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U.S. Oil and Gas Industry Analysis

UpdatedJun 21, 2026
DataAggregated Company Financials
Companies342
  • 7D-5.6%
  • 3M-10.8%
  • 1Y15.3%
  • YTD15.7%

Over the last 7 days, the Oil and Gas industry has dropped 5.6%, driven by a pullback from Exxon Mobil of 6.3%. In the past year, the industry has gained 15%. 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
Sun, 21 Jun 2026US$2.4tUS$1.7tUS$116.0b12.9x20.9x1.4x
Tue, 19 May 2026US$2.7tUS$1.7tUS$115.6b14.9x23.4x1.6x
Thu, 16 Apr 2026US$2.6tUS$1.7tUS$123.7b14.8x20.8x1.5x
Sat, 14 Mar 2026US$2.6tUS$1.7tUS$122.4b15.4x21.6x1.5x
Mon, 09 Feb 2026US$2.4tUS$1.7tUS$120.5b14.1x20.2x1.4x
Wed, 07 Jan 2026US$2.2tUS$1.7tUS$117.7b13.1x18.4x1.3x
Fri, 05 Dec 2025US$2.1tUS$1.7tUS$116.2b13.8x18.5x1.3x
Sun, 02 Nov 2025US$2.1tUS$1.7tUS$117.5b12.9x17.6x1.2x
Tue, 30 Sep 2025US$2.2tUS$1.7tUS$115.8b13.6x18.9x1.3x
Thu, 28 Aug 2025US$2.1tUS$1.7tUS$116.5b13.2x18.1x1.2x
Sat, 26 Jul 2025US$2.1tUS$1.7tUS$121.4b12.5x17.4x1.2x
Mon, 23 Jun 2025US$2.2tUS$1.7tUS$122.2b12.6x17.7x1.2x
Wed, 21 May 2025US$2.0tUS$1.7tUS$122.2b11.9x16.7x1.2x
Fri, 18 Apr 2025US$1.9tUS$1.7tUS$130.3b11.5x14.8x1.1x
Sun, 16 Mar 2025US$2.1tUS$1.7tUS$130.7b12.7x16.3x1.2x
Tue, 11 Feb 2025US$2.2tUS$1.8tUS$142.0b11.9x15.2x1.2x
Thu, 09 Jan 2025US$2.1tUS$1.8tUS$144.9b11.5x14.6x1.2x
Sat, 07 Dec 2024US$2.2tUS$1.8tUS$145.0b10.9x15.1x1.2x
Mon, 04 Nov 2024US$2.1tUS$1.8tUS$150.2b10.7x13.9x1.2x
Wed, 02 Oct 2024US$2.1tUS$1.8tUS$160.5b10.9x12.9x1.2x
Fri, 30 Aug 2024US$2.1tUS$1.8tUS$157.8b10.4x13.2x1.2x
Sun, 28 Jul 2024US$2.1tUS$1.8tUS$160.3b10.9x12.9x1.2x
Tue, 25 Jun 2024US$2.0tUS$1.8tUS$162.1b11x12.4x1.1x
Thu, 23 May 2024US$2.1tUS$1.8tUS$160.9b10.6x13x1.2x
Sat, 20 Apr 2024US$2.2tUS$1.8tUS$192.7b9.3x11.2x1.2x
Mon, 18 Mar 2024US$2.1tUS$1.8tUS$193.3b8.6x10.8x1.2x
Wed, 14 Feb 2024US$1.9tUS$1.8tUS$206.3b8x9.3x1x
Fri, 12 Jan 2024US$2.0tUS$1.9tUS$230.1b7.7x8.6x1x
Sun, 10 Dec 2023US$2.0tUS$1.9tUS$230.3b7.8x8.5x1x
Tue, 07 Nov 2023US$2.1tUS$1.9tUS$235.7b6.8x8.8x1.1x
Thu, 05 Oct 2023US$2.1tUS$2.0tUS$261.5b6.3x8.1x1x
Sat, 02 Sep 2023US$2.1tUS$2.0tUS$261.4b6.7x8.1x1.1x
Mon, 31 Jul 2023US$2.0tUS$2.1tUS$285.8b6.1x7.1x1x
Wed, 28 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 14.4x202420252026
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 20.9x which is higher than its 3-year average PE of 14.4x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
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 Market1.39%
Energy-6.05%
Oil and Gas-5.59%
Coal and Fuels0.50%
Oil and Gas Storage and Transportation-2.11%
Oil and Gas Exploration and Production-6.65%
Integrated Oil and Gas-6.73%
Oil and Gas Refining and Marketing-7.74%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 34.0x.
    • Analysts are expecting annual earnings growth of 55.4%, 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 21.9x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 55% 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 4.8% 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$73.121.4%
+US$1.3b		20.9%PE32.1x
LEU Centrus EnergyUS$191.3917.7%
+US$566.8m		0.7%PE62.1x
UEC Uranium EnergyUS$12.018.9%
+US$485.0m		85.9%PS294.2x
FRO FrontlineUS$40.934.8%
+US$414.1m		115.6%PE10.1x
DHT DHT HoldingsUS$18.897.5%
+US$212.6m		60.9%PE9.2x

Latest News

LEU
US$191.39
Centrus Energy
7D
17.7%
1Y
0.7%
Analysis Article • 9h

Centrus Energy (LEU) Stock Could Be 42% Below Fair Value After Oklo HALEU Deal

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FRO
US$40.93
Frontline
7D
4.8%
1Y
115.6%
Analysis Article • Jun 20

Frontline (FRO) Stock Could Be 39.36% Below Fair Value As Momentum Builds

Frontline stock: why momentum and valuation are drawing fresh interest Frontline (NYSE:FRO) has moved onto more investor watchlists after its stock showed leading momentum in its industry, with technical indicators flashing potential buy signals and traders watching nearby support and resistance levels. See our latest analysis for Frontline. At a share price of $40.93, Frontline has seen strong short term momentum, with a 27.23% 90 day share price return and a very large 5 year total...
COP
US$107.74
ConocoPhillips
7D
-7.9%
1Y
13.8%
Analysis Article • Jun 20

ConocoPhillips (COP) Stock Could Be 24.5% Undervalued on Its LNG Growth Narrative

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VG
US$11.02
Venture Global
7D
-15.7%
1Y
-42.0%
Analysis Article • Jun 20

Venture Global (VG) Stock Could Be 10.1% Undervalued After Recent Slide

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PSX
US$166.14
Phillips 66
7D
-7.4%
1Y
33.1%
Analysis Article • Jun 20

Phillips 66 (PSX) Stock Could Be 12.9% Undervalued on Its Growth Narrative

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MPC
US$242.91
Marathon Petroleum
7D
-7.8%
1Y
43.6%
Analysis Article • Jun 18

Marathon Petroleum (MPC) Stock Could Be 8.4% Undervalued After Strait Of Hormuz Reopened

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WMB
US$73.12
Williams Companies
7D
1.4%
1Y
20.9%
Narrative Update • Jun 18

WMB: Future Gas And Power Projects Will Support Growing Cash Flow Visibility

The analyst price target for Williams Companies has moved higher to $98. The change is tied to updated assumptions around Q1 earnings strength in Transmission, Power, and Gulf operations, incremental Transco-related contributions, and what analysts describe as a well supported dividend profile.
CVX
US$173.63
Chevron
7D
-7.3%
1Y
16.1%
Narrative Update • Jun 18

CVX: Tighter Oil Supply And Refining Margins Will Support Future Cash Returns

The analyst price target for Chevron stock has been reaffirmed at $216.04, with analysts citing higher oil price and refining crack assumptions alongside tighter global supply conditions as key supports for their updated view. Analyst Commentary Recent research on Chevron centers on how changing oil and gas assumptions feed into valuation, with several firms updating their price targets and ratings in response to tighter supply expectations and shifts in commodity pricing outlooks.
UEC
US$12.01
Uranium Energy
7D
8.9%
1Y
85.9%
Analysis Article • Jun 18

Uranium Energy (UEC) Stock Could Be 47.9% Undervalued After Burke Hollow Production Start

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DHT
US$18.89
DHT Holdings
7D
7.5%
1Y
60.9%
Analysis Article • Jun 18

DHT Holdings (DHT) Stock Could Be 49.7% Undervalued After New $250 Million Credit Facility

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XOM
US$137.81
Exxon Mobil
7D
-6.3%
1Y
20.1%
INSW
US$84.49
International Seaways
7D
3.0%
1Y
110.4%
Seeking Alpha • Jun 17

International Seaways: Caution Won't Hurt You, But There's Still Some Upside Here

Summary International Seaways, Inc. remains a buy as strong Q1 2026 results and robust tanker rates drive upside. INSW benefits from heavy spot exposure, a large 67-vessel fleet, and a prudent fixed charter mix, supporting revenue stability. Balance sheet strength—$377M liquidity, low net debt/EBITDA (0.8x), and long debt maturity—underpins operational resilience and dividends. Valuation remains attractive with a $96 target price; technicals suggest renewed buying opportunities after the recent pullback. Read the full article on Seeking Alpha
VLO
US$236.30
Valero Energy
7D
-8.6%
1Y
67.5%
NUAI
US$6.25
New Era Energy & Digital
7D
14.7%
1Y
1,080.1%
DTM
US$143.30
DT Midstream
7D
0.7%
1Y
34.8%
Narrative Update • Jun 11

DTM: Long Duration Gas Demand And Data Center Projects Will Shape Returns

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OXY
US$51.82
Occidental Petroleum
7D
-8.3%
1Y
13.6%