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U.S. Oil and Gas Industry Analysis

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies361
  • 7D-2.1%
  • 3M-2.9%
  • 1Y13.2%
  • YTD5.4%

Over the last 7 days, the Oil and Gas industry has dropped 2.1%, driven by a pullback from Exxon Mobil of 2.5%. In the past year, the industry has gained 13%. Looking forward, earnings are forecast to grow by 5.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Jun 2024US$2.0tUS$1.8tUS$162.2b10.5x12.2x1.1x
Fri, 17 May 2024US$2.1tUS$1.8tUS$161.2b10.6x13x1.2x
Sun, 14 Apr 2024US$2.2tUS$1.8tUS$192.6b10.1x11.6x1.2x
Tue, 12 Mar 2024US$2.0tUS$1.8tUS$193.6b8.5x10.6x1.1x
Thu, 08 Feb 2024US$1.9tUS$1.8tUS$206.1b7.9x9.3x1x
Sat, 06 Jan 2024US$2.0tUS$1.9tUS$230.1b7.8x8.9x1.1x
Mon, 04 Dec 2023US$2.0tUS$1.9tUS$230.4b7.9x8.8x1.1x
Wed, 01 Nov 2023US$2.0tUS$1.9tUS$239.2b6.6x8.5x1.1x
Fri, 29 Sep 2023US$2.2tUS$2.0tUS$261.5b6.7x8.3x1.1x
Sun, 27 Aug 2023US$2.1tUS$2.0tUS$261.4b6.5x7.9x1x
Tue, 25 Jul 2023US$2.0tUS$2.2tUS$307.2b5.9x6.6x0.9x
Thu, 22 Jun 2023US$1.9tUS$2.2tUS$307.3b5.4x6.2x0.9x
Sat, 20 May 2023US$1.9tUS$2.2tUS$307.4b5.3x6.3x0.9x
Mon, 17 Apr 2023US$2.1tUS$2.2tUS$273.8b6.2x7.5x0.9x
Wed, 15 Mar 2023US$1.9tUS$2.2tUS$274.9b5.8x7x0.9x
Fri, 10 Feb 2023US$2.1tUS$2.2tUS$267.8b6.5x7.7x0.9x
Sun, 08 Jan 2023US$2.1tUS$2.2tUS$254.2b6.8x8.1x1x
Tue, 06 Dec 2022US$2.1tUS$2.2tUS$254.2b7.3x8.2x1x
Thu, 03 Nov 2022US$2.1tUS$2.1tUS$230.5b8.6x9.3x1x
Sat, 01 Oct 2022US$1.8tUS$1.9tUS$190.1b8.8x9.5x0.9x
Mon, 29 Aug 2022US$2.1tUS$1.9tUS$189.9b10.2x10.8x1.1x
Wed, 27 Jul 2022US$1.8tUS$1.7tUS$118.1b12.5x15.4x1.1x
Fri, 24 Jun 2022US$1.7tUS$1.7tUS$116.0b11.4x14.8x1x
Sun, 22 May 2022US$2.0tUS$1.7tUS$115.2b13.3x16.9x1.2x
Tue, 19 Apr 2022US$2.0tUS$1.5tUS$97.5b15.4x20.2x1.3x
Thu, 17 Mar 2022US$1.7tUS$1.5tUS$96.9b14.4x17.8x1.2x
Sat, 12 Feb 2022US$1.7tUS$1.4tUS$79.5b17.8x21.3x1.2x
Mon, 10 Jan 2022US$1.5tUS$1.2tUS$31.0b16.8x48.9x1.2x
Wed, 08 Dec 2021US$1.4tUS$1.3tUS$32.1b15.8x42.8x1.1x
Fri, 05 Nov 2021US$1.4tUS$1.2tUS$22.4b18.9x64.3x1.2x
Sun, 03 Oct 2021US$1.4tUS$1.1t-US$4,697,640,859.0019.6x-288.1x1.2x
Tue, 31 Aug 2021US$1.2tUS$1.1t-US$5,398,683,915.8214.6x-221x1.1x
Wed, 07 Jul 2021US$1.3tUS$1.1t-US$5,425,245,648.8215.3x-244.8x1.2x
Price to Earnings Ratio

-244.8x


Total Market Cap: US$1.3tTotal Earnings: -US$5,425,245,648.82Total Revenue: US$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Industry Price to Earnings3Y Average -16x202220232024
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 12.2x which is higher than its 3-year average PE of -16.0x.
  • 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 18% 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 Market1.63%
Energy-2.09%
Oil and Gas-2.07%
Coal and Fuels1.48%
Oil and Gas Storage and Transportation-0.17%
Oil and Gas Refining and Marketing-1.91%
Integrated Oil and Gas-2.07%
Oil and Gas Exploration and Production-3.79%
Industry PE
  • Investors are most optimistic about the Integrated Oil and Gas industry even though it's trading below its 3-year average PE ratio of 15.7x.
    • Analysts are expecting annual earnings growth of 4.6%, which is higher than its past year's earnings decline of 53.7% per year.
  • Investors are most pessimistic about the Oil and Gas Refining and Marketing 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 Coal and Fuels industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 21% per year.
  • In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings decline 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
LNG Cheniere EnergyUS$161.112.4%
+US$856.1m
8.2%PE7.5x
OXY Occidental PetroleumUS$61.261.1%
+US$576.3m
7.0%PE16.4x
WMB Williams CompaniesUS$41.811.1%
+US$536.3m
36.5%PE17.1x
TRGP Targa ResourcesUS$123.441.9%
+US$518.8m
74.0%PE24.9x
UEC Uranium EnergyUS$6.2412.0%
+US$273.9m
88.5%PS65.1x
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Latest News

OKE

US$80.06

ONEOK

7D

0.5%

1Y

35.0%

UEC

US$6.24

Uranium Energy

7D

12.0%

1Y

88.5%

HES

US$143.33

Hess

7D

-3.2%

1Y

8.3%

STNG

US$80.75

Scorpio Tankers

7D

3.5%

1Y

81.0%

TRGP

US$123.44

Targa Resources

7D

1.9%

1Y

74.0%

EQT

US$38.20

EQT

7D

-7.2%

1Y

-2.8%

PXD

US$269.62

Pioneer Natural Resources

7D

-2.0%

1Y

30.8%