dropped 4.3%, driven by a pullback from Marathon Petroleum of 2.9%. In contrast, Gevo has gained 7.5%. In the past year, the industry has gained 90%. In the next few years, earnings are forecast to decline by 15% 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
Tue, 11 Aug 2026US$303.3bUS$658.3bUS$27.3b10.6x11.1x0.5x
Thu, 09 Jul 2026US$273.8bUS$563.8bUS$14.8b16.9x18.6x0.5x
Sat, 06 Jun 2026US$272.7bUS$563.8bUS$14.7b16x18.5x0.5x
Mon, 04 May 2026US$260.6bUS$549.5bUS$13.1b17.3x20x0.5x
Wed, 01 Apr 2026US$266.8bUS$554.6bUS$10.9b17.9x24.5x0.5x
Fri, 27 Feb 2026US$215.3bUS$554.8bUS$10.3b19.8x20.9x0.4x
Sun, 25 Jan 2026US$205.4bUS$527.9bUS$5.1b22.9x40.5x0.4x
Tue, 23 Dec 2025US$188.5bUS$528.4bUS$5.1b19.6x36.7x0.4x
Thu, 20 Nov 2025US$211.6bUS$528.4bUS$5.1b20.5x41.1x0.4x
Sat, 18 Oct 2025US$186.8bUS$521.7bUS$2.6b26.3x70.7x0.4x
Mon, 15 Sep 2025US$186.0bUS$521.2bUS$2.6b25.7x71.3x0.4x
Wed, 13 Aug 2025US$163.4bUS$521.2bUS$2.6b25.2x63.3x0.3x
Fri, 11 Jul 2025US$185.4bUS$552.1bUS$3.3b23x55.8x0.3x
Sun, 08 Jun 2025US$162.0bUS$552.1bUS$3.3b20.2x48.8x0.3x
Tue, 06 May 2025US$149.0bUS$554.5bUS$4.7b12.2x31.8x0.3x
Thu, 03 Apr 2025US$163.2bUS$565.5bUS$7.9b14.3x20.7x0.3x
Sat, 01 Mar 2025US$165.3bUS$565.6bUS$8.0b13.8x20.7x0.3x
Mon, 27 Jan 2025US$170.6bUS$589.3bUS$12.2b11.5x14x0.3x
Wed, 25 Dec 2024US$153.1bUS$592.5bUS$12.1b10.5x12.7x0.3x
Fri, 22 Nov 2024US$179.2bUS$592.7bUS$12.1b12.1x14.8x0.3x
Sun, 20 Oct 2024US$183.2bUS$617.8bUS$21.9b7.5x8.4x0.3x
Tue, 17 Sep 2024US$181.0bUS$617.7bUS$21.9b7.7x8.3x0.3x
Thu, 15 Aug 2024US$193.5bUS$617.8bUS$21.9b7.8x8.9x0.3x
Sat, 13 Jul 2024US$194.2bUS$614.6bUS$25.4b6.9x7.6x0.3x
Mon, 10 Jun 2024US$203.2bUS$614.6bUS$25.4b6.8x8x0.3x
Wed, 08 May 2024US$211.6bUS$615.8bUS$24.0b6.6x8.8x0.3x
Fri, 05 Apr 2024US$250.7bUS$623.9bUS$29.5b7.6x8.5x0.4x
Sun, 03 Mar 2024US$208.1bUS$624.0bUS$29.5b6.4x7.1x0.3x
Tue, 30 Jan 2024US$212.1bUS$645.9bUS$33.7b5.3x6.3x0.3x
Thu, 28 Dec 2023US$204.5bUS$646.6bUS$35.5b5x5.8x0.3x
Sat, 25 Nov 2023US$192.0bUS$646.2bUS$35.5b4.9x5.4x0.3x
Mon, 23 Oct 2023US$198.5bUS$670.3bUS$40.0b4.7x5x0.3x
Wed, 20 Sep 2023US$208.2bUS$670.3bUS$40.0b4.7x5.2x0.3x
Fri, 18 Aug 2023US$195.0bUS$670.3bUS$40.0b4.6x4.9x0.3x
Price to Earnings Ratio

4.9x


Total Market Cap: US$195.0bTotal Earnings: US$40.0bTotal Revenue: US$670.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Refining and Marketing Industry Price to Earnings3Y Average 22.6x202420252026
Current Industry PE
  • Investors are pessimistic on the American Oil and Gas Refining and Marketing 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 11.1x which is lower than its 3-year average PE of 22.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.35x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Refining and Marketing industry have declined 12% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Oil and Gas Refining and Marketing compare with similar industries?

US Market2.74%
Energy-2.57%
Oil and Gas-3.03%
Oil and Gas Refining and Marketing-4.29%
Coal and Fuels8.20%
Oil and Gas Storage and Transportation-1.84%
Integrated Oil and Gas-2.74%
Oil and Gas Exploration and Production-4.59%
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
PSX Phillips 66US$215.524.5%
+US$3.3b		82.1%PE12.1x
VLO Valero EnergyUS$314.952.4%
+US$2.1b		139.0%PE12.6x
MPC Marathon PetroleumUS$320.324.3%
+US$320.5m		102.0%PE10.5x
CLMT CalumetUS$45.477.3%
+US$304.3m		242.7%PS0.9x
GEVO GevoUS$1.577.5%
+US$29.1m		25.6%PS2.1x

Latest News

AMTX
US$1.66
Aemetis
7D
9.2%
1Y
-37.1%
Seeking Alpha • 4h

Aemetis: Real Progress, But The Balance Sheet Is Still A Risk

Summary Aemetis has shown operational improvement in Q2 2026, with revenue up 20% to $62.7M and gross profit turning positive. AMTX benefited from $8.6M in Section 45Z tax credits and strong RNG segment growth, but earnings quality remains dependent on these credits. Balance sheet risk is significant: $1M cash versus $415M liabilities, ongoing dilution, and going concern uncertainty limit upside. My DCF fair value is $1.60/share, below market; despite catalysts like MVR, high debt and execution risk preclude a bullish rating. Read the full article on Seeking Alpha
GPRE
US$15.09
Green Plains
7D
-9.3%
1Y
70.8%
Analysis Article • Aug 09

Green Plains Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

There's been a notable change in appetite for Green Plains Inc. ( NASDAQ:GPRE ) shares in the week since its...
GEVO
US$1.57
Gevo
7D
7.5%
1Y
25.6%
Analysis Article • Aug 09

Gevo, Inc. (NASDAQ:GEVO) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

It's been a good week for Gevo, Inc. ( NASDAQ:GEVO ) shareholders, because the company has just released its latest...
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Clean Energy Fuels
7D
-13.4%
1Y
-21.8%
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World Kinect
7D
-5.2%
1Y
47.8%
SUNC
US$72.50
SunocoCorp
7D
-4.5%
1Y
n/a
CLMT
US$45.47
Calumet
7D
7.3%
1Y
242.7%
PSX
US$215.52
Phillips 66
7D
4.5%
1Y
82.1%
Analysis Article • Aug 08

Results: Phillips 66 Beat Earnings Expectations And Analysts Now Have New Forecasts

A week ago, Phillips 66 ( NYSE:PSX ) came out with a strong set of second-quarter numbers that could potentially lead...
PARR
US$71.67
Par Pacific Holdings
7D
-13.5%
1Y
163.2%
Seeking Alpha • Aug 08

Par Pacific Holdings: Recent Pullback Is A Textbook Buying Opportunity

Summary Par Pacific Holdings delivered a Q2 2026 net income surge of 678% YoY, driven by the Hawaii SAF facility launch and Montana asset maturity. PARR’s 22.47% operating margin and 15.6% net profit margin are unusually high for downstream oil, reflecting exceptional crack spreads and crude pricing. Technical analysis supports a bullish outlook, with a price target of $80—over 10% upside from current levels—despite a recent pullback below $71. Risks include exposure to regional market shocks, margin compression from lower crack spreads, and reliance on government renewable fuel credits. Read the full article on Seeking Alpha
VLO
US$314.95
Valero Energy
7D
2.4%
1Y
139.0%
Narrative Update • Aug 07

VLO: Elevated Refining Margins And Cracks Will Drive Future Downside Risk

Analysts have raised their fair value estimate for Valero Energy from about $202.68 to roughly $223.25 per share, citing higher price targets driven by stronger cash generation, tight global refining markets, and expectations for resilient refining margins as reflected in recent research updates. Analyst Commentary Recent Street research on Valero Energy highlights a wide range of price targets along with differing opinions on the stock's risk and reward profile.
MPC
US$320.32
Marathon Petroleum
7D
4.3%
1Y
102.0%
Seeking Alpha • Aug 07

Marathon Petroleum: Why Stock Plummeted After A Massive Beat

Summary Marathon Petroleum (MPC) delivered massive earnings, driven by exceptional crack spreads and global refining disruptions, despite a subsequent stock price decline. MPC management expects tight refining markets and elevated spreads to persist through 2027, supported by ongoing geopolitical conflicts and refinery outages. Q2 results included $8.5B EBITDA, $6.6B cash from operations, $2.8B shareholder returns, and 94% utilization, with Gulf Coast and West Coast regions achieving $27/barrel adjusted EBITDA. Renewables at Martinez showed a dramatic margin turnaround; management guides for 2.8M bpd throughput and $300M in upgrades to enhance crude flexibility. Read the full article on Seeking Alpha
PBF
US$66.29
PBF Energy
7D
-2.4%
1Y
202.7%
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7.6%
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6.6%