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U.S. Energy Sector Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies435
  • 7D2.7%
  • 3M3.0%
  • 1Y34.0%
  • YTD27.4%

Over the last 7 days, the Energy industry has risen 2.7%, driven by gains from ExxonMobil Holdings of 4.6%. In the last 12 months, the industry was up 34%. 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
Wed, 22 Jul 2026US$3.0tUS$1.9tUS$125.0b16.7x23.6x1.6x
Fri, 19 Jun 2026US$2.8tUS$1.9tUS$125.1b15.4x22.2x1.5x
Sun, 17 May 2026US$3.0tUS$1.9tUS$124.5b16.9x24.4x1.6x
Tue, 14 Apr 2026US$2.9tUS$1.9tUS$130.6b17.2x22.4x1.6x
Thu, 12 Mar 2026US$2.8tUS$1.9tUS$130.7b17.4x21.7x1.5x
Sat, 07 Feb 2026US$2.7tUS$1.9tUS$128.7b15.5x20.8x1.4x
Mon, 05 Jan 2026US$2.4tUS$1.9tUS$126.3b15.5x18.8x1.3x
Wed, 03 Dec 2025US$2.3tUS$1.9tUS$124.8b15.5x18.8x1.3x
Fri, 31 Oct 2025US$2.3tUS$1.9tUS$127.3b14.3x18x1.2x
Sun, 28 Sep 2025US$2.4tUS$1.9tUS$125.9b14.3x19.1x1.3x
Tue, 26 Aug 2025US$2.3tUS$1.9tUS$126.2b13.5x18.2x1.2x
Thu, 24 Jul 2025US$2.3tUS$1.9tUS$132.8b12.4x17x1.2x
Sat, 21 Jun 2025US$2.3tUS$1.9tUS$134.4b12.4x17.4x1.2x
Mon, 19 May 2025US$2.2tUS$1.9tUS$134.5b11.7x16.6x1.2x
Wed, 16 Apr 2025US$2.1tUS$1.9tUS$143.8b11.1x14.5x1.1x
Fri, 14 Mar 2025US$2.3tUS$1.9tUS$143.9b12.3x15.9x1.2x
Sun, 09 Feb 2025US$2.3tUS$1.9tUS$154.8b12.3x15.1x1.2x
Tue, 07 Jan 2025US$2.3tUS$1.9tUS$158.6b11.9x14.7x1.2x
Thu, 05 Dec 2024US$2.5tUS$1.9tUS$158.5b12x15.6x1.3x
Sat, 02 Nov 2024US$2.3tUS$1.9tUS$163.8b11.2x14.1x1.2x
Mon, 30 Sep 2024US$2.3tUS$2.0tUS$172.6b11.4x13.2x1.2x
Wed, 28 Aug 2024US$2.3tUS$2.0tUS$172.2b11.4x13.6x1.2x
Fri, 26 Jul 2024US$2.3tUS$1.9tUS$175.8b11.7x13x1.2x
Sun, 23 Jun 2024US$2.2tUS$1.9tUS$176.0b11.2x12.7x1.2x
Tue, 21 May 2024US$2.4tUS$1.9tUS$174.8b11.6x13.5x1.2x
Thu, 18 Apr 2024US$2.4tUS$2.0tUS$206.1b10.3x11.7x1.2x
Sat, 16 Mar 2024US$2.3tUS$2.0tUS$206.6b9.5x11.3x1.2x
Mon, 12 Feb 2024US$2.1tUS$2.0tUS$218.6b8.7x9.8x1.1x
Wed, 10 Jan 2024US$2.2tUS$2.1tUS$242.2b8.6x9.2x1.1x
Fri, 08 Dec 2023US$2.2tUS$2.1tUS$242.5b8.3x9x1.1x
Sun, 05 Nov 2023US$2.3tUS$2.0tUS$246.5b8.7x9.4x1.1x
Tue, 03 Oct 2023US$2.4tUS$2.2tUS$272.7b7.6x8.8x1.1x
Thu, 31 Aug 2023US$2.3tUS$2.2tUS$272.6b7.6x8.6x1.1x
Sat, 29 Jul 2023US$2.6tUS$2.3tUS$296.8b7.4x8.8x1.1x
Price to Earnings Ratio

8.8x


Total Market Cap: US$2.6tTotal Earnings: US$296.8bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 15.3x202420252026
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 23.6x which is higher than its 3-year average PE of 15.3x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 25% per year over the last three years,
  • Revenues have also declined 5.9% 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-0.68%
Energy2.71%
Oil and Gas3.19%
Energy Services-1.45%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 22.2x.
    • Analysts are expecting annual earnings growth of 20.6%, which is higher than its past year's earnings decline of 25.8% 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 14.9x.
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
XOM ExxonMobil HoldingsUS$151.714.6%
+US$27.4b		39.8%PE24.8x
CVX ChevronUS$191.075.1%
+US$18.4b		27.3%PE34.3x
COP ConocoPhillipsUS$117.505.0%
+US$6.9b		26.4%PE19.6x
MPC Marathon PetroleumUS$319.765.4%
+US$4.8b		82.5%PE20.2x
PSX Phillips 66US$212.275.4%
+US$4.3b		68.3%PE20.7x

Latest News

HAL
US$33.19
Halliburton
7D
-6.3%
1Y
55.2%
BKR
US$56.38
Baker Hughes
7D
-2.4%
1Y
40.9%
Narrative Update • Jul 20

BKR: Future Returns Will Balance Data Center Power Deals And Geopolitical Energy Risks

The Baker Hughes analyst price target increases slightly to $53.49 from $52.30, as analysts factor in a modestly lower discount rate, a neutral adjustment to assumed revenue growth, and a slightly higher profit margin outlook within a similar future P/E framework. Analyst Commentary Recent Street research on Baker Hughes shows a mix of optimism around long term energy security themes and more cautious adjustments tied to near term volatility in oil prices, geopolitics, and the timing of industry spending.
VLO
US$314.80
Valero Energy
7D
4.4%
1Y
116.9%
COP
US$117.50
ConocoPhillips
7D
5.0%
1Y
26.4%
CVX
US$191.07
Chevron
7D
5.1%
1Y
27.3%
PSX
US$212.27
Phillips 66
7D
5.4%
1Y
68.3%
WMB
US$73.36
Williams Companies
7D
-3.4%
1Y
27.9%
Narrative Update • Jul 16

WMB: Future Data Center Projects And Deals Will Test Execution Risk

The analyst price target for Williams Companies has been revised higher to $71.03 from $67.04, as analysts point to the Blackstone backed Power Innovation joint venture, increased balance sheet flexibility, and a higher assumed future P/E multiple as key supports for the new valuation framework. Analyst Commentary Recent research on Williams Companies highlights a mix of optimism around the Power Innovation joint venture and more cautious views on how quickly that value may be reflected in the stock.
SLB
US$46.59
SLB
7D
-2.0%
1Y
35.6%
Narrative Update • Jul 16

SLB: Middle East Headwinds And AI Initiatives Will Shape Fairly Valued Outlook

Analysts have trimmed the SLB fair value estimate by about $1.59 to $48.12, as a series of recent target cuts highlights caution around Middle East activity, sector wide oilfield services revisions, and a slightly higher discount rate, even as revenue growth and profit margin assumptions remain broadly steady. Analyst Commentary Recent Street research on SLB points to a more cautious tone, with many firms trimming price targets even while keeping generally favorable ratings.
DTM
US$141.90
DT Midstream
7D
-4.3%
1Y
42.7%
KMI
US$32.38
Kinder Morgan
7D
-0.5%
1Y
20.1%
Seeking Alpha • Jul 16

Kinder Morgan Is Doing Well, But Not Well Enough For An Upgrade

Summary Kinder Morgan remains a 'hold' as upside appears limited despite strong operational performance and a $10B project backlog. KMI's Q1 2026 saw revenue up 13.8% and adjusted operating cash flow rise to $1.83B, with robust growth in Natural Gas Pipelines. Relative valuation is middling; KMI trades at higher multiples than most peers but boasts one of the lowest net leverage ratios. Management prioritizes growth over yield, allocating $3.85B to expansion in 2026, with distributions lower than most comparables. Read the full article on Seeking Alpha
LNG
US$262.59
Cheniere Energy
7D
-0.9%
1Y
17.9%
MPC
US$319.76
Marathon Petroleum
7D
5.4%
1Y
82.5%
UEC
US$9.55
Uranium Energy
7D
-8.1%
1Y
17.3%
Narrative Update • Jul 10

UEC: ISR Production Ramp And Inventory Strategy Will Drive Future Upside

Uranium Energy's updated analyst price target has shifted to reflect changes in fair value assumptions to $26.56, a higher discount rate, very large revenue growth projections, and wider profit margin estimates, partly offset by a lower future P/E multiple after recent production and cost misses highlighted by analysts. Analyst Commentary Recent Street research on Uranium Energy reflects a mix of caution around near term execution and continued confidence in the company’s longer term setup.
XOM
US$151.71
ExxonMobil Holdings
7D
4.6%
1Y
39.8%
EOG
US$143.44
EOG Resources
7D
3.9%
1Y
21.6%
FANG
US$199.80
Diamondback Energy
7D
4.8%
1Y
40.9%
Narrative Update • Jul 09

FANG: Tighter Oil Supply And Iran Risk Will Support Future Cash Returns

Analysts have nudged their consolidated price target for Diamondback Energy higher, with fair value moving from about $257 to $272. This reflects updated views on oil market supply and demand, company profitability, and a lower implied future P/E multiple despite mixed recent target changes across the Street.