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U.S. Oil and Gas Industry Analysis

UpdatedJun 15, 2026
DataAggregated Company Financials
Companies343
  • 7D-1.2%
  • 3M-3.1%
  • 1Y23.6%
  • YTD22.5%

Over the last 7 days, the Oil and Gas industry has dropped 1.2%, driven by Exxon Mobil declining 3.1%. In the past year, the industry has gained 24%. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Jun 2026US$2.6tUS$1.7tUS$116.0b13.8x22.2x1.5x
Wed, 13 May 2026US$2.6tUS$1.7tUS$115.5b14.4x22.5x1.5x
Fri, 10 Apr 2026US$2.7tUS$1.7tUS$122.4b14.8x21.8x1.6x
Sun, 08 Mar 2026US$2.6tUS$1.7tUS$122.4b15.2x21.3x1.5x
Tue, 03 Feb 2026US$2.4tUS$2.3tUS$154.0b13.5x15.3x1x
Thu, 01 Jan 2026US$2.1tUS$1.7tUS$117.7b13.1x17.9x1.2x
Sat, 29 Nov 2025US$2.1tUS$1.7tUS$116.2b13.4x18.2x1.2x
Mon, 27 Oct 2025US$2.1tUS$1.7tUS$117.2b12.8x17.8x1.2x
Wed, 24 Sep 2025US$2.1tUS$1.7tUS$115.9b13.4x18.2x1.2x
Fri, 22 Aug 2025US$2.0tUS$1.7tUS$116.2b12.9x17.6x1.2x
Sun, 20 Jul 2025US$2.0tUS$1.7tUS$120.3b12.2x16.9x1.2x
Tue, 17 Jun 2025US$2.1tUS$1.7tUS$122.2b13x17.5x1.2x
Thu, 15 May 2025US$2.1tUS$1.7tUS$122.8b12.2x16.9x1.2x
Sat, 12 Apr 2025US$1.9tUS$1.7tUS$130.3b11.4x14.2x1.1x
Mon, 10 Mar 2025US$2.1tUS$1.7tUS$130.7b12.3x15.8x1.2x
Wed, 05 Feb 2025US$2.2tUS$1.8tUS$142.8b12.2x15.2x1.2x
Fri, 03 Jan 2025US$2.1tUS$1.8tUS$144.8b11.1x14.3x1.2x
Sun, 01 Dec 2024US$2.3tUS$1.8tUS$145.0b11.6x15.6x1.3x
Tue, 29 Oct 2024US$2.1tUS$1.8tUS$158.6b10.6x13.4x1.2x
Thu, 26 Sep 2024US$2.1tUS$1.8tUS$157.8b10x13.3x1.2x
Sat, 24 Aug 2024US$2.1tUS$1.8tUS$157.8b10.4x13x1.1x
Mon, 22 Jul 2024US$2.1tUS$1.8tUS$162.1b11.2x12.9x1.2x
Wed, 19 Jun 2024US$2.0tUS$1.8tUS$162.2b10.5x12.2x1.1x
Fri, 17 May 2024US$2.1tUS$1.8tUS$161.2b10.6x13x1.2x
Sun, 14 Apr 2024US$2.2tUS$1.8tUS$192.6b10.1x11.6x1.2x
Tue, 12 Mar 2024US$2.0tUS$1.8tUS$193.6b8.5x10.6x1.1x
Thu, 08 Feb 2024US$1.9tUS$1.8tUS$206.1b7.9x9.3x1x
Sat, 06 Jan 2024US$2.0tUS$1.9tUS$230.1b7.8x8.9x1.1x
Mon, 04 Dec 2023US$2.0tUS$1.9tUS$230.4b7.9x8.8x1.1x
Wed, 01 Nov 2023US$2.0tUS$1.9tUS$239.2b6.6x8.5x1.1x
Fri, 29 Sep 2023US$2.2tUS$2.0tUS$261.5b6.7x8.3x1.1x
Sun, 27 Aug 2023US$2.1tUS$2.0tUS$261.4b6.5x7.9x1x
Tue, 25 Jul 2023US$2.0tUS$2.2tUS$307.2b5.9x6.6x0.9x
Thu, 22 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 14.3x202420252026
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 22.2x which is higher than its 3-year average PE of 14.3x.
  • 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 Market0.50%
Energy-1.09%
Oil and Gas-1.19%
Oil and Gas Storage and Transportation1.13%
Oil and Gas Refining and Marketing-1.06%
Oil and Gas Exploration and Production-1.60%
Integrated Oil and Gas-2.32%
Coal and Fuels-4.33%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 32.6x.
    • Analysts are expecting annual earnings growth of 56.6%, 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 21.8x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 57% 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
FRO FrontlineUS$39.4312.6%
+US$984.0m		108.7%PE9.7x
KMI Kinder MorganUS$31.460.5%
+US$378.2m		13.7%PE21.2x
DHT DHT HoldingsUS$18.4812.4%
+US$328.5m		55.0%PE9x
LEU Centrus EnergyUS$176.657.9%
+US$254.0m		4.0%PE57.3x
TNK Teekay TankersUS$75.565.4%
+US$135.1m		64.7%PE6.1x

Latest News

TEN
US$38.90
Tsakos Energy Navigation
7D
5.6%
1Y
105.9%
Seeking Alpha • 14h

Tsakos Energy Navigation: There Is Still Some Upside, But Investors Are Quite Cautious

Summary Tsakos Energy Navigation Limited remains robust amid oil market volatility, supported by a balanced charter strategy and a young, expanding fleet. Q1 2026 revenue surged 28.4% YoY to $253M, with operating margin rising to 43.4%, reflecting strong tanker demand from Middle East disruptions. TEN's heavy reliance on fixed time charters shields it from spot rate volatility, while its liquidity and manageable debt profile underpin financial stability. After a justified pullback, TEN trades below its $46.95 target price, presenting renewed buy opportunities; I reiterate my buy rating. Read the full article on Seeking Alpha
DHT
US$18.48
DHT Holdings
7D
12.4%
1Y
55.0%
EE
US$35.04
Excelerate Energy
7D
10.1%
1Y
13.9%
Narrative Update • Jun 13

EE: Stable Fair Value And Assumptions Will Support Future Upside

Analysts have maintained their fair value estimate for Excelerate Energy at $48.00, after making only minor adjustments to assumptions on revenue growth, profit margin, and future P/E as part of a refreshed price target narrative. What's in the News No recent company specific news or key developments were provided in the available sources for Excelerate Energy.
PSX
US$173.26
Phillips 66
7D
-5.5%
1Y
40.2%
COP
US$112.26
ConocoPhillips
7D
-5.6%
1Y
18.2%
FRO
US$39.43
Frontline
7D
12.6%
1Y
108.7%
TNK
US$75.56
Teekay Tankers
7D
5.4%
1Y
64.7%
Seeking Alpha • Jun 10

Teekay Tankers Delivers Record Earnings, But Shareholder Returns Disappoint (Rating Downgrade)

Summary Teekay Tankers is downgraded to Hold as shares reach my $70 fair value target. Despite record Q1 results and a strong Q2 outlook, TNK's shareholder returns remain limited with only a $1 special dividend. Management prioritizes fleet renewal over higher payouts, despite nearly $1 billion in net cash and robust free cash flow. Current valuation at 0.9x NAV and lower FCF yield make risk/reward less compelling; fair value estimated at $65–$75 per share. Read the full article on Seeking Alpha
EOG
US$131.98
EOG Resources
7D
-5.8%
1Y
7.1%
XOM
US$140.92
Exxon Mobil
7D
-7.1%
1Y
25.3%
CVX
US$180.40
Chevron
7D
-4.7%
1Y
23.5%
LEU
US$176.65
Centrus Energy
7D
7.9%
1Y
4.0%
KMI
US$31.46
Kinder Morgan
7D
0.5%
1Y
13.7%
MPC
US$250.86
Marathon Petroleum
7D
-5.8%
1Y
50.4%
Narrative Update • Jun 07

MPC: Oil Price Assumptions And Buybacks Will Guide Future Refining Returns

Narrative Update on Marathon Petroleum The analyst price target for Marathon Petroleum has moved higher to $265.06 from $256.83, with analysts pointing to higher oil and refining spread assumptions, a higher projected profit margin, and a lower future P/E estimate as key drivers of the recalibration. Analyst Commentary Recent research on Marathon Petroleum shows an active debate around how sustainable current refining economics and oil price assumptions may be, with several firms revising their models and valuation frameworks.
STNG
US$78.75
Scorpio Tankers
7D
3.5%
1Y
90.0%
Seeking Alpha • Jun 06

Scorpio Tankers: The Thesis Improved, But The Stock Is No Longer Cheap

Summary Scorpio Tankers demonstrates robust Q1 2026 results, with a net cash position, a modern fleet, and enhanced capital return flexibility. Q1 adjusted net income reached $150.9 million, with adjusted EPS of $3.02, reflecting strong TCE rates and improved earnings quality. STNG's balance sheet strength enables aggressive share buybacks, increased dividends, and strategic fleet renewal without financial strain. My DCF model indicates a fair value of $94 per share, suggesting 22% upside, even as revenue and margins are conservatively modeled for normalization. Read the full article on Seeking Alpha
VLO
US$247.16
Valero Energy
7D
-4.3%
1Y
79.4%
Narrative Update • Jun 05

VLO: Higher Oil Assumptions And Mixed Ratings Will Shape Balanced Future Prospects

Narrative Update on Valero Energy The analyst price target for Valero Energy has been raised by about $3 to roughly $259, as analysts factor in their updated views on refining margins, oil price assumptions, and a lower projected future P/E multiple. Analyst Commentary Recent research on Valero Energy reflects an active debate on how to value the stock as oil price assumptions, refining crack forecasts, and geopolitical risks are updated.
OXY
US$54.46
Occidental Petroleum
7D
-5.3%
1Y
20.1%