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

UpdatedOct 01, 2025
DataAggregated Company Financials
Companies40
  • 7D0.9%
  • 3M12.0%
  • 1Y12.5%
  • YTDn/a

In the last week, the Oil and Gas Refining and Marketing industry is flat overall, with PBF Energy standing out by going down 4.9%. As for the the longer term, the industry is up 12% over the past 12 months. Earnings are forecast to grow by 27% 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
Wed, 01 Oct 2025US$200.1bUS$521.5bUS$2.6b26x77x0.4x
Fri, 29 Aug 2025US$184.3bUS$521.2bUS$2.6b25.6x70.7x0.4x
Sun, 27 Jul 2025US$177.0bUS$542.1bUS$3.0b25.7x59.2x0.3x
Tue, 24 Jun 2025US$171.5bUS$552.1bUS$3.3b21x51.7x0.3x
Thu, 22 May 2025US$166.6bUS$552.1bUS$3.3b19.8x50.1x0.3x
Sat, 19 Apr 2025US$137.3bUS$565.5bUS$7.9b12.1x17.4x0.2x
Mon, 17 Mar 2025US$161.3bUS$565.6bUS$7.9b12.8x20.4x0.3x
Wed, 12 Feb 2025US$170.9bUS$579.3bUS$9.3b11.6x18.4x0.3x
Fri, 10 Jan 2025US$160.2bUS$592.5bUS$12.1b11.1x13.3x0.3x
Sun, 08 Dec 2024US$171.5bUS$592.7bUS$12.1b10.7x14.2x0.3x
Tue, 05 Nov 2024US$165.1bUS$601.3bUS$15.4b10.1x10.7x0.3x
Thu, 03 Oct 2024US$183.2bUS$617.7bUS$21.9b7.6x8.4x0.3x
Sat, 31 Aug 2024US$191.3bUS$617.7bUS$21.9b7.9x8.7x0.3x
Mon, 29 Jul 2024US$203.2bUS$614.3bUS$24.4b7x8.3x0.3x
Wed, 26 Jun 2024US$201.6bUS$614.6bUS$25.4b6.9x7.9x0.3x
Fri, 24 May 2024US$209.6bUS$614.6bUS$24.0b7x8.7x0.3x
Sun, 21 Apr 2024US$227.2bUS$624.2bUS$29.6b6.6x7.7x0.4x
Tue, 19 Mar 2024US$230.3bUS$623.9bUS$29.5b7.2x7.8x0.4x
Thu, 15 Feb 2024US$211.0bUS$635.3bUS$31.0b5.7x6.8x0.3x
Sat, 13 Jan 2024US$204.8bUS$646.6bUS$35.5b5.2x5.8x0.3x
Mon, 11 Dec 2023US$190.9bUS$646.6bUS$35.5b4.7x5.4x0.3x
Wed, 08 Nov 2023US$192.0bUS$646.7bUS$35.3b4.8x5.4x0.3x
Fri, 06 Oct 2023US$190.7bUS$670.3bUS$40.0b4.7x4.8x0.3x
Sun, 03 Sep 2023US$200.1bUS$670.3bUS$40.0b4.7x5x0.3x
Tue, 01 Aug 2023US$195.7bUS$715.7bUS$46.7b5.2x4.2x0.3x
Thu, 29 Jun 2023US$171.7bUS$739.2bUS$49.4b4.7x3.5x0.2x
Sat, 27 May 2023US$167.4bUS$739.2bUS$49.5b4.4x3.4x0.2x
Mon, 24 Apr 2023US$182.5bUS$747.1bUS$43.0b4.8x4.2x0.2x
Wed, 22 Mar 2023US$190.3bUS$746.6bUS$44.4b4.7x4.3x0.3x
Fri, 17 Feb 2023US$202.1bUS$738.7bUS$43.3b6.4x4.7x0.3x
Sun, 15 Jan 2023US$200.0bUS$714.2bUS$38.1b5.6x5.2x0.3x
Tue, 13 Dec 2022US$187.0bUS$714.2bUS$38.1b5x4.9x0.3x
Thu, 10 Nov 2022US$197.1bUS$698.8bUS$33.2b6.5x5.9x0.3x
Sat, 08 Oct 2022US$183.3bUS$644.4bUS$25.2b7.2x7.3x0.3x
Price to Earnings Ratio

7.3x


Total Market Cap: US$183.3bTotal Earnings: US$25.2bTotal Revenue: US$644.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Refining and Marketing Industry Price to Earnings3Y Average 15.1x202320242025
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 77.0x which is higher than its 3-year average PE of 15.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.30x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Refining and Marketing industry have declined 53% per year over the last three years,
  • Revenues have also declined 6.8% 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 Market0.22%
Energy-0.18%
Oil and Gas-0.15%
Oil and Gas Refining and Marketing0.92%
Coal and Fuels3.16%
Oil and Gas Storage and Transportation0.31%
Oil and Gas Exploration and Production0.22%
Integrated Oil and Gas-1.01%
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$136.022.8%
+US$1.5b		2.3%PE32.2x
MPC Marathon PetroleumUS$192.741.0%
+US$568.5m		16.2%PE27.5x
CVI CVR EnergyUS$36.483.3%
+US$117.6m		55.2%PS0.5x
SKYQ Sky QuarryUS$0.6238.9%
+US$4.0m		n/aPS0.7x
FF FutureFuelUS$3.880.8%
+US$1.3m		-31.6%PS1x

Latest News

SKYQ
US$0.62
Sky Quarry
7D
38.9%
1Y
n/a
PBF
US$30.17
PBF Energy
7D
-4.9%
1Y
-3.8%
FF
US$3.88
FutureFuel
7D
0.8%
1Y
-31.6%
MPC
US$192.74
Marathon Petroleum
7D
1.0%
1Y
16.2%

US Refining Investments Will Secure Future Market Opportunities

Marathon Petroleum's fair value estimate has risen to $189.17 as analysts anticipate continued robust refining margins driven by persistent supply tightness, strong margin capture, and positive sector tailwinds, though some caution over valuation following recent outperformance. Analyst Commentary Bullish analysts cite robust refining margins and strong margin capture, with recent quarters outperforming expectations and margin strength persisting despite calls for a decline.
CVI
US$36.48
CVR Energy
7D
3.3%
1Y
55.2%

Coffeyville Recovery And Renewables Will Improve Operational Efficiency

Despite a notable decline in projected revenue growth, a significant improvement in net profit margin has led analysts to raise CVR Energy’s consensus price target from $24.00 to $25.67. What's in the News CEO Dave Lamp to retire effective December 31, 2025; Mark A.
GPRE
US$8.79
Green Plains
7D
-5.1%
1Y
-32.7%
DINO
US$52.34
HF Sinclair
7D
-0.9%
1Y
18.3%
VLO
US$170.26
Valero Energy
7D
-0.08%
1Y
23.9%

St Charles SEC Unit Will Yield High-Value Products

Valero Energy’s consensus price target has been raised to $166.06 as analysts cite persistent refining margin strength, resilient product markets, and strong recent earnings, despite some valuation concerns following recent outperformance. Analyst Commentary Bullish analysts highlight persistent global refining margin strength, with product markets remaining tight and defying expectations of a decline.
PSX
US$136.02
Phillips 66
7D
2.8%
1Y
2.3%

NGL, Midstream And Refining Upgrades Will Shape Future Success

Consensus price targets for Phillips 66 have increased to $139.84, reflecting analyst confidence in persistent refining margin strength, strong recent results, and upside from chemicals, while near-term risks from potential activist exits and sector pullbacks are noted. Analyst Commentary Bullish analysts cite persistent strength in refining margins, with global product markets remaining relatively tight and distillate tightness expected to continue into winter, supporting a higher margin risk well into 2026.
DK
US$32.27
Delek US Holdings
7D
-2.3%
1Y
71.6%

Enterprise Optimization And Midstream Investment Will Strengthen US Refining

The upward revision in Delek US Holdings' price target reflects improved sentiment driven by slightly better consensus revenue growth and a higher projected future P/E, raising the fair value estimate from $24.92 to $28.46. What's in the News Repurchased 1,027,395 shares for $20.83 million; total buyback under current program is 20,528,002 shares (29.36%) for $579.05 million.
PARR
US$35.42
Par Pacific Holdings
7D
-4.9%
1Y
102.1%
WKC
US$25.95
World Kinect
7D
-2.0%
1Y
-15.7%
GEVO
US$1.96
Gevo
7D
-4.9%
1Y
29.8%
REX
US$30.62
REX American Resources
7D
0.1%
1Y
34.1%