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U.S. Energy Sector Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies431
  • 7D0.02%
  • 3M14.3%
  • 1Y35.9%
  • YTD22.1%

In the last week, Energy has been flat. The past year has been better, since the industry has gained 36% in that time. Looking forward, earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026US$2.8tUS$1.9tUS$132.2b16.9x21.5x1.5x
Fri, 20 Mar 2026US$3.0tUS$1.9tUS$130.6b18.2x22.8x1.6x
Sun, 15 Feb 2026US$2.8tUS$1.9tUS$129.0b16.9x21.5x1.5x
Tue, 13 Jan 2026US$2.4tUS$1.9tUS$126.3b15.7x19.1x1.3x
Thu, 11 Dec 2025US$2.4tUS$1.9tUS$124.8b15.7x18.9x1.3x
Sat, 08 Nov 2025US$2.3tUS$1.9tUS$125.8b15x18.1x1.2x
Mon, 06 Oct 2025US$2.4tUS$1.9tUS$125.9b14x19.3x1.3x
Wed, 03 Sep 2025US$2.3tUS$1.9tUS$126.4b13.7x18.5x1.3x
Fri, 01 Aug 2025US$2.3tUS$1.9tUS$133.9b12.4x17.3x1.2x
Sun, 29 Jun 2025US$2.2tUS$1.9tUS$134.4b11.9x16.7x1.2x
Tue, 27 May 2025US$2.2tUS$1.9tUS$134.3b11.3x16.1x1.1x
Thu, 24 Apr 2025US$2.1tUS$1.9tUS$143.4b11.3x14.9x1.1x
Sat, 22 Mar 2025US$2.4tUS$1.9tUS$143.9b13.1x16.9x1.3x
Mon, 17 Feb 2025US$2.4tUS$1.9tUS$154.7b12.3x15.5x1.3x
Wed, 15 Jan 2025US$2.4tUS$1.9tUS$158.5b12.3x15.3x1.3x
Fri, 13 Dec 2024US$2.4tUS$1.9tUS$158.5b12.2x14.9x1.2x
Sun, 10 Nov 2024US$2.4tUS$1.9tUS$160.5b11.6x15.1x1.3x
Tue, 08 Oct 2024US$2.4tUS$2.0tUS$175.7b12.2x13.8x1.2x
Thu, 05 Sep 2024US$2.3tUS$2.0tUS$172.5b11.1x13.2x1.2x
Sat, 03 Aug 2024US$2.3tUS$1.9tUS$172.3b11x13.2x1.2x
Mon, 01 Jul 2024US$2.3tUS$1.9tUS$176.1b11.2x13.1x1.2x
Wed, 29 May 2024US$2.3tUS$1.9tUS$174.8b11.4x13.1x1.2x
Fri, 26 Apr 2024US$2.5tUS$2.0tUS$202.6b11x12.2x1.3x
Sun, 24 Mar 2024US$2.4tUS$2.0tUS$206.3b9.7x11.5x1.2x
Tue, 20 Feb 2024US$2.2tUS$2.0tUS$215.2b9x10.2x1.1x
Thu, 18 Jan 2024US$2.2tUS$2.1tUS$242.2b8.2x8.9x1x
Sat, 16 Dec 2023US$2.2tUS$2.1tUS$242.3b8.6x9.3x1.1x
Mon, 13 Nov 2023US$2.2tUS$2.1tUS$242.7b8.7x9.2x1.1x
Wed, 11 Oct 2023US$2.4tUS$2.2tUS$272.8b7.7x8.7x1.1x
Fri, 08 Sep 2023US$2.4tUS$2.2tUS$272.6b7.8x8.8x1.1x
Sun, 06 Aug 2023US$2.6tUS$2.2tUS$274.1b7.9x9.5x1.2x
Tue, 04 Jul 2023US$2.5tUS$2.4tUS$315.8b7x7.9x1.1x
Thu, 01 Jun 2023US$2.4tUS$2.4tUS$315.7b6.8x7.5x1x
Sat, 29 Apr 2023US$2.2tUS$2.4tUS$294.5b6.8x7.5x0.9x
Price to Earnings Ratio

7.5x


Total Market Cap: US$2.2tTotal Earnings: US$294.5bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 14x202420252026
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 21.5x which is higher than its 3-year average PE of 14.0x.
  • 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 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 Market1.31%
Energy0.017%
Energy Services0.97%
Oil and Gas-0.096%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.5x.
    • Analysts are expecting annual earnings growth of 18.2%, which is higher than its past year's earnings decline of 26.6% 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 13.6x.
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 27% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 9.5% 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
COP ConocoPhillipsUS$122.603.1%
+US$4.5b		36.3%PE18.8x
SLB SLBUS$54.353.7%
+US$2.9b		59.7%PE24.2x
CVX ChevronUS$186.320.8%
+US$2.8b		36.3%PE30.2x
BKR Baker HughesUS$62.544.1%
+US$2.4b		74.3%PE24x
FANG Diamondback EnergyUS$193.874.3%
+US$2.3b		43.0%PE32.9x

Latest News

HAL
US$38.15
Halliburton
7D
1.7%
1Y
84.3%

Halliburton: Downgraded On Strong Stock Rally And Rising Uncertainty

Apr 22
OXY
US$56.33
Occidental Petroleum
7D
1.7%
1Y
40.9%
WMB
US$70.43
Williams Companies
7D
-1.4%
1Y
21.0%

WMB: Future Clean Energy Expansion Will Face Persistent Execution Risk Concerns

The updated fair value estimate for Williams Companies rises from $56.99 to $64.46 as analysts incorporate revised Street price targets, expectations for higher revenue growth, and a higher future P/E multiple, partially offset by lower projected profit margins. Analyst Commentary Recent Street research on Williams Companies has leaned constructive, with several firms lifting price targets and, in some cases, upgrading ratings.
FANG
US$189.80
Diamondback Energy
7D
1.8%
1Y
39.0%
TRGP
US$232.65
Targa Resources
7D
-2.8%
1Y
36.1%
XOM
US$148.36
Exxon Mobil
7D
-0.6%
1Y
37.0%

Exxon Mobil Corporation (XOM): The Permian Powerhouse and the Guyana Growth Engine

Exxon Mobil Corporation (XOM) , the architect of the global energy landscape, enters Sunday, April 19, 2026 , as a dominant force in the transition toward high-return, low-cost production. Trading at $163.91 USD following a resilient start to the month, the stock is effectively shaking off the localized volatility of early April as it prepares for its Q1 earnings report on Friday, May 1.
SLB
US$52.77
SLB
7D
2.5%
1Y
52.5%

SLB: Oil Services Repositioning And AI Partnerships Will Shape Future Risk Profile

The analyst fair value estimate for SLB shifts to $56.36 from $55.43, as analysts factor in updated models that reflect slightly higher revenue growth assumptions, a modestly higher future P/E, and recent Street price target increases across several firms. Analyst Commentary Recent Street research on SLB shows a cluster of price target increases from a wide set of firms, with only one downgrade in the mix.
CVX
US$185.98
Chevron
7D
-0.6%
1Y
35.5%

CVX: Firmer Long Term Oil Prices Will Drive Future Cash Returns

Chevron's updated analyst price target has shifted from $203.00 to $213.29 as analysts factor in higher projected revenue growth, slightly better profit margins, and a modestly lower future P/E, supported by a series of recent upgrades and price target increases tied to expectations for firmer long term oil prices. Analyst Commentary Recent research commentary on Chevron clusters around oil price expectations, cash flow potential, and the company’s ability to execute on its project pipeline while maintaining shareholder returns.
VLO
US$233.39
Valero Energy
7D
-0.9%
1Y
107.5%

Valero Energy: An Oil Refiner That Will Grow Even With An Open Strait of Hormuz

Apr 18
VG
US$12.09
Venture Global
7D
-3.4%
1Y
40.6%
TPL
US$437.72
Texas Pacific Land
7D
6.2%
1Y
0.2%
DINO
US$59.56
HF Sinclair
7D
4.2%
1Y
99.1%

DINO: Governance Review And Mixed Refining Outlook Will Shape Capital Returns

The updated analyst price target for HF Sinclair has increased by just over $5 per share. Analysts attribute this change to revised refined oil price assumptions and to the company’s refining and specialty businesses, which are viewed as mixed but still valuable contributors.
BKR
US$60.25
Baker Hughes
7D
-2.0%
1Y
57.1%
COP
US$120.26
ConocoPhillips
7D
1.2%
1Y
34.0%
MPC
US$220.35
Marathon Petroleum
7D
-1.6%
1Y
67.7%

MPC: Higher Oil Assumptions And Labor Talks Will Shape Future Returns

The updated analyst price target for Marathon Petroleum increases to $236.61 from $216.17. Analysts attribute this change to adjustments in fair value assumptions, a slightly lower discount rate, revised revenue growth and profit margin inputs, and a different future P/E outlook.
VNOM
US$47.01
Viper Energy
7D
4.3%
1Y
15.6%

VNOM: Higher Oil Deck And Permian Royalties Will Shape Future Cash Returns

The analyst price target for Viper Energy has increased by about $1 to reflect updated oil price assumptions, refreshed company models, and growing Street confidence in its simplified Permian-focused royalty portfolio and financial profile. Analyst Commentary Recent Street research on Viper Energy centers on two main drivers: updated oil price decks and a cleaner, Permian-only royalty portfolio after non-core divestitures.