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U.S. Oil and Gas Industry Analysis

UpdatedNov 08, 2025
DataAggregated Company Financials
Companies346
  • 7D1.1%
  • 3M3.0%
  • 1Y-4.1%
  • YTD-1.2%

Over the last 7 days, the Oil and Gas industry has remained flat. Unfortunately though, the industry is down 5.1% over the past 12 months. 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
Sat, 08 Nov 2025US$2.1tUS$1.7tUS$117.0b13.5x17.6x1.2x
Mon, 06 Oct 2025US$2.2tUS$1.7tUS$115.9b13.4x19.2x1.3x
Wed, 03 Sep 2025US$2.1tUS$1.7tUS$116.3b13.3x18.4x1.3x
Fri, 01 Aug 2025US$2.1tUS$1.7tUS$122.6b12.6x17.4x1.2x
Sun, 29 Jun 2025US$2.1tUS$1.7tUS$122.2b12.1x16.9x1.2x
Tue, 27 May 2025US$2.0tUS$1.7tUS$122.0b11.7x16.3x1.1x
Thu, 24 Apr 2025US$2.0tUS$1.7tUS$130.5b11.4x15.1x1.1x
Sat, 22 Mar 2025US$2.2tUS$1.7tUS$130.5b13.1x17x1.3x
Mon, 17 Feb 2025US$2.2tUS$1.7tUS$141.0b11.6x15.4x1.2x
Wed, 15 Jan 2025US$2.2tUS$1.8tUS$144.9b11.8x15.2x1.2x
Fri, 13 Dec 2024US$2.1tUS$1.8tUS$145.0b11.2x14.8x1.2x
Sun, 10 Nov 2024US$2.2tUS$1.8tUS$146.9b10.9x15x1.2x
Tue, 08 Oct 2024US$2.2tUS$1.8tUS$160.9b10.9x13.6x1.2x
Thu, 05 Sep 2024US$2.1tUS$1.8tUS$157.8b9.8x13.1x1.1x
Sat, 03 Aug 2024US$2.0tUS$1.8tUS$157.6b10.4x12.9x1.1x
Mon, 01 Jul 2024US$2.1tUS$1.8tUS$162.2b10.9x12.7x1.2x
Wed, 29 May 2024US$2.0tUS$1.8tUS$160.9b10.6x12.7x1.2x
Fri, 26 Apr 2024US$2.2tUS$1.8tUS$189.2b9.5x11.8x1.2x
Sun, 24 Mar 2024US$2.1tUS$1.8tUS$193.2b9x11x1.2x
Tue, 20 Feb 2024US$2.0tUS$1.8tUS$202.9b8.4x9.7x1.1x
Thu, 18 Jan 2024US$1.9tUS$1.9tUS$230.1b7.7x8.5x1x
Sat, 16 Dec 2023US$2.0tUS$1.9tUS$230.1b7.8x8.7x1.1x
Mon, 13 Nov 2023US$2.0tUS$1.9tUS$230.6b7.7x8.7x1x
Wed, 11 Oct 2023US$2.1tUS$2.0tUS$261.6b6.5x8.1x1x
Fri, 08 Sep 2023US$2.1tUS$2.0tUS$261.4b6.8x8.1x1.1x
Sun, 06 Aug 2023US$2.0tUS$2.0tUS$263.3b6.9x7.8x1x
Tue, 04 Jul 2023US$2.0tUS$2.2tUS$307.3b5.5x6.4x0.9x
Thu, 01 Jun 2023US$1.9tUS$2.2tUS$307.2b5.1x6x0.8x
Sat, 29 Apr 2023US$2.0tUS$2.2tUS$286.2b5.8x7x0.9x
Mon, 27 Mar 2023US$1.9tUS$2.2tUS$275.3b5.6x6.8x0.8x
Wed, 22 Feb 2023US$2.0tUS$2.2tUS$269.7b6.5x7.4x0.9x
Fri, 20 Jan 2023US$2.1tUS$2.2tUS$254.3b7x8.3x1x
Sun, 18 Dec 2022US$2.0tUS$2.2tUS$254.2b7.2x7.9x0.9x
Tue, 15 Nov 2022US$2.2tUS$2.1tUS$253.4b7.7x8.7x1x
Price to Earnings Ratio

8.7x


Total Market Cap: US$2.2tTotal Earnings: US$253.4bTotal 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 17.4x 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 23% 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-1.99%
Energy1.03%
Oil and Gas1.11%
Oil and Gas Exploration and Production1.67%
Oil and Gas Refining and Marketing1.44%
Oil and Gas Storage and Transportation1.44%
Integrated Oil and Gas0.79%
Coal and Fuels-7.46%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 11.6x.
    • Analysts are expecting annual earnings growth of 55.9%, which is higher than its past year's earnings decline of 15.3% 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 10.8x.
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 15% per year.
  • In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings grow by 8.4% 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$117.222.5%
+US$12.1b		-3.2%PE16.5x
TRGP Targa ResourcesUS$172.0611.7%
+US$3.8b		-10.5%PE22.9x
EQT EQTUS$57.978.2%
+US$2.7b		40.6%PE20.3x
EXE Expand EnergyUS$112.458.8%
+US$2.2b		21.6%PE30.9x
CTRA Coterra EnergyUS$26.5712.3%
+US$2.2b		8.1%PE12.3x

Latest News

WMB
US$59.58
Williams Companies
7D
3.0%
1Y
5.8%
EOG
US$105.41
EOG Resources
7D
-0.4%
1Y
-21.4%
LEU
US$294.16
Centrus Energy
7D
-19.9%
1Y
220.6%
COP
US$86.83
ConocoPhillips
7D
-2.3%
1Y
-22.2%
CRK
US$23.02
Comstock Resources
7D
22.8%
1Y
74.4%

CRK: Persistent Natural Gas Oversupply Will Pressure Returns Through 2026

Comstock Resources' analyst price target has decreased substantially, with recent updates lowering expectations to a range of $9 to $14 per share. Analysts cite ongoing commodity headwinds and persistent oversupply, particularly in the natural gas sector, as key factors behind the adjustment.
LNG
US$207.90
Cheniere Energy
7D
-1.9%
1Y
1.1%
TRGP
US$172.06
Targa Resources
7D
11.7%
1Y
-10.5%
CTRA
US$26.57
Coterra Energy
7D
12.3%
1Y
8.1%
MPC
US$193.76
Marathon Petroleum
7D
-0.6%
1Y
26.0%
EXE
US$112.45
Expand Energy
7D
8.8%
1Y
21.6%
VG
US$7.99
Venture Global
7D
-6.8%
1Y
n/a
CVX
US$155.02
Chevron
7D
-1.7%
1Y
-1.2%

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.
VLO
US$175.62
Valero Energy
7D
3.6%
1Y
28.5%

VLO: Dividend Growth And Refining Margins Will Drive Performance Into 2026

Valero Energy's analyst price target has risen from $175.63 to $180.78. This increase reflects analysts' optimism following a strong earnings report and continued favorable outlooks for refining margins and capital returns.
XOM
US$117.22
Exxon Mobil
7D
2.5%
1Y
-3.2%

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$57.97
EQT
7D
8.2%
1Y
40.6%

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.
UEC
US$12.20
Uranium Energy
7D
-19.4%
1Y
53.8%