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U.S. Oil and Gas Industry Analysis

UpdatedNov 06, 2025
DataAggregated Company Financials
Companies344
  • 7D-1.1%
  • 3M0.9%
  • 1Y-6.0%
  • YTD-3.4%

Over the last 7 days, the Oil and Gas industry has dropped 1.1%, driven by Exxon Mobil declining 2.4%. On the other hand EQT is actually up 8.1%. However, the industry is down 6.0% 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
Thu, 06 Nov 2025US$2.0tUS$1.7tUS$118.3b12.8x17.3x1.2x
Sat, 04 Oct 2025US$2.1tUS$1.7tUS$115.9b13.4x18.2x1.3x
Mon, 01 Sep 2025US$2.1tUS$1.7tUS$116.3b13.3x18.4x1.3x
Wed, 30 Jul 2025US$2.1tUS$1.7tUS$121.3b12.8x17.5x1.2x
Fri, 27 Jun 2025US$2.1tUS$1.7tUS$122.2b12.3x17x1.2x
Sun, 25 May 2025US$2.0tUS$1.7tUS$122.0b11.7x16.3x1.1x
Tue, 22 Apr 2025US$2.0tUS$1.7tUS$130.3b11.2x15.1x1.1x
Thu, 20 Mar 2025US$2.2tUS$1.7tUS$130.5b13x16.7x1.3x
Sat, 15 Feb 2025US$2.2tUS$1.7tUS$141.1b11.6x15.4x1.2x
Mon, 13 Jan 2025US$2.1tUS$1.8tUS$144.9b11.7x14.7x1.2x
Wed, 11 Dec 2024US$2.2tUS$1.8tUS$145.0b10.9x14.8x1.2x
Fri, 08 Nov 2024US$2.2tUS$1.8tUS$147.8b11x14.9x1.2x
Sun, 06 Oct 2024US$2.2tUS$1.8tUS$160.9b11x13.6x1.2x
Tue, 03 Sep 2024US$2.1tUS$1.8tUS$157.8b10.3x13.4x1.2x
Thu, 01 Aug 2024US$2.1tUS$1.8tUS$159.5b11.2x13.1x1.2x
Sat, 29 Jun 2024US$2.1tUS$1.8tUS$162.2b10.9x12.7x1.2x
Mon, 27 May 2024US$2.0tUS$1.8tUS$160.9b10.5x12.7x1.2x
Wed, 24 Apr 2024US$2.2tUS$1.8tUS$192.7b9.6x11.5x1.2x
Fri, 22 Mar 2024US$2.1tUS$1.8tUS$193.2b9.1x11x1.2x
Sun, 18 Feb 2024US$2.0tUS$1.8tUS$203.0b8.4x9.7x1.1x
Tue, 16 Jan 2024US$2.0tUS$1.9tUS$230.1b7.8x8.7x1.1x
Thu, 14 Dec 2023US$1.9tUS$1.9tUS$230.3b7.6x8.4x1x
Sat, 11 Nov 2023US$2.0tUS$1.9tUS$230.6b7.7x8.6x1x
Mon, 09 Oct 2023US$2.0tUS$2.0tUS$261.6b6.5x7.8x1x
Wed, 06 Sep 2023US$2.1tUS$2.0tUS$261.4b6.6x8.2x1.1x
Fri, 04 Aug 2023US$2.0tUS$2.0tUS$264.9b6.8x7.7x1x
Sun, 02 Jul 2023US$2.0tUS$2.2tUS$307.3b5.5x6.4x0.9x
Tue, 30 May 2023US$1.9tUS$2.2tUS$307.5b5.3x6.2x0.9x
Thu, 27 Apr 2023US$2.0tUS$2.2tUS$274.7b5.7x7.2x0.9x
Sat, 25 Mar 2023US$1.9tUS$2.2tUS$275.3b5.6x6.8x0.8x
Mon, 20 Feb 2023US$2.0tUS$2.2tUS$268.0b6.6x7.5x0.9x
Wed, 18 Jan 2023US$2.1tUS$2.2tUS$254.2b7.1x8.4x1x
Fri, 16 Dec 2022US$2.0tUS$2.2tUS$254.2b7.1x8x0.9x
Sun, 13 Nov 2022US$2.2tUS$2.1tUS$253.3b7.7x8.8x1x
Price to Earnings Ratio

8.8x


Total Market Cap: US$2.2tTotal Earnings: US$253.3bTotal Revenue: US$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 11.8x202320242025
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 17.3x which is higher than its 3-year average PE of 11.8x.
  • 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 22% per year over the last three years,
  • Revenues have also declined 7.6% 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-1.58%
Energy-1.11%
Oil and Gas-1.10%
Oil and Gas Storage and Transportation0.26%
Oil and Gas Exploration and Production0.035%
Integrated Oil and Gas-2.06%
Oil and Gas Refining and Marketing-2.31%
Coal and Fuels-7.71%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 11.5x.
    • Analysts are expecting annual earnings growth of 53.7%, which is higher than its past year's earnings decline of 31.1% 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 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings decline of 31% per year.
  • In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings grow by 8.6% 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
EQT EQTUS$55.998.1%
+US$2.6b		39.2%PE19.6x
TRGP Targa ResourcesUS$162.697.5%
+US$2.4b		-12.6%PE23x
EXE Expand EnergyUS$110.059.6%
+US$2.3b		19.2%PE30.2x
CTRA Coterra EnergyUS$25.7510.3%
+US$1.8b		4.9%PE11.9x
CRK Comstock ResourcesUS$21.1420.7%
+US$1.1b		64.0%PE91.8x

Latest News

TRGP
US$162.69
Targa Resources
7D
7.5%
1Y
-12.6%
FANG
US$137.29
Diamondback Energy
7D
-4.4%
1Y
-25.2%
CRK
US$21.14
Comstock Resources
7D
20.7%
1Y
64.0%
GPOR
US$196.90
Gulfport Energy
7D
8.8%
1Y
27.5%
MPC
US$186.18
Marathon Petroleum
7D
-4.9%
1Y
19.9%
WMB
US$57.54
Williams Companies
7D
1.0%
1Y
4.0%
EXE
US$110.05
Expand Energy
7D
9.6%
1Y
19.2%
VG
US$7.75
Venture Global
7D
-11.9%
1Y
n/a
CTRA
US$25.75
Coterra Energy
7D
10.3%
1Y
4.9%
RRC
US$37.07
Range Resources
7D
5.9%
1Y
12.9%

RRC: Medium-Term Demand From LNG Exports And Datacenters Will Drive Upside

The consensus analyst price target for Range Resources has softened slightly, dropping from $41.96 to $41.79 per share. Analysts point to persistent commodity headwinds and near-term challenges in natural gas markets as key drivers of the revision.
CVX
US$152.66
Chevron
7D
-1.6%
1Y
-3.2%

CVX: Upcoming Investor Day Will Preview Long-Term Production and Dividend Upside

Chevron's analyst price target has risen from $168.78 to $172.04 per share. Analysts cite solid Q3 results, operational outperformance, and positive expectations ahead of its upcoming investor day as key factors supporting the upward adjustment.
XOM
US$113.68
Exxon Mobil
7D
-2.4%
1Y
-6.0%

XOM: Future Dividend Strength And Global Projects Will Balance Sector Risks

Exxon Mobil's analyst price target has increased slightly from $126.16 to $126.88, as analysts cite higher projected revenue growth and improved profit margins, despite mixed signals in recent industry research. Analyst Commentary Recent street research on Exxon Mobil presents a nuanced outlook, with both bullish and bearish analysts weighing in on the company's prospects.
EQT
US$55.99
EQT
7D
8.1%
1Y
39.2%

EQT: Expanding LNG Exports And Data Center Demand Will Drive Future Upside

EQT’s analyst price target has decreased modestly, falling by about $0.22. Analysts point to slightly lower revenue growth expectations and a higher discount rate.
LNG
US$205.63
Cheniere Energy
7D
-2.6%
1Y
3.9%
LEU
US$325.73
Centrus Energy
7D
-16.7%
1Y
274.0%
UEC
US$13.07
Uranium Energy
7D
-16.1%
1Y
73.6%