-0.12%
last session
ConocoPhillips is poised to boost revenue with a new Syria gas production deal, potentially doubling free cash flow...
Sourcegurufocus.com - Jun 17
Oil & Gas Stocks
EnergyInfrastructure
Integrated majors, E&P producers, midstream pipelines, refiners, and oilfield services across the energy value chain. The universe is dominated by Integrated Oil Majors (54%) and Shale & E&P Producers (17%), outperforming SPY by 13.2 percentage points YTD.
YTD Return
+21.6%
+13.2 pts vs SPY
26 of 28 beat SPY
1-Month Return
-10.1%
-10.4 pts vs SPY
Universe Size
28 Stocks
Curated theme basket
Market Cap
$3.05T
Total capitalization
Theme Performance
Oil & Gas Stocks Performance vs SPY and QQQ
Track Oil & Gas Stocks without checking every day
Weekly updates on performance, valuation changes, and key movers.
Theme Composition
Oil & Gas Stocks Breakdown
Composition last reviewed
As of Jun 1, 2026
Categories reflect each company's primary theme role. Some companies may have exposure to multiple segments.
Theme Overview
Oil & Gas Stocks Overview
A summary of how the theme breaks down across business segments and where concentration risk lives.
Selected Stocks
28
in theme
Total Market Cap
$3.05T
combined
Highly Concentrated
The top 2 segments (Integrated Oil Majors & Shale & E&P Producers & Midstream & LNG & Other segments) represent 71.3% of this theme by market cap.
Top Oil & Gas Stocks Stocks
Top Oil & Gas Stocks Stocks by Segment, Performance, and Valuation
XOM
Exxon Mobil Corporation
Price$140.73
Mkt Cap-
YTD+14.7%
Rev G-4.5%
CVX
Chevron Corporation
Price$177.59
Mkt Cap-
YTD+13.9%
Rev G-4.6%
SHEL
Shell plc
Price$80.38
Mkt Cap-
YTD+6.5%
Rev G-5.1%
TTE
TotalEnergies SE
Price$82.12
Mkt Cap-
YTD+23.5%
Rev G-4%
COP
ConocoPhillips
Price$111.21
Mkt Cap-
YTD+15%
Rev G1.8%
ENB
Enbridge Inc.
Price$54.47
Mkt Cap-
YTD+13.2%
Rev G27.9%
PBR
Petróleo Brasileiro S.A. - Petrobras
Price$16.79
Mkt Cap-
YTD+40.9%
Rev G5.1%
BP
BP p.l.c.
Price$40.14
Mkt Cap-
YTD+12%
Rev G3.9%
CNQ
Canadian Natural Resources Limited
Price$42.42
Mkt Cap-
YTD+23.6%
Rev G-9.1%
WMB
The Williams Companies, Inc.
Price$71.25
Mkt Cap-
YTD+17.1%
Rev G10.6%
| # | Chart (YTD) | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | XOM Exxon Mobil Corporation | $140.73 | $596.39B | +14.7% | -12.3% | 21.0 | -4.5% | |
| 2 | CVX Chevron Corporation | $177.59 | $354.36B | +13.9% | -9.5% | 26.8 | -4.6% | |
| 3 | SHEL Shell plc | $80.38 | $226.6B | +6.5% | -9.3% | 13.4 | -5.1% | |
| 4 | TTE TotalEnergies SE | $82.12 | $182.88B | +23.5% | -12.1% | 14.2 | -4% | |
| 5 | COP ConocoPhillips | $111.21 | $135.55B | +15% | -10.7% | 17.5 | 1.8% | |
| 6 | ENB Enbridge Inc. | $54.47 | $118.95B | +13.2% | -3.4% | 23.5 | 27.9% | |
| 7 | PBR Petróleo Brasileiro S.A. - Petrobras | $16.79 | $108.2B | +40.9% | -18.9% | 5.4 | 5.1% | |
| 8 | BP BP p.l.c. | $40.14 | $104.78B | +12% | -12.1% | 1967.6 | 3.9% | |
| 9 | CNQ Canadian Natural Resources Limited | $42.42 | $88.49B | +23.6% | -13.3% | 11.5 | -9.1% | |
| 10 | WMB The Williams Companies, Inc. | $71.25 | $87.14B | +17.1% | -8.3% | 33.3 | 10.6% |
Showing 10 of 28 stocks
Daily Intelligence
Yesterday in Oil & Gas Stocks
Key headlines and stock-level catalysts from the last trading session.
Last session recap is current.
End-of-day analysis published after market close. Next update after Jun 18, 2026 market close.
Session Brief
Jun 17, 2026Oil prices near 3‑month highs, supply cuts from OPEC‑plus and geopolitical tensions (US‑Iran framework, Hormuz reopening) push core producers higher. Chevron’s new Greek offshore block and partnership with HelleniQ add upside; Exxon’s upgrade and LNG contracts for South Africa and the Middle East reinforce its position. Equinor’s Phase 4 finds and value rating support a buy.
Key Drivers
Stock-Level Catalysts
Sentiment reflects catalyst narrative, not price direction - a stock can close lower while the fundamental driver is bullish.
-1.42%
last session
Chevron’s share price is down from its $209 peak, yet it remains attractive at 11× forward earnings. The company ha...
Source247wallst.com - Jun 16
-0.24%
last session
Equinor’s latest oil discoveries in the Johan Sverdrup field are accelerating Phase 4 development, boosting project...
Sourcezacks.com - Jun 16
-2.27%
last session
Shell is divesting $1 billion of wind assets to fund a new EV‑charging innovation lab with Recharge and SINEXCEL, s...
Sourcezacks.com - Jun 16
-0.81%
last session
Fresh EOD news and price action made this stock a theme driver.
Sourceyoutube.com - Jun 16
Updated after market close
Jun 17, 2026
Valuation Pulse
Are Oil & Gas Stocks cheap or expensive right now?
DCF valuations and Wall Street ratings across the theme.
Data as of Jun 18, 2026 (EOD)
28 stocks in theme - 25 with full coverage
DCF Valuation
(Intrinsic Value)25
of 28
covered
Undervalued
20(80%)
Fair Value
2(8%)
Overvalued
3(12%)
Top DCF Upside (Undervalued Only)
View all
Wall Street Consensus
(Price Targets)28
of 28
covered
Buy / Strong Buy
23(82%)
Hold
5(18%)
Sell / Strong Sell
0(0%)
Coverage Snapshot
Consensus is based on 28 stocks with analyst price targets. DCF analysis is based on 25 stocks with intrinsic value estimates.
Valuation Distribution
(28 covered stocks)Theme Valuation Score
1.9
Cheap
Scale: 1 (Cheap) to 5 (Expensive)
1
Bargain
12 stocks (43%)
>= +30%
2
Cheap
8 stocks (29%)
+10% to +30%
3
Fair
8 stocks (29%)
-10% to +10%
4
Expensive
0 stocks (0%)
-25% to -10%
5
Very Expensive
0 stocks (0%)
<= -25%
Valuation score blends Wall Street target upside at 65% weight and DCF upside at 35% weight when both are available; single-source covered stocks use the available signal. Higher score means more expensive.
Earnings Calendar
Upcoming Earnings in Oil & Gas Theme
Companies reporting in the next 30 days. Earnings dates and estimates can change as reports approach.
| Company | Reports | Timing | Est. EPS | Est. Revenue |
|---|---|---|---|---|
 KMIKinder Morgan, Inc. | Wed, Jul 15 | Unconfirmed | $0.31 est. | $4.14B est. |
 SLBSLB N.V. | Fri, Jul 17 | Unconfirmed | $0.53 est. | $8.68B est. |
Estimates are based on available consensus data. BMO = Before Market Open, AMC = After Market Close.
Research & Methodology
How to evaluate Oil & Gas Stocks
Methodology, investment thesis, and key risks for this theme.
Show DetailsHide Details
Research & Methodology
How to evaluate Oil & Gas Stocks
Methodology, investment thesis, and key risks for this theme.
How we evaluate these stocks
Our methodology
We separate upstream producers, integrated majors, midstream operators, refiners, and services companies. The analysis focuses on commodity sensitivity, free cash flow, leverage, capital discipline, and shareholder returns.
- Oil and gas exposure must be material to revenue or cash flow
- Upstream, midstream, refining, majors, and services are separated
- Free cash flow and balance-sheet strength are central
- Dividend and buyback sustainability matter
- Valuation is weighed against commodity-cycle risk
Investment thesis
Why this theme exists
Oil and gas equities give investors exposure to energy demand, supply discipline, geopolitics, and cash-return cycles. The best operators can generate strong free cash flow even without aggressive volume growth.
- Supply discipline can support commodity prices
- Integrated majors balance upstream and downstream exposure
- Midstream assets can provide fee-based cash flow
- Service companies benefit from drilling and production activity
- Capital returns can drive total shareholder return
Key risks
What could go wrong
Energy stocks can look cheap near cycle peaks. Commodity price declines, leverage, cost inflation, regulation, and capital misallocation can quickly pressure returns.
- Oil and gas prices can fall sharply in recessions
- High leverage amplifies downside risk
- Cost inflation can reduce drilling returns
- Policy and environmental rules can affect operations
- Overinvestment can destroy cash flow discipline
FAQ
Frequently asked questions
Common questions investors have about the Oil & Gas Stocks theme.
01What are oil and gas stocks?
Companies whose revenue comes from exploring, producing, transporting, refining, or servicing crude oil and natural gas. The sector spans integrated majors (XOM, CVX), shale producers (EOG, FANG), pipeline operators (WMB, ET), refiners (VLO, MPC), and oilfield services (SLB, HAL).
02What are the best oil stocks to buy?
Depends on your goal. ExxonMobil (XOM) and Chevron (CVX) offer diversified exposure with decades of dividend growth. ConocoPhillips (COP) and Diamondback (FANG) are best-in-class Permian producers. For income, Energy Transfer (ET) and Cheniere (LNG) offer high yields with contracted cash flows.
03Exxon vs Chevron — which is the better oil stock?
Both are Dividend Aristocrats. Exxon is larger, more diversified into chemicals, and more aggressive with M&A. Chevron is leaner with a stronger balance sheet and typically holds up better in downturns. Compare their P/E, dividend yield, and FCF margin in the table.
04Which oil stocks pay the best dividends?
Midstream pipelines yield highest: Energy Transfer (ET), MPLX, Enbridge (ENB), and Kinder Morgan (KMI) typically yield 4-7%. Integrated majors like XOM and CVX yield 3-4% but have raised dividends for 25+ consecutive years.
05How do oil prices affect oil stocks?
E&P producers have highest sensitivity — a 20% crude move often translates to a larger stock move. Integrated majors are more buffered. Refiners can actually benefit when crude drops (wider crack spreads). Midstream pipelines have lowest sensitivity — they earn contracted fees on volume.
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