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U.S. Energy Sector Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies431
  • 7D4.2%
  • 3M16.4%
  • 1Y45.2%
  • YTD28.9%

In the last week, the Energy industry is up 4.2%, with Exxon Mobil up 3.5%. During this same period, the Uranium Energy underperformed, falling 11%. This takes the industry's 12 month performance to a gain of 45%. As for the next few years, earnings are expected to grow by 9.9% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Apr 2026US$3.0tUS$1.9tUS$135.2b17.5x22x1.6x
Sat, 28 Mar 2026US$3.2tUS$1.9tUS$130.6b18.8x24.1x1.7x
Mon, 23 Feb 2026US$2.8tUS$1.9tUS$130.6b17x21.4x1.5x
Wed, 21 Jan 2026US$2.5tUS$1.9tUS$126.3b16.7x19.6x1.3x
Fri, 19 Dec 2025US$2.3tUS$1.9tUS$126.2b14.4x18.3x1.2x
Sun, 16 Nov 2025US$2.4tUS$1.9tUS$125.4b15.7x18.9x1.3x
Tue, 14 Oct 2025US$2.2tUS$1.9tUS$125.9b13.5x17.7x1.2x
Thu, 11 Sep 2025US$2.3tUS$1.9tUS$125.9b13.7x18.1x1.2x
Sat, 09 Aug 2025US$2.2tUS$1.9tUS$126.1b13x17.7x1.2x
Mon, 07 Jul 2025US$2.3tUS$1.9tUS$134.5b12.3x17.2x1.2x
Wed, 04 Jun 2025US$2.2tUS$1.9tUS$134.4b11.7x16.2x1.1x
Fri, 02 May 2025US$2.1tUS$1.9tUS$139.7b11.2x15.2x1.1x
Sun, 30 Mar 2025US$2.4tUS$1.9tUS$143.8b12.9x16.8x1.3x
Tue, 25 Feb 2025US$2.4tUS$1.9tUS$150.0b13.3x16x1.3x
Thu, 23 Jan 2025US$2.5tUS$1.9tUS$158.7b12.5x15.6x1.3x
Sat, 21 Dec 2024US$2.2tUS$1.9tUS$158.3b11.6x13.9x1.1x
Mon, 18 Nov 2024US$2.4tUS$1.9tUS$159.9b12x15.2x1.3x
Wed, 16 Oct 2024US$2.3tUS$2.0tUS$175.8b11.3x13.3x1.2x
Fri, 13 Sep 2024US$2.2tUS$2.0tUS$172.6b11x12.6x1.1x
Sun, 11 Aug 2024US$2.3tUS$2.0tUS$172.4b10.9x13.3x1.2x
Tue, 09 Jul 2024US$2.3tUS$1.9tUS$176.1b11.3x12.9x1.2x
Thu, 06 Jun 2024US$2.2tUS$1.9tUS$175.7b11.3x12.7x1.2x
Sat, 04 May 2024US$2.3tUS$1.9tUS$177.7b10.9x13x1.2x
Mon, 01 Apr 2024US$2.4tUS$2.0tUS$206.4b10.4x11.8x1.2x
Wed, 28 Feb 2024US$2.2tUS$2.0tUS$208.5b9.3x10.6x1.1x
Fri, 26 Jan 2024US$2.2tUS$2.1tUS$239.8b8.7x9.2x1.1x
Sun, 24 Dec 2023US$2.3tUS$2.1tUS$242.2b8.7x9.4x1.1x
Tue, 21 Nov 2023US$2.3tUS$2.1tUS$242.6b8.8x9.3x1.1x
Thu, 19 Oct 2023US$2.4tUS$2.2tUS$272.8b7.5x8.9x1.1x
Sat, 16 Sep 2023US$2.4tUS$2.2tUS$272.6b7.9x8.9x1.1x
Mon, 14 Aug 2023US$2.7tUS$2.2tUS$272.8b8x10x1.3x
Wed, 12 Jul 2023US$2.5tUS$2.4tUS$315.8b7x8.1x1.1x
Fri, 09 Jun 2023US$2.5tUS$2.4tUS$315.8b7.2x7.9x1.1x
Sun, 07 May 2023US$2.1tUS$2.4tUS$318.2b6.5x6.7x0.9x
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 22.0x 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 25% per year over the last three years,
  • Revenues have also declined 7.4% 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-0.18%
Energy4.18%
Energy Services5.71%
Oil and Gas3.99%
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 18.7%, 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 8.8% 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$154.673.5%
+US$21.5b		46.4%PE22.3x
CVX ChevronUS$192.223.2%
+US$11.8b		41.3%PE31.1x
COP ConocoPhillipsUS$128.254.6%
+US$6.9b		43.9%PE19.6x
MPC Marathon PetroleumUS$241.818.9%
+US$5.8b		76.0%PE17.6x
PSX Phillips 66US$173.498.0%
+US$5.1b		66.7%PE15.8x

Latest News

PSX
US$173.49
Phillips 66
7D
8.0%
1Y
66.7%
GLND
US$3.36
Greenland Energy
7D
-54.0%
1Y
n/a
BKR
US$68.81
Baker Hughes
7D
6.7%
1Y
90.1%

BKR: Waygate Review And Data Center Exposure Will Shape Fairly Valued Outlook

The analyst price target for Baker Hughes has shifted from $62.67 to $69.33. Analysts cite updated assumptions for revenue growth, margins, and future P/E, along with a broad series of recent target hikes across major research firms, as key drivers of the change.
XOM
US$154.67
Exxon Mobil
7D
3.5%
1Y
46.4%

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

Apr 27
VLO
US$251.30
Valero Energy
7D
7.2%
1Y
116.5%

VLO: Higher Oil Assumptions And Refining Margins Will Shape But Limit Future Upside

The updated analyst price target for Valero Energy edges higher by about $1 to roughly $247 per share. Analysts point to refined assumptions around fair value, a steadier discount rate, and modest tweaks to revenue growth, profit margin, and future P/E expectations following a cluster of recent target hikes from major firms, alongside one downgrade and a list removal.
LEU
US$191.98
Centrus Energy
7D
-11.6%
1Y
177.1%
OII
US$36.00
Oceaneering International
7D
-6.4%
1Y
102.8%

Oceaneering International, Inc. Reports Strong FY 2025 Earnings Growth with Margin Expansion and Robust Cash Generation

Executive Summary Analyst: Qudus Adebara (Founder of Wane Investment House) Oceaneering International, Inc. delivered a strong financial performance for the year ended December 31, 2025, reflecting improved offshore activity and operational efficiency across its core segments.
MPC
US$241.81
Marathon Petroleum
7D
8.9%
1Y
76.0%

MPC: Oil Price Assumptions And Labor Talks Will Shape Future Returns

The analyst price target for Marathon Petroleum has been revised higher by $10.57 to $247.18. Analysts point to updated fair value estimates, modestly higher revenue growth and profit margin assumptions, as well as a slightly richer future P/E multiple as key drivers for the change.
COP
US$128.25
ConocoPhillips
7D
4.6%
1Y
43.9%

COP: Future Cash Flows Will Reflect Middle East Risks And Portfolio Moves

Analysts have raised ConocoPhillips’ fair value estimate from $131.52 to $138.00. This change reflects updated expectations for revenue growth, profit margins, and a modestly lower assumed future P/E multiple, following a series of higher Street price targets tied to revised oil price assumptions and geopolitical risk.
OXY
US$60.76
Occidental Petroleum
7D
6.5%
1Y
54.2%
LTBR
US$11.38
Lightbridge
7D
-12.5%
1Y
21.8%
NUAI
US$3.69
New Era Energy & Digital
7D
-14.0%
1Y
308.9%
CVX
US$192.22
Chevron
7D
3.2%
1Y
41.3%

CVX: Firmer Long Term Oil Prices Will Drive Future Cash Returns

Chevron's updated analyst price target has shifted from $203.00 to $213.29 as analysts factor in higher projected revenue growth, slightly better profit margins, and a modestly lower future P/E, supported by a series of recent upgrades and price target increases tied to expectations for firmer long term oil prices. Analyst Commentary Recent research commentary on Chevron clusters around oil price expectations, cash flow potential, and the company’s ability to execute on its project pipeline while maintaining shareholder returns.
UEC
US$13.41
Uranium Energy
7D
-11.5%
1Y
155.4%
SOC
US$13.94
Sable Offshore
7D
-5.0%
1Y
-25.3%
NUCL
US$11.17
Eagle Nuclear Energy
7D
-15.4%
1Y
-4.3%