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U.S. Oil and Gas Industry Analysis

UpdatedSep 01, 2025
DataAggregated Company Financials
Companies342
  • 7D2.0%
  • 3M6.0%
  • 1Y1.0%
  • YTD0.7%

Over the last 7 days, the Oil and Gas industry has risen 2.0%, driven by gains from Exxon Mobil of 2.3%. Overall in the last year, the industry is flat. 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
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
Tue, 11 Oct 2022US$2.0tUS$1.9tUS$190.1b9.5x10.4x1x
Thu, 08 Sep 2022US$2.0tUS$1.9tUS$190.0b9.7x10.3x1x
Price to Earnings Ratio

10.3x


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 18.4x 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 Market0.46%
Energy2.03%
Oil and Gas2.00%
Oil and Gas Refining and Marketing3.51%
Coal and Fuels3.21%
Integrated Oil and Gas2.01%
Oil and Gas Storage and Transportation1.82%
Oil and Gas Exploration and Production1.61%
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 13.3x.
    • Analysts are expecting annual earnings growth of 27.7%, 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 42% 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
XOM Exxon MobilUS$114.292.3%
+US$10.9b		-3.1%PE15.7x
CVX ChevronUS$160.601.5%
+US$4.9b		8.6%PE23.8x
MPC Marathon PetroleumUS$179.714.4%
+US$2.3b		1.5%PE25.6x
EOG EOG ResourcesUS$124.822.8%
+US$1.9b		-3.1%PE11.9x
PSX Phillips 66US$133.583.1%
+US$1.6b		-4.8%PE31.6x

Latest News

TRGP
US$167.76
Targa Resources
7D
4.1%
1Y
14.2%

Permian And Export Developments Will Drive Long-Term Success

Analysts have modestly raised their price target for Targa Resources to $207.95, citing strong fundamentals, resilient cash flows, and ongoing strength in Permian volumes, though some caution that substantial stock appreciation has fully reflected growth potential. Analyst Commentary Bullish analysts cite Targa’s strong fundamentals, resilient cash flows, and the ability to return capital to shareholders as reasons for increased price targets, especially given expectations for higher volumes and stable producer activity in the Permian.
CVX
US$160.60
Chevron
7D
1.5%
1Y
8.6%
PSX
US$133.58
Phillips 66
7D
3.1%
1Y
-4.8%

NGL, Midstream And Refining Upgrades Will Shape Future Success

Analysts have slightly lowered Phillips 66’s price target to $136.00, reflecting near-term caution due to potential post-proxy battle selling pressure and high Q2 expectations, despite an improved medium-term refining outlook and a strong balance sheet. Analyst Commentary Bullish analysts cite positive earnings revisions expected in the second half of the year, supported by distillate strength and tightening global product supply/demand balances forecasted for 2026 and 2027.
VNOM
US$39.85
Viper Energy
7D
1.0%
1Y
-16.3%

Sitio Acquisition And Permian Exposure Will Shape Future Outlook

Analyst price targets for Viper Energy edged slightly lower to $53.56 as near-term overhang from potential large shareholder resales and continued oil price volatility offset optimism over the transformative Sitio Royalties acquisition and strong projected shareholder returns. Analyst Commentary Bullish analysts cite Viper Energy's acquisition of Sitio Royalties as a transformative deal, establishing the company as the leading large-cap pure-play minerals name and enhancing its scale, basin diversity, and exposure to well-capitalized operators.
KOS
US$1.79
Kosmos Energy
7D
-4.8%
1Y
-63.2%

Is Kosmos Energy (NYSE:KOS) A Risky Investment?

Aug 26
Is Kosmos Energy (NYSE:KOS) A Risky Investment?
GRNT
US$5.56
Granite Ridge Resources
7D
-2.6%
1Y
-12.4%
NFE
US$2.46
New Fortress Energy
7D
-5.7%
1Y
-80.0%
VG
US$13.00
Venture Global
7D
-2.6%
1Y
n/a
GLNG
US$43.82
Golar LNG
7D
-1.0%
1Y
31.6%
MPC
US$179.71
Marathon Petroleum
7D
4.4%
1Y
1.5%
HUSA
US$8.23
Houston American Energy
7D
-7.6%
1Y
n/a
NVGS
US$16.09
Navigator Holdings
7D
-1.7%
1Y
-4.3%
SOC
US$26.98
Sable Offshore
7D
-3.8%
1Y
60.2%
EOG
US$124.82
EOG Resources
7D
2.8%
1Y
-3.1%
XOM
US$114.29
Exxon Mobil
7D
2.3%
1Y
-3.1%

Exxon Mobil's 17.5% Upside Promises Industry-Leading Returns in Energy Transition

This analysis concludes that Exxon Mobil (XOM) represents a compelling investment opportunity, with a fair value of $132.00 per share, implying a 17.5% upside from the current price of $112.32. The BUY recommendation is not based on a speculative bet on higher oil prices, but on the company's fundamental transformation, operational excellence, and disciplined capital allocation that is expected to generate sustainable, industry-leading returns.
VLO
US$152.01
Valero Energy
7D
3.3%
1Y
3.6%