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U.S. Oil and Gas Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies344
  • 7D2.5%
  • 3M6.0%
  • 1Y-2.1%
  • YTD1.2%

Over the last 7 days, the Oil and Gas industry has risen 2.5%, and Exxon Mobil contributed the most with a gain of 0.9%. During this same period, the Venture Global underperformed, falling 6.0%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the U.S. Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025US$2.1tUS$1.7tUS$116.8b14.3x18.2x1.2x
Thu, 16 Oct 2025US$2.1tUS$1.7tUS$115.9b13.1x17.8x1.2x
Sat, 13 Sep 2025US$2.1tUS$1.7tUS$115.8b12.8x18.3x1.3x
Mon, 11 Aug 2025US$2.0tUS$1.7tUS$116.0b13.2x17.6x1.2x
Wed, 09 Jul 2025US$2.1tUS$1.7tUS$122.4b12.6x17.2x1.2x
Fri, 06 Jun 2025US$2.0tUS$1.7tUS$122.2b11.9x16.4x1.1x
Sun, 04 May 2025US$2.0tUS$1.7tUS$123.4b11.7x16.1x1.1x
Tue, 01 Apr 2025US$2.2tUS$1.7tUS$130.4b12.9x16.9x1.3x
Thu, 27 Feb 2025US$2.1tUS$1.7tUS$135.5b12.5x15.8x1.2x
Sat, 25 Jan 2025US$2.3tUS$1.8tUS$145.7b12x15.6x1.3x
Mon, 23 Dec 2024US$2.0tUS$1.8tUS$144.8b10.9x13.9x1.1x
Wed, 20 Nov 2024US$2.2tUS$1.8tUS$146.3b11.8x15.3x1.3x
Fri, 18 Oct 2024US$2.1tUS$1.8tUS$161.1b10.8x13.2x1.2x
Sun, 15 Sep 2024US$2.0tUS$1.8tUS$157.8b9.9x12.7x1.1x
Tue, 13 Aug 2024US$2.1tUS$1.8tUS$157.9b10.3x13.1x1.1x
Thu, 11 Jul 2024US$2.0tUS$1.8tUS$162.2b10.6x12.5x1.1x
Sat, 08 Jun 2024US$2.0tUS$1.8tUS$162.4b10.8x12.5x1.1x
Mon, 06 May 2024US$2.1tUS$1.8tUS$163.8b10x12.6x1.2x
Wed, 03 Apr 2024US$2.2tUS$1.8tUS$192.8b9.9x11.4x1.2x
Fri, 01 Mar 2024US$2.0tUS$1.8tUS$194.8b8.6x10.2x1.1x
Sun, 28 Jan 2024US$2.0tUS$1.9tUS$227.5b7.9x8.9x1.1x
Tue, 26 Dec 2023US$2.0tUS$1.9tUS$230.1b7.8x8.9x1.1x
Thu, 23 Nov 2023US$2.0tUS$1.9tUS$230.4b8x8.8x1.1x
Sat, 21 Oct 2023US$2.1tUS$2.0tUS$261.5b6.5x8.2x1.1x
Mon, 18 Sep 2023US$2.1tUS$2.0tUS$261.4b6.7x8.2x1.1x
Wed, 16 Aug 2023US$2.1tUS$2.0tUS$261.3b6.7x7.9x1x
Fri, 14 Jul 2023US$2.0tUS$2.2tUS$307.3b5.8x6.5x0.9x
Sun, 11 Jun 2023US$1.9tUS$2.2tUS$307.3b5.4x6.3x0.9x
Tue, 09 May 2023US$1.9tUS$2.2tUS$309.9b5.5x6.2x0.9x
Thu, 06 Apr 2023US$2.0tUS$2.2tUS$275.3b6.1x7.4x0.9x
Sat, 04 Mar 2023US$2.1tUS$2.2tUS$275.5b6.6x7.4x0.9x
Mon, 30 Jan 2023US$2.2tUS$2.2tUS$258.8b7x8.4x1x
Wed, 28 Dec 2022US$2.1tUS$2.2tUS$254.2b7.1x8.2x1x
Fri, 25 Nov 2022US$2.2tUS$2.1tUS$254.1b7.6x8.7x1x
Price to Earnings Ratio

8.7x


Total Market Cap: US$2.2tTotal Earnings: US$254.1bTotal Revenue: US$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average 11.9x202320242025
Current Industry PE
  • Investors are optimistic on the American Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 18.2x which is higher than its 3-year average PE of 11.9x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas 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 industry?

US Market-0.39%
Energy2.37%
Oil and Gas2.54%
Oil and Gas Exploration and Production3.92%
Oil and Gas Refining and Marketing3.07%
Oil and Gas Storage and Transportation2.64%
Integrated Oil and Gas1.82%
Coal and Fuels-6.18%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 12.2x.
    • Analysts are expecting annual earnings growth of 59.9%, which is higher than its past year's earnings decline of 15.3% per year.
  • Investors are most pessimistic about the Oil and Gas Exploration and Production industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.8x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 60% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Oil and Gas Storage and Transportation 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
XOM Exxon MobilUS$119.290.9%
+US$4.5b		-0.8%PE16.8x
CVX ChevronUS$157.621.3%
+US$4.0b		-2.0%PE24.9x
COP ConocoPhillipsUS$91.373.6%
+US$3.9b		-19.7%PE12.8x
EOG EOG ResourcesUS$110.403.6%
+US$2.1b		-19.1%PE10.8x
OKE ONEOKUS$70.493.8%
+US$1.6b		-37.3%PE13.3x

Latest News

AREC
US$3.02
American Resources
7D
-27.2%
1Y
210.3%
XOM
US$119.29
Exxon Mobil
7D
0.9%
1Y
-0.8%

XOM: Free Cash Flow Strength And Cost Savings Will Offset Industry Volatility

Exxon Mobil’s analyst price target has increased from $141 to $144 per share, with analysts citing the company’s resilient free cash flow and ongoing structural cost savings as key drivers for the modest upgrade. Analyst Commentary Recent research updates from Street analysts reflect a mix of optimism around Exxon Mobil’s positioning and growth prospects, as well as some reservations regarding the near-term outlook for the energy sector.
STNG
US$61.85
Scorpio Tankers
7D
-4.1%
1Y
12.9%

STNG: Fleet Optimization And Aging Global Supply Will Fuel Positive Market Momentum

Scorpio Tankers' analyst price target was raised from $72 to $73.25 per share. Analysts pointed to improved revenue growth forecasts and a positive tanker market setup as the reasons for the upward revision.
PBF
US$38.99
PBF Energy
7D
-2.1%
1Y
24.0%

PBF: Margin Volatility Will Challenge Recent Optimism Into 2026

The average analyst price target for PBF Energy has risen from $28.00 to $30.08. This reflects expectations for improved margins and successful execution in key markets according to recent analyst commentary.
VG
US$7.98
Venture Global
7D
-6.0%
1Y
n/a
FANG
US$149.20
Diamondback Energy
7D
3.1%
1Y
-18.0%
PSX
US$142.32
Phillips 66
7D
2.6%
1Y
8.4%
COP
US$91.37
ConocoPhillips
7D
3.6%
1Y
-19.7%

Earnings Troubles May Signal Larger Issues for ConocoPhillips (NYSE:COP) Shareholders

Nov 13
Earnings Troubles May Signal Larger Issues for ConocoPhillips (NYSE:COP) Shareholders
EOG
US$110.40
EOG Resources
7D
3.6%
1Y
-19.1%

EOG: Secular Gas Demand And Efficiency Gains Will Drive Continued Outperformance

Analysts have modestly adjusted their price target for EOG Resources, raising it by $0.07 to $137.20 per share. This reflects continued expectations for improving profit margins and revenue growth, despite cautious sentiment around capital efficiency and commodity pricing.
LEU
US$250.00
Centrus Energy
7D
-13.9%
1Y
227.0%
OKE
US$70.49
ONEOK
7D
3.8%
1Y
-37.3%

OKE: Upcoming Buybacks And Larger Asset Base Will Support Share Price Momentum

ONEOK's average analyst price target has been reduced. Most recent estimates have moved lower by several dollars per share, as analysts cite concerns about slowing revenue growth, shifting investor priorities toward return of cash, and the evolving impact of recent acquisitions on earnings multiples.
DVN
US$35.84
Devon Energy
7D
5.7%
1Y
-7.6%
CNR
US$82.37
Core Natural Resources
7D
-6.6%
1Y
-34.8%
UEC
US$11.59
Uranium Energy
7D
-10.4%
1Y
40.0%
CVX
US$157.62
Chevron
7D
1.3%
1Y
-2.0%

CVX: Upcoming Investor Day Will Preview Long-Term Production and Dividend Upside

Chevron's analyst price target has risen from $168.78 to $172.04 per share. Analysts cite solid Q3 results, operational outperformance, and positive expectations ahead of its upcoming investor day as key factors supporting the upward adjustment.
BTU
US$28.87
Peabody Energy
7D
-4.0%
1Y
9.1%