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U.S. Energy Sector Analysis

UpdatedDec 27, 2025
DataAggregated Company Financials
Companies437
  • 7D0.9%
  • 3M-4.4%
  • 1Y2.8%
  • YTD-2.0%

Over the last 7 days, the Energy industry has risen 1.3%, driven by gains from Exxon Mobil of 2.1%. This means that the industry has gained 3.2% over the past year. 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
Sat, 27 Dec 2025US$2.3tUS$1.9tUS$126.3b14.9x18.3x1.2x
Mon, 24 Nov 2025US$2.3tUS$1.9tUS$124.8b15.6x18.5x1.2x
Wed, 22 Oct 2025US$2.3tUS$1.9tUS$124.8b13.7x18.2x1.2x
Fri, 19 Sep 2025US$2.3tUS$1.9tUS$125.9b14x18.6x1.3x
Sun, 17 Aug 2025US$2.2tUS$1.9tUS$126.3b13.1x17.7x1.2x
Tue, 15 Jul 2025US$2.4tUS$1.9tUS$134.5b12x17.6x1.2x
Thu, 12 Jun 2025US$2.3tUS$1.9tUS$134.4b12.1x16.8x1.2x
Sat, 10 May 2025US$2.2tUS$1.9tUS$135.2b11.7x16x1.1x
Mon, 07 Apr 2025US$2.1tUS$1.9tUS$143.8b11.3x14.4x1.1x
Wed, 05 Mar 2025US$2.3tUS$1.9tUS$143.3b12.3x16.1x1.2x
Fri, 31 Jan 2025US$2.4tUS$1.9tUS$158.0b12.9x15.4x1.3x
Sun, 29 Dec 2024US$2.2tUS$1.9tUS$158.3b11.6x14.2x1.2x
Tue, 26 Nov 2024US$2.5tUS$1.9tUS$158.6b12.2x15.8x1.3x
Thu, 24 Oct 2024US$2.3tUS$2.0tUS$176.1b11.2x13.3x1.2x
Sat, 21 Sep 2024US$2.3tUS$2.0tUS$172.6b11.8x13.4x1.2x
Mon, 19 Aug 2024US$2.3tUS$2.0tUS$172.2b11.6x13.5x1.2x
Wed, 17 Jul 2024US$2.3tUS$1.9tUS$176.0b11.9x13.3x1.2x
Fri, 14 Jun 2024US$2.2tUS$1.9tUS$176.3b11.4x12.6x1.1x
Sun, 12 May 2024US$2.3tUS$1.9tUS$175.3b11.6x13.3x1.2x
Tue, 09 Apr 2024US$2.5tUS$2.0tUS$206.1b11x12.2x1.3x
Thu, 07 Mar 2024US$2.2tUS$2.0tUS$207.1b9.1x10.8x1.1x
Sat, 03 Feb 2024US$2.2tUS$2.1tUS$229.0b8.4x9.7x1.1x
Mon, 01 Jan 2024US$2.3tUS$2.1tUS$242.2b8.6x9.3x1.1x
Wed, 29 Nov 2023US$2.3tUS$2.1tUS$242.5b8.7x9.3x1.1x
Fri, 27 Oct 2023US$2.3tUS$2.2tUS$273.0b7.6x8.5x1.1x
Sun, 24 Sep 2023US$2.4tUS$2.2tUS$272.6b7.6x8.7x1.1x
Tue, 22 Aug 2023US$2.3tUS$2.2tUS$272.4b7.8x8.6x1.1x
Thu, 20 Jul 2023US$2.5tUS$2.4tUS$317.0b7x8x1.1x
Sat, 17 Jun 2023US$2.5tUS$2.4tUS$315.8b7.3x7.8x1x
Mon, 15 May 2023US$2.1tUS$2.4tUS$316.1b6.5x6.6x0.9x
Wed, 12 Apr 2023US$2.3tUS$2.4tUS$279.2b7x8.1x1x
Fri, 10 Mar 2023US$2.2tUS$2.4tUS$280.5b6.9x7.8x0.9x
Sun, 05 Feb 2023US$2.3tUS$2.3tUS$270.7b7.6x8.4x1x
Tue, 03 Jan 2023US$2.3tUS$2.3tUS$256.9b8.2x9x1x
Price to Earnings Ratio

9x


Total Market Cap: US$2.3tTotal Earnings: US$256.9bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 12.6x20242025
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 18.3x which is higher than its 3-year average PE of 12.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
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 6.5% 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 Market1.24%
Energy0.92%
Oil and Gas0.98%
Energy Services0.40%
Industry PE
  • Investors are most optimistic about the Energy Services industry, which is trading close to its 3-year average PE ratio of 25.7x.
    • Analysts are expecting annual earnings growth of 16.8%, which is higher than its past year's earnings decline of 20.4% 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 12.2x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 20% 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$119.112.1%
+US$10.2b		11.9%PE16.8x
CVX ChevronUS$150.021.5%
+US$4.6b		4.2%PE23.7x
KMI Kinder MorganUS$27.192.6%
+US$1.6b		0.04%PE22.3x
WMB Williams CompaniesUS$59.522.2%
+US$1.5b		10.3%PE30.7x
VG Venture GlobalUS$6.959.4%
+US$1.5b		n/aPE8.2x

Latest News

COP
US$91.54
ConocoPhillips
7D
-0.4%
1Y
-5.6%

COP: Free Cash Flow Will Strengthen As Peak Capex Fades And Production Increases

The analyst price target for ConocoPhillips edges slightly lower by approximately $0.02 to reflect modestly softer medium term growth and margin assumptions, as analysts recalibrate models following Q3 updates, refreshed 2025 and preliminary 2026 guidance, and a sector-wide bias toward gas over oil. Analyst Commentary Street research indicates that the modestly lower consolidated price target reflects mixed revisions at the single stock level, with most firms maintaining positive fundamental views while trimming outer year assumptions to reflect softer gas and NGL realizations and more conservative commodity decks.
EOG
US$103.50
EOG Resources
7D
1.5%
1Y
-14.0%

EOG: Secular Gas Demand Will Drive Cash Flow Upside Ahead

Analysts have modestly trimmed their fair value estimate for EOG Resources by approximately $0.52 to about $136.20. This reflects slightly lower assumptions for revenue growth, profit margins, and future valuation multiples following updated 2025 guidance and early 2026 outlook commentary across the energy coverage.
VG
US$6.95
Venture Global
7D
9.4%
1Y
n/a
CVI
US$26.02
CVR Energy
7D
-5.6%
1Y
40.9%
PSX
US$127.75
Phillips 66
7D
-0.9%
1Y
13.5%

PSX: Future Cash Flows Will Reflect Robust Capital Returns Amid Refining Margin Support

Analysts have nudged their blended price target on Phillips 66 slightly lower to approximately $149 from about $149.35, reflecting a modestly higher discount rate and softer long term revenue expectations. This is partially offset by slightly improved profit margin and future earnings multiple assumptions informed by recent target increases and ratings changes across the Street.
MPC
US$163.69
Marathon Petroleum
7D
-2.8%
1Y
20.7%

MPC: Capital Returns Will Drive Upside Amid Constructive Refining Tailwinds

Analysts have nudged our Marathon Petroleum fair value estimate slightly lower to approximately $201 from about $201.33 per share, as a modestly higher discount rate and slightly softer margin outlook more than offset incremental optimism around long term refining tailwinds, midstream value creation, and capital return that underpin a broadly higher Street price target range of roughly $189 to $220. Analyst Commentary Bullish analysts broadly frame Marathon Petroleum as a top tier refiner with a favorable risk reward profile, pointing to resilient cash generation, disciplined capital allocation, and supportive sector dynamics that justify price targets clustering near the low to mid $200s per share.
FANG
US$146.31
Diamondback Energy
7D
-1.2%
1Y
-7.6%

FANG Will Deliver Strong Cash Returns Through Disciplined Maintenance Production

We are trimming our Diamondback Energy fair value estimate to approximately $210 per share from about $235 per share, as analysts factor in updated 2025 and 2026 guidance, a less constructive oil macro backdrop, and lower long term growth and valuation multiples, despite still solid Q3 execution and cash flow. Analyst Commentary Recent Street research on Diamondback Energy reflects a generally constructive tone, with modest target price revisions and continued support for the company’s operational strategy and capital returns framework.
OKE
US$72.85
ONEOK
7D
1.6%
1Y
-27.7%

OKE: Future Synergy Delivery Will Drive Multiple Stabilization And Cash Return Upside

Analysts have nudged their price targets on ONEOK slightly lower, trimming them by about $5 per share to reflect modestly higher discount rate assumptions and a wait and see stance on synergy realization and multiple stabilization following recent acquisitions. Analyst Commentary Recent Street commentary reflects a more balanced stance on ONEOK, with valuation resetting modestly lower even as long term growth and synergy narratives remain intact.
XOM
US$119.11
Exxon Mobil
7D
2.1%
1Y
11.9%
DINO
US$45.88
HF Sinclair
7D
-2.8%
1Y
34.0%

Are HF Sinclair Corporation (NYSE:DINO) Investors Paying Above The Intrinsic Value?

Dec 18
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SLB
US$37.79
SLB
7D
-0.8%
1Y
-0.03%

SLB: Digital Segment And AI Partnerships Will Drive Multi-Year Upside Potential

SLB's fair value estimate has edged down slightly to approximately $56.41 from about $56.68 as analysts moderate their price targets amid mixed revisions, balancing optimism around the company's digital tailwinds and solid core execution against sector wide macro uncertainty and longer dated performance risks. Analyst Commentary Recent Street commentary on SLB reflects a generally constructive stance, with bullish analysts highlighting the company’s execution in its core businesses and the growing contribution from its digital segment as key factors supporting valuation, even as sector wide macro risks persist.
TPL
US$287.54
Texas Pacific Land
7D
-4.0%
1Y
-24.7%

TPL: Future Returns Will Reflect Higher Volumes And Stable Premium Multiples

Analysts have modestly lifted their price target for Texas Pacific Land to $842.50 from $842.50, reflecting steady expectations for strong revenue, resilient profit margins, and a sustained premium future P/E multiple. What's in the News Texas Pacific Land filed an amendment to its Certificate of Incorporation to implement a stock split and increase authorized common shares from 46,536,936 to 139,610,808, effective December 22, 2025, at 5:00 p.m. Eastern Time (company filing).
CVX
US$150.02
Chevron
7D
1.5%
1Y
4.2%

CVX: Future Dividend Capacity Will Be Driven By Strong Free Cash Flow

Analysts have nudged their average price target on Chevron higher by roughly $5 to reflect stronger than expected Q3 results, visible production growth and free cash flow support for dividend expansion, even as they modestly temper longer term revenue growth assumptions. Analyst Commentary Street research remains broadly constructive on Chevron, with a series of upward price target revisions reinforcing confidence in the company's capacity to sustain higher free cash flow, support dividend growth, and execute on its long term production plans.
WMB
US$59.52
Williams Companies
7D
2.2%
1Y
10.3%

WMB: Future Data Center And LNG Projects Will Drive Balanced Risk Reward

Analysts have raised their price targets for Williams Companies, which has driven our fair value estimate higher to about $54.55 from roughly $49.47. They highlight accelerating long term EBITDA growth, incremental project contributions, and increasing confidence that the company is well positioned to benefit from growing global natural gas infrastructure demand.
TRGP
US$182.90
Targa Resources
7D
2.2%
1Y
3.1%

TRGP: Expanded Permian Volumes Will Support Future Cash Returns And Buybacks

Analysts have trimmed their average price targets on Targa Resources by a few dollars per share to roughly the high $180s to low $200s range, reflecting modestly softer macro assumptions. At the same time, they highlight the company's diversified midstream footprint, resilient Permian growth outlook, and improving cash return profile.
KMI
US$27.19
Kinder Morgan
7D
2.6%
1Y
0.04%