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U.S. Energy Sector Analysis

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies430
  • 7D-3.9%
  • 3M7.2%
  • 1Y33.5%
  • YTD24.7%

Over the last 7 days, the Energy industry has dropped 3.9%, driven by a pullback from Exxon Mobil of 2.7%. In the past year, the industry has gained 33%. Looking forward, 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
Wed, 13 May 2026US$2.9tUS$1.9tUS$124.4b16.7x23.5x1.5x
Fri, 10 Apr 2026US$3.0tUS$1.9tUS$130.6b17.2x22.8x1.6x
Sun, 08 Mar 2026US$2.9tUS$1.9tUS$130.6b17.9x22.1x1.5x
Tue, 03 Feb 2026US$2.6tUS$2.4tUS$161.9b16.4x16.2x1.1x
Thu, 01 Jan 2026US$2.3tUS$1.9tUS$126.3b14.9x18.5x1.3x
Sat, 29 Nov 2025US$2.3tUS$1.9tUS$124.8b15.5x18.7x1.3x
Mon, 27 Oct 2025US$2.3tUS$1.9tUS$126.9b14.6x18.1x1.2x
Wed, 24 Sep 2025US$2.3tUS$1.9tUS$125.9b13.7x18.3x1.2x
Fri, 22 Aug 2025US$2.2tUS$1.9tUS$126.2b13.1x17.7x1.2x
Sun, 20 Jul 2025US$2.2tUS$1.9tUS$132.0b12.1x16.8x1.2x
Tue, 17 Jun 2025US$2.3tUS$1.9tUS$134.4b12.7x17.4x1.2x
Thu, 15 May 2025US$2.3tUS$1.9tUS$135.2b12x16.7x1.2x
Sat, 12 Apr 2025US$2.0tUS$1.9tUS$143.8b11.3x14x1.1x
Mon, 10 Mar 2025US$2.3tUS$1.9tUS$144.3b12.4x15.8x1.2x
Wed, 05 Feb 2025US$2.4tUS$1.9tUS$157.2b12.5x15.2x1.2x
Fri, 03 Jan 2025US$2.3tUS$1.9tUS$158.3b11.9x14.4x1.2x
Sun, 01 Dec 2024US$2.5tUS$1.9tUS$158.5b12.4x15.7x1.3x
Tue, 29 Oct 2024US$2.3tUS$2.0tUS$173.0b11.3x13.5x1.2x
Thu, 26 Sep 2024US$2.3tUS$2.0tUS$172.6b11.2x13.5x1.2x
Sat, 24 Aug 2024US$2.3tUS$2.0tUS$172.2b11.3x13.2x1.2x
Mon, 22 Jul 2024US$2.3tUS$1.9tUS$176.1b11.7x13.3x1.2x
Wed, 19 Jun 2024US$2.2tUS$1.9tUS$176.1b11.1x12.5x1.1x
Fri, 17 May 2024US$2.3tUS$1.9tUS$175.1b11.3x13.4x1.2x
Sun, 14 Apr 2024US$2.5tUS$2.0tUS$206.1b10.8x12.1x1.3x
Tue, 12 Mar 2024US$2.3tUS$2.0tUS$206.9b9.2x11x1.2x
Thu, 08 Feb 2024US$2.1tUS$2.0tUS$218.4b8.6x9.8x1.1x
Sat, 06 Jan 2024US$2.3tUS$2.1tUS$242.2b8.6x9.4x1.1x
Mon, 04 Dec 2023US$2.3tUS$2.1tUS$242.5b8.8x9.4x1.1x
Wed, 01 Nov 2023US$2.3tUS$2.1tUS$251.4b8x9.1x1.1x
Fri, 29 Sep 2023US$2.5tUS$2.2tUS$272.7b7.8x9x1.1x
Sun, 27 Aug 2023US$2.3tUS$2.2tUS$272.6b7.5x8.5x1.1x
Tue, 25 Jul 2023US$2.6tUS$2.4tUS$317.6b7.2x8.2x1.1x
Thu, 22 Jun 2023US$2.4tUS$2.4tUS$315.7b6.9x7.7x1x
Sat, 20 May 2023US$2.4tUS$2.4tUS$315.9b6.9x7.7x1x
Price to Earnings Ratio

7.7x


Total Market Cap: US$2.4tTotal Earnings: US$315.9bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 14.3x202420252026
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 22.9x which is higher than its 3-year average PE of 14.3x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 27% per year over the last three years,
  • Revenues have also declined 7.1% 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 Market2.58%
Energy-3.94%
Energy Services-3.14%
Oil and Gas-4.04%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.8x.
    • Analysts are expecting annual earnings growth of 20.7%, which is higher than its past year's earnings decline of 33.0% 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 13.8x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 33% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 11% 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
DVN Devon EnergyUS$46.77-8.3%
US$22.2b		36.4%PE23.8x
VG Venture GlobalUS$13.271.9%
+US$620.6m		23.8%PE14.6x
UEC Uranium EnergyUS$15.506.9%
+US$490.2m		175.3%PS376.2x
KGS Kodiak Gas ServicesUS$75.146.0%
+US$374.4m		106.4%PE100.7x
KMI Kinder MorganUS$32.450.5%
+US$356.0m		18.0%PE21.9x

Latest News

KGS
US$75.14
Kodiak Gas Services
7D
6.0%
1Y
106.4%
NESR
US$26.84
National Energy Services Reunited
7D
10.0%
1Y
303.0%
XOM
US$150.63
Exxon Mobil
7D
-2.7%
1Y
37.6%
CVX
US$185.95
Chevron
7D
-3.5%
1Y
30.6%
EOG
US$134.13
EOG Resources
7D
-4.8%
1Y
15.0%
OXY
US$56.27
Occidental Petroleum
7D
-5.2%
1Y
26.8%
MPC
US$251.99
Marathon Petroleum
7D
-3.3%
1Y
54.7%
Narrative Update • May 11

MPC: Oil Price Assumptions And Buybacks Will Shape Future Returns

Analysts have raised their average price target on Marathon Petroleum by about $9.66 to $256.83, citing a combination of updated oil price assumptions, revised sector views, and refreshed earnings estimates across recent research. Analyst Commentary Recent research on Marathon Petroleum points to a wide range of views, with many firms revisiting their models and price targets as they update oil price assumptions and sector stances.
COP
US$117.87
ConocoPhillips
7D
-4.4%
1Y
25.2%
RIG
US$6.54
Transocean
7D
4.6%
1Y
139.6%
DVN
US$46.77
Devon Energy
7D
-8.3%
1Y
36.4%
KMI
US$32.45
Kinder Morgan
7D
0.5%
1Y
18.0%
Narrative Update • May 11

KMI: Gas Backlog And Project Pipeline Execution Will Drive Future Risk Reward

Kinder Morgan's updated analyst price target edges higher to about $35.33 per share from roughly $35.24, as analysts factor in slightly higher assumed discount rates, modestly lower revenue growth expectations, a small uptick in projected profit margins, and higher future P/E multiples following a series of recent target changes across the Street. Analyst Commentary Recent Street research on Kinder Morgan has been active, with several firms adjusting price targets and refining models based on updated estimates, project backlogs, and meetings with management.
VG
US$13.27
Venture Global
7D
1.9%
1Y
23.8%
BKR
US$65.24
Baker Hughes
7D
-3.7%
1Y
70.9%
UEC
US$15.50
Uranium Energy
7D
6.9%
1Y
175.3%
LNG
US$244.31
Cheniere Energy
7D
-9.4%
1Y
5.0%
VAL
US$97.20
Valaris
7D
4.7%
1Y
150.1%