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U.S. Oil and Gas Industry Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies349
  • 7D-2.9%
  • 3M-0.1%
  • 1Y-8.2%
  • YTD-1.7%

Over the last 7 days, the Oil and Gas industry has dropped 2.9%, driven by a pullback from Chevron of 4.8%. However, the industry is down 8.2% over the past year. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Nov 2025US$2.1tUS$1.7tUS$116.7b13.3x18.2x1.3x
Mon, 20 Oct 2025US$2.0tUS$1.7tUS$115.9b12.6x17.7x1.2x
Wed, 17 Sep 2025US$2.1tUS$1.7tUS$115.8b13.2x18.1x1.2x
Fri, 15 Aug 2025US$2.1tUS$1.7tUS$116.2b13.2x17.7x1.2x
Sun, 13 Jul 2025US$2.1tUS$1.7tUS$122.4b12.5x17.5x1.2x
Tue, 10 Jun 2025US$2.0tUS$1.7tUS$122.2b12.1x16.6x1.2x
Thu, 08 May 2025US$1.9tUS$1.7tUS$122.6b11.4x15.9x1.1x
Sat, 05 Apr 2025US$2.1tUS$1.7tUS$130.3b11.3x16x1.2x
Mon, 03 Mar 2025US$2.2tUS$1.7tUS$130.9b12.3x16.6x1.3x
Wed, 29 Jan 2025US$2.2tUS$1.8tUS$145.7b11.9x15.2x1.3x
Fri, 27 Dec 2024US$2.0tUS$1.8tUS$144.8b10.9x14.1x1.2x
Sun, 24 Nov 2024US$2.3tUS$1.8tUS$145.1b11.6x15.7x1.3x
Tue, 22 Oct 2024US$2.1tUS$1.8tUS$161.1b10.6x13.3x1.2x
Thu, 19 Sep 2024US$2.1tUS$1.8tUS$157.8b10.3x13.1x1.1x
Sat, 17 Aug 2024US$2.1tUS$1.8tUS$157.8b10.4x13.3x1.2x
Mon, 15 Jul 2024US$2.1tUS$1.8tUS$162.2b11.1x12.7x1.2x
Wed, 12 Jun 2024US$2.0tUS$1.8tUS$162.4b10.8x12.6x1.1x
Fri, 10 May 2024US$2.1tUS$1.8tUS$161.4b10.5x12.9x1.2x
Sun, 07 Apr 2024US$2.3tUS$1.8tUS$192.5b10.3x11.7x1.2x
Tue, 05 Mar 2024US$2.0tUS$1.8tUS$193.9b8.5x10.3x1.1x
Thu, 01 Feb 2024US$2.1tUS$1.9tUS$225.9b7.9x9.1x1.1x
Sat, 30 Dec 2023US$2.0tUS$1.9tUS$230.1b7.7x8.8x1.1x
Mon, 27 Nov 2023US$2.0tUS$1.9tUS$230.4b8x8.8x1.1x
Wed, 25 Oct 2023US$2.1tUS$2.0tUS$262.0b6.5x8x1x
Fri, 22 Sep 2023US$2.1tUS$2.0tUS$261.4b6.5x8x1x
Sun, 20 Aug 2023US$2.1tUS$2.0tUS$261.3b6.8x8x1x
Tue, 18 Jul 2023US$1.9tUS$2.2tUS$307.3b5.6x6.3x0.9x
Thu, 15 Jun 2023US$1.9tUS$2.2tUS$307.3b5.3x6.3x0.9x
Sat, 13 May 2023US$1.9tUS$2.2tUS$307.5b5x6.2x0.9x
Mon, 10 Apr 2023US$2.0tUS$2.2tUS$273.8b6x7.4x0.9x
Wed, 08 Mar 2023US$2.0tUS$2.2tUS$275.5b6.4x7.3x0.9x
Fri, 03 Feb 2023US$2.1tUS$2.2tUS$266.6b6.6x7.7x0.9x
Sun, 01 Jan 2023US$2.1tUS$2.2tUS$254.1b7x8.1x1x
Tue, 29 Nov 2022US$2.1tUS$2.1tUS$253.9b7.5x8.4x1x
Price to Earnings Ratio

8.4x


Total Market Cap: US$2.1tTotal Earnings: US$253.9bTotal Revenue: US$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 11.9x202320242025
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 18.2x which is higher than its 3-year average PE of 11.9x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 23% per year over the last three years,
  • Revenues have also declined 7.5% 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-2.08%
Energy-2.81%
Oil and Gas-2.89%
Oil and Gas Storage and Transportation-1.19%
Integrated Oil and Gas-3.02%
Oil and Gas Exploration and Production-3.62%
Oil and Gas Refining and Marketing-4.68%
Coal and Fuels-5.77%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 12.6x.
    • Analysts are expecting annual earnings growth of 59.2%, which is higher than its past year's earnings decline of 15.3% 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 10.8x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 59% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings grow by 9.3% 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
PR Permian ResourcesUS$13.932.2%
+US$223.5m		-14.1%PE12.8x
SUNC SunocoCorpUS$52.196.6%
+US$165.3m		n/an/a
DTM DT MidstreamUS$116.890.8%
+US$96.6m		7.7%PE29.5x
FRO FrontlineUS$25.901.6%
+US$93.5m		32.5%PE24.2x
NFE New Fortress EnergyUS$1.2115.2%
+US$45.5m		-87.6%PS0.2x

Latest News

PSX
US$133.72
Phillips 66
7D
-6.0%
1Y
0.3%
MUR
US$30.69
Murphy Oil
7D
0.8%
1Y
-8.1%
PR
US$13.93
Permian Resources
7D
2.2%
1Y
-14.1%
CVX
US$149.98
Chevron
7D
-4.8%
1Y
-7.6%

CVX: Dividend Strength And Asset Synergies Will Drive Shareholder Returns

Chevron's analyst price target has increased modestly to $172.80 from $172.04. Analysts cite strong Q3 financial performance, improving profit margins, and confidence in future cash flow and dividend growth as key factors for the upward revision.
VLO
US$173.45
Valero Energy
7D
-4.6%
1Y
23.1%

VLO: Future Performance Will Reflect Industry Cyclicality And Robust Capital Return

Valero Energy's analyst price target has increased modestly from $180.78 to $182.22 per share. Analysts cite the company's strong earnings momentum, robust operating margins, and a constructive outlook for high-quality product demand as key drivers of the upward revision.
XOM
US$117.08
Exxon Mobil
7D
-1.9%
1Y
-3.9%

XOM: Free Cash Flow Strength And Cost Savings Will Offset Industry Volatility

Exxon Mobil’s analyst price target has increased from $141 to $144 per share, with analysts citing the company’s resilient free cash flow and ongoing structural cost savings as key drivers for the modest upgrade. Analyst Commentary Recent research updates from Street analysts reflect a mix of optimism around Exxon Mobil’s positioning and growth prospects, as well as some reservations regarding the near-term outlook for the energy sector.
DTM
US$116.89
DT Midstream
7D
0.8%
1Y
7.7%

DTM: Expansion Execution And Competition Will Shape Performance Beyond 2028

Analysts raised their price target for DT Midstream by $12.58 to $128, citing positive developments such as the successful open season for the Guardian expansion as key drivers for improved valuation. Analyst Commentary Bullish Takeaways Bullish analysts have increased their price targets, reflecting growing confidence in DT Midstream's growth prospects.
FLNG
US$26.90
FLEX LNG
7D
1.9%
1Y
2.1%
FRO
US$25.90
Frontline
7D
1.6%
1Y
32.5%

FRO: Winter Season Will Shape Earnings Amid Modern Fleet Advantage

Analysts have increased their price target for Frontline from $27.20 to $27.80 per share, citing improved profit margin forecasts and a favorable outlook for the company's modern tanker fleet this winter. Analyst Commentary Recent Street Research highlights a generally optimistic outlook on Frontline, with analysts adjusting their models and price targets upward ahead of the winter tanker season.
SUNC
US$52.19
SunocoCorp
7D
6.6%
1Y
n/a
NFE
US$1.21
New Fortress Energy
7D
15.2%
1Y
-87.6%

NFE: Shares Will Rally On $4 Billion Puerto Rico LNG Agreement

Narrative Update on New Fortress Energy Analysts have lowered their price target for New Fortress Energy from $3.38 to $1.00. This change is attributed to revised profit margin estimates and a more conservative outlook on future earnings growth.
COP
US$87.37
ConocoPhillips
7D
-4.4%
1Y
-21.8%

Earnings Troubles May Signal Larger Issues for ConocoPhillips (NYSE:COP) Shareholders

Nov 13
Earnings Troubles May Signal Larger Issues for ConocoPhillips (NYSE:COP) Shareholders
SOC
US$4.47
Sable Offshore
7D
6.7%
1Y
-81.4%
MPC
US$190.62
Marathon Petroleum
7D
-4.7%
1Y
20.3%

MPC: Capital Returns And Midstream Strength Will Balance Margin Volatility Ahead

Marathon Petroleum’s analyst price target rose slightly from $196.11 to $197.50, as analysts cite ongoing capital discipline and midstream strength, despite soft spots in recent results. Analyst Commentary Recent analyst reports on Marathon Petroleum reflect a mix of optimism and caution, as perspectives diverge on the company’s valuation and future prospects.
TPL
US$896.43
Texas Pacific Land
7D
-12.3%
1Y
-48.2%
LNG
US$205.50
Cheniere Energy
7D
-4.5%
1Y
-7.7%