Energy in 2026 hinges on global demand, OPEC supply responses, inventories, and capital discipline. The sector generates strong cash returns when prices cooperate, but sentiment shifts fast.
Driven by mega-caps ExxonMobil and Chevron, the energy sector trades at a cheap 11x P/E with high cash returns. This dashboard tracks valuation trends, equal-weight performance, and sector component data across all 300+ energy stocks.
Sector Market Cap
$2.38T
Tracks 271 stocks · top 50 by market cap
Median YTD Return
+27.4%
Screener universe · median stock return
Median P/E
20.4x
Screener stocks · excludes outliers
Median Dividend Yield
2.77%
Screener stocks · excludes zeros
Sector Screener
Scan the sector leaders, compare valuations and fundamentals, then open the full screener to refine your criteria.
| Ticker | Company | Price | Mkt Cap | P/E | ROE | Div Yield | |
|---|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | $164.39 | $681.39B | 24.5 | 10.7% | 2.4% | ||
| Chevron Corporation | $207.50 | $413.26B | 31.3 | 7.1% | 3.3% | ||
| Shell plc | $97.63 | $272.2B | 16.3 | 10% | 2.9% | ||
| TotalEnergies SE | $84.10 | $187.29B | 14.6 | 11% | 4.5% | ||
| ConocoPhillips | $129.22 | $157.43B | 20.3 | 12.4% | 2.5% | ||
| Petróleo Brasileiro S.A. - Petrobras | $23.82 | $153.5B | 7.8 | 29.1% | 5.4% | ||
| Petróleo Brasileiro S.A. - Petrobras | $21.64 | $139.43B | 7.1 | 29.2% | 5.9% | ||
| Marathon Petroleum Corporation | $431.97 | $126.11B | 32.6 | 16.7% | 0.9% | ||
| Valero Energy Corporation | $419.39 | $124.53B | 55.4 | 8.7% | 1.1% | ||
| BP p.l.c. | $45.02 | $117.56B | 2206.9 | 0.1% | 4.2% | ||
| Phillips 66 | $269.40 | $108.01B | 25.0 | 15% | 1.7% | ||
| Equinor ASA | $43.00 | $102.8B | 22.1 | 12.2% | 4.3% | ||
| Enbridge Inc. | $46.56 | $101.67B | 20.5 | 9.4% | 7.8% | ||
| Canadian Natural Resources Limited | $48.13 | $100.37B | 13.3 | 25.8% | 3.4% | ||
| The Williams Companies, Inc. | $72.34 | $88.47B | 33.8 | 17.5% | 2.8% | ||
| Enterprise Products Partners L.P. | $37.31 | $80.73B | 14.0 | 19.3% | 5.7% | ||
| Suncor Energy Inc. | $68.25 | $80.59B | 20.1 | 13.2% | 2.4% | ||
| Eni S.p.A. | $54.50 | $78.96B | 31.1 | 5.3% | 4.1% | ||
| EOG Resources, Inc. | $144.25 | $76.83B | 15.8 | 16.8% | 2.8% | ||
| Slb N.V. | $50.01 | $74.76B | 21.3 | 13.5% | 2.2% | ||
| Kinder Morgan, Inc. | $32.16 | $71.63B | 23.5 | 9.5% | 3.6% | ||
| Energy Transfer LP | $20.72 | $71.3B | 15.3 | 10.2% | 6.2% | ||
| TC Energy Corporation | $60.21 | $62.68B | 26.3 | 9.3% | 3.9% | ||
| Targa Resources Corp. | $285.68 | $61.32B | 33.5 | 48.4% | 1.3% | ||
| Imperial Oil Limited | $122.26 | $60.7B | 26.9 | 14.3% | 1.6% | ||
| MPLX Lp | $57.80 | $58.65B | 12.0 | 34.4% | 6.8% | ||
| Occidental Petroleum Corporation | $58.33 | $58.01B | 36.2 | 6.7% | 2.7% | ||
| Cheniere Energy, Inc. | $275.56 | $57.74B | 11.4 | 46.1% | 0.7% | ||
| Cenovus Energy Inc. | $31.27 | $57.68B | 20.7 | 12.8% | 1.8% | ||
| Baker Hughes Company | $57.13 | $56.71B | 22.0 | 14.4% | 1.6% |
XOM
CVX
SHEL
TTE
COP
PBR
PBR-A
MPC
VLO
BP
PSX
EQNR
ENB
CNQ
WMB
EPD
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E
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KMI
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BKRSector Outlook
Energy in 2026 hinges on global demand, OPEC supply responses, inventories, and capital discipline. The sector generates strong cash returns when prices cooperate, but sentiment shifts fast.
Integrated majors and disciplined producers attract attention when free cash flow and buybacks are the priority. Higher-cost operators need stronger commodity prices to sustain leadership.
Many investors focus on balance sheet quality, asset position, and clear capital return frameworks rather than trying to trade every oil move.
Learn
The Energy sector groups companies that find, produce, transport, refine, and service oil and gas assets — integrated majors, upstream producers, oilfield services, and midstream operators.
Earnings can change rapidly with commodity prices. The same company can look cheap near the top or expensive near the bottom if you don't adjust for where cash flows sit in the cycle.
Balance sheet strength, capital discipline, breakeven economics, and shareholder returns matter more than the latest earnings multiple.
XLE provides diversified large-cap energy exposure. Stock pickers divide the sector into upstream producers, integrated majors, refiners, and services — each reacts differently to commodity moves.
Key risks: lower oil and gas prices, project issues, regulatory changes, and poor capital allocation at the wrong cycle point. Refiners and service firms behave differently from producers.
Use the screener to compare valuation, yield, and profitability while keeping business model in mind. The lowest multiple isn't always the best value.
Explore Further
Oil and gas producers, integrated majors, refiners, pipeline businesses, and oilfield service companies. The screener above shows the sector list.
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Use our powerful screener to filter Energy stocks by market cap, valuation, profitability, and dozens of other fundamental metrics.
Valuation, growth, profitability, technicals
Prices, fundamentals, and estimates refreshed overnight
Bookmark custom screens and track over time
Track the XLE sector ETF performance vs S&P 500. The basket shows equal-weight returns of top 50 stocks by market cap.
Momentum Leaders
Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro S.A. - Petrobras
Valero Energy Corporation
Marathon Petroleum Corporation
HF Sinclair Corporation
Market Comparison
Against the S&P 500, Energy currently trades at 24.8x trailing earnings versus 34.5x for the broad market. This discount reflects the sector's lower profitability metrics compared to the broader index.
Valuation
28% below S&P 500 trailing P/E
| Metric | Energy | S&P 500 | Winner |
|---|---|---|---|
| Trailing P/E | 24.8x | 34.5x | Sector cheaper |
| Forward P/E | 12.3x | 22.9x | Sector cheaper |
| EV/EBITDA | 10.9x | 23.4x | Sector cheaper |
83th percentile; range 20.6x to 25.6x
64th percentile; range 7.5x to 34.4x
Quality
Net margin 12.3% vs 28.6%; ROE 17.3% vs 49.3%
| Metric | Energy | S&P 500 | Winner |
|---|---|---|---|
| Net Margin | 12.3% | 28.6% | S&P 500 stronger |
| ROE | 17.3% | 49.3% | S&P 500 stronger |
Income
Sector yield 2.44% vs 0.97%
| Metric | Energy | S&P 500 | Winner |
|---|---|---|---|
| Dividend Yield | 2.4% | 1.0% | Sector yields more |
These cards are built from the full sector universe, then ranked by market cap so you can see which pockets are leading, rich, resilient, or dangerously concentrated.
Industry Scoreboard
Use this table to spot heavyweights, cheap pockets, leaders, and genuinely beaten-down areas before opening the detailed cards below.
Integrated Oil & Gas 18 stocks | 47.1% $2.41T | Leading +20.0% median 3M | Cheap 7.1x median Fwd P/E | Mixed 14.6% median ROE | Strong 11.2% rev growth | Attractive Concentrated |
Midstream Oil & Gas 47 stocks | 18.7% $959.87B | Neutral +2.1% median 3M | Fair 13.5x median Fwd P/E | High 15.1% median ROE | Strong 14.2% rev growth | Watchlist Diversified |
Oil & Gas E&P 77 stocks | 15.6% $798.05B | Leading +12.1% median 3M | Cheap 9.4x median Fwd P/E | High 9.3% median ROE | Weak 12.0% rev growth | Attractive Diversified |
Oil Refining & Marketing 18 stocks | 8.4% $432.03B | Leading +26.1% median 3M | Fair 8.4x median Fwd P/E | Mixed 23.2% median ROE | Strong 11.6% rev growth | Watchlist One-name heavy |
Oilfield Services 50 stocks | 6.0% $305.83B | Neutral +2.7% median 3M | Premium 21.4x median Fwd P/E | Mixed 5.9% median ROE | Weak 3.9% rev growth | Mixed Diversified |
Oil & Gas Energy 6 stocks | 1.4% $72.13B | Lagging +2.5% median 3M | Cheap 4.6x median Fwd P/E | High 14.7% median ROE | Average 56.8% rev growth | Beaten Down One-name heavy |
Uranium 10 stocks | 1.2% $61.92B | Lagging -15.3% median 3M | Premium 59.5x median Fwd P/E | Weak -10.6% median ROE | Weak -2.7% rev growth | Broken One-name heavy |
Solar 22 stocks | 0.6% $31.51B | Lagging -37.3% median 3M | Cheap 10.1x median Fwd P/E | Weak -5.2% median ROE | Strong 10.2% rev growth | Broken One-name heavy |
Oil & Gas Drilling 9 stocks | 0.5% $27.49B | Leading +13.7% median 3M | Premium 41.1x median Fwd P/E | Weak -2.8% median ROE | Weak 5.0% rev growth | Mixed Diversified |
Coal 12 stocks | 0.4% $22.22B | Lagging +7.2% median 3M | Fair 16.3x median Fwd P/E | Weak -0.5% median ROE | Weak -0.7% rev growth | Broken Diversified |
Electric Utilities 2 stocks | 0.0% $722M | Lagging -34.0% median 3M | Cheap 0.4x median Fwd P/E | Weak -18.0% median ROE | Strong 100.0% rev growth | Broken One-name heavy |
Showing 11 of 11 industries in Energy.
Setup is a quick read of value, quality, growth, momentum, and concentration together.
Earnings Calendar
Earnings reports are the biggest near-term catalysts for sector moves. Track which names report in the next 60 days and size your positions accordingly.
No earnings in the next 60 days
Check individual stock pages for the latest earnings dates and estimated EPS.