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U.S. Energy Sector Analysis

UpdatedMay 02, 2026
DataAggregated Company Financials
Companies433
  • 7D3.4%
  • 3M15.3%
  • 1Y41.8%
  • YTD28.5%

In the last week, the Energy industry is up 3.4%, with Exxon Mobil up 2.6%. This means that the industry has gained 42% over the past year. Looking forward, earnings are forecast to grow by 7.7% annually.

Sector Valuation and Performance

Has the U.S. Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 May 2026US$3.1tUS$1.9tUS$137.7b16.9x22.2x1.6x
Mon, 30 Mar 2026US$3.2tUS$1.9tUS$130.6b18.8x24.5x1.7x
Wed, 25 Feb 2026US$2.8tUS$1.9tUS$128.6b16.5x21.8x1.5x
Fri, 23 Jan 2026US$2.5tUS$1.9tUS$126.3b16.1x20.1x1.4x
Sun, 21 Dec 2025US$2.3tUS$1.9tUS$126.3b14.8x18x1.2x
Tue, 18 Nov 2025US$2.4tUS$1.9tUS$125.4b15.1x18.9x1.3x
Thu, 16 Oct 2025US$2.3tUS$1.9tUS$125.9b13.5x17.9x1.2x
Sat, 13 Sep 2025US$2.3tUS$1.9tUS$125.9b13.6x18.4x1.3x
Mon, 11 Aug 2025US$2.2tUS$1.9tUS$126.1b13x17.7x1.2x
Wed, 09 Jul 2025US$2.3tUS$1.9tUS$134.5b12.2x17x1.2x
Fri, 06 Jun 2025US$2.2tUS$1.9tUS$134.4b11.6x16.2x1.1x
Sun, 04 May 2025US$2.2tUS$1.9tUS$135.9b11.4x15.9x1.1x
Tue, 01 Apr 2025US$2.4tUS$1.9tUS$143.8b13x16.8x1.3x
Thu, 27 Feb 2025US$2.4tUS$1.9tUS$148.7b13.2x15.8x1.2x
Sat, 25 Jan 2025US$2.5tUS$1.9tUS$159.4b12.4x15.7x1.3x
Mon, 23 Dec 2024US$2.2tUS$1.9tUS$158.3b11.6x14x1.1x
Wed, 20 Nov 2024US$2.5tUS$1.9tUS$159.9b12.1x15.4x1.3x
Fri, 18 Oct 2024US$2.3tUS$2.0tUS$175.8b11.6x13.3x1.2x
Sun, 15 Sep 2024US$2.2tUS$2.0tUS$172.7b11.2x12.7x1.1x
Tue, 13 Aug 2024US$2.3tUS$2.0tUS$172.3b10.9x13.3x1.2x
Thu, 11 Jul 2024US$2.3tUS$1.9tUS$176.1b11.4x12.8x1.2x
Sat, 08 Jun 2024US$2.3tUS$1.9tUS$176.3b11.5x12.8x1.2x
Mon, 06 May 2024US$2.3tUS$1.9tUS$177.7b10.9x13x1.2x
Wed, 03 Apr 2024US$2.4tUS$2.0tUS$206.2b10.6x11.9x1.2x
Fri, 01 Mar 2024US$2.2tUS$2.0tUS$208.0b9.1x10.6x1.1x
Sun, 28 Jan 2024US$2.3tUS$2.1tUS$239.8b8.6x9.5x1.1x
Tue, 26 Dec 2023US$2.3tUS$2.1tUS$242.2b8.7x9.4x1.1x
Thu, 23 Nov 2023US$2.3tUS$2.1tUS$242.5b8.8x9.3x1.1x
Sat, 21 Oct 2023US$2.4tUS$2.2tUS$273.0b7.5x8.8x1.1x
Mon, 18 Sep 2023US$2.4tUS$2.2tUS$272.6b7.8x8.9x1.1x
Wed, 16 Aug 2023US$2.7tUS$2.2tUS$272.5b7.7x9.8x1.2x
Fri, 14 Jul 2023US$2.6tUS$2.4tUS$315.8b7x8.1x1.1x
Sun, 11 Jun 2023US$2.5tUS$2.4tUS$315.8b7.2x7.8x1x
Tue, 09 May 2023US$2.1tUS$2.4tUS$318.2b6.8x6.7x0.9x
Price to Earnings Ratio

6.7x


Total Market Cap: US$2.1tTotal Earnings: US$318.2bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 14.1x202420252026
Current Industry PE
  • Investors are optimistic on the American Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.2x which is higher than its 3-year average PE of 14.1x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 24% per year over the last three years,
  • Revenues have also declined 7.5% 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 sector?

US Market0.80%
Energy3.36%
Oil and Gas3.58%
Energy Services1.68%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.6x.
    • Analysts are expecting annual earnings growth of 19.4%, which is higher than its past year's earnings decline of 25.8% per year.
  • Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.7x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 26% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 6.3% 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$152.752.6%
+US$16.0b		43.8%PE22x
CVX ChevronUS$190.632.9%
+US$10.8b		37.6%PE30.9x
MPC Marathon PetroleumUS$246.159.8%
+US$6.5b		73.9%PE17.9x
PSX Phillips 66US$176.198.2%
+US$5.3b		64.4%PE17.2x
WMB Williams CompaniesUS$75.544.7%
+US$4.1b		25.9%PE35.3x

Latest News

CVX
US$190.63
Chevron
7D
2.9%
1Y
37.6%

Chevron: The Market Was Not Prepared For The New Equilibrium

May 02
RES
US$7.62
RPC
7D
-4.8%
1Y
51.8%
CLB
US$14.07
Core Laboratories
7D
-19.4%
1Y
14.0%
MPC
US$246.15
Marathon Petroleum
7D
9.8%
1Y
73.9%
EQT
US$58.66
EQT
7D
-0.4%
1Y
13.1%
CNX
US$37.88
CNX Resources
7D
-1.5%
1Y
25.0%
WMB
US$75.54
Williams Companies
7D
4.7%
1Y
25.9%
VLO
US$246.87
Valero Energy
7D
4.7%
1Y
107.6%
PSX
US$176.19
Phillips 66
7D
8.2%
1Y
64.4%
GLND
US$2.92
Greenland Energy
7D
-53.0%
1Y
n/a
NOV
US$19.86
NOV
7D
-3.1%
1Y
62.0%
XOM
US$152.75
Exxon Mobil
7D
2.6%
1Y
43.8%

Exxon Mobil's Earnings Might Change The Game (Preview)

Apr 27
FANG
US$207.65
Diamondback Energy
7D
6.6%
1Y
51.8%
EOG
US$138.95
EOG Resources
7D
4.4%
1Y
25.3%

EOG: Future Cash Flow Will Track Higher Geopolitical Oil Price Assumptions

EOG Resources' updated fair value estimate has shifted to $155.48 from $149.73 as analysts recalibrate price targets around higher long term oil price decks, expectations for stronger profit margins, and modestly higher future P/E assumptions, even as modeled revenue growth is marked lower. Analyst Commentary Recent Street research on EOG Resources clusters around higher long term oil price assumptions, cash return potential, and inventory quality, with one outlier trimming the price target on more cautious views.
WHD
US$54.79
Cactus
7D
-3.5%
1Y
33.7%

WHD: International Expansion And Margin Execution Will Guide Post Selloff Repricing Prospects

Narrative Update on Cactus The analyst price target for Cactus has been raised by $1.67 to reflect updated fair value assumptions and recent research, with analysts highlighting what they see as solid recent results, a reset of expectations around the International and Surface Pressure Control businesses, and potential margin optimization across U.S. and international markets. Analyst Commentary Recent research on Cactus has centered on the reset in expectations around its International and Surface Pressure Control businesses, along with updated views on margin potential and valuation.
TPL
US$433.62
Texas Pacific Land
7D
-1.2%
1Y
-3.4%

TPL: Steady Dividend Policy And Rich P/E Will Support Fair Share Price

Analysts kept their $445.50 price target for Texas Pacific Land unchanged. This reflects a view that the company’s fair value, discount rate, revenue growth, profit margin and future P/E assumptions remain consistent with prior expectations.