-3.12%
last session
COP fell 3.1% as oil prices slid after the US‑Iran deal, but a new Syria gas‑production agreement with ConocoPhilli...
Sourcezacks.com - Jun 18
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 10.5 percentage points YTD.
YTD Return
+19.8%
+10.5 pts vs SPY
25 of 28 beat SPY
1-Month Return
-11.4%
-11.9 pts vs SPY
Universe Size
28 Stocks
Curated theme basket
Market Cap
$3T
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
$3T
combined
Highly Concentrated
The top 2 segments (Integrated Oil Majors & Shale & E&P Producers & Midstream & LNG & Other segments) represent 71.0% 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$137.81
Mkt Cap-
YTD+12.4%
Rev G-4.5%
CVX
Chevron Corporation
Price$173.63
Mkt Cap-
YTD+11.4%
Rev G-4.6%
SHEL
Shell plc
Price$78.81
Mkt Cap-
YTD+4.5%
Rev G-5.1%
TTE
TotalEnergies SE
Price$80.43
Mkt Cap-
YTD+20.9%
Rev G-4%
COP
ConocoPhillips
Price$107.74
Mkt Cap-
YTD+11.4%
Rev G1.8%
ENB
Enbridge Inc.
Price$54.55
Mkt Cap-
YTD+13.4%
Rev G27.9%
PBR
Petróleo Brasileiro S.A. - Petrobras
Price$16.75
Mkt Cap-
YTD+40.5%
Rev G5.1%
BP
BP p.l.c.
Price$39.10
Mkt Cap-
YTD+9.1%
Rev G3.9%
WMB
The Williams Companies, Inc.
Price$73.12
Mkt Cap-
YTD+20.2%
Rev G10.6%
CNQ
Canadian Natural Resources Limited
Price$41.05
Mkt Cap-
YTD+19.6%
Rev G-9.1%
| # | Chart (YTD) | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | XOM Exxon Mobil Corporation | $137.81 | $584.04B | +12.4% | -14.1% | 20.6 | -4.5% | |
| 2 | CVX Chevron Corporation | $173.63 | $346.46B | +11.4% | -11.5% | 26.2 | -4.6% | |
| 3 | SHEL Shell plc | $78.81 | $222.18B | +4.5% | -11% | 13.1 | -5.1% | |
| 4 | TTE TotalEnergies SE | $80.43 | $179.12B | +20.9% | -13.9% | 13.9 | -4% | |
| 5 | COP ConocoPhillips | $107.74 | $131.32B | +11.4% | -13.5% | 17.0 | 1.8% | |
| 6 | ENB Enbridge Inc. | $54.55 | $119.12B | +13.4% | -3.2% | 23.8 | 27.9% | |
| 7 | PBR Petróleo Brasileiro S.A. - Petrobras | $16.75 | $107.94B | +40.5% | -19.1% | 5.4 | 5.1% | |
| 8 | BP BP p.l.c. | $39.10 | $102.06B | +9.1% | -14.4% | 1916.7 | 3.9% | |
| 9 | WMB The Williams Companies, Inc. | $73.12 | $89.43B | +20.2% | -5.9% | 34.2 | 10.6% | |
| 10 | CNQ Canadian Natural Resources Limited | $41.05 | $85.63B | +19.6% | -16.1% | 11.3 | -9.1% |
Showing 10 of 28 stocks
Daily Intelligence
Yesterday in Oil & Gas Stocks
Key headlines and stock-level catalysts from the last trading session.
Markets closed - showing last session.
The next recap publishes after Jun 22, 2026 market close.
Session Brief
Jun 19, 2026Oil‑gas sector sees mixed momentum. Low crude prices lift U. S.
Key Drivers
Stock-Level Catalysts
Sentiment reflects catalyst narrative, not price direction - a stock can close lower while the fundamental driver is bullish.
-1.89%
last session
LNG demand is being driven by new carrier deliveries, a shift away from Russian supplies due to EU bans, and expand...
-1.45%
last session
VLO's share price fell today as the broader market advanced, but the decline is driven by lower crude input costs t...
Sourcezacks.com - Jun 18
-2.07%
last session
XOM fell sharply after the U.S.-Iran deal, but new exploration activity in Guyana's Stabroek Block and potential me...
Sourceinvestors.com - Jun 18
-2.23%
last session
Chevron faces pressure from falling oil inventories and a slide from its $209 peak, weighing on the stock. However,...
Sourcefool.com - Jun 18
Updated after market close
Jun 19, 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 21, 2026 (EOD)
28 stocks in theme - 25 with full coverage
DCF Valuation
(Intrinsic Value)25
of 28
covered
Undervalued
21(84%)
Fair Value
4(16%)
Overvalued
0(0%)
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
1.6
Bargain
Scale: 1 (Cheap) to 5 (Expensive)
1
Bargain
17 stocks (61%)
>= +30%
2
Cheap
6 stocks (21%)
+10% to +30%
3
Fair
5 stocks (18%)
-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. |
 BKRBaker Hughes Company | Tue, Jul 21 | Unconfirmed | $0.52 est. | $6.52B 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.
Related Themes
Continue from Oil & Gas Stocks into adjacent themes
Curated theme paths that share catalysts, supply chains, or investor workflows with this page.
Nuclear Energy Stocks
23 stocksNuclear energy stocks screened across power operators, uranium miners, SMR developers, and fuel services with daily updated market data, valuation metrics and performance tracking.
YTD: +2.3%
vs SPY: -0.1 pts
Renewable Energy Stocks
28 stocksRenewable energy stocks tracked across solar, wind, hydrogen, clean utilities, and storage companies with daily updated market data, valuation metrics and performance tracking.
YTD: +14.4%
vs SPY: +0.1 pts
Power Grid Stocks
37 stocksResearch US power grid, utility, electrification, electrical equipment, and energy technology stocks tied to AI data centers, grid modernization, and rising electricity demand.
YTD: +31.2%
vs SPY: +0.2 pts
Ready to screen these stocks?
Open the full screener pre-loaded with this theme's filters to sort, rank, and compare.
Updated daily•Free•No signup