Phillips 66 (NYSE:PSX) Might Be Having Difficulty Using Its Capital Effectively
Aug 14
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U.S. Oil and Gas Industry Analysis
UpdatedAug 15, 2025
DataAggregated Company Financials
Companies344
- 7D1.0%
- 3M0.3%
- 1Y-2.6%
- YTD-3.3%
The Oil and Gas industry has been flat over the last week, but Expand Energy has lost 5.0%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.
Industry Valuation and Performance
Has the U.S. Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 15 Aug 2025 | US$2.1t | US$1.7t | US$116.2b | 13.2x | 17.7x | 1.2x |
| Sun, 13 Jul 2025 | US$2.1t | US$1.7t | US$122.4b | 12.5x | 17.5x | 1.2x |
| Tue, 10 Jun 2025 | US$2.0t | US$1.7t | US$122.2b | 12.1x | 16.6x | 1.2x |
| Thu, 08 May 2025 | US$1.9t | US$1.7t | US$122.6b | 11.4x | 15.9x | 1.1x |
| Sat, 05 Apr 2025 | US$2.1t | US$1.7t | US$130.3b | 11.3x | 16x | 1.2x |
| Mon, 03 Mar 2025 | US$2.2t | US$1.7t | US$130.9b | 12.3x | 16.6x | 1.3x |
| Wed, 29 Jan 2025 | US$2.2t | US$1.8t | US$145.7b | 11.9x | 15.2x | 1.3x |
| Fri, 27 Dec 2024 | US$2.0t | US$1.8t | US$144.8b | 10.9x | 14.1x | 1.2x |
| Sun, 24 Nov 2024 | US$2.3t | US$1.8t | US$145.1b | 11.6x | 15.7x | 1.3x |
| Tue, 22 Oct 2024 | US$2.1t | US$1.8t | US$161.1b | 10.6x | 13.3x | 1.2x |
| Thu, 19 Sep 2024 | US$2.1t | US$1.8t | US$157.8b | 10.3x | 13.1x | 1.1x |
| Sat, 17 Aug 2024 | US$2.1t | US$1.8t | US$157.8b | 10.4x | 13.3x | 1.2x |
| Mon, 15 Jul 2024 | US$2.1t | US$1.8t | US$162.2b | 11.1x | 12.7x | 1.2x |
| Wed, 12 Jun 2024 | US$2.0t | US$1.8t | US$162.4b | 10.8x | 12.6x | 1.1x |
| Fri, 10 May 2024 | US$2.1t | US$1.8t | US$161.4b | 10.5x | 12.9x | 1.2x |
| Sun, 07 Apr 2024 | US$2.3t | US$1.8t | US$192.5b | 10.3x | 11.7x | 1.2x |
| Tue, 05 Mar 2024 | US$2.0t | US$1.8t | US$193.9b | 8.5x | 10.3x | 1.1x |
| Thu, 01 Feb 2024 | US$2.1t | US$1.9t | US$225.9b | 7.9x | 9.1x | 1.1x |
| Sat, 30 Dec 2023 | US$2.0t | US$1.9t | US$230.1b | 7.7x | 8.8x | 1.1x |
| Mon, 27 Nov 2023 | US$2.0t | US$1.9t | US$230.4b | 8x | 8.8x | 1.1x |
| Wed, 25 Oct 2023 | US$2.1t | US$2.0t | US$262.0b | 6.5x | 8x | 1x |
| Fri, 22 Sep 2023 | US$2.1t | US$2.0t | US$261.4b | 6.5x | 8x | 1x |
| Sun, 20 Aug 2023 | US$2.1t | US$2.0t | US$261.3b | 6.8x | 8x | 1x |
| Tue, 18 Jul 2023 | US$1.9t | US$2.2t | US$307.3b | 5.6x | 6.3x | 0.9x |
| Thu, 15 Jun 2023 | US$1.9t | US$2.2t | US$307.3b | 5.3x | 6.3x | 0.9x |
| Sat, 13 May 2023 | US$1.9t | US$2.2t | US$307.5b | 5x | 6.2x | 0.9x |
| Mon, 10 Apr 2023 | US$2.0t | US$2.2t | US$273.8b | 6x | 7.4x | 0.9x |
| Wed, 08 Mar 2023 | US$2.0t | US$2.2t | US$275.5b | 6.4x | 7.3x | 0.9x |
| Fri, 03 Feb 2023 | US$2.1t | US$2.2t | US$266.6b | 6.6x | 7.7x | 0.9x |
| Sun, 01 Jan 2023 | US$2.1t | US$2.2t | US$254.1b | 7x | 8.1x | 1x |
| Tue, 29 Nov 2022 | US$2.1t | US$2.1t | US$253.9b | 7.5x | 8.4x | 1x |
| Thu, 27 Oct 2022 | US$2.1t | US$2.0t | US$193.8b | 10.1x | 11.1x | 1.1x |
| Sat, 24 Sep 2022 | US$1.8t | US$1.9t | US$190.1b | 8.2x | 9.3x | 0.9x |
| Mon, 22 Aug 2022 | US$2.0t | US$1.9t | US$189.9b | 10x | 10.4x | 1x |
Price to Earnings Ratio
10.4x
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 17.7x which is higher than its 3-year average PE of 11.2x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 15% per year over the last three years,
- Revenues have also declined 4.7% 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 | 1.65% | |
| Energy | 0.99% | |
| Oil and Gas | 0.97% | |
| Oil and Gas Refining and Marketing | 2.03% | |
| Oil and Gas Exploration and Production | 1.89% | |
| Integrated Oil and Gas | 1.40% | |
| Oil and Gas Storage and Transportation | -0.69% | |
| Coal and Fuels | -2.80% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Refining and Marketing industry which is trading above its 3-year average PE ratio of 12.3x.
- Analysts are expecting annual earnings growth of 27.8%, which is higher than its past year's earnings decline of 63.9% per year.
- Investors are most pessimistic about the Oil and Gas Exploration and Production industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.4x.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 55% per year.
- In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings grow by 10% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| XOM Exxon Mobil | US$107.38 | 1.3% +US$6.1b | -9.6% | PE14.8x | |
| CVX Chevron | US$155.16 | 1.3% +US$4.1b | 5.7% | PE23x | |
| COP ConocoPhillips | US$95.65 | 3.3% +US$3.8b | -14.0% | PE13x | |
| EOG EOG Resources | US$119.79 | 3.3% +US$2.1b | -6.5% | PE11.4x | |
| PSX Phillips 66 | US$122.73 | 2.9% +US$1.4b | -11.5% | PE29x |
