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U.S. Oil and Gas Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies342
  • 7D-5.6%
  • 3M-10.1%
  • 1Y15.3%
  • YTD15.6%

Over the last 7 days, the Oil and Gas industry has dropped 5.6%, driven by Exxon Mobil declining 6.3%. In the past year, the industry has gained 15%. 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
Sat, 20 Jun 2026US$2.4tUS$1.7tUS$116.0b12.9x21x1.4x
Mon, 18 May 2026US$2.7tUS$1.7tUS$115.6b14.9x23.4x1.6x
Wed, 15 Apr 2026US$2.6tUS$1.7tUS$123.7b14.7x21.2x1.5x
Fri, 13 Mar 2026US$2.6tUS$1.7tUS$122.4b15.4x21.4x1.5x
Sun, 08 Feb 2026US$2.4tUS$1.7tUS$120.5b14.1x20.2x1.4x
Tue, 06 Jan 2026US$2.2tUS$1.7tUS$117.7b13.2x18.4x1.3x
Thu, 04 Dec 2025US$2.1tUS$1.7tUS$116.2b13.6x18.2x1.2x
Sat, 01 Nov 2025US$2.1tUS$1.7tUS$119.6b12.9x17.3x1.2x
Mon, 29 Sep 2025US$2.2tUS$1.7tUS$115.9b13.5x18.9x1.3x
Wed, 27 Aug 2025US$2.1tUS$1.7tUS$116.1b13.2x18.1x1.2x
Fri, 25 Jul 2025US$2.1tUS$1.7tUS$121.2b12.6x17.3x1.2x
Sun, 22 Jun 2025US$2.1tUS$1.7tUS$122.2b12.6x17.5x1.2x
Tue, 20 May 2025US$2.1tUS$1.7tUS$122.2b12x16.9x1.2x
Thu, 17 Apr 2025US$1.9tUS$1.7tUS$130.4b11.3x14.7x1.1x
Sat, 15 Mar 2025US$2.1tUS$1.7tUS$130.7b12.7x15.9x1.2x
Mon, 10 Feb 2025US$2.1tUS$1.7tUS$141.0b11.5x15x1.2x
Wed, 08 Jan 2025US$2.1tUS$1.8tUS$144.9b11.4x14.5x1.2x
Fri, 06 Dec 2024US$2.2tUS$1.8tUS$145.0b11.4x15.1x1.2x
Sun, 03 Nov 2024US$2.1tUS$1.8tUS$150.0b10.7x13.9x1.2x
Tue, 01 Oct 2024US$2.1tUS$1.8tUS$157.8b10.1x13.1x1.1x
Thu, 29 Aug 2024US$2.1tUS$1.8tUS$157.8b10.3x13.2x1.2x
Sat, 27 Jul 2024US$2.1tUS$1.8tUS$160.3b11x12.9x1.2x
Mon, 24 Jun 2024US$2.0tUS$1.8tUS$162.1b10.7x12.4x1.1x
Wed, 22 May 2024US$2.1tUS$1.8tUS$161.0b10.8x13.1x1.2x
Fri, 19 Apr 2024US$2.2tUS$1.8tUS$192.7b9.3x11.2x1.2x
Sun, 17 Mar 2024US$2.1tUS$1.8tUS$193.3b8.6x10.8x1.2x
Tue, 13 Feb 2024US$1.9tUS$1.8tUS$206.3b8.1x9.4x1.1x
Thu, 11 Jan 2024US$2.0tUS$1.9tUS$230.1b7.7x8.7x1x
Sat, 09 Dec 2023US$2.0tUS$1.9tUS$230.4b7.8x8.5x1x
Mon, 06 Nov 2023US$2.1tUS$1.9tUS$234.2b7.1x8.9x1.1x
Wed, 04 Oct 2023US$2.1tUS$2.0tUS$261.6b6.4x8.1x1x
Fri, 01 Sep 2023US$2.1tUS$2.0tUS$261.4b6.6x8x1x
Sun, 30 Jul 2023US$2.0tUS$2.1tUS$285.8b6.1x7.1x1x
Tue, 27 Jun 2023US$1.9tUS$2.2tUS$307.3b5.4x6.2x0.9x
Price to Earnings Ratio

6.2x


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 21.0x 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 Market1.40%
Energy-6.04%
Oil and Gas-5.58%
Coal and Fuels0.50%
Oil and Gas Storage and Transportation-2.11%
Oil and Gas Exploration and Production-6.60%
Integrated Oil and Gas-6.73%
Oil and Gas Refining and Marketing-7.73%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 33.8x.
    • Analysts are expecting annual earnings growth of 55.4%, 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 55% 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$73.121.4%
+US$1.3b		20.9%PE32.1x
LEU Centrus EnergyUS$191.3917.7%
+US$566.8m		0.7%PE62.1x
UEC Uranium EnergyUS$12.018.9%
+US$485.0m		85.9%PS294.2x
FRO FrontlineUS$40.934.8%
+US$414.1m		115.6%PE10.1x
DHT DHT HoldingsUS$18.897.5%
+US$212.6m		60.9%PE9.2x

Latest News

FRO
US$40.93
Frontline
7D
4.8%
1Y
115.6%
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COP
US$107.74
ConocoPhillips
7D
-7.9%
1Y
13.8%
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VG
US$11.02
Venture Global
7D
-15.7%
1Y
-42.0%
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PSX
US$166.14
Phillips 66
7D
-7.4%
1Y
33.1%
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LEU
US$191.39
Centrus Energy
7D
17.7%
1Y
0.7%
MPC
US$242.91
Marathon Petroleum
7D
-7.8%
1Y
43.6%
Analysis Article • Jun 18

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WMB
US$73.12
Williams Companies
7D
1.4%
1Y
20.9%
Narrative Update • Jun 18

WMB: Future Gas And Power Projects Will Support Growing Cash Flow Visibility

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CVX
US$173.63
Chevron
7D
-7.3%
1Y
16.1%
Narrative Update • Jun 18

CVX: Tighter Oil Supply And Refining Margins Will Support Future Cash Returns

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UEC
US$12.01
Uranium Energy
7D
8.9%
1Y
85.9%
Analysis Article • Jun 18

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DHT
US$18.89
DHT Holdings
7D
7.5%
1Y
60.9%
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XOM
US$137.81
Exxon Mobil
7D
-6.3%
1Y
20.1%
INSW
US$84.49
International Seaways
7D
3.0%
1Y
110.4%
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VLO
US$236.30
Valero Energy
7D
-8.6%
1Y
67.5%
NUAI
US$6.25
New Era Energy & Digital
7D
14.7%
1Y
1,080.1%
DTM
US$143.30
DT Midstream
7D
0.7%
1Y
34.8%
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OXY
US$51.82
Occidental Petroleum
7D
-8.3%
1Y
13.6%