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

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies47
  • 7D3.6%
  • 3M7.8%
  • 1Y22.8%
  • YTDn/a

In the last week, the Oil and Gas Refining and Marketing industry is up 2.8%, with Marathon Petroleum up 5.0%. In the same time, Sky Quarry was down 45%. This takes the industry's 12 month performance to a gain of 22%. Earnings are forecast to grow by 20% 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
Thu, 15 Jan 2026US$202.3bUS$527.9bUS$5.1b22.8x40x0.4x
Sat, 13 Dec 2025US$205.1bUS$528.4bUS$5.1b20.6x39.9x0.4x
Mon, 10 Nov 2025US$205.3bUS$528.4bUS$5.2b20.4x39.7x0.4x
Wed, 08 Oct 2025US$195.1bUS$521.7bUS$2.6b24.8x73.8x0.4x
Fri, 05 Sep 2025US$185.7bUS$521.2bUS$2.6b25.5x71.2x0.4x
Sun, 03 Aug 2025US$168.4bUS$537.7bUS$2.5b20.9x66.9x0.3x
Tue, 01 Jul 2025US$170.4bUS$551.9bUS$3.3b23.7x52x0.3x
Thu, 29 May 2025US$164.1bUS$552.1bUS$3.3b20x49.4x0.3x
Sat, 26 Apr 2025US$144.3bUS$562.5bUS$6.0b16.3x24.1x0.3x
Mon, 24 Mar 2025US$164.4bUS$565.6bUS$7.9b13.6x20.8x0.3x
Wed, 19 Feb 2025US$172.1bUS$577.5bUS$8.9b11.5x19.4x0.3x
Fri, 17 Jan 2025US$169.9bUS$592.5bUS$12.1b12x14.1x0.3x
Sun, 15 Dec 2024US$166.0bUS$592.7bUS$12.1b10.8x13.8x0.3x
Tue, 12 Nov 2024US$173.6bUS$592.6bUS$12.1b12.1x14.3x0.3x
Thu, 10 Oct 2024US$182.9bUS$617.7bUS$21.9b7.6x8.4x0.3x
Sat, 07 Sep 2024US$182.2bUS$617.7bUS$21.9b7.5x8.3x0.3x
Mon, 05 Aug 2024US$190.6bUS$616.7bUS$22.2b7.4x8.6x0.3x
Wed, 03 Jul 2024US$205.3bUS$614.6bUS$25.4b6.9x8.1x0.3x
Fri, 31 May 2024US$200.7bUS$614.6bUS$25.4b6.9x7.9x0.3x
Sun, 28 Apr 2024US$227.0bUS$619.5bUS$26.5b7x8.6x0.4x
Tue, 26 Mar 2024US$235.9bUS$623.9bUS$29.5b7.3x8x0.4x
Thu, 22 Feb 2024US$204.5bUS$633.2bUS$30.2b6x6.8x0.3x
Sat, 20 Jan 2024US$198.6bUS$646.6bUS$35.5b4.8x5.6x0.3x
Mon, 18 Dec 2023US$199.5bUS$646.6bUS$35.5b5x5.6x0.3x
Wed, 15 Nov 2023US$188.2bUS$646.3bUS$35.5b5x5.3x0.3x
Fri, 13 Oct 2023US$196.3bUS$670.3bUS$40.0b4.7x4.9x0.3x
Sun, 10 Sep 2023US$209.9bUS$670.3bUS$40.0b4.7x5.2x0.3x
Tue, 08 Aug 2023US$193.8bUS$671.7bUS$40.2b4.6x4.8x0.3x
Thu, 06 Jul 2023US$174.2bUS$739.2bUS$49.4b4.7x3.5x0.2x
Sat, 03 Jun 2023US$167.2bUS$739.2bUS$49.5b4.5x3.4x0.2x
Mon, 01 May 2023US$178.4bUS$745.1bUS$45.1b4.8x4x0.2x
Wed, 29 Mar 2023US$194.5bUS$746.6bUS$44.4b4.9x4.4x0.3x
Fri, 24 Feb 2023US$197.4bUS$742.4bUS$43.9b6.5x4.5x0.3x
Sun, 22 Jan 2023US$207.7bUS$714.2bUS$38.1b5.9x5.4x0.3x
Price to Earnings Ratio

5.4x


Total Market Cap: US$207.7bTotal Earnings: US$38.1bTotal Revenue: US$714.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Refining and Marketing Industry Price to Earnings3Y Average 19.2x202420252026
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 39.9x which is higher than its 3-year average PE of 19.2x.
  • 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 49% per year over the last three years,
  • Revenues have also declined 9.6% 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 Market0.18%
Energy6.44%
Oil and Gas6.39%
Oil and Gas Refining and Marketing3.63%
Integrated Oil and Gas9.01%
Coal and Fuels6.35%
Oil and Gas Exploration and Production5.76%
Oil and Gas Storage and Transportation3.87%
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
MPC Marathon PetroleumUS$181.095.0%
+US$2.6b		19.2%PE18.9x
PSX Phillips 66US$141.392.5%
+US$1.4b		18.8%PE38.1x
VLO Valero EnergyUS$186.511.4%
+US$808.3m		35.2%PE38.2x
PBF PBF EnergyUS$32.4214.8%
+US$484.2m		3.5%PS0.1x
DINO HF SinclairUS$50.575.0%
+US$439.6m		36.2%PE23.8x

Latest News

SUNC
US$54.23
SunocoCorp
7D
6.3%
1Y
n/a
GPRE
US$11.18
Green Plains
7D
16.8%
1Y
15.9%

Green Plains Inc. (NASDAQ:GPRE) Might Not Be As Mispriced As It Looks

Jan 13
Green Plains Inc. (NASDAQ:GPRE) Might Not Be As Mispriced As It Looks
SKYQ
US$0.38
Sky Quarry
7D
-45.1%
1Y
-69.0%
PSX
US$141.39
Phillips 66
7D
2.5%
1Y
18.8%

PSX: Future Cash Flows Will Reflect Cash Returns And Refining Margin Support

Analysts have made only a modest adjustment to their Phillips 66 fair value estimate, lifting it by about $0.45, as they weigh slightly softer revenue expectations against a small improvement in projected profit margin, a lower discount rate, and a marginally reduced future P/E multiple, all in the context of mixed recent price target changes across the Street. Analyst Commentary Recent Street commentary on Phillips 66 reflects a mix of optimism around cash returns and refining fundamentals, balanced against concerns about sector sentiment and crude price risks.
VLO
US$186.51
Valero Energy
7D
1.4%
1Y
35.2%

VLO: Complex Refining Margins And Capital Returns Will Offset Bearish Crude Sentiment

Analysts have inched their price expectations for Valero higher, with the fair value estimate moving from about $185.78 to $187.11. This reflects updated views that factor in recent price target changes, a slightly higher future P/E assumption, and ongoing support from refining market conditions highlighted in recent research.
DINO
US$50.57
HF Sinclair
7D
5.0%
1Y
36.2%
LODE
US$3.85
Comstock
7D
-3.0%
1Y
28.3%

LODE: Debt Elimination Positions First Metal Recycling Facility For Future Execution

Narrative Update on Comstock Analysts have raised their 12 month price target for Comstock to US$6.75, citing the completed equity offering, elimination of debt obligations, and expected funding for Comstock Metals' first commercial scale metal recycling facility as key reasons for the shift in outlook. Analyst Commentary Recent research has focused on how Comstock's cleaner balance sheet and planned metal recycling facility could influence execution risk and potential valuation over the coming year.
MPC
US$181.09
Marathon Petroleum
7D
5.0%
1Y
19.2%

MPC: Capital Returns And Refining Execution Will Support Future Upside

Narrative Update: Marathon Petroleum Analyst Price Target Shift The updated analyst price target for Marathon Petroleum moves slightly lower to about US$200 from roughly US$201, as analysts fine tune their models around commodity assumptions, refining asset optimization, and the role of midstream investments and capital returns in the overall valuation. Analyst Commentary Recent research updates on Marathon Petroleum cluster around refiners and integrated oil coverage, with analysts fine tuning targets and ratings as they refresh commodity and margin assumptions.
PBF
US$32.42
PBF Energy
7D
14.8%
1Y
3.5%

PBF: Martinez Restart And 4Q25 Insurance Tranche Will Reshape Cash Profile

Analysts have trimmed their fair value estimate for PBF Energy to about $40 from roughly $42, reflecting updated assumptions on discount rate, revenue growth, profit margins, and a higher future P/E. Recent Street research price target increases highlight differing views on the impact of the Martinez refinery restart and related insurance proceeds.
PARR
US$38.36
Par Pacific Holdings
7D
6.7%
1Y
108.5%

PARR: Future Share Buybacks Will Support Cash Returns Despite Softer Outlook

Analysts have trimmed their price target for Par Pacific Holdings to about US$60.53 from roughly US$61.73, reflecting updated views on fair value, discount rate and profit assumptions in their models. What's in the News Par Pacific Holdings repurchased 515,523 shares from July 1, 2025 to September 30, 2025, for US$16.28 million, representing 1.02% of its shares.