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U.S. Oil and Gas Industry Analysis

UpdatedAug 16, 2026
DataAggregated Company Financials
Companies340
  • 7D6.8%
  • 3M2.9%
  • 1Y39.0%
  • YTD33.2%

In the last week, the Oil and Gas industry is up 6.8%, with ExxonMobil Holdings leading the way, up 4.6%. During this same period, the Sable Offshore underperformed, falling 13%. In the last 12 months, the industry was up 39%. Looking forward, earnings are forecast to grow by 4.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Aug 2026US$2.8tUS$2.0tUS$162.7b12.6x17.3x1.4x
Tue, 14 Jul 2026US$2.5tUS$1.7tUS$116.0b13.7x21.7x1.5x
Thu, 11 Jun 2026US$2.6tUS$1.7tUS$116.1b14x22.2x1.5x
Sat, 09 May 2026US$2.6tUS$1.7tUS$116.1b14.2x22.1x1.5x
Mon, 06 Apr 2026US$2.7tUS$1.7tUS$122.4b15.6x22.4x1.6x
Wed, 04 Mar 2026US$2.6tUS$1.7tUS$122.6b14.7x21.2x1.5x
Fri, 30 Jan 2026US$2.3tUS$1.7tUS$119.3b13.8x19.5x1.4x
Sun, 28 Dec 2025US$2.1tUS$1.7tUS$117.8b12.8x17.7x1.2x
Tue, 25 Nov 2025US$2.1tUS$1.7tUS$116.2b13.2x18x1.2x
Thu, 23 Oct 2025US$2.1tUS$1.7tUS$116.4b12.9x17.7x1.2x
Sat, 20 Sep 2025US$2.1tUS$1.7tUS$115.9b13.2x18.4x1.3x
Mon, 18 Aug 2025US$2.0tUS$1.7tUS$116.2b13.1x17.6x1.2x
Wed, 16 Jul 2025US$2.1tUS$1.7tUS$122.4b12.3x17.5x1.2x
Fri, 13 Jun 2025US$2.1tUS$1.7tUS$122.2b12.6x17.2x1.2x
Sun, 11 May 2025US$2.0tUS$1.7tUS$122.7b11.8x16.3x1.1x
Tue, 08 Apr 2025US$1.9tUS$1.7tUS$130.3b11.1x14.6x1.1x
Thu, 06 Mar 2025US$2.1tUS$1.7tUS$130.0b12.3x16x1.2x
Sat, 01 Feb 2025US$2.2tUS$1.8tUS$143.9b12.2x15.4x1.3x
Mon, 30 Dec 2024US$2.0tUS$1.8tUS$144.8b10.9x14.1x1.2x
Wed, 27 Nov 2024US$2.2tUS$1.8tUS$145.1b11.6x15.3x1.3x
Fri, 25 Oct 2024US$2.1tUS$1.8tUS$158.7b10.5x13.4x1.2x
Sun, 22 Sep 2024US$2.1tUS$1.8tUS$157.8b10x13.2x1.2x
Tue, 20 Aug 2024US$2.1tUS$1.8tUS$157.8b10.5x13.3x1.2x
Thu, 18 Jul 2024US$2.1tUS$1.8tUS$162.1b11.3x12.9x1.2x
Sat, 15 Jun 2024US$2.0tUS$1.8tUS$162.2b10.4x12.3x1.1x
Mon, 13 May 2024US$2.1tUS$1.8tUS$161.3b10.7x13x1.2x
Wed, 10 Apr 2024US$2.2tUS$1.8tUS$192.6b10x11.6x1.2x
Fri, 08 Mar 2024US$2.0tUS$1.8tUS$193.7b8.5x10.5x1.1x
Sun, 04 Feb 2024US$2.0tUS$1.9tUS$216.2b7.8x9.3x1.1x
Tue, 02 Jan 2024US$2.0tUS$1.9tUS$230.1b7.7x8.8x1.1x
Thu, 30 Nov 2023US$2.0tUS$1.9tUS$230.4b7.7x8.8x1.1x
Sat, 28 Oct 2023US$2.0tUS$1.9tUS$240.0b6.6x8.4x1.1x
Mon, 25 Sep 2023US$2.1tUS$2.0tUS$261.4b6.4x8.1x1x
Wed, 23 Aug 2023US$2.1tUS$2.0tUS$261.2b6.6x7.9x1x
Price to Earnings Ratio

7.9x


Total Market Cap: US$2.1tTotal Earnings: US$261.2bTotal Revenue: US$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 15.1x202420252026
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 15.1x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 15% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Energy industry?

US Market0.63%
Energy6.92%
Oil and Gas6.79%
Oil and Gas Refining and Marketing15.34%
Oil and Gas Exploration and Production6.31%
Integrated Oil and Gas5.50%
Coal and Fuels5.44%
Oil and Gas Storage and Transportation5.39%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 48.9x.
    • Analysts are expecting annual earnings growth of 52.8%, which is higher than its past year's earnings decline of 26.1% per year.
  • Investors are most pessimistic about the Oil and Gas Refining and Marketing industry, which is trading below its 3-year average of 22.6x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 53% over the next 5 years.
  • This is better than its past earnings decline of 26% per year.
  • In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings decline by 14% 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 ExxonMobil HoldingsUS$160.104.6%
+US$29.0b		50.3%PE20.1x
CVX ChevronUS$200.007.2%
+US$26.4b		27.8%PE19.1x
MPC Marathon PetroleumUS$355.4219.2%
+US$16.1b		118.9%PE11.7x
VLO Valero EnergyUS$341.6714.5%
+US$12.5b		149.8%PE13.7x
PSX Phillips 66US$233.6114.6%
+US$11.9b		89.0%PE13.2x

Latest News

MPC
US$355.42
Marathon Petroleum
7D
19.2%
1Y
118.9%
PSX
US$233.61
Phillips 66
7D
14.6%
1Y
89.0%
WKC
US$36.11
World Kinect
7D
-0.9%
1Y
42.8%
CVX
US$200.00
Chevron
7D
7.2%
1Y
27.8%
COP
US$126.78
ConocoPhillips
7D
7.8%
1Y
33.0%
WMB
US$75.20
Williams Companies
7D
6.8%
1Y
30.9%
GLND
US$1.28
Greenland Energy
7D
-45.3%
1Y
-87.2%
LTBR
US$8.45
Lightbridge
7D
-10.8%
1Y
-47.7%
LEU
US$190.15
Centrus Energy
7D
-0.6%
1Y
3.7%
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OKE
US$94.99
ONEOK
7D
9.9%
1Y
28.5%
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SOC
US$4.15
Sable Offshore
7D
-12.6%
1Y
-84.9%
Analysis Article • Aug 13

Earnings Miss: Sable Offshore Corp. Missed EPS And Analysts Are Revising Their Forecasts

Sable Offshore Corp. ( NYSE:SOC ) shareholders are probably feeling a little disappointed, since its shares fell 5.4...
VLO
US$341.67
Valero Energy
7D
14.5%
1Y
149.8%
XOM
US$160.10
ExxonMobil Holdings
7D
4.6%
1Y
50.3%
UEC
US$11.21
Uranium Energy
7D
-0.4%
1Y
4.5%
NFE
US$0.32
New Fortress Energy
7D
-8.4%
1Y
-85.9%
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PTLE
US$7.67
PTL
7D
-22.5%
1Y
-49.2%