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U.S. Oil and Gas Industry Analysis

UpdatedSep 06, 2025
DataAggregated Company Financials
Companies341
  • 7D-3.2%
  • 3M2.6%
  • 1Y3.1%
  • YTD-2.5%

Over the last 7 days, the Oil and Gas industry has dropped 3.2%, driven by Exxon Mobil declining 4.4%. In the past year, the industry has gained 3.1%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Sep 2025US$2.1tUS$1.7tUS$116.3b12.7x18.2x1.3x
Mon, 04 Aug 2025US$2.1tUS$1.7tUS$117.8b12.3x17.6x1.2x
Wed, 02 Jul 2025US$2.1tUS$1.7tUS$122.1b12.4x17.1x1.2x
Fri, 30 May 2025US$2.0tUS$1.7tUS$122.0b11.7x16.3x1.1x
Sun, 27 Apr 2025US$2.0tUS$1.7tUS$128.2b11.7x15.6x1.2x
Tue, 25 Mar 2025US$2.2tUS$1.7tUS$130.5b13x16.9x1.3x
Thu, 20 Feb 2025US$2.2tUS$1.7tUS$141.0b11.6x15.4x1.2x
Sat, 18 Jan 2025US$2.2tUS$1.8tUS$144.9b12.1x15.5x1.3x
Mon, 16 Dec 2024US$2.1tUS$1.8tUS$145.0b11.1x14.6x1.2x
Wed, 13 Nov 2024US$2.2tUS$1.8tUS$147.0b11x15x1.2x
Fri, 11 Oct 2024US$2.2tUS$1.8tUS$161.0b10.6x13.4x1.2x
Sun, 08 Sep 2024US$2.0tUS$1.8tUS$157.8b9.8x12.7x1.1x
Tue, 06 Aug 2024US$2.0tUS$1.8tUS$157.4b9.9x13x1.1x
Thu, 04 Jul 2024US$2.1tUS$1.8tUS$162.2b10.8x12.8x1.2x
Sat, 01 Jun 2024US$2.0tUS$1.8tUS$162.5b11.2x12.6x1.1x
Mon, 29 Apr 2024US$2.2tUS$1.8tUS$183.7b9.7x12x1.2x
Wed, 27 Mar 2024US$2.1tUS$1.8tUS$193.3b9.2x11.1x1.2x
Fri, 23 Feb 2024US$2.0tUS$1.8tUS$199.0b8.5x10x1.1x
Sun, 21 Jan 2024US$1.9tUS$1.9tUS$230.1b7.7x8.5x1x
Tue, 19 Dec 2023US$2.0tUS$1.9tUS$230.1b7.8x8.7x1.1x
Thu, 16 Nov 2023US$2.0tUS$1.9tUS$230.6b7.7x8.8x1.1x
Sat, 14 Oct 2023US$2.1tUS$2.0tUS$261.6b6.6x8.1x1.1x
Mon, 11 Sep 2023US$2.1tUS$2.0tUS$261.4b6.8x8.1x1.1x
Wed, 09 Aug 2023US$2.1tUS$2.0tUS$261.9b6.9x7.9x1x
Fri, 07 Jul 2023US$1.9tUS$2.2tUS$307.3b5.3x6.2x0.9x
Sun, 04 Jun 2023US$1.9tUS$2.2tUS$307.2b5.3x6.2x0.9x
Tue, 02 May 2023US$2.0tUS$2.2tUS$292.1b5.8x6.8x0.9x
Thu, 30 Mar 2023US$1.9tUS$2.2tUS$275.3b6x7.1x0.9x
Sat, 25 Feb 2023US$2.0tUS$2.2tUS$274.8b6.5x7.3x0.9x
Mon, 23 Jan 2023US$2.1tUS$2.2tUS$254.1b7x8.4x1x
Wed, 21 Dec 2022US$2.0tUS$2.2tUS$254.2b7x8x0.9x
Fri, 18 Nov 2022US$2.2tUS$2.1tUS$253.9b7.7x8.7x1x
Sun, 16 Oct 2022US$2.0tUS$1.9tUS$190.1b9.4x10.3x1x
Tue, 13 Sep 2022US$2.0tUS$1.9tUS$190.0b10.1x10.7x1x
Price to Earnings Ratio

10.7x


Total Market Cap: US$2.0tTotal Earnings: US$190.0bTotal Revenue: US$1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 11.3x202320242025
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 11.3x.
  • 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 Market0.43%
Energy-2.96%
Oil and Gas-3.15%
Coal and Fuels2.41%
Oil and Gas Refining and Marketing0.40%
Oil and Gas Storage and Transportation-1.74%
Oil and Gas Exploration and Production-4.11%
Integrated Oil and Gas-4.34%
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 13.6x.
    • Analysts are expecting annual earnings growth of 27.8%, 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
VLO Valero EnergyUS$156.773.1%
+US$1.5b		16.8%PE64.1x
FRO FrontlineUS$22.156.0%
+US$278.3m		-0.3%PE20.7x
AM Antero MidstreamUS$18.252.6%
+US$220.1m		27.7%PE19.2x
DK Delek US HoldingsUS$31.3213.0%
+US$217.2m		60.5%PS0.2x
AR Antero ResourcesUS$32.622.2%
+US$216.3m		28.1%PE21x

Latest News

FRO
US$22.15
Frontline
7D
6.0%
1Y
-0.3%

Frontline's (NYSE:FRO) Shareholders Have More To Worry About Than Only Soft Earnings

Sep 05
Frontline's (NYSE:FRO) Shareholders Have More To Worry About Than Only Soft Earnings
DK
US$31.32
Delek US Holdings
7D
13.0%
1Y
60.5%

Enterprise Optimization And Midstream Investment Will Strengthen US Refining

A substantial decline in Delek US Holdings’ discount rate alongside a modest improvement in consensus revenue growth forecasts has driven a meaningful increase in the consensus analyst price target from $22.17 to $24.92. What's in the News Delek US Holdings completed the repurchase of 1,027,395 shares for $20.83 million during the latest tranche, bringing total buybacks to 20,528,002 shares (29.36%) for $579.05 million under the current program.
XOM
US$109.23
Exxon Mobil
7D
-4.4%
1Y
-3.0%
AR
US$32.62
Antero Resources
7D
2.2%
1Y
28.1%

New Gulf Coast LNG Facilities Will Expand Global Energy Reach

With no changes in the consensus revenue growth forecast of 7.9% or the discount rate of 7.29%, analysts have left Antero Resources' fair value estimate unchanged at $43.62. What's in the News Antero Resources amended and restated its bylaws, clarifying executive roles and removing the Chairman of the Board from the list of required officers.
BTU
US$19.13
Peabody Energy
7D
9.9%
1Y
-8.7%

US Policy Tailwinds Will Strengthen Domestic Coal Fundamentals

Peabody Energy's consensus price target remains flat at $19.05, as analysts adopt a Neutral stance due to significant uncertainty and risk surrounding the Anglo met coal deal, despite modest improvements elsewhere. Analyst Commentary Analysts cite significant upside or downside risk for Peabody Energy depending on the outcome of the Anglo met coal deal.
AM
US$18.25
Antero Midstream
7D
2.6%
1Y
27.7%

Gulf Coast LNG Expansion And Appalachia Will Secure Future Success

With the consensus price target, future P/E, and discount rate for Antero Midstream all effectively unchanged, analysts’ fair value estimate remains steady at $18.07. What's in the News Michael N.
LNG
US$235.78
Cheniere Energy
7D
-2.5%
1Y
30.5%

Expanding LNG Capacity Will Offer Opportunities Despite Market Risks

Cheniere Energy’s price target was maintained at $270.67, as analysts cite strengthened long-term growth and EBITDA forecasts from Corpus Christi expansions, improved capital allocation, and continued midstream resilience, despite modest adjustments to cash flow assumptions. Analyst Commentary Positive final investment decision (FID) for Corpus Christi (CCL3) Train 8 & 9 expansion drives near-term and strategic growth outlook.
OXY
US$45.91
Occidental Petroleum
7D
-3.6%
1Y
-11.8%
FANG
US$138.71
Diamondback Energy
7D
-6.8%
1Y
-22.8%
OKE
US$72.63
ONEOK
7D
-4.9%
1Y
-20.2%

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.
CVX
US$153.66
Chevron
7D
-4.3%
1Y
10.9%
MPC
US$180.28
Marathon Petroleum
7D
0.3%
1Y
8.6%
UEC
US$11.17
Uranium Energy
7D
4.5%
1Y
162.2%
COP
US$92.95
ConocoPhillips
7D
-6.1%
1Y
-12.3%
EOG
US$117.93
EOG Resources
7D
-5.5%
1Y
-2.0%
VLO
US$156.77
Valero Energy
7D
3.1%
1Y
16.8%