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U.S. Energy Sector Analysis

UpdatedNov 19, 2025
DataAggregated Company Financials
Companies432
  • 7D-0.9%
  • 3M5.1%
  • 1Y-4.2%
  • YTD0.03%

In the last week, Energy has been flat. As for the longer term, the industry has declined 4.2% in the last 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
Thu, 20 Nov 2025US$2.3tUS$1.9tUS$125.2b15x18.6x1.3x
Sat, 18 Oct 2025US$2.2tUS$1.9tUS$125.8b13.3x17.7x1.2x
Mon, 15 Sep 2025US$2.3tUS$1.9tUS$125.9b13.6x18.3x1.2x
Wed, 13 Aug 2025US$2.2tUS$1.9tUS$125.9b13.2x17.5x1.2x
Fri, 11 Jul 2025US$2.3tUS$1.9tUS$134.5b12.1x17.3x1.2x
Sun, 08 Jun 2025US$2.2tUS$1.9tUS$134.4b11.7x16.5x1.2x
Tue, 06 May 2025US$2.2tUS$1.9tUS$135.9b11.3x15.9x1.1x
Thu, 03 Apr 2025US$2.5tUS$1.9tUS$143.8b12.9x17x1.3x
Sat, 01 Mar 2025US$2.4tUS$1.9tUS$144.4b12.8x16.3x1.2x
Mon, 27 Jan 2025US$2.5tUS$1.9tUS$159.4b12.4x15.4x1.3x
Wed, 25 Dec 2024US$2.3tUS$1.9tUS$158.3b11.8x14.2x1.2x
Fri, 22 Nov 2024US$2.5tUS$1.9tUS$159.9b12.2x15.5x1.3x
Sun, 20 Oct 2024US$2.3tUS$2.0tUS$175.9b11.6x13.3x1.2x
Tue, 17 Sep 2024US$2.2tUS$2.0tUS$172.6b11.3x12.7x1.1x
Thu, 15 Aug 2024US$2.3tUS$2.0tUS$172.1b11x13.3x1.2x
Sat, 13 Jul 2024US$2.3tUS$1.9tUS$176.1b11.5x13x1.2x
Mon, 10 Jun 2024US$2.2tUS$1.9tUS$176.3b11.5x12.8x1.2x
Wed, 08 May 2024US$2.3tUS$1.9tUS$176.6b11x13.2x1.2x
Fri, 05 Apr 2024US$2.5tUS$2.0tUS$206.0b10.9x12.1x1.3x
Sun, 03 Mar 2024US$2.2tUS$2.0tUS$208.1b9.1x10.8x1.1x
Tue, 30 Jan 2024US$2.3tUS$2.1tUS$239.8b8.6x9.5x1.1x
Thu, 28 Dec 2023US$2.3tUS$2.1tUS$242.2b8.7x9.5x1.1x
Sat, 25 Nov 2023US$2.3tUS$2.1tUS$242.5b8.8x9.4x1.1x
Mon, 23 Oct 2023US$2.4tUS$2.2tUS$273.0b7.5x8.8x1.1x
Wed, 20 Sep 2023US$2.4tUS$2.2tUS$272.6b7.7x8.8x1.1x
Fri, 18 Aug 2023US$2.7tUS$2.2tUS$272.5b7.8x9.8x1.2x
Sun, 16 Jul 2023US$2.5tUS$2.4tUS$315.8b6.9x7.9x1.1x
Tue, 13 Jun 2023US$2.5tUS$2.4tUS$315.8b7.1x7.8x1x
Thu, 11 May 2023US$2.1tUS$2.4tUS$315.5b6.4x6.7x0.9x
Sat, 08 Apr 2023US$2.2tUS$2.4tUS$280.7b6.9x7.9x0.9x
Mon, 06 Mar 2023US$2.3tUS$2.4tUS$280.7b7.5x8.2x1x
Wed, 01 Feb 2023US$2.4tUS$2.3tUS$262.6b8.1x9.1x1x
Fri, 30 Dec 2022US$2.3tUS$2.3tUS$257.1b8.1x8.9x1x
Sun, 27 Nov 2022US$2.4tUS$2.3tUS$256.8b8.5x9.4x1.1x
Price to Earnings Ratio

9.4x


Total Market Cap: US$2.4tTotal Earnings: US$256.8bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 12.3x202320242025
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 18.6x which is higher than its 3-year average PE of 12.3x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
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 Market-3.69%
Energy-0.85%
Oil and Gas-0.59%
Energy Services-3.42%
Industry PE
  • Investors are most optimistic about the Energy Services industry, which is trading close to its 3-year average PE ratio of 27.4x.
    • Analysts are expecting annual earnings growth of 17.1%, which is higher than its past year's earnings decline of 19.5% 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 11.9x.
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 19% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 12% 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
VLO Valero EnergyUS$185.432.5%
+US$1.4b		30.6%PE37.9x
FANG Diamondback EnergyUS$149.582.3%
+US$977.1m		-17.6%PE10.3x
VG Venture GlobalUS$7.904.9%
+US$905.8m		n/aPE9.5x
OXY Occidental PetroleumUS$42.521.6%
+US$660.1m		-15.8%PE28.7x
DVN Devon EnergyUS$35.872.0%
+US$445.4m		-5.4%PE8.3x

Latest News

VG
US$7.90
Venture Global
7D
4.9%
1Y
n/a
PR
US$13.83
Permian Resources
7D
2.1%
1Y
-8.6%
CVX
US$153.62
Chevron
7D
-1.7%
1Y
-3.7%

CVX: Dividend Strength And Asset Synergies Will Drive Shareholder Returns

Chevron's analyst price target has increased modestly to $172.80 from $172.04. Analysts cite strong Q3 financial performance, improving profit margins, and confidence in future cash flow and dividend growth as key factors for the upward revision.
VLO
US$185.43
Valero Energy
7D
2.5%
1Y
30.6%

VLO: Future Performance Will Reflect Industry Cyclicality And Robust Capital Return

Valero Energy's analyst price target has increased modestly from $180.78 to $182.22 per share. Analysts cite the company's strong earnings momentum, robust operating margins, and a constructive outlook for high-quality product demand as key drivers of the upward revision.
XOM
US$119.03
Exxon Mobil
7D
-0.6%
1Y
0.3%

XOM: Free Cash Flow Strength And Cost Savings Will Offset Industry Volatility

Exxon Mobil’s analyst price target has increased from $141 to $144 per share, with analysts citing the company’s resilient free cash flow and ongoing structural cost savings as key drivers for the modest upgrade. Analyst Commentary Recent research updates from Street analysts reflect a mix of optimism around Exxon Mobil’s positioning and growth prospects, as well as some reservations regarding the near-term outlook for the energy sector.
FRO
US$25.77
Frontline
7D
6.9%
1Y
25.7%

FRO: Winter Season Will Shape Earnings Amid Modern Fleet Advantage

Analysts have increased their price target for Frontline from $27.20 to $27.80 per share, citing improved profit margin forecasts and a favorable outlook for the company's modern tanker fleet this winter. Analyst Commentary Recent Street Research highlights a generally optimistic outlook on Frontline, with analysts adjusting their models and price targets upward ahead of the winter tanker season.
WMB
US$59.17
Williams Companies
7D
-2.4%
1Y
1.0%

WMB: Future Data Center Projects And Regulatory Advances Will Shape Returns

The analyst price target for Williams Companies has increased from approximately $67.22 to $67.46. Analysts cite growing project contributions and expectations for sector-leading EBITDA growth as key catalysts for the upward revision.
EQT
US$58.75
EQT
7D
-3.2%
1Y
33.3%

EQT: U.S. Gas Market Shifts and LNG Demand Will Shape Outlook

EQT's analyst price target has increased modestly by $0.30 to $63.70. This reflects analysts' continued positive outlook on the company's fundamentals and its ability to capitalize on emerging opportunities in the natural gas market.
FANG
US$149.58
Diamondback Energy
7D
2.3%
1Y
-17.6%
HAL
US$26.79
Halliburton
7D
-4.5%
1Y
-12.1%
COP
US$89.68
ConocoPhillips
7D
-1.1%
1Y
-20.7%

Earnings Troubles May Signal Larger Issues for ConocoPhillips (NYSE:COP) Shareholders

Nov 13
Earnings Troubles May Signal Larger Issues for ConocoPhillips (NYSE:COP) Shareholders
OXY
US$42.52
Occidental Petroleum
7D
1.6%
1Y
-15.8%
DVN
US$35.87
Devon Energy
7D
2.0%
1Y
-5.4%
TPL
US$920.12
Texas Pacific Land
7D
-7.0%
1Y
-35.2%
SLB
US$36.04
SLB
7D
-4.2%
1Y
-16.4%

SLB: Digital Expansion and AI Momentum Will Drive Long-Term Energy Sector Upside

Analysts have slightly raised their price target for SLB from $45.16 to $45.30, citing ongoing improvements to revenue growth and profit margin forecasts, as well as new digital segment momentum and sector tailwinds. This comes despite continued macroeconomic uncertainty reflected in recent market research.
KMI
US$27.09
Kinder Morgan
7D
0.6%
1Y
-3.5%