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U.S. Oil and Gas Industry Analysis

UpdatedNov 02, 2025
DataAggregated Company Financials
Companies345
  • 7D-0.3%
  • 3M0.7%
  • 1Y0.6%
  • YTD-2.3%

In the last week, Oil and Gas has been flat. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 03 Nov 2025US$2.1tUS$1.7tUS$117.5b12.9x17.6x1.2x
Wed, 01 Oct 2025US$2.2tUS$1.7tUS$115.8b13.6x18.6x1.3x
Fri, 29 Aug 2025US$2.1tUS$1.7tUS$116.5b13.3x18.2x1.3x
Sun, 27 Jul 2025US$2.1tUS$1.7tUS$121.3b12.5x17.3x1.2x
Tue, 24 Jun 2025US$2.1tUS$1.7tUS$122.2b12.4x17.3x1.2x
Thu, 22 May 2025US$2.0tUS$1.7tUS$122.2b11.7x16.6x1.2x
Sat, 19 Apr 2025US$2.0tUS$1.7tUS$130.3b11.4x15.1x1.1x
Mon, 17 Mar 2025US$2.1tUS$1.7tUS$130.7b12.7x16.3x1.2x
Wed, 12 Feb 2025US$2.2tUS$1.8tUS$142.3b11.6x15.5x1.3x
Fri, 10 Jan 2025US$2.1tUS$1.8tUS$144.9b11.5x14.7x1.2x
Sun, 08 Dec 2024US$2.2tUS$1.8tUS$145.0b10.9x14.9x1.2x
Tue, 05 Nov 2024US$2.1tUS$1.8tUS$150.1b10.5x13.9x1.2x
Thu, 03 Oct 2024US$2.1tUS$1.8tUS$160.5b10.9x12.9x1.2x
Sat, 31 Aug 2024US$2.1tUS$1.8tUS$157.8b10.3x13.3x1.2x
Mon, 29 Jul 2024US$2.1tUS$1.8tUS$160.3b10.9x12.9x1.2x
Wed, 26 Jun 2024US$2.1tUS$1.8tUS$162.1b11.1x12.7x1.2x
Fri, 24 May 2024US$2.1tUS$1.8tUS$160.9b10.5x12.8x1.2x
Sun, 21 Apr 2024US$2.2tUS$1.8tUS$192.7b9.4x11.3x1.2x
Tue, 19 Mar 2024US$2.1tUS$1.8tUS$193.2b8.5x10.9x1.2x
Thu, 15 Feb 2024US$1.9tUS$1.8tUS$204.7b8.1x9.4x1x
Sat, 13 Jan 2024US$2.0tUS$1.9tUS$230.1b7.8x8.7x1.1x
Mon, 11 Dec 2023US$2.0tUS$1.9tUS$230.3b7.8x8.5x1x
Wed, 08 Nov 2023US$2.0tUS$1.9tUS$234.2b6.9x8.7x1.1x
Fri, 06 Oct 2023US$2.0tUS$2.0tUS$261.6b6.3x7.8x1x
Sun, 03 Sep 2023US$2.1tUS$2.0tUS$261.4b6.7x8.1x1.1x
Tue, 01 Aug 2023US$2.1tUS$2.1tUS$285.8b6.2x7.3x1x
Thu, 29 Jun 2023US$1.9tUS$2.2tUS$307.3b5.4x6.3x0.9x
Sat, 27 May 2023US$1.9tUS$2.2tUS$307.5b5.3x6.2x0.9x
Mon, 24 Apr 2023US$2.0tUS$2.2tUS$273.8b5.9x7.3x0.9x
Wed, 22 Mar 2023US$1.9tUS$2.2tUS$275.3b5.9x7x0.9x
Fri, 17 Feb 2023US$2.1tUS$2.2tUS$267.0b6.8x7.8x0.9x
Sun, 15 Jan 2023US$2.1tUS$2.2tUS$254.1b7.2x8.4x1x
Tue, 13 Dec 2022US$2.0tUS$2.2tUS$254.2b7x8x0.9x
Thu, 10 Nov 2022US$2.1tUS$2.1tUS$248.3b8x8.5x1x
Price to Earnings Ratio

8.5x


Total Market Cap: US$2.1tTotal Earnings: US$248.3bTotal Revenue: US$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 11.8x202320242025
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 17.6x 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 22% per year over the last three years,
  • Revenues have also declined 7.2% 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 Market0.54%
Energy-0.12%
Oil and Gas-0.34%
Coal and Fuels0.87%
Oil and Gas Storage and Transportation-0.11%
Integrated Oil and Gas-0.15%
Oil and Gas Exploration and Production-0.75%
Oil and Gas Refining and Marketing-0.88%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 11.3x.
    • Analysts are expecting annual earnings growth of 51.8%, which is higher than its past year's earnings decline of 35.7% 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 52% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings grow by 9.5% 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
CVX ChevronUS$157.721.4%
+US$4.4b		3.0%PE25.1x
COP ConocoPhillipsUS$88.860.9%
+US$1.0b		-17.6%PE12.1x
KMI Kinder MorganUS$26.191.3%
+US$734.2m		8.3%PE21.5x
UEC Uranium EnergyUS$15.1310.8%
+US$710.2m		107.5%PS109.4x
WMB Williams CompaniesUS$57.870.7%
+US$476.3m		12.2%PE29.1x

Latest News

DINO
US$51.60
HF Sinclair
7D
-5.4%
1Y
33.3%
CVX
US$157.72
Chevron
7D
1.4%
1Y
3.0%
DTM
US$109.49
DT Midstream
7D
3.7%
1Y
23.1%

DTM: Successful Pipeline Expansion Will Drive Measured Opportunities Amid Competitive Risks

Analysts have increased their price target for DT Midstream by $0.72 to $115.42. They cite a positive outlook resulting from recent project successes and improved profit margins.
WMB
US$57.87
Williams Companies
7D
0.7%
1Y
12.2%

WMB: Expanding Infrastructure Will Capture Demand From Data Center Power Projects

Williams Companies' analyst price target has been modestly increased from $66.85 to $67.22. Analysts cite ongoing project contributions and sector-leading growth prospects as the basis for their upward revisions.
FRO
US$25.04
Frontline
7D
6.4%
1Y
29.1%

FRO: Winter Tanker Market And VLCC Fleet Will Support Earnings Momentum

Analysts have raised their price target for Frontline from $26.40 to $27.20. They cite greater profit margins and a stronger tanker market outlook heading into the winter season.
LNG
US$212.00
Cheniere Energy
7D
-3.5%
1Y
13.0%
XOM
US$114.36
Exxon Mobil
7D
-0.9%
1Y
-0.5%
AR
US$30.91
Antero Resources
7D
-5.4%
1Y
21.0%
KMI
US$26.19
Kinder Morgan
7D
1.3%
1Y
8.3%
COP
US$88.86
ConocoPhillips
7D
0.9%
1Y
-17.6%

Production Expansion And Capital Returns Will Drive Longer-Term Opportunity Despite Workforce Cuts

ConocoPhillips’ analyst price target has been revised downward by analysts, with the consensus fair value estimate dropping from $115.46 to $113.78 per share. This reflects tempered cash flow outlooks and shifting sector dynamics, despite resilient operational performance.
OKE
US$67.00
ONEOK
7D
-2.3%
1Y
-28.2%

Synergy Progress and Market Volatility Will Shape Midstream Expansion Ahead

ONEOK's fair value estimate has been lowered by analysts from $93.32 to $90.84 per share. This change reflects recent price target reductions, which are driven by a cautious outlook on synergy realization, evolving growth expectations, and continued macroeconomic uncertainty.
OXY
US$41.20
Occidental Petroleum
7D
-3.2%
1Y
-16.9%

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.
VG
US$8.57
Venture Global
7D
-9.7%
1Y
n/a
FANG
US$143.19
Diamondback Energy
7D
-1.8%
1Y
-18.6%

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.
UEC
US$15.13
Uranium Energy
7D
10.8%
1Y
107.5%
TPL
US$943.38
Texas Pacific Land
7D
1.6%
1Y
-19.5%