Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Oil and Gas Industry Analysis

UpdatedSep 12, 2025
DataAggregated Company Financials
Companies338
  • 7D0.03%
  • 3M-0.5%
  • 1Y5.9%
  • YTD-0.7%

Over the last 7 days, the Oil and Gas industry has remained flat, although notably Williams Companies gained 3.0%. The past year has been better, since the industry has gained 5.9% in that time. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Sep 2025US$2.1tUS$1.7tUS$115.8b12.9x18.3x1.3x
Sun, 10 Aug 2025US$2.0tUS$1.7tUS$116.0b13.2x17.6x1.2x
Tue, 08 Jul 2025US$2.1tUS$1.7tUS$122.4b12.3x17.3x1.2x
Thu, 05 Jun 2025US$2.0tUS$1.7tUS$122.2b12.1x16.6x1.2x
Sat, 03 May 2025US$2.0tUS$1.7tUS$125.9b11.7x15.6x1.1x
Mon, 31 Mar 2025US$2.2tUS$1.7tUS$130.4b12.9x16.9x1.3x
Wed, 26 Feb 2025US$2.2tUS$1.7tUS$137.0b12.5x15.9x1.2x
Fri, 24 Jan 2025US$2.3tUS$1.8tUS$145.7b12.1x15.6x1.3x
Sun, 22 Dec 2024US$2.0tUS$1.8tUS$144.8b10.9x13.9x1.1x
Tue, 19 Nov 2024US$2.2tUS$1.8tUS$146.3b11.7x15.1x1.3x
Thu, 17 Oct 2024US$2.1tUS$1.8tUS$161.0b10.7x13.2x1.2x
Sat, 14 Sep 2024US$2.0tUS$1.8tUS$157.8b9.9x12.6x1.1x
Mon, 12 Aug 2024US$2.1tUS$1.8tUS$157.9b10.2x13.1x1.1x
Wed, 10 Jul 2024US$2.0tUS$1.8tUS$162.2b10.4x12.6x1.1x
Fri, 07 Jun 2024US$2.0tUS$1.8tUS$162.4b10.7x12.5x1.1x
Sun, 05 May 2024US$2.1tUS$1.8tUS$163.8b10x12.6x1.2x
Tue, 02 Apr 2024US$2.2tUS$1.8tUS$193.2b9.6x11.3x1.2x
Thu, 29 Feb 2024US$2.0tUS$1.8tUS$194.7b8.7x10.2x1.1x
Sat, 27 Jan 2024US$2.0tUS$1.9tUS$227.5b7.9x8.9x1.1x
Mon, 25 Dec 2023US$2.0tUS$1.9tUS$230.1b7.8x8.9x1.1x
Wed, 22 Nov 2023US$2.0tUS$1.9tUS$230.5b7.9x8.8x1.1x
Fri, 20 Oct 2023US$2.2tUS$2.0tUS$261.5b6.6x8.3x1.1x
Sun, 17 Sep 2023US$2.1tUS$2.0tUS$261.4b6.7x8.2x1.1x
Tue, 15 Aug 2023US$2.1tUS$2.0tUS$261.5b6.8x8x1x
Thu, 13 Jul 2023US$2.0tUS$2.2tUS$307.3b5.6x6.5x0.9x
Sat, 10 Jun 2023US$1.9tUS$2.2tUS$307.3b5.4x6.3x0.9x
Mon, 08 May 2023US$1.9tUS$2.2tUS$309.9b5.4x6.2x0.9x
Wed, 05 Apr 2023US$2.0tUS$2.2tUS$275.3b6x7.3x0.9x
Fri, 03 Mar 2023US$2.0tUS$2.2tUS$275.5b6.5x7.3x0.9x
Sun, 29 Jan 2023US$2.2tUS$2.2tUS$258.6b7.1x8.4x1x
Tue, 27 Dec 2022US$2.1tUS$2.2tUS$254.2b7.1x8.2x1x
Thu, 24 Nov 2022US$2.2tUS$2.1tUS$254.1b7.6x8.7x1x
Sat, 22 Oct 2022US$2.1tUS$1.9tUS$190.1b9.8x11.1x1.1x
Mon, 19 Sep 2022US$1.9tUS$1.9tUS$190.1b9.5x10.2x1x
Price to Earnings Ratio

10.2x


Total Market Cap: US$1.9tTotal Earnings: US$190.1bTotal Revenue: US$1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 11.4x202320242025
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 18.3x which is higher than its 3-year average PE of 11.4x.
  • 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 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 Market1.80%
Energy0.09%
Oil and Gas0.03%
Coal and Fuels4.77%
Oil and Gas Refining and Marketing1.06%
Oil and Gas Storage and Transportation0.43%
Integrated Oil and Gas-0.066%
Oil and Gas Exploration and Production-0.78%
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 13.9x.
    • Analysts are expecting annual earnings growth of 27.6%, 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 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 41% 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?

CompanyLast Price7D1YValuation
WMB Williams CompaniesUS$59.333.0%
+US$2.1b		31.6%PE29.9x
VG Venture GlobalUS$13.756.8%
+US$2.1b		n/aPE25.9x
KMI Kinder MorganUS$27.573.2%
+US$1.9b		31.7%PE22.6x
CVX ChevronUS$158.250.4%
+US$1.1b		13.7%PE23.4x
MPC Marathon PetroleumUS$182.311.9%
+US$1.0b		12.9%PE26x

Latest News

VG
US$13.75
Venture Global
7D
6.8%
1Y
n/a
PSX
US$132.52
Phillips 66
7D
0.7%
1Y
5.4%
XOM
US$112.14
Exxon Mobil
7D
-0.2%
1Y
0.8%
CVX
US$158.25
Chevron
7D
0.4%
1Y
13.7%

Permian Production And Renewables Will Shape Enduring Value

Analysts have raised their price target for Chevron, citing resilient Q2 results, improved refining margins, strong resource depth, and long-term support from rising natural gas demand, partially offset by integration risks post-acquisition, resulting in a modest upward revision of fair value to $168.78. Analyst Commentary Bullish analysts highlight Chevron’s strong second-quarter results, demonstrating resilience and outperformance among integrated oil companies due to a diversified asset portfolio and reliable shareholder returns.
MPC
US$182.31
Marathon Petroleum
7D
1.9%
1Y
12.9%
VLO
US$157.59
Valero Energy
7D
1.4%
1Y
17.5%
LEU
US$224.32
Centrus Energy
7D
12.7%
1Y
469.3%

Delayed DOE Awards Will Hinder Nuclear Fuel Potential

Centrus Energy’s fair value target has increased to $238.46 as analysts cite strengthened industry position from major partnership agreements, extended federal contracts, and strategic importance in advanced nuclear supply chains—despite minor revenue misses—amid strong policy and investor support for domestic nuclear enrichment. Analyst Commentary Bullish analysts highlight Centrus' signing of an MOU with major Korean nuclear and industrial partners as a strong signal of industry confidence in its enrichment technology and role in the domestic nuclear fuel supply chain.
WMB
US$59.33
Williams Companies
7D
3.0%
1Y
31.6%

Is Williams Companies (NYSE:WMB) Using Too Much Debt?

Sep 05
Is Williams Companies (NYSE:WMB) Using Too Much Debt?
OXY
US$46.02
Occidental Petroleum
7D
-1.3%
1Y
-9.7%
FANG
US$138.42
Diamondback Energy
7D
-3.0%
1Y
-19.0%
OKE
US$73.30
ONEOK
7D
-1.5%
1Y
-19.0%

Global Energy Demand Will Empower US Midstream Expansion

ONEOK’s consensus price target was modestly reduced to $96.44 as analysts weighed ongoing commodity price and macroeconomic headwinds, limited near-term NGL growth opportunities, and sector uncertainty against strong execution, synergy benefits, and robust EBITDA, resulting in a slight downward revision of fair value. Analyst Commentary Analyst price target reductions reflect ongoing commodity price headwinds and macroeconomic volatility, particularly concerns about lower hydrocarbon prices into 2026.
EQT
US$50.96
EQT
7D
-1.6%
1Y
55.1%

EQT Corporation (NYSE:EQT) Shares Could Be 49% Below Their Intrinsic Value Estimate

Aug 17
EQT Corporation (NYSE:EQT) Shares Could Be 49% Below Their Intrinsic Value Estimate
KMI
US$27.57
Kinder Morgan
7D
3.2%
1Y
31.7%

Kinder Morgan (NYSE:KMI) Takes On Some Risk With Its Use Of Debt

Aug 17
Kinder Morgan (NYSE:KMI) Takes On Some Risk With Its Use Of Debt
COP
US$94.13
ConocoPhillips
7D
-1.7%
1Y
-8.5%
EOG
US$120.00
EOG Resources
7D
-1.3%
1Y
1.5%
NEXT
US$7.66
NextDecade
7D
-26.8%
1Y
66.9%