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U.S. Energy Sector Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies442
  • 7D4.6%
  • 3M18.4%
  • 1Y12.6%
  • YTD14.5%

Over the last 7 days, the Energy industry has risen 3.5%, driven by gains from Exxon Mobil of 7.3%. During this same period, the Uranium Energy underperformed, falling 20%. This takes the industry's 12 month performance to a gain of 13%. Looking forward, earnings are forecast to grow by 7.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026US$2.7tUS$1.9tUS$129.5b15.2x20.5x1.4x
Sat, 03 Jan 2026US$2.3tUS$1.9tUS$126.3b15.5x18.4x1.2x
Mon, 01 Dec 2025US$2.3tUS$1.9tUS$124.8b15.5x18.8x1.3x
Wed, 29 Oct 2025US$2.3tUS$1.9tUS$126.7b14.5x18.2x1.2x
Fri, 26 Sep 2025US$2.4tUS$1.9tUS$125.9b14.6x18.8x1.3x
Sun, 24 Aug 2025US$2.3tUS$1.9tUS$126.2b13.4x18.2x1.2x
Tue, 22 Jul 2025US$2.2tUS$1.9tUS$132.0b12x16.9x1.2x
Thu, 19 Jun 2025US$2.3tUS$1.9tUS$134.4b12.5x17.4x1.2x
Sat, 17 May 2025US$2.3tUS$1.9tUS$134.5b11.7x16.7x1.2x
Mon, 14 Apr 2025US$2.1tUS$1.9tUS$143.8b11.3x14.4x1.1x
Wed, 12 Mar 2025US$2.3tUS$1.9tUS$144.1b12.3x15.8x1.2x
Fri, 07 Feb 2025US$2.4tUS$1.9tUS$155.8b12.5x15.6x1.3x
Sun, 05 Jan 2025US$2.3tUS$1.9tUS$158.6b11.9x14.7x1.2x
Tue, 03 Dec 2024US$2.5tUS$1.9tUS$158.5b12.4x15.7x1.3x
Thu, 31 Oct 2024US$2.3tUS$2.0tUS$170.7b11.2x13.5x1.2x
Sat, 28 Sep 2024US$2.2tUS$2.0tUS$172.6b11.4x13x1.1x
Mon, 26 Aug 2024US$2.3tUS$2.0tUS$172.2b11.3x13.3x1.2x
Wed, 24 Jul 2024US$2.3tUS$1.9tUS$175.7b11.7x13.2x1.2x
Fri, 21 Jun 2024US$2.2tUS$1.9tUS$176.1b11.2x12.6x1.1x
Sun, 19 May 2024US$2.4tUS$1.9tUS$174.8b11.7x13.5x1.2x
Tue, 16 Apr 2024US$2.5tUS$2.0tUS$206.1b10.6x11.9x1.2x
Thu, 14 Mar 2024US$2.3tUS$2.0tUS$206.6b9.4x11x1.2x
Sat, 10 Feb 2024US$2.1tUS$2.0tUS$217.8b8.7x9.8x1.1x
Mon, 08 Jan 2024US$2.3tUS$2.1tUS$242.2b8.6x9.4x1.1x
Wed, 06 Dec 2023US$2.3tUS$2.1tUS$242.5b8.5x9.3x1.1x
Fri, 03 Nov 2023US$2.3tUS$2.0tUS$249.3b8.6x9.1x1.1x
Sun, 01 Oct 2023US$2.4tUS$2.2tUS$272.7b7.5x8.8x1.1x
Tue, 29 Aug 2023US$2.3tUS$2.2tUS$272.6b7.5x8.5x1.1x
Thu, 27 Jul 2023US$2.6tUS$2.4tUS$315.8b7.3x8.3x1.1x
Sat, 24 Jun 2023US$2.4tUS$2.4tUS$315.8b6.8x7.6x1x
Mon, 22 May 2023US$2.4tUS$2.4tUS$315.9b6.9x7.7x1x
Wed, 19 Apr 2023US$2.3tUS$2.4tUS$279.2b6.9x8.1x1x
Fri, 17 Mar 2023US$2.0tUS$2.4tUS$280.4b6.5x7.3x0.9x
Sun, 12 Feb 2023US$2.4tUS$2.3tUS$272.3b7.7x8.7x1x
Price to Earnings Ratio

8.7x


Total Market Cap: US$2.4tTotal Earnings: US$272.3bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 13x202420252026
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 20.5x which is higher than its 3-year average PE of 13.0x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 22% per year over the last three years,
  • Revenues have also declined 7.2% 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-1.46%
Energy4.59%
Energy Services4.71%
Oil and Gas4.57%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 24.0x.
    • Analysts are expecting annual earnings growth of 17.9%, which is higher than its past year's earnings decline of 18.4% 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 12.6x.
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 18% 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$147.597.3%
+US$36.6b		34.3%PE21.4x
CVX ChevronUS$181.236.6%
+US$19.1b		18.5%PE29.2x
COP ConocoPhillipsUS$107.596.1%
+US$7.7b		7.4%PE15.1x
MPC Marathon PetroleumUS$195.9213.9%
+US$6.1b		24.5%PE14.3x
PSX Phillips 66US$154.698.9%
+US$5.1b		25.4%PE14.2x

Latest News

PSX
US$154.69
Phillips 66
7D
8.9%
1Y
25.4%
BKR
US$59.17
Baker Hughes
7D
4.5%
1Y
21.1%
MPC
US$195.92
Marathon Petroleum
7D
13.9%
1Y
24.5%
XOM
US$147.59
Exxon Mobil
7D
7.3%
1Y
34.3%
LEU
US$251.43
Centrus Energy
7D
-25.6%
1Y
197.9%
SOC
US$8.27
Sable Offshore
7D
-18.5%
1Y
-64.1%
CVX
US$181.23
Chevron
7D
6.6%
1Y
18.5%
WMB
US$66.46
Williams Companies
7D
-0.7%
1Y
16.9%

Williams Companies (NYSE:WMB) Will Pay A Larger Dividend Than Last Year At $0.525

Jan 31
Williams Companies (NYSE:WMB) Will Pay A Larger Dividend Than Last Year At $0.525
CRK
US$21.54
Comstock Resources
7D
-3.9%
1Y
17.1%
VLO
US$197.41
Valero Energy
7D
7.3%
1Y
40.5%
SEI
US$48.28
Solaris Energy Infrastructure
7D
-10.2%
1Y
72.6%
UEC
US$16.10
Uranium Energy
7D
-20.1%
1Y
128.7%
COP
US$107.59
ConocoPhillips
7D
6.1%
1Y
7.4%

COP: Future Cash Flows Will Strengthen As Dividend Capacity Expands

Narrative Update The updated analyst price target for ConocoPhillips edges higher to about US$113. Analysts point to slightly stronger margin assumptions, a modestly higher future P/E multiple, and refreshed views on dividend growth and valuation across recent research updates.
TPL
US$346.47
Texas Pacific Land
7D
-2.3%
1Y
-25.5%

TPL: Overvaluation Is Expected To Persist Despite Stock Split And Buybacks

Analysts have maintained their fair value estimate for Texas Pacific Land at about US$280.83 per share, making only minor adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions that support this unchanged target. What's in the News Texas Pacific Land Corporation plans a 3 for 1 stock split or significant stock dividend, scheduled for December 23, 2025 (Key Developments).
EQT
US$55.40
EQT
7D
-1.0%
1Y
4.6%

EQT: Integrated Gas Model Will Support Future LNG And Datacenter Demand

The updated analyst price target for EQT edges down from about US$79.99 to US$76.00, reflecting a mix of target cuts and one increase across recent research, as analysts factor in revised assumptions for growth, margins, and future P/E multiples. Analyst Commentary Recent research on EQT includes several target cuts alongside one increase, which helps explain why the average price target has edged lower rather than moving sharply in either direction.
SLB
US$51.35
SLB
7D
5.1%
1Y
25.8%

SLB: Venezuela Euphoria And Weak Oil Prices Will Pressure Future Returns

Narrative Update Analysts have nudged their SLB price expectations higher, with our fair value estimate moving from US$38.00 to about US$40.07 as they factor in modestly stronger long term revenue growth, slightly higher profit margins, and a higher future P/E multiple supported by a recent wave of price target increases across the Street. Analyst Commentary Recent research on SLB shows a mix of optimism on long term fundamentals and caution on shorter term risks.