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U.S. Energy Sector Analysis

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies442
  • 7D-0.08%
  • 3M-0.3%
  • 1Y26.9%
  • YTD24.2%

Over the last 7 days, the Energy industry has remained flat. The past year has been better, since the industry has gained 27% in that time. 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
Sun, 14 Jun 2026US$2.9tUS$1.9tUS$125.1b16x23.1x1.5x
Tue, 12 May 2026US$2.9tUS$1.9tUS$125.0b15.9x22.9x1.5x
Thu, 09 Apr 2026US$3.1tUS$1.9tUS$130.7b17x23.6x1.6x
Sat, 07 Mar 2026US$2.9tUS$1.9tUS$130.5b18x22.1x1.5x
Mon, 02 Feb 2026US$2.6tUS$2.4tUS$161.8b16.6x16.2x1.1x
Wed, 31 Dec 2025US$2.3tUS$1.9tUS$126.3b15.3x18.4x1.2x
Fri, 28 Nov 2025US$2.3tUS$1.9tUS$124.8b15.2x18.5x1.2x
Sun, 26 Oct 2025US$2.3tUS$1.9tUS$126.9b14.6x18.1x1.2x
Tue, 23 Sep 2025US$2.3tUS$1.9tUS$125.9b13.5x18.3x1.2x
Thu, 21 Aug 2025US$2.2tUS$1.9tUS$126.2b12.9x17.5x1.2x
Sat, 19 Jul 2025US$2.2tUS$1.9tUS$132.1b12.1x17x1.2x
Mon, 16 Jun 2025US$2.3tUS$1.9tUS$134.4b12.6x17.4x1.2x
Wed, 14 May 2025US$2.2tUS$1.9tUS$135.4b11.9x16.4x1.2x
Fri, 11 Apr 2025US$2.2tUS$1.9tUS$143.8b11x14.9x1.1x
Sun, 09 Mar 2025US$2.3tUS$1.9tUS$144.3b12.4x15.8x1.2x
Tue, 04 Feb 2025US$2.4tUS$1.9tUS$158.2b12.4x15x1.2x
Thu, 02 Jan 2025US$2.3tUS$1.9tUS$158.3b11.7x14.4x1.2x
Sat, 30 Nov 2024US$2.5tUS$1.9tUS$158.5b12.4x15.7x1.3x
Mon, 28 Oct 2024US$2.3tUS$2.0tUS$173.2b11.3x13.5x1.2x
Wed, 25 Sep 2024US$2.3tUS$2.0tUS$172.6b11.7x13.5x1.2x
Fri, 23 Aug 2024US$2.3tUS$2.0tUS$172.2b11.1x13.2x1.2x
Sun, 21 Jul 2024US$2.3tUS$1.9tUS$176.1b11.7x13.3x1.2x
Tue, 18 Jun 2024US$2.2tUS$1.9tUS$176.1b11.1x12.5x1.1x
Thu, 16 May 2024US$2.3tUS$1.9tUS$175.1b11.3x13.4x1.2x
Sat, 13 Apr 2024US$2.5tUS$2.0tUS$206.1b10.8x12.1x1.3x
Mon, 11 Mar 2024US$2.3tUS$2.0tUS$206.9b9.3x10.9x1.1x
Wed, 07 Feb 2024US$2.1tUS$2.0tUS$218.3b8.7x9.8x1.1x
Fri, 05 Jan 2024US$2.3tUS$2.1tUS$242.2b8.7x9.4x1.1x
Sun, 03 Dec 2023US$2.3tUS$2.1tUS$242.5b8.8x9.4x1.1x
Tue, 31 Oct 2023US$2.3tUS$2.1tUS$252.4b7.9x9x1.1x
Thu, 28 Sep 2023US$2.4tUS$2.2tUS$272.7b7.8x9x1.1x
Sat, 26 Aug 2023US$2.3tUS$2.2tUS$272.6b7.5x8.5x1.1x
Mon, 24 Jul 2023US$2.6tUS$2.4tUS$317.6b7.2x8.1x1.1x
Wed, 21 Jun 2023US$2.4tUS$2.4tUS$315.8b7.1x7.7x1x
Price to Earnings Ratio

7.7x


Total Market Cap: US$2.4tTotal Earnings: US$315.8bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 14.8x202420252026
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 23.1x which is higher than its 3-year average PE of 14.7x.
  • 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 7.0% 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 Market0.81%
Energy-0.081%
Energy Services2.86%
Oil and Gas-0.45%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.2x.
    • Analysts are expecting annual earnings growth of 21.2%, which is higher than its past year's earnings decline of 26.2% 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 14.3x.
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 26% 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
SLB SLBUS$56.182.4%
+US$2.0b		54.8%PE25.2x
TRGP Targa ResourcesUS$272.603.2%
+US$1.8b		55.9%PE27.6x
FTI TechnipFMCUS$70.795.9%
+US$1.6b		105.1%PE26.1x
OKE ONEOKUS$90.592.7%
+US$1.5b		8.2%PE16.2x
DVN Devon EnergyUS$45.312.3%
+US$1.2b		29.1%PE23x

Latest News

UEC
US$11.03
Uranium Energy
7D
-12.8%
1Y
76.5%
SLB
US$56.18
SLB
7D
2.4%
1Y
54.8%
TPL
US$378.91
Texas Pacific Land
7D
-2.8%
1Y
1.5%
Narrative Update • Jun 11

TPL: Future Upside Will Rely On Elevated Oil And Robust Margins

Analysts have kept the price target for Texas Pacific Land broadly in line around $445, citing largely unchanged assumptions for discount rate, profit margin, revenue growth and future P/E as the key drivers behind the steady view. What's in the News Exxon senior vice president flagged the possibility of Brent crude moving to a range of $150 to $160 per barrel in the coming weeks, with Texas Pacific Land, as a pure Permian Basin royalty company, positioned to fully capture any commodity price upside without operating costs tied to drilling or production.
VG
US$13.08
Venture Global
7D
2.2%
1Y
-25.9%
PSX
US$179.45
Phillips 66
7D
-2.0%
1Y
46.9%
FRO
US$39.07
Frontline
7D
11.1%
1Y
97.9%
EQT
US$51.94
EQT
7D
-3.4%
1Y
-8.6%
DVN
US$45.31
Devon Energy
7D
2.3%
1Y
29.1%
Narrative Update • Jun 10

DVN: Higher Oil Deck And Portfolio Review Are Expected To Support Cash Returns

Analysts have made a modest downward adjustment to the blended price target for Devon Energy, reflecting a mix of slightly lower targets, such as UBS cutting its view to $58, alongside multiple upward revisions in the $54 to $68 range that are tied to views on improved capital efficiency, portfolio review progress, and a tighter oil backdrop. Analyst Commentary Bullish analysts have been vocal on Devon Energy, pointing to a mix of capital efficiency, portfolio actions, and commodity exposure as key supports for their views.
EOG
US$136.65
EOG Resources
7D
-0.8%
1Y
9.1%
XOM
US$147.01
Exxon Mobil
7D
-1.9%
1Y
31.1%
EXE
US$88.78
Expand Energy
7D
-3.6%
1Y
-23.8%
OKE
US$90.59
ONEOK
7D
2.7%
1Y
8.2%
FTI
US$70.79
TechnipFMC
7D
5.9%
1Y
105.1%
Narrative Update • Jun 06

FTI: Subsea Order Cadence And Margin Gains Will Support Richer Future Pricing

Analysts have lifted the fair value estimate for TechnipFMC to $76.00 from $65.62, citing higher assumed revenue growth, slightly stronger profit margins, and a higher future P/E multiple. This outlook is supported by rising price targets that reference subsea order interest, margin expansion efforts, and recent earnings execution.
VLO
US$258.67
Valero Energy
7D
1.1%
1Y
92.9%
Narrative Update • Jun 05

VLO: Higher Oil Assumptions And Mixed Ratings Will Shape Balanced Future Prospects

Narrative Update on Valero Energy The analyst price target for Valero Energy has been raised by about $3 to roughly $259, as analysts factor in their updated views on refining margins, oil price assumptions, and a lower projected future P/E multiple. Analyst Commentary Recent research on Valero Energy reflects an active debate on how to value the stock as oil price assumptions, refining crack forecasts, and geopolitical risks are updated.
TRGP
US$272.60
Targa Resources
7D
3.2%
1Y
55.9%
Narrative Update • Jun 04

TRGP: Permian Volume Projects And Capex Discipline Will Shape Future Shareholder Returns

Analysts have raised the implied fair value estimate for Targa Resources to $283.90 from $266.80. Higher price targets, tied to updated expectations for revenue growth, profit margins and a modestly higher future P/E, reflect stronger assumptions around marketing, export activity and the current energy backdrop.
OXY
US$56.54
Occidental Petroleum
7D
-0.7%
1Y
21.7%