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U.S. Oil and Gas Industry Analysis

UpdatedJul 17, 2026
DataAggregated Company Financials
Companies346
  • 7D4.0%
  • 3M4.0%
  • 1Y26.1%
  • YTD23.7%

Over the last 7 days, the Oil and Gas industry has risen 4.0%, driven by gains from ExxonMobil Holdings of 6.2%. This means that the industry has gained 26% over the past year. 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
Sat, 18 Jul 2026US$2.6tUS$1.7tUS$116.0b13.7x22.3x1.5x
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
Price to Earnings Ratio

6.6x


Total Market Cap: US$2.0tTotal Earnings: US$307.2bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 14.8x202420252026
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 22.3x which is higher than its 3-year average PE of 14.8x.
  • 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 Market-0.88%
Energy3.62%
Oil and Gas4.02%
Oil and Gas Refining and Marketing7.24%
Integrated Oil and Gas5.79%
Oil and Gas Exploration and Production2.95%
Oil and Gas Storage and Transportation1.26%
Coal and Fuels-4.94%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 39.9x.
    • Analysts are expecting annual earnings growth of 57.3%, which is higher than its past year's earnings decline of 27.4% per year.
  • Investors are most pessimistic about the Oil and Gas Storage and Transportation industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 15.1x.
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 growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
XOM ExxonMobil HoldingsUS$145.956.2%
+US$35.2b		30.7%PE23.9x
CVX ChevronUS$183.865.6%
+US$19.4b		21.5%PE33x
MPC Marathon PetroleumUS$305.858.0%
+US$6.6b		75.6%PE19.3x
COP ConocoPhillipsUS$112.844.5%
+US$5.9b		21.6%PE18.8x
VLO Valero EnergyUS$300.266.8%
+US$5.6b		107.5%PE21.2x

Latest News

VG
US$13.80
Venture Global
7D
12.7%
1Y
-13.2%
EQT
US$49.40
EQT
7D
-1.5%
1Y
-15.9%
VLO
US$309.65
Valero Energy
7D
10.3%
1Y
111.9%
LEU
US$147.07
Centrus Energy
7D
-15.3%
1Y
-37.1%
PSX
US$201.32
Phillips 66
7D
6.1%
1Y
60.8%
EXE
US$88.18
Expand Energy
7D
-0.9%
1Y
-18.5%
STNG
US$76.49
Scorpio Tankers
7D
-3.6%
1Y
75.6%
Narrative Update • Jul 16

STNG: Modern Fleet And Spot Exposure Will Drive Future Earnings Upside

Analysts have lifted their fair value estimate for Scorpio Tankers from $90.00 to about $117.78. This reflects updated assumptions for revenue trends, margins, discount rate and future P/E that incorporate recent research highlighting both the company's modern fleet and exposure to volatile tanker markets, as well as differing views on asset sales and spot rate conditions.
LNG
US$259.00
Cheniere Energy
7D
-0.9%
1Y
11.8%
WMB
US$74.73
Williams Companies
7D
-1.0%
1Y
28.6%
MPC
US$305.85
Marathon Petroleum
7D
8.0%
1Y
75.6%
CVX
US$187.38
Chevron
7D
6.2%
1Y
24.9%
UEC
US$9.33
Uranium Energy
7D
-8.2%
1Y
14.3%
Narrative Update • Jul 10

UEC: ISR Production Ramp And Inventory Strategy Will Drive Future Upside

Uranium Energy's updated analyst price target has shifted to reflect changes in fair value assumptions to $26.56, a higher discount rate, very large revenue growth projections, and wider profit margin estimates, partly offset by a lower future P/E multiple after recent production and cost misses highlighted by analysts. Analyst Commentary Recent Street research on Uranium Energy reflects a mix of caution around near term execution and continued confidence in the company’s longer term setup.
XOM
US$147.36
ExxonMobil Holdings
7D
6.1%
1Y
36.7%
NEXT
US$7.59
NextDecade
7D
-5.6%
1Y
-34.2%
Narrative Update • Jul 10

NEXT: Recent Debt Offering Will Support Future Cash Flow Upside

Analysts have adjusted their fair value estimate for NextDecade to $9.40 from $8.75, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What’s in the News for NextDecade Rio Grande LNG, a partially owned subsidiary of NextDecade, priced a US$3.5b private offering of senior secured notes with maturities from 2031 to 2041.
COP
US$112.84
ConocoPhillips
7D
4.5%
1Y
21.6%
Narrative Update • Jul 09

COP: Fair Value View Balances Middle East Oil Swings And Syria Deal

Analysts have reset the fair value estimate for ConocoPhillips shares to $115, reflecting a mix of lower Street price targets clustered around revised oil price assumptions, modestly adjusted growth and margin expectations, and a higher implied future P/E multiple. Analyst Commentary Recent Street research on ConocoPhillips shows a more mixed tone, with several Bearish analysts trimming price targets and flagging a few pressure points that could matter for valuation and execution.
FANG
US$195.54
Diamondback Energy
7D
6.6%
1Y
38.3%
Narrative Update • Jul 09

FANG: Tighter Oil Supply And Iran Risk Will Support Future Cash Returns

Analysts have nudged their consolidated price target for Diamondback Energy higher, with fair value moving from about $257 to $272. This reflects updated views on oil market supply and demand, company profitability, and a lower implied future P/E multiple despite mixed recent target changes across the Street.