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U.S. Energy Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies426
  • 7D2.4%
  • 3M6.9%
  • 1Y-2.1%
  • YTD1.3%

In the last week, the Energy industry is up 2.4%, with Exxon Mobil leading the way with a 0.9% gain. In the same time, Venture Global was down 6.0%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Nov 2025US$2.3tUS$1.9tUS$125.5b15.7x18.6x1.3x
Wed, 15 Oct 2025US$2.3tUS$1.9tUS$125.9b13.5x18x1.2x
Fri, 12 Sep 2025US$2.3tUS$1.9tUS$125.9b13.8x18.4x1.3x
Sun, 10 Aug 2025US$2.2tUS$1.9tUS$126.1b13x17.7x1.2x
Tue, 08 Jul 2025US$2.3tUS$1.9tUS$134.5b12.1x17.2x1.2x
Thu, 05 Jun 2025US$2.2tUS$1.9tUS$134.4b11.6x16.5x1.2x
Sat, 03 May 2025US$2.1tUS$1.9tUS$138.4b11.5x15.4x1.1x
Mon, 31 Mar 2025US$2.4tUS$1.9tUS$143.9b12.9x16.8x1.3x
Wed, 26 Feb 2025US$2.4tUS$1.9tUS$150.1b13.1x15.9x1.2x
Fri, 24 Jan 2025US$2.5tUS$1.9tUS$159.4b12.6x15.7x1.3x
Sun, 22 Dec 2024US$2.2tUS$1.9tUS$158.3b11.6x14x1.1x
Tue, 19 Nov 2024US$2.4tUS$1.9tUS$159.9b12x15.2x1.3x
Thu, 17 Oct 2024US$2.3tUS$2.0tUS$175.8b11.6x13.3x1.2x
Sat, 14 Sep 2024US$2.2tUS$2.0tUS$172.7b11.2x12.7x1.1x
Mon, 12 Aug 2024US$2.3tUS$2.0tUS$172.3b11x13.3x1.2x
Wed, 10 Jul 2024US$2.3tUS$1.9tUS$176.1b11.3x12.9x1.2x
Fri, 07 Jun 2024US$2.2tUS$1.9tUS$176.3b11.3x12.7x1.2x
Sun, 05 May 2024US$2.3tUS$1.9tUS$177.7b10.9x13x1.2x
Tue, 02 Apr 2024US$2.4tUS$2.0tUS$206.4b10.4x11.8x1.2x
Thu, 29 Feb 2024US$2.2tUS$2.0tUS$208.1b9.3x10.6x1.1x
Sat, 27 Jan 2024US$2.3tUS$2.1tUS$239.8b8.6x9.4x1.1x
Mon, 25 Dec 2023US$2.3tUS$2.1tUS$242.2b8.7x9.4x1.1x
Wed, 22 Nov 2023US$2.3tUS$2.1tUS$242.6b8.9x9.3x1.1x
Fri, 20 Oct 2023US$2.4tUS$2.2tUS$272.8b7.5x8.9x1.1x
Sun, 17 Sep 2023US$2.4tUS$2.2tUS$272.6b7.8x8.9x1.1x
Tue, 15 Aug 2023US$2.7tUS$2.2tUS$272.7b7.8x10x1.3x
Thu, 13 Jul 2023US$2.6tUS$2.4tUS$315.8b7.1x8.1x1.1x
Sat, 10 Jun 2023US$2.5tUS$2.4tUS$315.8b7.2x7.8x1x
Mon, 08 May 2023US$2.1tUS$2.4tUS$318.2b6.7x6.7x0.9x
Wed, 05 Apr 2023US$2.2tUS$2.4tUS$280.7b7.1x7.9x0.9x
Fri, 03 Mar 2023US$2.3tUS$2.4tUS$280.6b7.4x8.1x1x
Sun, 29 Jan 2023US$2.4tUS$2.3tUS$262.1b8.2x9.2x1x
Tue, 27 Dec 2022US$2.3tUS$2.3tUS$257.1b8x8.9x1x
Thu, 24 Nov 2022US$2.4tUS$2.3tUS$256.9b8.4x9.4x1.1x
Price to Earnings Ratio

9.4x


Total Market Cap: US$2.4tTotal Earnings: US$256.9bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 12.3x202320242025
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 18.6x which is higher than its 3-year average PE of 12.3x.
  • 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 Energy industry have declined 21% per year over the last three years,
  • Revenues have also declined 6.3% 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 Market-0.39%
Energy2.37%
Oil and Gas2.54%
Energy Services0.67%
Industry PE
  • Investors are most optimistic about the Energy Services industry, which is trading close to its 3-year average PE ratio of 27.5x.
    • Analysts are expecting annual earnings growth of 15.5%, which is higher than its past year's earnings decline of 19.5% 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 11.9x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 12% 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$119.290.9%
+US$4.5b		-0.8%PE16.8x
CVX ChevronUS$157.621.3%
+US$4.0b		-2.0%PE24.9x
COP ConocoPhillipsUS$91.373.6%
+US$3.9b		-19.7%PE12.8x
EOG EOG ResourcesUS$110.403.6%
+US$2.1b		-19.1%PE10.8x
OKE ONEOKUS$70.493.8%
+US$1.6b		-37.3%PE13.3x

Latest News

VG
US$7.98
Venture Global
7D
-6.0%
1Y
n/a
FANG
US$149.20
Diamondback Energy
7D
3.1%
1Y
-18.0%
SEI
US$45.21
Solaris Energy Infrastructure
7D
-10.2%
1Y
128.8%
HAL
US$27.30
Halliburton
7D
-1.5%
1Y
-10.3%
PSX
US$142.32
Phillips 66
7D
2.6%
1Y
8.4%
COP
US$91.37
ConocoPhillips
7D
3.6%
1Y
-19.7%

Earnings Troubles May Signal Larger Issues for ConocoPhillips (NYSE:COP) Shareholders

Nov 13
Earnings Troubles May Signal Larger Issues for ConocoPhillips (NYSE:COP) Shareholders
EOG
US$110.40
EOG Resources
7D
3.6%
1Y
-19.1%

EOG: Secular Gas Demand And Efficiency Gains Will Drive Continued Outperformance

Analysts have modestly adjusted their price target for EOG Resources, raising it by $0.07 to $137.20 per share. This reflects continued expectations for improving profit margins and revenue growth, despite cautious sentiment around capital efficiency and commodity pricing.
LEU
US$250.00
Centrus Energy
7D
-13.9%
1Y
227.0%
OKE
US$70.49
ONEOK
7D
3.8%
1Y
-37.3%

OKE: Upcoming Buybacks And Larger Asset Base Will Support Share Price Momentum

ONEOK's average analyst price target has been reduced. Most recent estimates have moved lower by several dollars per share, as analysts cite concerns about slowing revenue growth, shifting investor priorities toward return of cash, and the evolving impact of recent acquisitions on earnings multiples.
DVN
US$35.84
Devon Energy
7D
5.7%
1Y
-7.6%
CNR
US$82.37
Core Natural Resources
7D
-6.6%
1Y
-34.8%
UEC
US$11.59
Uranium Energy
7D
-10.4%
1Y
40.0%
RIG
US$4.01
Transocean
7D
-4.5%
1Y
-6.7%

RIG: Future Profit Margins And Contract Revenues Will Offset Revenue Headwinds

Analysts have raised their price target for Transocean from $3.88 to $4.07 per share. They cite improved profit margins and a lower discount rate as key factors in the updated valuation.
AESI
US$8.94
Atlas Energy Solutions
7D
-16.0%
1Y
-57.3%

AESI: Sector Recovery And Power Segment Will Drive Rebound Into 2026

Atlas Energy Solutions' analyst price target has been reduced from $14 to $12 per share, as analysts cite ongoing softness in the completions market and sustained headwinds in sand prices, despite some signs of recovery in oil and gas activity. Analyst Commentary Recent analyst updates for Atlas Energy Solutions reflect both cautious optimism and ongoing concerns regarding the company’s near-term prospects.
CVX
US$157.62
Chevron
7D
1.3%
1Y
-2.0%

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.
XOM
US$119.29
Exxon Mobil
7D
0.9%
1Y
-0.8%

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.