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U.S. Oil and Gas Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies348
  • 7D-2.0%
  • 3M7.8%
  • 1Y37.4%
  • YTD27.1%

Over the last 7 days, the Oil and Gas industry has dropped 2.0%, driven by a pullback from Exxon Mobil of 4.7%. Meanwhile, Uranium Energy actually outperformed within the industry, gaining 9.3% in the last week. This takes the industry's 12 month performance to a gain of 37%. 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
Tue, 26 May 2026US$2.7tUS$1.7tUS$115.9b14.6x23.1x1.5x
Thu, 23 Apr 2026US$2.6tUS$1.7tUS$125.1b14.7x20.5x1.5x
Sat, 21 Mar 2026US$2.7tUS$1.7tUS$122.4b15.8x22.3x1.6x
Mon, 16 Feb 2026US$2.5tUS$1.7tUS$121.4b14.5x20.5x1.5x
Wed, 14 Jan 2026US$2.2tUS$1.7tUS$117.7b13.5x18.3x1.3x
Fri, 12 Dec 2025US$2.1tUS$1.7tUS$116.2b13.5x18.4x1.3x
Sun, 09 Nov 2025US$2.1tUS$1.7tUS$116.2b13.5x18x1.2x
Tue, 07 Oct 2025US$2.1tUS$1.7tUS$115.9b13.1x18.4x1.3x
Thu, 04 Sep 2025US$2.1tUS$1.7tUS$116.3b12.8x18.5x1.3x
Sat, 02 Aug 2025US$2.1tUS$1.7tUS$122.0b12.3x17.3x1.2x
Mon, 30 Jun 2025US$2.1tUS$1.7tUS$122.2b12.1x16.9x1.2x
Wed, 28 May 2025US$2.0tUS$1.7tUS$122.0b12x16.3x1.1x
Fri, 25 Apr 2025US$2.0tUS$1.7tUS$130.5b11.6x15.1x1.1x
Sun, 23 Mar 2025US$2.2tUS$1.7tUS$130.5b13.1x16.9x1.3x
Tue, 18 Feb 2025US$2.2tUS$1.7tUS$141.0b11.6x15.4x1.2x
Thu, 16 Jan 2025US$2.2tUS$1.8tUS$144.9b12.2x15.2x1.2x
Sat, 14 Dec 2024US$2.1tUS$1.8tUS$145.0b11.1x14.7x1.2x
Mon, 11 Nov 2024US$2.2tUS$1.8tUS$146.9b10.9x15x1.2x
Wed, 09 Oct 2024US$2.2tUS$1.8tUS$160.9b10.8x13.7x1.2x
Fri, 06 Sep 2024US$2.0tUS$1.8tUS$157.8b9.9x12.9x1.1x
Sun, 04 Aug 2024US$2.0tUS$1.8tUS$157.4b10.4x13x1.1x
Tue, 02 Jul 2024US$2.1tUS$1.8tUS$162.2b10.8x12.7x1.2x
Thu, 30 May 2024US$2.1tUS$1.8tUS$161.1b10.9x12.8x1.2x
Sat, 27 Apr 2024US$2.2tUS$1.8tUS$183.7b9.7x12x1.2x
Mon, 25 Mar 2024US$2.1tUS$1.8tUS$193.3b9x11x1.2x
Wed, 21 Feb 2024US$2.0tUS$1.8tUS$202.9b8.3x9.6x1.1x
Fri, 19 Jan 2024US$1.9tUS$1.9tUS$230.1b7.7x8.5x1x
Sun, 17 Dec 2023US$2.0tUS$1.9tUS$230.1b7.8x8.7x1.1x
Tue, 14 Nov 2023US$2.0tUS$1.9tUS$230.5b7.7x8.7x1.1x
Thu, 12 Oct 2023US$2.1tUS$2.0tUS$261.6b6.5x8x1x
Sat, 09 Sep 2023US$2.1tUS$2.0tUS$261.4b6.8x8.1x1.1x
Mon, 07 Aug 2023US$2.0tUS$2.0tUS$263.2b6.9x7.8x1x
Wed, 05 Jul 2023US$2.0tUS$2.2tUS$307.3b5.5x6.4x0.9x
Fri, 02 Jun 2023US$1.9tUS$2.2tUS$307.1b5.3x6.1x0.8x
Price to Earnings Ratio

6.1x


Total Market Cap: US$1.9tTotal Earnings: US$307.1bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 14x202420252026
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 23.1x which is higher than its 3-year average PE of 14.0x.
  • 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 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 Market1.21%
Energy-1.95%
Oil and Gas-1.96%
Coal and Fuels0.36%
Oil and Gas Storage and Transportation0.15%
Oil and Gas Exploration and Production-2.32%
Oil and Gas Refining and Marketing-2.38%
Integrated Oil and Gas-2.99%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 28.4x.
    • Analysts are expecting annual earnings growth of 54.5%, 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 21.6x.
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 4.7% 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
UEC Uranium EnergyUS$13.029.3%
+US$544.1m		97.9%PS316x
TPL Texas Pacific LandUS$402.031.9%
+US$514.5m		-3.0%PE55.1x
LEU Centrus EnergyUS$179.366.1%
+US$203.8m		40.3%PE58.2x
LPG DorianGUS$46.4610.9%
+US$197.1m		115.6%PE10.3x
CLMT CalumetUS$34.226.2%
+US$173.4m		134.1%PS0.7x

Latest News

LEU
US$179.36
Centrus Energy
7D
6.1%
1Y
40.3%
TPL
US$402.03
Texas Pacific Land
7D
1.9%
1Y
-3.0%
CVX
US$191.43
Chevron
7D
-3.0%
1Y
38.9%
DVN
US$47.22
Devon Energy
7D
-5.0%
1Y
50.6%
COP
US$120.46
ConocoPhillips
7D
-3.7%
1Y
40.8%
BTU
US$24.55
Peabody Energy
7D
3.4%
1Y
70.0%
PSX
US$177.69
Phillips 66
7D
-2.6%
1Y
55.4%
Narrative Update • May 22

PSX: Future Cash Flows Will Reflect Refining Execution And Midstream Buildout

The analyst price target for Phillips 66 has been raised from $180.95 to $187.42 as analysts factor in the company's efforts to improve refining operations, its progress toward a $4.5b Midstream EBITDA goal, and expectations for supportive refining and chemical margins. Analyst Commentary Recent Street research on Phillips 66 has centered on refining execution, Midstream growth targets, and how the current margin setup could influence earnings and valuation.
LPG
US$46.46
DorianG
7D
10.9%
1Y
115.6%
VG
US$13.83
Venture Global
7D
-6.4%
1Y
11.7%
VLO
US$246.96
Valero Energy
7D
-6.0%
1Y
88.9%
Narrative Update • May 20

VLO: Higher Oil Assumptions And Mixed Ratings Will Shape But Limit Future Upside

Analyst fair value estimates for Valero Energy have shifted up by about $9 to $256, with the change framed around a higher assumed future P/E of roughly 15x, as well as recent rounds of price target increases across several firms, offset in part by a few new cautious ratings. Analyst Commentary Recent research on Valero Energy has been active, with several firms adjusting price targets and a few shifting ratings.
XOM
US$154.92
Exxon Mobil
7D
-4.7%
1Y
49.7%
CLMT
US$34.22
Calumet
7D
6.2%
1Y
134.1%
DTM
US$151.12
DT Midstream
7D
0.6%
1Y
43.1%
Seeking Alpha • May 18

DT Midstream: Excessive Pricing Continues

Summary DT Midstream continues to deliver strong operational performance. Investor focus should shift from chasing every last penny to establishing disciplined sell criteria. Historical parallels, such as California Resources, highlight the risks of holding overpriced stocks too long despite ongoing positive narratives. Repeatable investment results stem from adhering to predefined buy and sell ranges. Overvaluation concerns rise with the rise in the stock price.  A stock price correction can eventually wipe out several years of gains. Read the full article on Seeking Alpha
UEC
US$13.02
Uranium Energy
7D
9.3%
1Y
97.9%
TRGP
US$276.75
Targa Resources
7D
0.2%
1Y
71.4%
MPC
US$254.65
Marathon Petroleum
7D
-3.2%
1Y
56.9%