Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Oil and Gas Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies343
  • 7D-4.8%
  • 3M-10.1%
  • 1Y16.3%
  • YTD15.6%

Over the last 7 days, the Oil and Gas industry has dropped 4.8%, driven by Exxon Mobil declining 6.0%. In the past year, the industry has gained 16%. As for the next few years, earnings are expected to grow by 11% 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, 19 Jun 2026US$2.5tUS$1.7tUS$116.0b12.9x21.3x1.4x
Sun, 17 May 2026US$2.7tUS$1.7tUS$115.6b15.2x23.4x1.6x
Tue, 14 Apr 2026US$2.6tUS$1.7tUS$122.4b15x21.4x1.5x
Thu, 12 Mar 2026US$2.5tUS$1.7tUS$122.5b15.1x20.8x1.5x
Sat, 07 Feb 2026US$2.4tUS$1.7tUS$121.1b14.1x19.8x1.4x
Mon, 05 Jan 2026US$2.1tUS$1.7tUS$117.7b13.2x18.2x1.3x
Wed, 03 Dec 2025US$2.1tUS$1.7tUS$116.2b13.5x18.2x1.2x
Fri, 31 Oct 2025US$2.1tUS$1.7tUS$118.6b12.6x17.5x1.2x
Sun, 28 Sep 2025US$2.2tUS$1.7tUS$115.9b13.5x18.9x1.3x
Tue, 26 Aug 2025US$2.1tUS$1.7tUS$116.1b13.4x18x1.2x
Thu, 24 Jul 2025US$2.1tUS$1.7tUS$121.2b12.6x17.1x1.2x
Sat, 21 Jun 2025US$2.1tUS$1.7tUS$122.2b12.6x17.5x1.2x
Mon, 19 May 2025US$2.0tUS$1.7tUS$122.2b12.1x16.7x1.2x
Wed, 16 Apr 2025US$1.9tUS$1.7tUS$130.4b11.4x14.7x1.1x
Fri, 14 Mar 2025US$2.1tUS$1.7tUS$130.5b12.4x16x1.2x
Sun, 09 Feb 2025US$2.1tUS$1.7tUS$141.0b11.5x15x1.2x
Tue, 07 Jan 2025US$2.1tUS$1.8tUS$144.9b11.3x14.6x1.2x
Thu, 05 Dec 2024US$2.2tUS$1.8tUS$145.0b11.2x15.4x1.3x
Sat, 02 Nov 2024US$2.1tUS$1.8tUS$150.0b10.7x14x1.2x
Mon, 30 Sep 2024US$2.1tUS$1.8tUS$157.8b10.1x13.1x1.1x
Wed, 28 Aug 2024US$2.1tUS$1.8tUS$157.8b10.3x13.4x1.2x
Fri, 26 Jul 2024US$2.0tUS$1.8tUS$161.8b11x12.6x1.2x
Sun, 23 Jun 2024US$2.0tUS$1.8tUS$162.1b10.7x12.4x1.1x
Tue, 21 May 2024US$2.1tUS$1.8tUS$160.9b10.7x13.1x1.2x
Thu, 18 Apr 2024US$2.2tUS$1.8tUS$192.7b9.5x11.2x1.2x
Sat, 16 Mar 2024US$2.1tUS$1.8tUS$193.4b8.6x10.8x1.2x
Mon, 12 Feb 2024US$1.9tUS$1.8tUS$206.3b8.1x9.3x1x
Wed, 10 Jan 2024US$2.0tUS$1.9tUS$230.1b7.8x8.7x1x
Fri, 08 Dec 2023US$2.0tUS$1.9tUS$230.4b7.5x8.5x1x
Sun, 05 Nov 2023US$2.1tUS$1.9tUS$234.2b7.1x8.9x1.1x
Tue, 03 Oct 2023US$2.1tUS$2.0tUS$261.6b6.4x8.2x1.1x
Thu, 31 Aug 2023US$2.1tUS$2.0tUS$261.5b6.6x8x1x
Sat, 29 Jul 2023US$2.0tUS$2.1tUS$285.8b6.1x7.1x1x
Mon, 26 Jun 2023US$1.9tUS$2.2tUS$307.3b5.3x6.1x0.8x
Price to Earnings Ratio

6.1x


Total Market Cap: US$1.9tTotal Earnings: US$307.3bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 14.4x202420252026
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 14.4x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 28% per year over the last three years,
  • Revenues have also declined 7.9% 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 Market1.65%
Energy-5.32%
Oil and Gas-4.78%
Coal and Fuels2.12%
Oil and Gas Storage and Transportation-1.10%
Oil and Gas Exploration and Production-5.51%
Integrated Oil and Gas-6.23%
Oil and Gas Refining and Marketing-6.75%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 33.5x.
    • Analysts are expecting annual earnings growth of 56.1%, which is higher than its past year's earnings decline of 27.4% per year.
  • Investors are most pessimistic about the Oil and Gas Refining and Marketing industry, which is trading below its 3-year average of 21.9x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 56% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings grow by 4.8% 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
WMB Williams CompaniesUS$73.122.1%
+US$1.8b		23.7%PE32.1x
FRO FrontlineUS$40.9310.2%
+US$846.0m		109.4%PE10.1x
UEC Uranium EnergyUS$12.0113.0%
+US$682.9m		80.6%PS294.2x
LEU Centrus EnergyUS$191.3920.6%
+US$643.5m		5.8%PE62.1x
KMI Kinder MorganUS$31.590.7%
+US$511.7m		14.6%PE21.3x

Latest News

VG
US$11.02
Venture Global
7D
-13.6%
1Y
-39.7%
MPC
US$242.91
Marathon Petroleum
7D
-6.9%
1Y
45.1%
Analysis Article • 11h

Marathon Petroleum (MPC) Stock Could Be 8.4% Undervalued After Strait Of Hormuz Reopened

The U.S. Iran peace agreement reopening the Strait of Hormuz has quickly fed through to energy markets, with falling crude prices pressuring Marathon Petroleum (MPC) stock as investors reassess refining margins and input cost assumptions. See our latest analysis for Marathon Petroleum. Even before the Strait of Hormuz agreement, Marathon Petroleum stock had strong momentum, with a year to date share price return of 47.09% and a 1 year total shareholder return of 47.93%. However, recent...
COP
US$107.74
ConocoPhillips
7D
-6.6%
1Y
14.9%
UEC
US$12.01
Uranium Energy
7D
13.0%
1Y
80.6%
Analysis Article • 20h

Uranium Energy (UEC) Stock Could Be 47.9% Undervalued After Burke Hollow Production Start

Uranium Energy (UEC) stock is in focus after the company began production at its Burke Hollow in situ recovery project in South Texas, while also ramping up new wellfields at Christensen Ranch. See our latest analysis for Uranium Energy. For Uranium Energy, the recent production start at Burke Hollow and new wellfields at Christensen Ranch arrive after a mixed share price stretch. The stock is down 12.89% year to date on a share price basis but has delivered a 71.73% total shareholder return...
DHT
US$18.89
DHT Holdings
7D
13.5%
1Y
57.7%
Analysis Article • 22h

DHT Holdings (DHT) Stock Could Be 49.7% Undervalued After New $250 Million Credit Facility

DHT Holdings (DHT) has entered into a new US$250 million reducing revolving credit facility, a financing move that reshapes its debt maturity profile and liquidity options for general corporate purposes, including refinancing. See our latest analysis for DHT Holdings. DHT Holdings shares have pulled back 1.63% over the past day to US$18.11 after recent financing news. However, the 7 day share price return of 9.10% sits within a much stronger year to date share price return of 54.26% alongside...
LEU
US$191.39
Centrus Energy
7D
20.6%
1Y
5.8%
STNG
US$80.58
Scorpio Tankers
7D
5.8%
1Y
81.9%
Analysis Article • Jun 17

Scorpio Tankers (STNG) Stock Could Be 20.9% Undervalued After Balance Sheet Reset

Scorpio Tankers (STNG) has drawn investor attention after recent trading moves highlighted its performance across different time frames, prompting a closer look at how its share price and fundamentals currently line up. See our latest analysis for Scorpio Tankers. At a share price of $78.52, Scorpio Tankers has seen short term momentum soften recently, with a 30 day share price return down 4.38%, even as its year to date share price return of 58.02% and 1 year total shareholder return of...
XOM
US$137.81
Exxon Mobil
7D
-6.0%
1Y
21.8%
WMB
US$73.12
Williams Companies
7D
2.1%
1Y
23.7%
Seeking Alpha • Jun 17

The Williams Companies: The Pivot To Behind-The-Meter Supports Accelerated Dividend Growth

Summary The Williams Companies is upgraded to strong buy, driven by robust project execution and a pivot into behind-the-meter power solutions for data centers. WMB targets a 9% contracted EBITDA CAGR through 2029, outpacing the sector average, with a $7.3B growth CapEx pipeline and long-term revenue visibility. Dividend growth is accelerating, supported by fee-based revenues and strong coverage; projections suggest a potential 4.5% yield by 2029. Transco and core pipeline segments remain highly reliable, with regulated rate increases and rising margins underpinning WMB’s premium valuation. Read the full article on Seeking Alpha
CVX
US$173.63
Chevron
7D
-6.6%
1Y
17.2%
VLO
US$236.30
Valero Energy
7D
-7.6%
1Y
69.5%
DTM
US$143.30
DT Midstream
7D
2.1%
1Y
36.2%
Narrative Update • Jun 11

DTM: Long Duration Gas Demand And Data Center Projects Will Shape Returns

Narrative Update The updated analyst price target for DT Midstream has shifted slightly higher, rising about $1 to $154.20. Analysts point to the company's gas infrastructure exposure to U.S. Gulf Coast liquefied natural gas, growing power demand including data centers, and a view of relatively steady growth and defensiveness as key supports for the new level.
PSX
US$166.14
Phillips 66
7D
-6.7%
1Y
33.1%
FRO
US$40.93
Frontline
7D
10.2%
1Y
109.4%
KMI
US$31.59
Kinder Morgan
7D
0.7%
1Y
14.6%
OXY
US$51.82
Occidental Petroleum
7D
-6.6%
1Y
14.3%