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U.S. Energy Sector Analysis

UpdatedJul 26, 2026
DataAggregated Company Financials
Companies435
  • 7D3.3%
  • 3M4.1%
  • 1Y34.0%
  • YTD29.5%

Over the last 7 days, the Energy industry has risen 3.3%, driven by gains from ExxonMobil Holdings of 6.5%. 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
Sun, 26 Jul 2026US$3.0tUS$1.9tUS$124.6b17x24.4x1.6x
Tue, 23 Jun 2026US$2.7tUS$1.9tUS$125.0b15.6x21.9x1.4x
Thu, 21 May 2026US$3.1tUS$1.9tUS$124.5b16.9x25x1.6x
Sat, 18 Apr 2026US$2.9tUS$1.9tUS$131.9b17.1x22.1x1.6x
Mon, 16 Mar 2026US$2.9tUS$1.9tUS$130.5b17.5x22.5x1.6x
Wed, 11 Feb 2026US$2.7tUS$1.9tUS$128.1b16.5x21.5x1.5x
Fri, 09 Jan 2026US$2.3tUS$1.9tUS$126.3b15.9x18.5x1.3x
Sun, 07 Dec 2025US$2.4tUS$1.9tUS$124.8b15.8x19x1.3x
Tue, 04 Nov 2025US$2.3tUS$1.9tUS$126.1b14.4x18.2x1.2x
Thu, 02 Oct 2025US$2.3tUS$1.9tUS$125.8b14x18.6x1.3x
Sat, 30 Aug 2025US$2.3tUS$1.9tUS$126.5b13.5x18.4x1.3x
Mon, 28 Jul 2025US$2.3tUS$1.9tUS$132.8b12.4x17.3x1.2x
Wed, 25 Jun 2025US$2.3tUS$1.9tUS$134.4b11.9x16.9x1.2x
Fri, 23 May 2025US$2.2tUS$1.9tUS$134.5b11.4x16.1x1.1x
Sun, 20 Apr 2025US$2.1tUS$1.9tUS$143.7b11.2x14.9x1.1x
Tue, 18 Mar 2025US$2.3tUS$1.9tUS$144.0b12.8x16.2x1.2x
Thu, 13 Feb 2025US$2.4tUS$1.9tUS$155.9b12.1x15.6x1.3x
Sat, 11 Jan 2025US$2.3tUS$1.9tUS$158.5b12x14.8x1.2x
Mon, 09 Dec 2024US$2.4tUS$1.9tUS$158.5b11.9x15x1.2x
Wed, 06 Nov 2024US$2.3tUS$1.9tUS$160.9b11.4x14.4x1.2x
Fri, 04 Oct 2024US$2.4tUS$2.0tUS$175.3b11.9x13.4x1.2x
Sun, 01 Sep 2024US$2.3tUS$2.0tUS$172.2b11.5x13.6x1.2x
Tue, 30 Jul 2024US$2.3tUS$1.9tUS$174.7b11.4x13.3x1.2x
Thu, 27 Jun 2024US$2.3tUS$1.9tUS$176.0b11.3x13.1x1.2x
Sat, 25 May 2024US$2.3tUS$1.9tUS$174.8b11.1x13x1.2x
Mon, 22 Apr 2024US$2.4tUS$2.0tUS$206.3b10.6x11.8x1.2x
Wed, 20 Mar 2024US$2.4tUS$2.0tUS$206.4b9.6x11.5x1.2x
Fri, 16 Feb 2024US$2.1tUS$2.0tUS$217.1b9x9.8x1.1x
Sun, 14 Jan 2024US$2.2tUS$2.1tUS$242.2b8.6x9.2x1.1x
Tue, 12 Dec 2023US$2.2tUS$2.1tUS$242.4b8.4x9.1x1.1x
Thu, 09 Nov 2023US$2.2tUS$2.1tUS$243.3b8.7x9.2x1.1x
Sat, 07 Oct 2023US$2.3tUS$2.2tUS$272.9b7.4x8.4x1.1x
Mon, 04 Sep 2023US$2.4tUS$2.2tUS$272.6b7.8x8.8x1.1x
Wed, 02 Aug 2023US$2.6tUS$2.3tUS$291.6b7.7x9x1.2x
Price to Earnings Ratio

9x


Total Market Cap: US$2.6tTotal Earnings: US$291.6bTotal 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 24.4x 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 5.5% 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-1.05%
Energy3.31%
Energy Services3.50%
Oil and Gas3.29%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 22.1x.
    • Analysts are expecting annual earnings growth of 21.2%, 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$156.946.5%
+US$39.7b		42.2%PE25.7x
CVX ChevronUS$194.794.0%
+US$14.7b		25.8%PE35x
SLB SLBUS$52.4211.6%
+US$7.5b		47.8%PE25.1x
COP ConocoPhillipsUS$120.264.8%
+US$6.8b		26.7%PE20.1x
EOG EOG ResourcesUS$146.394.6%
+US$3.5b		23.7%PE14.2x

Latest News

MTDR
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Matador Resources
7D
-5.6%
1Y
0.04%
SLB
US$52.42
SLB
7D
11.6%
1Y
47.8%
LBRT
US$17.36
Liberty Energy
7D
-27.2%
1Y
32.1%
XOM
US$156.94
ExxonMobil Holdings
7D
6.5%
1Y
42.2%
EQT
US$53.03
EQT
7D
7.0%
1Y
1.6%
VLO
US$302.50
Valero Energy
7D
-2.3%
1Y
113.1%
Narrative Update • Jul 24

VLO: Elevated Refining Margins And Crack Spreads Will Drive Future Downside Risk

Valero Energy's analyst price target has been revised higher to $202.68 from $170.00, as analysts factor in tighter global refining conditions, stronger projected refining margins supported by higher strip cracks, and a generally constructive sector outlook reflected in a series of recent target hikes across major research firms. Analyst Commentary Street research on Valero Energy has become more constructive overall, with several firms lifting price targets on the back of tighter refining markets, higher strip cracks and updated commodity assumptions.
KGS
US$59.08
Kodiak Gas Services
7D
-9.4%
1Y
88.9%
Narrative Update • Jul 23

KGS: Data Center Power Deals And Compression Trends Will Shape Balanced Outlook

Analysts have lifted the fair value estimate for Kodiak Gas Services from $36.00 to $72.00, citing updated assumptions for revenue growth, profit margins, and a higher future P/E multiple supported by recent price target increases related to compression demand and behind the meter power opportunities. Analyst Commentary on Kodiak Gas Services Recent research on Kodiak Gas Services has centered on two themes that matter for investors: the tight compression market and the push into behind the meter power and data center related opportunities.
COP
US$120.26
ConocoPhillips
7D
4.8%
1Y
26.7%
Narrative Update • Jul 23

COP: Iraq Reserves Expansion Is Expected To Drive Future Upside Potential

Analysts have adjusted their outlook on ConocoPhillips, with the updated fair value estimate rising from $156.00 to about $170.41 as they incorporate revised oil price assumptions, mixed changes to individual price targets, and updated expectations for revenue growth, profit margins, and future P/E levels. Analyst Commentary Recent Street research on ConocoPhillips shows a wide range of views, but the most optimistic analysts are leaning into higher oil assumptions, tighter supply expectations, and what they see as attractive entry points after pullbacks in the stock.
FANG
US$204.68
Diamondback Energy
7D
4.7%
1Y
41.5%
Narrative Update • Jul 23

FANG: Tighter Oil Supply And Q2 Execution Will Shape Future P/E Premium

Diamondback Energy's analyst fair value estimate has shifted modestly lower to $192 from $200 as analysts weigh a mix of higher long term growth and profitability assumptions against a recalibrated future P/E, along with a wide range of revised price targets from $212 to $255 ahead of upcoming Q2 updates. Analyst Commentary Recent research on Diamondback Energy shows a mix of optimism around upcoming Q2 updates and more cautious adjustments to valuation.
HAL
US$33.36
Halliburton
7D
-5.3%
1Y
48.6%
Seeking Alpha • Jul 23

Halliburton: Q2 Sell-Off Creates A Buying Opportunity

Summary Halliburton remains a strong buy after Q2 results, despite a sharp sell-off driven by Middle East concerns and flat-to-down near-term guidance. Significant international contract wins, especially in Iraq and with Aramco, plus technology exports like Zeus electric fleets, underpin long-term growth and margin expansion. Q2 beat on EPS ($0.55) and revenue ($5.7B); strong North American stimulation and South American growth offset some regional softness and margin compression. HAL trades at an EV/EBITDA discount to peers; with upside to $44–$53 if EPS targets are met, I see current levels as a buy/add point, especially on further dips. Read the full article on Seeking Alpha
MPC
US$309.24
Marathon Petroleum
7D
-1.1%
1Y
80.2%
Narrative Update • Jul 22

MPC: Tighter Cracks And Heavy Buybacks Will Drive Balanced Future Returns

Analysts have raised the Marathon Petroleum fair value estimate from $271.59 to $293.12 as higher Street price targets, tighter refining markets, and expectations for stronger margins and shareholder returns are reflected in updated revenue growth and P/E assumptions. Analyst Commentary Recent Street research on Marathon Petroleum points to a generally constructive backdrop for the stock, with a cluster of higher price targets grounded in tighter refining markets, stronger crack spreads, and expectations for solid execution on shareholder returns.
SEI
US$54.03
Solaris Energy Infrastructure
7D
-10.4%
1Y
66.2%
Narrative Update • Jul 20

SEI: Expanding Contracted Gas Capacity Will Support Future AI Power Demands

Analysts have nudged the Solaris Energy Infrastructure fair value estimate higher from $110.80 to about $118.10, citing expanded power contracts with data center customers, fresh coverage initiations with targets up to $120, and model updates that reflect revised growth, profitability, and future P/E assumptions. Analyst Commentary Recent Street research on Solaris Energy Infrastructure highlights growing interest in the stock as the company builds out contracted power capacity for data centers and other large loads facing grid-interconnection delays.
TRGP
US$281.33
Targa Resources
7D
-0.6%
1Y
69.9%
CVX
US$194.79
Chevron
7D
4.0%
1Y
25.8%
EOG
US$146.39
EOG Resources
7D
4.6%
1Y
23.7%
OXY
US$57.30
Occidental Petroleum
7D
4.4%
1Y
28.2%