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

U.S. Oil and Gas Industry Analysis

UpdatedJul 19, 2026
DataAggregated Company Financials
Companies345
  • 7D5.0%
  • 3M5.0%
  • 1Y28.5%
  • YTD25.4%

Over the last 7 days, the Oil and Gas industry has risen 5.0%, driven by gains from ExxonMobil Holdings of 6.1%. This takes the industry's 12 month performance to a gain of 28%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 Jul 2026US$2.6tUS$1.7tUS$116.0b13.9x22.8x1.5x
Tue, 16 Jun 2026US$2.6tUS$1.7tUS$116.0b13x22.2x1.5x
Thu, 14 May 2026US$2.6tUS$1.7tUS$115.7b14.4x22.6x1.5x
Sat, 11 Apr 2026US$2.6tUS$1.7tUS$122.4b15.1x21.5x1.5x
Mon, 09 Mar 2026US$2.6tUS$1.7tUS$122.4b15.2x21.3x1.5x
Wed, 04 Feb 2026US$2.3tUS$2.3tUS$154.0b14x15x1x
Fri, 02 Jan 2026US$2.1tUS$1.7tUS$117.7b13.1x17.8x1.2x
Sun, 30 Nov 2025US$2.1tUS$1.7tUS$116.2b13.4x18.2x1.2x
Tue, 28 Oct 2025US$2.1tUS$1.7tUS$117.2b13.1x17.8x1.2x
Thu, 25 Sep 2025US$2.1tUS$1.7tUS$115.9b13.4x18.4x1.3x
Sat, 23 Aug 2025US$2.1tUS$1.7tUS$116.2b13.2x17.7x1.2x
Mon, 21 Jul 2025US$2.0tUS$1.7tUS$120.3b12.2x16.9x1.2x
Wed, 18 Jun 2025US$2.1tUS$1.7tUS$122.2b13.1x17.4x1.2x
Fri, 16 May 2025US$2.1tUS$1.7tUS$122.5b12.2x16.9x1.2x
Sun, 13 Apr 2025US$1.9tUS$1.7tUS$130.3b11.4x14.6x1.1x
Tue, 11 Mar 2025US$2.1tUS$1.7tUS$130.7b12.3x15.8x1.2x
Thu, 06 Feb 2025US$2.2tUS$1.8tUS$142.8b12.1x15.4x1.3x
Sat, 04 Jan 2025US$2.1tUS$1.8tUS$144.9b11.3x14.4x1.2x
Mon, 02 Dec 2024US$2.3tUS$1.8tUS$145.0b11.6x15.6x1.3x
Wed, 30 Oct 2024US$2.1tUS$1.8tUS$158.5b10.8x13.3x1.2x
Fri, 27 Sep 2024US$2.1tUS$1.8tUS$157.8b9.9x13.1x1.1x
Sun, 25 Aug 2024US$2.1tUS$1.8tUS$157.8b10.4x13.1x1.1x
Tue, 23 Jul 2024US$2.1tUS$1.8tUS$162.1b11.3x12.9x1.2x
Thu, 20 Jun 2024US$2.0tUS$1.8tUS$162.2b10.5x12.3x1.1x
Sat, 18 May 2024US$2.1tUS$1.8tUS$161.1b10.6x13x1.2x
Mon, 15 Apr 2024US$2.2tUS$1.8tUS$192.6b10.1x11.5x1.2x
Wed, 13 Mar 2024US$2.0tUS$1.8tUS$193.4b8.5x10.6x1.1x
Fri, 09 Feb 2024US$1.9tUS$1.8tUS$205.4b8x9.4x1.1x
Sun, 07 Jan 2024US$2.0tUS$1.9tUS$230.1b7.8x8.9x1.1x
Tue, 05 Dec 2023US$2.0tUS$1.9tUS$230.4b7.8x8.8x1.1x
Thu, 02 Nov 2023US$2.0tUS$1.9tUS$239.1b6.8x8.5x1.1x
Sat, 30 Sep 2023US$2.2tUS$2.0tUS$261.5b6.6x8.3x1.1x
Mon, 28 Aug 2023US$2.1tUS$2.0tUS$261.4b6.5x7.9x1x
Wed, 26 Jul 2023US$2.0tUS$2.2tUS$306.8b6x6.7x0.9x
Price to Earnings Ratio

6.7x


Total Market Cap: US$2.0tTotal Earnings: US$306.8bTotal 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 22.8x 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-1.97%
Energy4.35%
Oil and Gas4.96%
Oil and Gas Refining and Marketing10.31%
Integrated Oil and Gas6.02%
Oil and Gas Exploration and Production5.05%
Oil and Gas Storage and Transportation1.32%
Coal and Fuels-5.09%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 40.4x.
    • Analysts are expecting annual earnings growth of 56.2%, 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 56% 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$147.366.1%
+US$35.1b		36.7%PE24.1x
CVX ChevronUS$187.386.2%
+US$21.7b		24.9%PE33.7x
VLO Valero EnergyUS$309.6510.3%
+US$8.6b		111.9%PE21.9x
MPC Marathon PetroleumUS$312.6010.2%
+US$8.4b		79.4%PE19.7x
PSX Phillips 66US$206.869.8%
+US$7.4b		64.3%PE20.2x

Latest News

COP
US$114.71
ConocoPhillips
7D
5.2%
1Y
25.2%
CVX
US$187.38
Chevron
7D
6.2%
1Y
24.9%
PSX
US$206.86
Phillips 66
7D
9.8%
1Y
64.3%
BTU
US$22.44
Peabody Energy
7D
-4.0%
1Y
44.3%
LEU
US$156.05
Centrus Energy
7D
-8.8%
1Y
-37.4%
New Narrative • Jul 17

Centrus Energy: The Next Nuclear Bottleneck Isn't Reactors. It's Fuel.

Summary Centrus Energy (LEU) offers the most direct public-market exposure to U.S. HALEU production, a critical bottleneck for advanced nuclear deployment. HALEU fuel scarcity could constrain next-gen reactor rollouts, making LEU's enrichment capabilities strategically vital as AI-driven electricity demand surges.
VG
US$13.80
Venture Global
7D
12.7%
1Y
-13.2%
VLO
US$309.65
Valero Energy
7D
10.3%
1Y
111.9%
WMB
US$73.38
Williams Companies
7D
-2.2%
1Y
23.6%
Narrative Update • Jul 16

WMB: Future Data Center Projects And Deals Will Test Execution Risk

The analyst price target for Williams Companies has been revised higher to $71.03 from $67.04, as analysts point to the Blackstone backed Power Innovation joint venture, increased balance sheet flexibility, and a higher assumed future P/E multiple as key supports for the new valuation framework. Analyst Commentary Recent research on Williams Companies highlights a mix of optimism around the Power Innovation joint venture and more cautious views on how quickly that value may be reflected in the stock.
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.
MPC
US$312.60
Marathon Petroleum
7D
10.2%
1Y
79.4%
FRO
US$36.49
Frontline
7D
-4.3%
1Y
99.1%
Seeking Alpha • Jul 12

Frontline: Q2 Is Already In The Bank - Maintaining Strong Buy

Summary Frontline plc remains a Strong Buy with a $52 price target, implying 42% upside from current levels. Q2 earnings are largely locked in, with 82% of VLCC days fixed at $181,700/day, supporting a potential 9.3% quarterly dividend yield. Spot and time charter rates remain robust post-peace framework, with structural tightness expected through 2027 despite a record orderbook. Risks include a durable peace settlement compressing rates and headline-driven volatility; position sizing is crucial for managing event risk. Read the full article on Seeking Alpha
UEC
US$9.28
Uranium Energy
7D
-11.9%
1Y
15.6%
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%
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.
INSW
US$86.76
International Seaways
7D
-1.9%
1Y
123.1%
Narrative Update • Jul 07

INSW: Tanker Market Tailwinds And Dividend Payouts Will Shape Balanced Return Outlook

Analysts have lifted their average price target on International Seaways from about $75.20 to roughly $92.83, citing updated tanker market views that include higher published targets up to $100, alongside some valuation-driven caution after the stock's recent rally. Analyst Commentary Recent research updates on International Seaways reflect a mix of enthusiasm about the tanker backdrop and caution tied to how far the stock has already run.
GLNG
US$49.65
Golar LNG
7D
-3.1%
1Y
21.1%
Narrative Update • Jul 02

GLNG: Future Project Execution Will Drive Upside Case For This Name

Analysts have raised the fair value estimate for Golar LNG to $70 from $66, citing updated views on project execution for Hilli, Gimi and the MK II Fuji FLNG asset, along with revised assumptions on profitability and future P/E levels. Analyst Commentary on Golar LNG Recent Street research on Golar LNG highlights a mix of optimism and caution, with several bullish analysts pointing to project execution on Hilli, Gimi and the MK II Fuji FLNG asset as key inputs into their valuation work.