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U.S. Energy Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies438
  • 7D1.7%
  • 3M21.7%
  • 1Y20.6%
  • YTD21.1%

In the last week, the Energy industry is up 1.7%, with Exxon Mobil leading the way, up 1.7%. During this same period, the SLB underperformed, falling 6.3%. This takes the industry's 12 month performance to a gain of 21%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Mar 2026US$2.9tUS$1.9tUS$130.3b17.4x21.9x1.5x
Fri, 30 Jan 2026US$2.6tUS$1.9tUS$127.2b16.7x20.4x1.4x
Sun, 28 Dec 2025US$2.3tUS$1.9tUS$126.3b14.9x18.2x1.2x
Tue, 25 Nov 2025US$2.3tUS$1.9tUS$124.7b15.5x18.5x1.2x
Thu, 23 Oct 2025US$2.3tUS$1.9tUS$125.3b13.7x18.1x1.2x
Sat, 20 Sep 2025US$2.3tUS$1.9tUS$125.9b13.6x18.5x1.3x
Mon, 18 Aug 2025US$2.2tUS$1.9tUS$126.3b13.1x17.7x1.2x
Wed, 16 Jul 2025US$2.3tUS$1.9tUS$134.5b11.8x17.4x1.2x
Fri, 13 Jun 2025US$2.3tUS$1.9tUS$134.4b12.1x17x1.2x
Sun, 11 May 2025US$2.2tUS$1.9tUS$135.2b11.7x16.1x1.1x
Tue, 08 Apr 2025US$2.1tUS$1.9tUS$143.8b11x14.4x1.1x
Thu, 06 Mar 2025US$2.3tUS$1.9tUS$143.5b12.3x15.9x1.2x
Sat, 01 Feb 2025US$2.4tUS$1.9tUS$158.3b12.4x15.4x1.3x
Mon, 30 Dec 2024US$2.2tUS$1.9tUS$158.3b11.6x14.2x1.2x
Wed, 27 Nov 2024US$2.5tUS$1.9tUS$158.6b12.2x15.5x1.3x
Fri, 25 Oct 2024US$2.3tUS$2.0tUS$173.0b11.3x13.5x1.2x
Sun, 22 Sep 2024US$2.3tUS$2.0tUS$172.6b11.8x13.3x1.2x
Tue, 20 Aug 2024US$2.3tUS$2.0tUS$172.2b11.6x13.5x1.2x
Thu, 18 Jul 2024US$2.3tUS$1.9tUS$176.0b12x13.3x1.2x
Sat, 15 Jun 2024US$2.2tUS$1.9tUS$176.1b11.1x12.6x1.1x
Mon, 13 May 2024US$2.3tUS$1.9tUS$175.2b11.7x13.4x1.2x
Wed, 10 Apr 2024US$2.5tUS$2.0tUS$206.1b10.9x12.1x1.3x
Fri, 08 Mar 2024US$2.3tUS$2.0tUS$207.0b9.2x10.9x1.1x
Sun, 04 Feb 2024US$2.2tUS$2.1tUS$229.0b8.4x9.7x1.1x
Tue, 02 Jan 2024US$2.3tUS$2.1tUS$242.2b8.6x9.3x1.1x
Thu, 30 Nov 2023US$2.3tUS$2.1tUS$242.5b8.7x9.3x1.1x
Sat, 28 Oct 2023US$2.3tUS$2.1tUS$252.4b7.8x9x1.1x
Mon, 25 Sep 2023US$2.4tUS$2.2tUS$272.6b7.6x8.7x1.1x
Wed, 23 Aug 2023US$2.3tUS$2.2tUS$272.4b7.7x8.5x1.1x
Fri, 21 Jul 2023US$2.6tUS$2.4tUS$317.5b7.1x8x1.1x
Sun, 18 Jun 2023US$2.5tUS$2.4tUS$315.8b7.3x7.8x1x
Tue, 16 May 2023US$2.1tUS$2.4tUS$316.1b6.8x6.7x0.9x
Thu, 13 Apr 2023US$2.3tUS$2.4tUS$279.2b6.8x8.1x1x
Sat, 11 Mar 2023US$2.2tUS$2.4tUS$280.4b6.8x7.7x0.9x
Price to Earnings Ratio

7.7x


Total Market Cap: US$2.2tTotal Earnings: US$280.4bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 13.3x202420252026
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 21.9x which is higher than its 3-year average PE of 13.3x.
  • 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 23% 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-0.57%
Energy1.73%
Energy Services2.16%
Oil and Gas1.68%
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 18.3%, which is higher than its past year's earnings decline of 36.8% 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 12.9x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 37% 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
XOM Exxon MobilUS$151.831.7%
+US$10.7b		41.2%PE21.9x
COP ConocoPhillipsUS$118.527.2%
+US$9.7b		30.8%PE18.2x
CVX ChevronUS$188.771.9%
+US$6.8b		24.2%PE30.6x
VG Venture GlobalUS$11.4622.6%
+US$5.2b		-16.8%PE11.6x
MPC Marathon PetroleumUS$211.988.5%
+US$4.9b		48.6%PE15.5x

Latest News

VG
US$11.46
Venture Global
7D
22.6%
1Y
-16.8%
BKR
US$62.54
Baker Hughes
7D
-3.4%
1Y
45.9%
LNG
US$246.07
Cheniere Energy
7D
11.4%
1Y
11.9%
VLO
US$217.71
Valero Energy
7D
9.2%
1Y
70.6%
UEC
US$14.56
Uranium Energy
7D
-10.0%
1Y
177.3%
CVX
US$188.77
Chevron
7D
1.9%
1Y
24.2%

Chevron Corporation (CVX): The Integrated Titan – Scaling Guyana and the Permian for a Decade of Cash Flow

Chevron (CVX) stands as a premier pillar of the global energy sector as we open March 2026, with the stock closing at $186.75 on February 27. The company has successfully navigated the most significant strategic shift in its recent history by fully integrating Hess Corporation , a $53 billion merger that closed in July 2025 after a favorable arbitration ruling regarding the crown-jewel Stabroek Block in Guyana.
WMB
US$75.88
Williams Companies
7D
3.2%
1Y
33.6%
SLB
US$48.58
SLB
7D
-6.3%
1Y
24.3%
WHD
US$50.21
Cactus
7D
-13.8%
1Y
3.4%

WHD: International Expansion May Usher In New Era Of Transformative Growth

Analysts have raised their price target on Cactus from $57.00 to about $69.54, citing expectations for a “new era of transformative growth” supported by international expansion of the Surface Pressure Control business and potential margin optimization across U.S. and overseas markets. Analyst Commentary Bullish analysts are framing the recent price target increase on Cactus as part of a broader re-rating story tied to execution on international expansion and profitability.
MPC
US$211.98
Marathon Petroleum
7D
8.5%
1Y
48.6%

MPC: Refining Margins And Capital Returns Will Shape Balanced Future Outcomes

Analysts have nudged their average price targets on Marathon Petroleum higher, with recent changes ranging from a $1 lift at the low end to a $28 increase at the high end. These moves reflect updated views on refining fundamentals, margins and longer term P/E assumptions.
TPL
US$523.64
Texas Pacific Land
7D
-1.6%
1Y
14.9%

TPL: Overvaluation Will Persist Despite Stock Split And Higher Future P/E

Analysts have lifted their price target on Texas Pacific Land from about $281 to roughly $445, reflecting updated views on fair value, revenue growth assumptions, profit margins and future P/E expectations. What's in the News On February 10, 2026, Texas Pacific Land's board declared a quarterly cash dividend of $0.60 per share, payable on March 16, 2026 to stockholders of record on March 2, 2026, which is described as a 12.5% increase from the prior quarter regular dividend (company filing).
HAL
US$35.26
Halliburton
7D
-1.5%
1Y
46.0%

HAL: Venezuela Euphoria And U.S. Land Headwinds Will Pressure Future Returns

Analysts have modestly lifted their fair value estimate for Halliburton to $28.33. This change is supported by a series of higher Street price targets that reflect updated views on revenue trends, profit margins and future P/E assumptions.
WFRD
US$97.83
Weatherford International
7D
-8.5%
1Y
79.9%

WFRD: Offshore Contract Wins And Venezuela Optionality Will Support Future Margin Strength

Analysts have lifted their fair value estimate for Weatherford International from $83.73 to $105.36, citing recent price target increases from several banks and updated assumptions that include a slightly lower discount rate, a marginally different revenue growth outlook, higher expected profit margins, and a higher future P/E multiple. Analyst Commentary Recent Street research around Weatherford International has centered on a cluster of price target revisions, with several firms adjusting their views within a relatively short window.
RIG
US$6.11
Transocean
7D
-6.6%
1Y
122.2%
COP
US$118.52
ConocoPhillips
7D
7.2%
1Y
30.8%
XOM
US$151.83
Exxon Mobil
7D
1.7%
1Y
41.2%