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U.S. Oil and Gas Industry Analysis

UpdatedJul 16, 2026
DataAggregated Company Financials
Companies345
  • 7D1.4%
  • 3M-0.07%
  • 1Y25.7%
  • YTD22.6%

Over the last 7 days, the Oil and Gas industry has risen 1.4%, driven by gains from ExxonMobil Holdings of 2.4%. In the last 12 months, the industry was up 26%. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Jul 2026US$2.6tUS$1.7tUS$116.0b13.6x22.5x1.5x
Sat, 13 Jun 2026US$2.6tUS$1.7tUS$116.0b13.8x22.1x1.5x
Mon, 11 May 2026US$2.5tUS$1.7tUS$116.0b14.2x21.9x1.5x
Wed, 08 Apr 2026US$2.8tUS$1.7tUS$122.4b15.7x22.5x1.6x
Fri, 06 Mar 2026US$2.6tUS$1.7tUS$122.3b15.4x21.1x1.5x
Sun, 01 Feb 2026US$2.4tUS$2.3tUS$153.9b13.7x15.3x1x
Tue, 30 Dec 2025US$2.1tUS$1.7tUS$117.8b13x17.8x1.2x
Thu, 27 Nov 2025US$2.1tUS$1.7tUS$116.2b13.3x17.9x1.2x
Sat, 25 Oct 2025US$2.1tUS$1.7tUS$117.2b12.8x18x1.2x
Mon, 22 Sep 2025US$2.1tUS$1.7tUS$115.9b13.2x18.2x1.2x
Wed, 20 Aug 2025US$2.0tUS$1.7tUS$116.2b12.8x17.5x1.2x
Fri, 18 Jul 2025US$2.1tUS$1.7tUS$122.6b12.3x17.1x1.2x
Sun, 15 Jun 2025US$2.1tUS$1.7tUS$122.2b12.9x17.5x1.2x
Tue, 13 May 2025US$2.0tUS$1.7tUS$123.0b11.9x16.2x1.1x
Thu, 10 Apr 2025US$1.8tUS$1.7tUS$130.3b11.6x14.1x1.1x
Sat, 08 Mar 2025US$2.0tUS$1.7tUS$130.7b12.3x15.6x1.2x
Mon, 03 Feb 2025US$2.2tUS$1.8tUS$143.8b12.2x15x1.2x
Wed, 01 Jan 2025US$2.0tUS$1.8tUS$144.8b11x14.1x1.2x
Fri, 29 Nov 2024US$2.2tUS$1.8tUS$145.0b11.5x15.5x1.3x
Sun, 27 Oct 2024US$2.1tUS$1.8tUS$158.7b10.5x13.4x1.2x
Tue, 24 Sep 2024US$2.1tUS$1.8tUS$157.8b10x13.2x1.2x
Thu, 22 Aug 2024US$2.1tUS$1.8tUS$157.8b10.2x13x1.1x
Sat, 20 Jul 2024US$2.1tUS$1.8tUS$162.1b11.3x13x1.2x
Mon, 17 Jun 2024US$2.0tUS$1.8tUS$162.2b10.4x12.2x1.1x
Wed, 15 May 2024US$2.1tUS$1.8tUS$161.2b10.6x13x1.2x
Fri, 12 Apr 2024US$2.2tUS$1.8tUS$192.6b10.1x11.6x1.2x
Sun, 10 Mar 2024US$2.0tUS$1.8tUS$193.6b8.6x10.5x1.1x
Tue, 06 Feb 2024US$1.9tUS$1.8tUS$206.1b7.7x9.3x1x
Thu, 04 Jan 2024US$2.1tUS$1.9tUS$230.1b7.9x9x1.1x
Sat, 02 Dec 2023US$2.0tUS$1.9tUS$230.4b7.8x8.8x1.1x
Mon, 30 Oct 2023US$2.0tUS$1.9tUS$240.0b6.6x8.4x1.1x
Wed, 27 Sep 2023US$2.1tUS$2.0tUS$261.4b6.5x8.2x1.1x
Fri, 25 Aug 2023US$2.0tUS$2.0tUS$261.2b6.5x7.8x1x
Sun, 23 Jul 2023US$2.0tUS$2.2tUS$307.2b5.9x6.5x0.9x
Price to Earnings Ratio

6.5x


Total Market Cap: US$2.0tTotal Earnings: US$307.2bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 14.8x202420252026
Current Industry PE
  • Investors are optimistic on the American Oil and Gas 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 14.8x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 28% 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 Trends

Which industries have driven the changes within the U.S. Energy industry?

US Market0.81%
Energy1.35%
Oil and Gas1.44%
Oil and Gas Refining and Marketing4.92%
Integrated Oil and Gas2.56%
Coal and Fuels1.11%
Oil and Gas Exploration and Production0.26%
Oil and Gas Storage and Transportation-0.69%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 39.6x.
    • Analysts are expecting annual earnings growth of 57.4%, which is higher than its past year's earnings decline of 27.4% per year.
  • Investors are most pessimistic about the Oil and Gas Storage and Transportation industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 15.1x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 57% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
XOM ExxonMobil HoldingsUS$144.512.4%
+US$14.0b		28.8%PE23.7x
CVX ChevronUS$181.603.2%
+US$11.1b		21.1%PE32.6x
MPC Marathon PetroleumUS$299.186.6%
+US$5.4b		73.6%PE18.9x
PSX Phillips 66US$196.164.4%
+US$3.3b		58.6%PE19.1x
VLO Valero EnergyUS$292.663.5%
+US$2.9b		104.4%PE20.7x

Latest News

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CVX
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1Y
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RRC: Cautious Gas Pricing And Storage Trends Will Shape Future Cash Returns

The analyst price target for Range Resources has been revised lower to $36.00. This reflects recent cuts to Street targets and more cautious assumptions on revenue growth, profit margins, and future P/E as analysts factor in softer natural gas pricing and mixed near term earnings expectations.
VLO
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Valero Energy
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VLO: Refining Margins And Cash Returns Will Shape Balanced Forward Prospects

Analysts have lifted their blended price target for Valero Energy to about $268 from roughly $259, citing expectations for constructive refining margins, supportive U.S. refining conditions and strong recent buyback activity. Analyst Commentary Recent research on Valero Energy highlights a mix of optimism around current earnings power and balance sheet flexibility, alongside caution about how long supportive refining conditions and elevated commodity prices might last.
XOM
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ExxonMobil Holdings
7D
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1Y
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