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U.S. Oil and Gas Industry Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies361
  • 7D1.2%
  • 3M10.9%
  • 1Y14.5%
  • YTD10.0%

The Oil and Gas industry is up 1.2% in the last week, with Exxon Mobil up 1.8%. This takes the industry's 12 month performance to a gain of 15%. Looking forward, earnings are expected to remain mostly flat in the next few years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024US$2.2tUS$1.8tUS$193.2b9.3x11.1x1.2x
Sat, 24 Feb 2024US$2.0tUS$1.8tUS$193.5b8.6x10.2x1.1x
Mon, 22 Jan 2024US$2.0tUS$1.9tUS$230.1b7.7x8.5x1x
Wed, 20 Dec 2023US$2.0tUS$1.9tUS$230.1b7.8x8.9x1.1x
Fri, 17 Nov 2023US$2.0tUS$1.9tUS$230.5b7.8x8.6x1x
Sun, 15 Oct 2023US$2.1tUS$2.0tUS$261.6b6.6x8.1x1.1x
Tue, 12 Sep 2023US$2.1tUS$2.0tUS$261.4b6.7x8.1x1.1x
Thu, 10 Aug 2023US$2.1tUS$2.0tUS$262.7b6.9x7.9x1x
Sat, 08 Jul 2023US$1.9tUS$2.2tUS$307.3b5.5x6.3x0.9x
Mon, 05 Jun 2023US$1.9tUS$2.2tUS$307.2b5.3x6.2x0.9x
Wed, 03 May 2023US$1.9tUS$2.2tUS$303.3b5.5x6.4x0.9x
Fri, 31 Mar 2023US$2.0tUS$2.2tUS$275.3b5.9x7.1x0.9x
Sun, 26 Feb 2023US$2.0tUS$2.2tUS$274.8b6.5x7.3x0.9x
Tue, 24 Jan 2023US$2.2tUS$2.2tUS$254.1b7.1x8.5x1x
Thu, 22 Dec 2022US$2.1tUS$2.2tUS$254.2b7.2x8.1x1x
Sat, 19 Nov 2022US$2.2tUS$2.1tUS$253.9b7.8x8.6x1x
Mon, 17 Oct 2022US$2.0tUS$1.9tUS$190.1b9.4x10.3x1x
Wed, 14 Sep 2022US$2.0tUS$1.9tUS$190.0b10.1x10.7x1x
Fri, 12 Aug 2022US$1.9tUS$1.9tUS$189.2b9.7x10.2x1x
Sun, 10 Jul 2022US$1.7tUS$1.7tUS$116.4b11.7x15x1.1x
Tue, 07 Jun 2022US$2.2tUS$1.7tUS$115.7b14.5x18.6x1.3x
Thu, 05 May 2022US$1.9tUS$1.6tUS$108.4b15x17.6x1.2x
Sat, 02 Apr 2022US$1.9tUS$1.5tUS$97.9b15.2x19.2x1.3x
Mon, 28 Feb 2022US$1.7tUS$1.5tUS$94.3b15.4x17.5x1.1x
Wed, 26 Jan 2022US$1.6tUS$1.3tUS$31.0b17.9x51x1.3x
Fri, 24 Dec 2021US$1.4tUS$1.3tUS$31.5b15.9x43.6x1.1x
Sun, 21 Nov 2021US$1.4tUS$1.3tUS$32.0b15.5x42.8x1.1x
Tue, 19 Oct 2021US$1.4tUS$1.1t-US$4,725,943,366.0019.8x-306.8x1.3x
Thu, 16 Sep 2021US$1.2tUS$1.1t-US$7,011,117,044.2714.2x-175.4x1.1x
Sat, 14 Aug 2021US$1.2tUS$1.1t-US$5,398,683,915.8214.8x-224.8x1.1x
Wed, 09 Jun 2021US$1.3tUS$909.1b-US$46,622,797,837.6115.1x-27.1x1.4x
Price to Earnings Ratio

-25.2x


Total Market Cap: US$1.2tTotal Earnings: -US$46,678,347,385.71Total Revenue: US$908.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average -18.9x202220232024
Current Industry PE
  • Investors are pessimistic on the American Oil and Gas industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 11.1x which is higher than its 3-year average PE of -18.9x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • Total earnings for the Oil and Gas industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 26% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Energy industry?

US Market0.38%
Energy1.20%
Oil and Gas1.24%
Oil and Gas Exploration and Production2.17%
Integrated Oil and Gas1.46%
Oil and Gas Storage and Transportation0.64%
Coal and Fuels-0.013%
Oil and Gas Refining and Marketing-0.76%
Industry PE
  • Investors are most optimistic about the Integrated Oil and Gas industry, which is trading close to its 3-year average PE ratio of 13.5x.
    • Analysts are expecting annual earnings growth of 1.0%, which is higher than its past year's earnings decline of 37.6% per year.
  • Investors are most pessimistic about the Coal and Fuels industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 3.1% over the next 5 years.
  • In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings decline by 20% 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$114.971.8%
+US$7.9b
5.5%PE12.7x
COP ConocoPhillipsUS$126.844.0%
+US$5.8b
27.2%PE13.7x
CVX ChevronUS$156.351.2%
+US$3.3b
-2.8%PE13.6x
PXD Pioneer Natural ResourcesUS$260.002.4%
+US$1.4b
28.5%PE12.4x
EQT EQTUS$36.076.7%
+US$991.6m
14.7%PE9.2x
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FANG

US$196.53

Diamondback Energy

7D

1.9%

1Y

48.0%

PXD

US$260.00

Pioneer Natural Resources

7D

2.4%

1Y

28.5%

MPC

US$196.99

Marathon Petroleum

7D

-0.4%

1Y

46.9%

PARR

US$36.40

Par Pacific Holdings

7D

-7.2%

1Y

24.6%

OXY

US$64.20

Occidental Petroleum

7D

0.6%

1Y

3.4%

COP

US$126.84

ConocoPhillips

7D

4.0%

1Y

27.2%

WMB

US$38.54

Williams Companies

7D

1.8%

1Y

31.7%

NFE

US$29.60

New Fortress Energy

7D

-3.7%

1Y

5.0%