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U.S. Oil and Gas Industry Analysis

UpdatedOct 27, 2025
DataAggregated Company Financials
Companies344
  • 7D1.1%
  • 3M-2.2%
  • 1Y-0.6%
  • YTD-1.9%

Over the last 7 days, the Oil and Gas industry has risen 1.1%, driven by gains from Exxon Mobil of 2.4%. In the same time, Williams Companies was down 8.8%. Overall in the last year, the industry is flat. 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
Mon, 27 Oct 2025US$2.1tUS$1.7tUS$117.2b12.8x17.8x1.2x
Wed, 24 Sep 2025US$2.1tUS$1.7tUS$115.9b13.4x18.2x1.2x
Fri, 22 Aug 2025US$2.0tUS$1.7tUS$116.2b12.9x17.6x1.2x
Sun, 20 Jul 2025US$2.0tUS$1.7tUS$120.3b12.2x16.9x1.2x
Tue, 17 Jun 2025US$2.1tUS$1.7tUS$122.2b13x17.5x1.2x
Thu, 15 May 2025US$2.1tUS$1.7tUS$122.8b12.2x16.9x1.2x
Sat, 12 Apr 2025US$1.9tUS$1.7tUS$130.3b11.4x14.2x1.1x
Mon, 10 Mar 2025US$2.1tUS$1.7tUS$130.7b12.3x15.8x1.2x
Wed, 05 Feb 2025US$2.2tUS$1.8tUS$142.8b12.2x15.2x1.2x
Fri, 03 Jan 2025US$2.1tUS$1.8tUS$144.8b11.1x14.3x1.2x
Sun, 01 Dec 2024US$2.3tUS$1.8tUS$145.0b11.6x15.6x1.3x
Tue, 29 Oct 2024US$2.1tUS$1.8tUS$158.6b10.6x13.4x1.2x
Thu, 26 Sep 2024US$2.1tUS$1.8tUS$157.8b10x13.3x1.2x
Sat, 24 Aug 2024US$2.1tUS$1.8tUS$157.8b10.4x13x1.1x
Mon, 22 Jul 2024US$2.1tUS$1.8tUS$162.1b11.2x12.9x1.2x
Wed, 19 Jun 2024US$2.0tUS$1.8tUS$162.2b10.5x12.2x1.1x
Fri, 17 May 2024US$2.1tUS$1.8tUS$161.2b10.6x13x1.2x
Sun, 14 Apr 2024US$2.2tUS$1.8tUS$192.6b10.1x11.6x1.2x
Tue, 12 Mar 2024US$2.0tUS$1.8tUS$193.6b8.5x10.6x1.1x
Thu, 08 Feb 2024US$1.9tUS$1.8tUS$206.1b7.9x9.3x1x
Sat, 06 Jan 2024US$2.0tUS$1.9tUS$230.1b7.8x8.9x1.1x
Mon, 04 Dec 2023US$2.0tUS$1.9tUS$230.4b7.9x8.8x1.1x
Wed, 01 Nov 2023US$2.0tUS$1.9tUS$239.2b6.6x8.5x1.1x
Fri, 29 Sep 2023US$2.2tUS$2.0tUS$261.5b6.7x8.3x1.1x
Sun, 27 Aug 2023US$2.1tUS$2.0tUS$261.4b6.5x7.9x1x
Tue, 25 Jul 2023US$2.0tUS$2.2tUS$307.2b5.9x6.6x0.9x
Thu, 22 Jun 2023US$1.9tUS$2.2tUS$307.3b5.4x6.2x0.9x
Sat, 20 May 2023US$1.9tUS$2.2tUS$307.4b5.3x6.3x0.9x
Mon, 17 Apr 2023US$2.1tUS$2.2tUS$273.8b6.2x7.5x0.9x
Wed, 15 Mar 2023US$1.9tUS$2.2tUS$274.9b5.8x7x0.9x
Fri, 10 Feb 2023US$2.1tUS$2.2tUS$267.8b6.5x7.7x0.9x
Sun, 08 Jan 2023US$2.1tUS$2.2tUS$254.2b6.8x8.1x1x
Tue, 06 Dec 2022US$2.1tUS$2.2tUS$254.2b7.3x8.2x1x
Thu, 03 Nov 2022US$2.1tUS$2.1tUS$230.5b8.6x9.3x1x
Price to Earnings Ratio

9.3x


Total Market Cap: US$2.1tTotal Earnings: US$230.5bTotal Revenue: US$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 11.7x202320242025
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 17.8x which is higher than its 3-year average PE of 11.7x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 20% per year over the last three years,
  • Revenues have also declined 6.6% 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 Market1.01%
Energy1.71%
Oil and Gas1.06%
Oil and Gas Refining and Marketing5.98%
Integrated Oil and Gas1.82%
Oil and Gas Exploration and Production0.94%
Oil and Gas Storage and Transportation-1.32%
Coal and Fuels-7.05%
Industry PE
  • Investors are most optimistic about the Oil and Gas Refining and Marketing industry which is trading above its 3-year average PE ratio of 16.6x.
    • Analysts are expecting annual earnings growth of 24.4%, which is higher than its past year's earnings decline of 59.5% per year.
  • Investors are most pessimistic about the Oil and Gas Exploration and Production industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 55% per year.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings grow by 8.4% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
XOM Exxon MobilUS$115.392.4%
+US$11.5b		-3.0%PE15.9x
MPC Marathon PetroleumUS$196.225.3%
+US$3.0b		29.9%PE28x
VLO Valero EnergyUS$171.056.8%
+US$2.4b		29.3%PE35x
CVX ChevronUS$155.560.7%
+US$2.2b		3.3%PE23x
PSX Phillips 66US$134.983.6%
+US$1.9b		4.7%PE31.9x

Latest News

MPC
US$196.22
Marathon Petroleum
7D
5.3%
1Y
29.9%

Refining Margins And Capital Returns Will Drive Outperformance Amid Market Volatility

Analysts have increased their average price target for Marathon Petroleum from $192.17 to $196.11. This change is attributed to resilient refining margins, ongoing sector tailwinds, and the company's strong position in capital returns amid a volatile oil market environment.
KMI
US$25.86
Kinder Morgan
7D
-6.0%
1Y
4.3%
OXY
US$42.57
Occidental Petroleum
7D
3.8%
1Y
-15.9%

Balance Sheet Improvement And Cash Returns Will Shape Future Resilience

Occidental Petroleum's average analyst price target saw a slight decrease to approximately $50.48 from $51.55. Analysts reflect cautious optimism amid recent business divestitures, updated commodity price projections, and a reassessment of growth and margin expectations.
VLO
US$171.05
Valero Energy
7D
6.8%
1Y
29.3%
PSX
US$134.98
Phillips 66
7D
3.6%
1Y
4.7%
CNR
US$83.06
Core Natural Resources
7D
-9.4%
1Y
-24.0%
MTDR
US$39.31
Matador Resources
7D
-9.4%
1Y
-22.4%
WMB
US$57.48
Williams Companies
7D
-8.8%
1Y
9.9%
EQT
US$53.70
EQT
7D
-4.9%
1Y
43.9%
FANG
US$145.86
Diamondback Energy
7D
3.3%
1Y
-18.1%

Analyst Views Mixed as Diamondback Energy Faces Headwinds and Modest Valuation Revisions

The average analyst price target for Diamondback Energy has edged slightly lower, declining by about $2 to approximately $179 per share. Analysts cite softer gas and NGL realizations as well as macro uncertainty while maintaining generally positive outlooks for the company’s operational profile.
DTM
US$105.61
DT Midstream
7D
-4.0%
1Y
20.8%

North American LNG And Modernization Will Shape Energy Future

Analysts have raised their price target on DT Midstream from $115 to $128, citing positive momentum following the successful Guardian expansion open season and continued confidence in the company's growth prospects. Analyst Commentary Bullish and bearish analysts have weighed in on DT Midstream, sharing their views on the company’s prospects and potential challenges in light of the recent price target adjustment.
XOM
US$115.39
Exxon Mobil
7D
2.4%
1Y
-3.0%

Guyana And Permian Growth Will Expand Global Energy Solutions

Exxon Mobil's analyst price target has increased modestly from $124.79 to $126.16 per share. Analysts cite sector return-of-capital strategies and resilient earnings growth as supportive factors, despite mixed industry signals.
EXE
US$103.77
Expand Energy
7D
-2.9%
1Y
21.7%
UEC
US$13.66
Uranium Energy
7D
-9.7%
1Y
70.1%
COP
US$88.03
ConocoPhillips
7D
1.1%
1Y
-14.7%

Strong Global Energy Demand And LNG Projects Will Drive Future Momentum

Analysts have adjusted their price targets for ConocoPhillips slightly downward, with the updated consensus reflecting a modest decrease of around $1 to $115. This adjustment comes as analysts expect steady operational performance in the upcoming quarter but acknowledge headwinds from softer gas and NGL markets as well as mixed outlooks on cash flow and production growth.
CVX
US$155.56
Chevron
7D
0.7%
1Y
3.3%