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U.S. Oil and Gas Industry Analysis

UpdatedOct 31, 2024
DataAggregated Company Financials
Companies351
  • 7D-1.6%
  • 3M-1.5%
  • 1Y6.1%
  • YTD6.4%

Over the last 7 days, the Oil and Gas industry has dropped 1.6%, driven by a pullback from Exxon Mobil of 3.0%. On the other hand Expand Energy is actually up 6.5%. In the past year, the industry has gained 6.1%. Looking forward, earnings are forecast to grow by 6.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 31 Oct 2024US$2.1tUS$1.8tUS$156.4b10.8x13.4x1.2x
Sat, 28 Sep 2024US$2.0tUS$1.8tUS$157.8b10.1x12.9x1.1x
Mon, 26 Aug 2024US$2.1tUS$1.8tUS$157.8b10.4x13.1x1.1x
Wed, 24 Jul 2024US$2.1tUS$1.8tUS$161.7b11x12.8x1.2x
Fri, 21 Jun 2024US$2.0tUS$1.8tUS$162.2b10.8x12.3x1.1x
Sun, 19 May 2024US$2.1tUS$1.8tUS$160.9b10.6x13.1x1.2x
Tue, 16 Apr 2024US$2.2tUS$1.8tUS$192.6b9.9x11.5x1.2x
Thu, 14 Mar 2024US$2.0tUS$1.8tUS$193.4b8.6x10.6x1.1x
Sat, 10 Feb 2024US$1.9tUS$1.8tUS$205.4b8x9.3x1x
Mon, 08 Jan 2024US$2.0tUS$1.9tUS$230.1b7.8x8.9x1.1x
Wed, 06 Dec 2023US$2.0tUS$1.9tUS$230.4b7.7x8.8x1.1x
Fri, 03 Nov 2023US$2.0tUS$1.9tUS$236.9b7.1x8.6x1.1x
Sun, 01 Oct 2023US$2.1tUS$2.0tUS$261.6b6.5x8.2x1.1x
Tue, 29 Aug 2023US$2.1tUS$2.0tUS$261.4b6.5x7.9x1x
Thu, 27 Jul 2023US$2.0tUS$2.2tUS$305.1b6.1x6.7x0.9x
Sat, 24 Jun 2023US$1.9tUS$2.2tUS$307.3b5.3x6.1x0.8x
Mon, 22 May 2023US$1.9tUS$2.2tUS$307.4b5.3x6.2x0.9x
Wed, 19 Apr 2023US$2.0tUS$2.2tUS$273.8b6.1x7.5x0.9x
Fri, 17 Mar 2023US$1.9tUS$2.2tUS$274.9b5.6x6.7x0.8x
Sun, 12 Feb 2023US$2.1tUS$2.2tUS$267.8b6.8x8x1x
Tue, 10 Jan 2023US$2.1tUS$2.2tUS$254.2b6.9x8.1x1x
Thu, 08 Dec 2022US$2.0tUS$2.2tUS$254.2b7x8x0.9x
Sat, 05 Nov 2022US$2.2tUS$2.1tUS$243.6b8.1x9x1.1x
Mon, 03 Oct 2022US$1.8tUS$1.9tUS$190.0b8.8x9.5x0.9x
Wed, 31 Aug 2022US$2.0tUS$1.9tUS$190.0b9.9x10.6x1x
Fri, 29 Jul 2022US$1.8tUS$1.7tUS$118.4b12.7x15.4x1.1x
Sun, 26 Jun 2022US$1.7tUS$1.7tUS$116.0b11.6x15.1x1.1x
Tue, 24 May 2022US$2.0tUS$1.7tUS$115.2b13.6x17.4x1.2x
Thu, 21 Apr 2022US$2.0tUS$1.5tUS$97.5b15.6x20.2x1.3x
Sat, 19 Mar 2022US$1.8tUS$1.5tUS$96.8b15x18.4x1.2x
Mon, 14 Feb 2022US$1.7tUS$1.4tUS$79.4b17.8x21.3x1.2x
Wed, 12 Jan 2022US$1.6tUS$1.2tUS$31.0b17.5x50.3x1.2x
Fri, 10 Dec 2021US$1.4tUS$1.3tUS$32.1b16x43.5x1.1x
Sun, 07 Nov 2021US$1.5tUS$1.2tUS$31.2b19.2x47x1.2x
Price to Earnings Ratio

47x


Total Market Cap: US$1.5tTotal Earnings: US$31.2bTotal Revenue: US$1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 14.3x202220232024
Current Industry PE
  • Investors are relatively neutral on the American Oil and Gas industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 14.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 71% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

US Market0.49%
Energy-1.55%
Oil and Gas-1.59%
Coal and Fuels3.22%
Oil and Gas Storage and Transportation0.032%
Oil and Gas Exploration and Production-0.66%
Integrated Oil and Gas-2.50%
Oil and Gas Refining and Marketing-5.22%
Industry PE
  • Investors are most optimistic about the Integrated Oil and Gas industry even though it's trading below its 3-year average PE ratio of 21.3x.
    • Analysts are expecting annual earnings growth of 5.3%, which is higher than its past year's earnings decline of 37.3% per year.
  • Investors are most pessimistic about the Oil and Gas Refining and Marketing industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Exploration and Production industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings decline of 43% per year.
  • In contrast, the Coal and Fuels industry is expected to see its earnings decline by 5.3% 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
EXE Expand EnergyUS$88.706.5%
+US$9.6b
2.1%PE80.7x
TPL Texas Pacific LandUS$1.15k6.4%
+US$1.6b
87.8%PE59.2x
EQT EQTUS$38.576.6%
+US$1.4b
-9.7%PE72.9x
AR Antero ResourcesUS$28.224.8%
+US$398.1m
-5.2%PE105.4x
DTM DT MidstreamUS$90.934.3%
+US$366.3m
64.3%PE22x
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Latest News

COP

US$102.98

ConocoPhillips

7D

-1.5%

1Y

-11.7%

AR

US$28.22

Antero Resources

7D

4.8%

1Y

-5.2%

MPC

US$144.76

Marathon Petroleum

7D

-5.9%

1Y

-6.7%

EXE

US$88.70

Expand Energy

7D

6.5%

1Y

2.1%

DTM

US$90.93

DT Midstream

7D

4.3%

1Y

64.3%

EQT

US$38.57

EQT

7D

6.6%

1Y

-9.7%

VLO

US$128.73

Valero Energy

7D

-3.1%

1Y

0.8%