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U.S. Energy Sector Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies428
  • 7D4.1%
  • 3M35.4%
  • 1Y28.3%
  • YTD31.9%

Over the last 7 days, the Energy industry has risen 4.1%, driven by gains from Exxon Mobil of 4.6%. In the last 12 months, the industry was up 28%. 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
Fri, 27 Mar 2026US$3.1tUS$1.9tUS$130.6b18.4x23.8x1.7x
Sun, 22 Feb 2026US$2.8tUS$1.9tUS$130.6b17x21.4x1.5x
Tue, 20 Jan 2026US$2.5tUS$1.9tUS$126.3b16.6x19.6x1.3x
Thu, 18 Dec 2025US$2.3tUS$1.9tUS$126.2b14.9x17.9x1.2x
Sat, 15 Nov 2025US$2.3tUS$1.9tUS$125.5b15.8x18.6x1.3x
Mon, 13 Oct 2025US$2.2tUS$1.9tUS$125.9b13.4x17.7x1.2x
Wed, 10 Sep 2025US$2.3tUS$1.9tUS$125.9b13.4x18.1x1.2x
Fri, 08 Aug 2025US$2.2tUS$1.9tUS$125.1b13.1x17.9x1.2x
Sun, 06 Jul 2025US$2.3tUS$1.9tUS$134.5b12.3x17.2x1.2x
Tue, 03 Jun 2025US$2.2tUS$1.9tUS$134.4b11.5x16x1.1x
Thu, 01 May 2025US$2.2tUS$1.9tUS$140.2b11.3x15.5x1.1x
Sat, 29 Mar 2025US$2.4tUS$1.9tUS$143.8b12.9x16.9x1.3x
Mon, 24 Feb 2025US$2.4tUS$1.9tUS$150.0b12.9x16x1.3x
Wed, 22 Jan 2025US$2.5tUS$1.9tUS$158.7b13.1x15.7x1.3x
Fri, 20 Dec 2024US$2.2tUS$1.9tUS$158.5b11.4x14x1.1x
Sun, 17 Nov 2024US$2.4tUS$1.9tUS$159.7b12x15.2x1.3x
Tue, 15 Oct 2024US$2.4tUS$2.0tUS$175.8b11.7x13.7x1.2x
Thu, 12 Sep 2024US$2.2tUS$2.0tUS$172.6b11x12.6x1.1x
Sat, 10 Aug 2024US$2.3tUS$2.0tUS$172.4b10.8x13.3x1.2x
Mon, 08 Jul 2024US$2.3tUS$1.9tUS$176.1b11.3x12.9x1.2x
Wed, 05 Jun 2024US$2.3tUS$1.9tUS$176.3b11.2x12.9x1.2x
Fri, 03 May 2024US$2.4tUS$2.0tUS$191.7b11x12.3x1.2x
Sun, 31 Mar 2024US$2.4tUS$2.0tUS$206.4b10.4x11.8x1.2x
Tue, 27 Feb 2024US$2.2tUS$2.0tUS$208.8b9.3x10.6x1.1x
Thu, 25 Jan 2024US$2.2tUS$2.1tUS$242.5b8.5x9x1.1x
Sat, 23 Dec 2023US$2.3tUS$2.1tUS$242.2b8.7x9.4x1.1x
Mon, 20 Nov 2023US$2.3tUS$2.1tUS$242.6b8.8x9.3x1.1x
Wed, 18 Oct 2023US$2.4tUS$2.2tUS$272.8b7.5x8.9x1.1x
Fri, 15 Sep 2023US$2.4tUS$2.2tUS$272.6b7.9x8.9x1.1x
Sun, 13 Aug 2023US$2.7tUS$2.2tUS$272.9b8x10x1.3x
Tue, 11 Jul 2023US$2.5tUS$2.4tUS$315.8b6.9x7.9x1.1x
Thu, 08 Jun 2023US$2.4tUS$2.4tUS$315.8b7.2x7.7x1x
Sat, 06 May 2023US$2.1tUS$2.4tUS$317.8b6.8x6.7x0.9x
Mon, 03 Apr 2023US$2.2tUS$2.4tUS$280.7b6.7x7.7x0.9x
Price to Earnings Ratio

7.7x


Total Market Cap: US$2.2tTotal Earnings: US$280.7bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 13.6x202420252026
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 23.9x which is higher than its 3-year average PE of 13.6x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.7x.
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-0.15%
Energy4.14%
Energy Services6.84%
Oil and Gas3.86%
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 18.7%, which is higher than its past year's earnings decline of 33.1% 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 13.2x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 19% 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
XOM Exxon MobilUS$165.434.6%
+US$30.3b		40.3%PE23.9x
CVX ChevronUS$207.793.2%
+US$12.7b		24.7%PE33.7x
COP ConocoPhillipsUS$133.255.7%
+US$8.8b		29.6%PE20.5x
SLB SLBUS$52.319.4%
+US$6.7b		24.3%PE23.3x
VG Venture GlobalUS$16.8217.7%
+US$6.2b		57.9%PE18.3x

Latest News

COP
US$133.25
ConocoPhillips
7D
5.7%
1Y
29.6%
XOM
US$165.43
Exxon Mobil
7D
4.6%
1Y
40.3%
AROC
US$35.70
Archrock
7D
-1.7%
1Y
34.4%
BATL
US$5.56
Battalion Oil
7D
-57.3%
1Y
383.5%
MPC
US$248.31
Marathon Petroleum
7D
5.3%
1Y
68.5%
EOG
US$147.49
EOG Resources
7D
6.2%
1Y
16.4%
TPL
US$522.28
Texas Pacific Land
7D
-1.9%
1Y
17.6%

TPL: Overvaluation Will Persist Despite Higher Dividend And Rich Future P/E

Analysts kept their price target for Texas Pacific Land steady at $444.50. This reflects unchanged views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions that continue to underpin their valuation framework.
OXY
US$64.36
Occidental Petroleum
7D
8.0%
1Y
30.0%

OXY: Geopolitics And Efficiency Assumptions Will Pressure Future Cash Flow Reliability

Occidental Petroleum's fair value estimate has edged from $40.00 to about $39.50 as analysts adjust price targets in response to updated oil price assumptions, capital efficiency expectations, and a higher future P/E backdrop reflected in recent research. Analyst Commentary Across recent research, analysts are updating their views on Occidental as new oil price decks, capital spending plans, and geopolitical risks filter through their models.
VG
US$16.82
Venture Global
7D
17.7%
1Y
57.9%
UEC
US$13.05
Uranium Energy
7D
-1.7%
1Y
155.4%
DTM
US$137.13
DT Midstream
7D
-0.8%
1Y
41.4%

DTM: US$3.4b Gas Backlog And Dividend Increases Will Shape Fair Outlook

The analyst price target for DT Midstream has increased by about $2 after analysts refreshed their models following the company's Q4 results, updated earnings, updated commodity price assumptions, and a larger long-term project backlog. Analyst Commentary Recent research updates show a mix of optimism on DT Midstream's growth outlook and some caution tied to valuation and longer term assumptions.
LEU
US$193.31
Centrus Energy
7D
-5.7%
1Y
179.8%

LEU: DOE Funding And Capacity Build Out Will Drive Future Upside

Analysts have trimmed Centrus Energy's average price target, with cuts from firms such as UBS to $195 from $245 and Citi to $225 from $292, reflecting limited near term earnings visibility as the company continues its contracted broker trader operations and invests in capacity build out, even as many still highlight potential long term benefits from an expected nuclear build cycle and recent U.S. Department of Energy funding awards. Analyst Commentary Recent Street research on Centrus Energy clusters around two themes: how to value the stock after the price target resets, and how confidently to underwrite the execution and timing of its capacity build out and nuclear fuel role.
SEI
US$60.45
Solaris Energy Infrastructure
7D
-8.2%
1Y
160.0%

SEI: Expanded Capacity And Hyperscaler Contracts Will Support Data Center Power Demand

Analysts have raised the Solaris Energy Infrastructure price target to about $61, up from $60, citing planned capacity additions, growing data center and hyperscaler demand, and updated P/E assumptions that incorporate recent Street research from firms across the sector. Analyst Commentary Recent Street research on Solaris Energy Infrastructure highlights a mix of optimism around capacity growth and data center demand, alongside a more cautious thread focused on valuation and execution risks.
SLB
US$52.31
SLB
7D
9.4%
1Y
24.3%

SLB: ChampionX Integration And Portfolio Shift Will Support Multi Year Upside

Analyst price targets for SLB have moved higher into the mid $50s, even as some models reflect softer near term revenue and slightly higher discount rates. Many analysts point to what they see as a still supportive backdrop for oilfield services activity and more resilient long term customer plans.
CVX
US$207.79
Chevron
7D
3.2%
1Y
24.7%
LBRT
US$29.86
Liberty Energy
7D
-5.9%
1Y
84.1%

LBRT: Future Returns Will Balance Data Center Power Buildout And Geopolitical Cyclicality

Analysts have nudged the fair value estimate for Liberty Energy higher, with the implied price target moving from about $25.17 to roughly $28.85. This points to increased confidence around the company’s evolving mix of oil and gas completions and its growing Power business, despite geopolitical noise.