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U.S. Oil and Gas Industry Analysis

UpdatedApr 27, 2026
DataAggregated Company Financials
Companies346
  • 7D2.3%
  • 3M13.8%
  • 1Y31.2%
  • YTD22.1%

In the last week, the Oil and Gas industry is up 2.6%, with Exxon Mobil up 1.7%. In the last 12 months, the industry was up 32%. As for the next few years, earnings are expected to grow by 9.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Apr 2026US$2.6tUS$1.7tUS$125.4b14.9x20.7x1.5x
Wed, 25 Mar 2026US$2.8tUS$1.7tUS$122.3b16x22.5x1.6x
Fri, 20 Feb 2026US$2.5tUS$1.7tUS$122.4b14.6x20.4x1.5x
Sun, 18 Jan 2026US$2.2tUS$1.7tUS$117.7b13.7x18.9x1.3x
Tue, 16 Dec 2025US$2.1tUS$1.7tUS$116.3b13.2x18.2x1.2x
Thu, 13 Nov 2025US$2.1tUS$1.7tUS$116.8b13.5x18.3x1.3x
Sat, 11 Oct 2025US$2.1tUS$1.7tUS$115.9b13.2x18.1x1.2x
Mon, 08 Sep 2025US$2.1tUS$1.7tUS$116.3b12.7x17.8x1.2x
Wed, 06 Aug 2025US$2.1tUS$1.7tUS$117.6b12.6x17.6x1.2x
Fri, 04 Jul 2025US$2.1tUS$1.7tUS$122.4b12.5x17.3x1.2x
Sun, 01 Jun 2025US$2.0tUS$1.7tUS$122.3b11.7x16x1.1x
Tue, 29 Apr 2025US$2.0tUS$1.7tUS$128.1b12x15.6x1.2x
Thu, 27 Mar 2025US$2.2tUS$1.7tUS$130.5b13x17.1x1.3x
Sat, 22 Feb 2025US$2.2tUS$1.7tUS$137.0b12.2x15.9x1.3x
Mon, 20 Jan 2025US$2.3tUS$1.8tUS$144.9b12.1x15.5x1.3x
Wed, 18 Dec 2024US$2.1tUS$1.8tUS$144.9b10.9x14.3x1.2x
Fri, 15 Nov 2024US$2.2tUS$1.8tUS$146.4b11.2x15.1x1.3x
Sun, 13 Oct 2024US$2.2tUS$1.8tUS$161.0b10.9x13.6x1.2x
Tue, 10 Sep 2024US$2.0tUS$1.8tUS$157.8b9.7x12.7x1.1x
Thu, 08 Aug 2024US$2.0tUS$1.8tUS$157.5b10x12.8x1.1x
Sat, 06 Jul 2024US$2.1tUS$1.8tUS$162.2b10.5x12.8x1.2x
Mon, 03 Jun 2024US$2.1tUS$1.8tUS$162.5b11.2x12.8x1.2x
Wed, 01 May 2024US$2.2tUS$1.8tUS$181.4b9.5x11.9x1.2x
Fri, 29 Mar 2024US$2.2tUS$1.8tUS$193.2b9.4x11.1x1.2x
Sun, 25 Feb 2024US$2.0tUS$1.8tUS$195.3b8.5x10.2x1.1x
Tue, 23 Jan 2024US$2.0tUS$1.9tUS$230.1b7.6x8.5x1x
Thu, 21 Dec 2023US$2.0tUS$1.9tUS$230.1b7.8x8.9x1.1x
Sat, 18 Nov 2023US$2.0tUS$1.9tUS$230.5b7.8x8.6x1x
Mon, 16 Oct 2023US$2.1tUS$2.0tUS$261.6b6.6x8.1x1.1x
Wed, 13 Sep 2023US$2.1tUS$2.0tUS$261.4b6.7x8.1x1.1x
Fri, 11 Aug 2023US$2.1tUS$2.0tUS$261.6b6.8x7.9x1x
Sun, 09 Jul 2023US$1.9tUS$2.2tUS$307.3b5.5x6.3x0.9x
Tue, 06 Jun 2023US$1.9tUS$2.2tUS$307.2b5.3x6.2x0.9x
Thu, 04 May 2023US$1.9tUS$2.2tUS$308.6b5.4x6.2x0.9x
Price to Earnings Ratio

6.2x


Total Market Cap: US$1.9tTotal Earnings: US$308.6bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 13.6x202420252026
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 20.7x which is higher than its 3-year average PE of 13.6x.
  • 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 26% per year over the last three years,
  • Revenues have also declined 8.6% 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 Market0.33%
Energy3.04%
Oil and Gas2.30%
Oil and Gas Refining and Marketing4.56%
Oil and Gas Exploration and Production4.46%
Oil and Gas Storage and Transportation1.58%
Integrated Oil and Gas1.05%
Coal and Fuels-0.82%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 24.8x.
    • Analysts are expecting annual earnings growth of 51.9%, which is higher than its past year's earnings decline of 12.6% 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 13% per year.
  • In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings grow by 7.6% 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$148.911.7%
+US$10.3b		37.2%PE21.5x
COP ConocoPhillipsUS$121.764.9%
+US$7.0b		32.8%PE18.6x
FANG Diamondback EnergyUS$194.798.1%
+US$4.1b		42.4%PE33.1x
VLO Valero EnergyUS$235.855.5%
+US$3.6b		107.1%PE30.1x
OXY Occidental PetroleumUS$57.126.2%
+US$3.3b		41.5%PE42x

Latest News

EOG
US$133.13
EOG Resources
7D
3.7%
1Y
17.7%

EOG Resources: American Oil Producer Pumping Excess Shareholder Rewards

Apr 26
KMI
US$31.74
Kinder Morgan
7D
-0.9%
1Y
18.2%
HESM
US$37.34
Hess Midstream
7D
-1.4%
1Y
-3.7%

HESM: Buybacks And Distributions Will Balance Mixed Views On Future Execution

Hess Midstream's analyst price target has shifted from $38.67 to $37.50 as analysts factor in updated assumptions for revenue growth, profit margins, and a slightly higher future P/E, following mixed recent research that included both a downgrade and a separate price target increase. Analyst Commentary Recent Street research on Hess Midstream points in two directions, with one firm lifting its price target and Goldman Sachs moving to a more cautious stance.
DHT
US$18.06
DHT Holdings
7D
-1.4%
1Y
70.5%

DHT Holdings, Inc. – Q1 2026 Trading Update & Strong Spot Market Momentum

Author: Qudus Adebara (Research Analyst, Wane Trading Club) Performance Overview DHT Holdings, Inc. has released a business update for Q1 2026 , highlighting solid earnings performance driven by strong spot market conditions and improving tanker rates.
MPC
US$224.14
Marathon Petroleum
7D
4.9%
1Y
63.1%

MPC: Oil Price Assumptions And Labor Talks Will Shape Future Returns

The analyst price target for Marathon Petroleum has been revised higher by $10.57 to $247.18. Analysts point to updated fair value estimates, modestly higher revenue growth and profit margin assumptions, as well as a slightly richer future P/E multiple as key drivers for the change.
XOM
US$148.91
Exxon Mobil
7D
1.7%
1Y
37.2%
FANG
US$194.79
Diamondback Energy
7D
8.1%
1Y
42.4%
COP
US$121.76
ConocoPhillips
7D
4.9%
1Y
32.8%

COP: Future Cash Flows Will Reflect Middle East Risks And Portfolio Moves

Analysts have raised ConocoPhillips’ fair value estimate from $131.52 to $138.00. This change reflects updated expectations for revenue growth, profit margins, and a modestly lower assumed future P/E multiple, following a series of higher Street price targets tied to revised oil price assumptions and geopolitical risk.
CLMT
US$30.59
Calumet
7D
-5.0%
1Y
191.9%
OXY
US$57.12
Occidental Petroleum
7D
6.2%
1Y
41.5%
PSX
US$162.85
Phillips 66
7D
4.1%
1Y
56.6%
GPOR
US$187.60
Gulfport Energy
7D
-3.0%
1Y
7.2%
FRO
US$35.59
Frontline
7D
-4.1%
1Y
114.9%
NAT
US$5.54
Nordic American Tankers
7D
-8.1%
1Y
116.4%
VLO
US$235.85
Valero Energy
7D
5.5%
1Y
107.1%

Valero Energy: An Oil Refiner That Will Grow Even With An Open Strait of Hormuz

Apr 18
UEC
US$14.05
Uranium Energy
7D
-6.1%
1Y
166.6%