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U.S. Oil and Gas Industry Analysis

UpdatedMay 01, 2026
DataAggregated Company Financials
Companies346
  • 7D4.2%
  • 3M15.7%
  • 1Y41.1%
  • YTD28.2%

In the last week, the Oil and Gas industry is up 4.2%, with Exxon Mobil up 2.5%. In the last 12 months, the industry was up 41%. As for the next few years, earnings are expected to grow by 8.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 May 2026US$2.7tUS$1.7tUS$126.3b15.1x21.3x1.6x
Sun, 29 Mar 2026US$2.9tUS$1.7tUS$122.4b16.8x23.6x1.7x
Tue, 24 Feb 2026US$2.5tUS$1.7tUS$122.2b14.1x20.5x1.5x
Thu, 22 Jan 2026US$2.2tUS$1.7tUS$117.7b13.5x18.8x1.3x
Sat, 20 Dec 2025US$2.1tUS$1.7tUS$117.8b12.8x17.5x1.2x
Mon, 17 Nov 2025US$2.2tUS$1.7tUS$116.7b14.2x18.4x1.3x
Wed, 15 Oct 2025US$2.1tUS$1.7tUS$115.9b13.1x17.8x1.2x
Fri, 12 Sep 2025US$2.1tUS$1.7tUS$115.8b12.9x18.3x1.3x
Sun, 10 Aug 2025US$2.0tUS$1.7tUS$116.0b13.2x17.6x1.2x
Tue, 08 Jul 2025US$2.1tUS$1.7tUS$122.4b12.3x17.3x1.2x
Thu, 05 Jun 2025US$2.0tUS$1.7tUS$122.2b12.1x16.6x1.2x
Sat, 03 May 2025US$2.0tUS$1.7tUS$125.9b11.7x15.6x1.1x
Mon, 31 Mar 2025US$2.2tUS$1.7tUS$130.4b12.9x16.9x1.3x
Wed, 26 Feb 2025US$2.2tUS$1.7tUS$137.0b12.5x15.9x1.2x
Fri, 24 Jan 2025US$2.3tUS$1.8tUS$145.7b12.1x15.6x1.3x
Sun, 22 Dec 2024US$2.0tUS$1.8tUS$144.8b10.9x13.9x1.1x
Tue, 19 Nov 2024US$2.2tUS$1.8tUS$146.3b11.7x15.1x1.3x
Thu, 17 Oct 2024US$2.1tUS$1.8tUS$161.0b10.7x13.2x1.2x
Sat, 14 Sep 2024US$2.0tUS$1.8tUS$157.8b9.9x12.6x1.1x
Mon, 12 Aug 2024US$2.1tUS$1.8tUS$157.9b10.2x13.1x1.1x
Wed, 10 Jul 2024US$2.0tUS$1.8tUS$162.2b10.4x12.6x1.1x
Fri, 07 Jun 2024US$2.0tUS$1.8tUS$162.4b10.7x12.5x1.1x
Sun, 05 May 2024US$2.1tUS$1.8tUS$163.8b10x12.6x1.2x
Tue, 02 Apr 2024US$2.2tUS$1.8tUS$193.2b9.6x11.3x1.2x
Thu, 29 Feb 2024US$2.0tUS$1.8tUS$194.7b8.7x10.2x1.1x
Sat, 27 Jan 2024US$2.0tUS$1.9tUS$227.5b7.9x8.9x1.1x
Mon, 25 Dec 2023US$2.0tUS$1.9tUS$230.1b7.8x8.9x1.1x
Wed, 22 Nov 2023US$2.0tUS$1.9tUS$230.5b7.9x8.8x1.1x
Fri, 20 Oct 2023US$2.2tUS$2.0tUS$261.5b6.6x8.3x1.1x
Sun, 17 Sep 2023US$2.1tUS$2.0tUS$261.4b6.7x8.2x1.1x
Tue, 15 Aug 2023US$2.1tUS$2.0tUS$261.5b6.8x8x1x
Thu, 13 Jul 2023US$2.0tUS$2.2tUS$307.3b5.6x6.5x0.9x
Sat, 10 Jun 2023US$1.9tUS$2.2tUS$307.3b5.4x6.3x0.9x
Mon, 08 May 2023US$1.9tUS$2.2tUS$309.9b5.4x6.2x0.9x
Price to Earnings Ratio

6.2x


Total Market Cap: US$1.9tTotal Earnings: US$309.9bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 13.7x202420252026
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 21.3x which is higher than its 3-year average PE of 13.7x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 26% per year over the last three years,
  • Revenues have also declined 8.5% 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 Market0.59%
Energy4.18%
Oil and Gas4.19%
Oil and Gas Refining and Marketing10.11%
Oil and Gas Storage and Transportation5.07%
Oil and Gas Exploration and Production3.54%
Integrated Oil and Gas2.83%
Coal and Fuels0.13%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 25.2x.
    • Analysts are expecting annual earnings growth of 52.3%, which is higher than its past year's earnings decline of 11.4% 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 12.2x.
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 11% per year.
  • In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings grow by 2.1% 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$154.332.5%
+US$15.8b		45.9%PE22.2x
CVX ChevronUS$193.313.0%
+US$11.4b		41.9%PE31.3x
MPC Marathon PetroleumUS$248.2912.3%
+US$8.0b		80.3%PE18.1x
PSX Phillips 66US$179.1512.3%
+US$7.9b		73.2%PE17.5x
WMB Williams CompaniesUS$76.316.5%
+US$5.7b		29.8%PE35.7x

Latest News

VLO
US$252.58
Valero Energy
7D
8.0%
1Y
119.9%
PSX
US$179.15
Phillips 66
7D
12.3%
1Y
73.2%
MPC
US$248.29
Marathon Petroleum
7D
12.3%
1Y
80.3%

Marathon Petroleum: Earnings Next Week To Reflect Recent Tailwinds

Apr 30
LNG
US$274.95
Cheniere Energy
7D
6.9%
1Y
19.3%

LNG: Future Returns Will Reflect Gulf Supply Disruptions And Expanded Buyback Program

Analysts have made only a small upward adjustment to the fair value estimate for Cheniere Energy to $303, reflecting Street research that points to modestly higher revenue growth expectations, a slightly richer future P/E multiple, and continued confidence in the company’s long term commercial momentum despite mixed recent price target changes. Analyst Commentary Recent Street research on Cheniere Energy reflects a generally constructive tone on the company, with most price target moves skewed higher and only a few more cautious voices pulling back or downgrading.
GLND
US$3.06
Greenland Energy
7D
-58.1%
1Y
n/a
WMB
US$76.31
Williams Companies
7D
6.5%
1Y
29.8%
PNRG
US$221.59
PrimeEnergy Resources
7D
-5.4%
1Y
29.2%
XOM
US$154.33
Exxon Mobil
7D
2.5%
1Y
45.9%

Exxon Mobil's Earnings Might Change The Game (Preview)

Apr 27
LEU
US$210.96
Centrus Energy
7D
-3.9%
1Y
196.8%
CLNE
US$2.30
Clean Energy Fuels
7D
-3.8%
1Y
55.4%
TRGP
US$260.08
Targa Resources
7D
8.4%
1Y
60.2%

TRGP: Permian Buildout And Higher 2026 Capex Will Support Dividend Outlook

Analysts have nudged the fair value estimate for Targa Resources higher, lifting the implied price target by about $4 to $264. This move is supported by a series of recent target increases that reflect updated growth projects, higher long term multiples and refined EBITDA forecasts across the Street.
BTU
US$26.66
Peabody Energy
7D
-2.6%
1Y
114.8%

BTU: Easing Coal Rules And Supportive Policy Will Shape Future Earnings Power

Analysts have trimmed the implied fair value for Peabody Energy from about $35.50 to roughly $33.78, reflecting recent reductions in Street price targets, as well as updated assumptions for profit margin, revenue growth and future P/E levels. Analyst Commentary Recent Street research on Peabody Energy has been mixed, with several price target revisions in both directions over the past few months.
NUAI
US$3.94
New Era Energy & Digital
7D
-7.7%
1Y
305.7%
CVX
US$193.31
Chevron
7D
3.0%
1Y
41.9%

CVX: Firmer Long Term Oil Prices Will Drive Future Cash Returns

Chevron's updated analyst price target has shifted from $203.00 to $213.29 as analysts factor in higher projected revenue growth, slightly better profit margins, and a modestly lower future P/E, supported by a series of recent upgrades and price target increases tied to expectations for firmer long term oil prices. Analyst Commentary Recent research commentary on Chevron clusters around oil price expectations, cash flow potential, and the company’s ability to execute on its project pipeline while maintaining shareholder returns.
UEC
US$14.89
Uranium Energy
7D
-0.4%
1Y
182.5%
NUCL
US$11.35
Eagle Nuclear Energy
7D
-14.1%
1Y
-2.7%