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U.S. Oil and Gas Refining and Marketing Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies47
  • 7D-4.8%
  • 3M32.3%
  • 1Y100.5%
  • YTDn/a

Over the last 7 days, the Oil and Gas Refining and Marketing industry has dropped 4.8%, driven by a pullback from Phillips 66 of 6.4%. In contrast, Calumet has gained 9.4%. In the past year, the industry has gained 101%. Earnings are forecast to grow by 8.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$259.1bUS$554.6bUS$10.9b17.8x23.8x0.5x
Tue, 03 Mar 2026US$219.3bUS$554.8bUS$10.3b19.6x21.3x0.4x
Thu, 29 Jan 2026US$202.3bUS$527.9bUS$5.1b22.9x39.9x0.4x
Sat, 27 Dec 2025US$187.7bUS$528.4bUS$5.1b19.4x36.6x0.4x
Mon, 24 Nov 2025US$201.7bUS$528.4bUS$5.1b20.4x39.2x0.4x
Wed, 22 Oct 2025US$191.3bUS$521.7bUS$2.6b26.1x72.4x0.4x
Fri, 19 Sep 2025US$191.9bUS$521.7bUS$2.6b24.6x72.6x0.4x
Sun, 17 Aug 2025US$169.3bUS$521.2bUS$2.6b25.7x64.8x0.3x
Tue, 15 Jul 2025US$188.2bUS$552.1bUS$3.3b22.2x56.7x0.3x
Thu, 12 Jun 2025US$166.2bUS$552.1bUS$3.3b20.8x50.1x0.3x
Sat, 10 May 2025US$153.7bUS$552.1bUS$3.4b15.4x45.8x0.3x
Mon, 07 Apr 2025US$132.2bUS$565.5bUS$7.9b11.4x16.8x0.2x
Wed, 05 Mar 2025US$161.9bUS$565.6bUS$7.9b13x20.4x0.3x
Fri, 31 Jan 2025US$171.4bUS$590.5bUS$11.3b11.7x15.2x0.3x
Sun, 29 Dec 2024US$154.1bUS$592.5bUS$12.1b10.5x12.8x0.3x
Tue, 26 Nov 2024US$179.3bUS$592.7bUS$12.1b12x14.9x0.3x
Thu, 24 Oct 2024US$182.0bUS$617.8bUS$21.8b7.2x8.3x0.3x
Sat, 21 Sep 2024US$187.0bUS$617.7bUS$21.9b7.6x8.6x0.3x
Mon, 19 Aug 2024US$198.7bUS$617.8bUS$21.9b7.9x9.1x0.3x
Wed, 17 Jul 2024US$197.2bUS$614.4bUS$25.4b7x7.8x0.3x
Fri, 14 Jun 2024US$199.2bUS$614.6bUS$25.4b6.8x7.8x0.3x
Sun, 12 May 2024US$210.9bUS$615.4bUS$24.1b6.8x8.8x0.3x
Tue, 09 Apr 2024US$252.4bUS$623.9bUS$29.5b7.5x8.6x0.4x
Thu, 07 Mar 2024US$209.7bUS$624.0bUS$29.5b6.4x7.1x0.3x
Sat, 03 Feb 2024US$213.7bUS$640.1bUS$31.2b5.8x6.8x0.3x
Mon, 01 Jan 2024US$201.8bUS$646.6bUS$35.5b5x5.7x0.3x
Wed, 29 Nov 2023US$192.5bUS$646.2bUS$35.5b5x5.4x0.3x
Fri, 27 Oct 2023US$192.9bUS$664.4bUS$39.8b4.7x4.8x0.3x
Sun, 24 Sep 2023US$208.7bUS$670.3bUS$40.0b4.8x5.2x0.3x
Tue, 22 Aug 2023US$198.3bUS$670.3bUS$40.0b4.6x5x0.3x
Thu, 20 Jul 2023US$181.6bUS$739.2bUS$49.4b4.8x3.7x0.2x
Sat, 17 Jun 2023US$172.5bUS$739.2bUS$49.4b4.7x3.5x0.2x
Mon, 15 May 2023US$164.8bUS$739.2bUS$49.4b4.4x3.3x0.2x
Wed, 12 Apr 2023US$198.7bUS$747.1bUS$43.0b4.8x4.6x0.3x
Price to Earnings Ratio

4.6x


Total Market Cap: US$198.7bTotal Earnings: US$43.0bTotal Revenue: US$747.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Refining and Marketing Industry Price to Earnings3Y Average 20.8x202420252026
Current Industry PE
  • Investors are optimistic on the American Oil and Gas Refining and Marketing industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.8x which is higher than its 3-year average PE of 20.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.32x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Refining and Marketing industry have declined 37% per year over the last three years,
  • Revenues have also declined 9.5% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does U.S. Oil and Gas Refining and Marketing compare with similar industries?

US Market3.46%
Energy-5.02%
Oil and Gas-5.08%
Oil and Gas Refining and Marketing-4.78%
Oil and Gas Storage and Transportation-3.07%
Coal and Fuels-3.51%
Integrated Oil and Gas-5.80%
Oil and Gas Exploration and Production-5.96%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CLMT CalumetUS$35.069.4%
+US$260.3m		259.6%PS0.7x
LODE ComstockUS$3.5818.2%
+US$40.8m		89.4%PS170.7x
FF FutureFuelUS$4.186.1%
+US$10.5m		8.6%PS1.9x
SKYQ Sky QuarryUS$5.10110.7%
+US$10.0m		9.7%PS1.5x
GPRE Green PlainsUS$16.960.4%
+US$4.9m		314.7%PS0.6x

Latest News

FF
US$4.18
FutureFuel
7D
6.1%
1Y
8.6%
SKYQ
US$5.10
Sky Quarry
7D
110.7%
1Y
9.7%
PSX
US$176.21
Phillips 66
7D
-6.4%
1Y
78.3%

Midstream Expansion And Heavy Crude Optionality Will Define This Refining Leader’s Next Chapter

Catalysts About Phillips 66 Phillips 66 is an integrated energy company with operations in refining, midstream, chemicals and marketing across North America and Europe. What are the underlying business or industry changes driving this perspective?
DK
US$45.02
Delek US Holdings
7D
-5.1%
1Y
272.4%

Delek US Holdings: Iran War Benefits Justify The Rally (Downgrade)

Apr 02
CLMT
US$35.06
Calumet
7D
9.4%
1Y
259.6%
DINO
US$60.72
HF Sinclair
7D
-4.7%
1Y
120.9%
VLO
US$244.09
Valero Energy
7D
-4.0%
1Y
133.2%

Record Throughput And Policy Uncertainty Will Pressure Long Term Refining Margins

Catalysts About Valero Energy Valero Energy operates refineries and produces renewable diesel and ethanol, selling transportation fuels and related products. What are the underlying business or industry changes driving this perspective?
PBF
US$45.39
PBF Energy
7D
-11.4%
1Y
202.6%

PBF: Shifting Crude Flows Will Drive West Coast Margin Upside Potential

Analysts have raised the central price target reference for PBF Energy from $43.00 to approximately $59.94, reflecting updated views on long term revenue trends, profit margins, discount rates and future P/E assumptions in light of recent sector research and commodity price outlooks. Analyst Commentary Recent research points to a cluster of higher price targets and rating upgrades on PBF Energy, with several bullish analysts highlighting supportive commodity assumptions, tighter regional fuel markets and potential balance sheet support as key parts of the story.
CVI
US$31.65
CVR Energy
7D
-9.1%
1Y
97.1%
LODE
US$3.58
Comstock
7D
18.2%
1Y
89.4%
MPC
US$241.73
Marathon Petroleum
7D
-4.0%
1Y
99.7%

MPC: Elevated Oil Assumptions And Labor Uncertainty Will Pressure Future Returns

Narrative Update on Marathon Petroleum The analyst price target for Marathon Petroleum has shifted from about $202.50 to roughly $216.17. Analysts have cited updated oil price assumptions, recent Middle East related supply risk, and refiners' earnings estimates as key drivers behind their revised outlook.
OPAL
US$2.39
OPAL Fuels
7D
7.2%
1Y
63.7%

OPAL: Preferred Capital And Higher P/E Assumptions Will Support Future Upside Potential

Analysts have raised the average price target on OPAL Fuels to $2.40 from $2.10, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Recent research points to a more constructive view on OPAL Fuels, with the new average price target of US$2.40 reflecting updated assumptions around discount rates, revenue, margins and future P/E multiples.
WKC
US$23.45
World Kinect
7D
0.4%
1Y
-5.4%

WKC: Geopolitical Volatility And Share Repurchases Will Support Future Upside

Analysts have trimmed their target on World Kinect by $2 to $25 as they factor in a wider range of outcomes for global oil and gas markets following recent U.S. military action in Iran and maintain a cautious stance on midstream equities. Analyst Commentary Bullish analysts acknowledge the lower US$25 target, but some still point to potential upside if World Kinect can execute well through the current period of uncertainty in global energy flows.
GPRE
US$16.96
Green Plains
7D
0.4%
1Y
314.7%

GPRE: New Leadership Execution And Higher Earnings Power Will Drive Shares Toward 19

Analysts have raised the Green Plains price target from $17 to $19, citing updated assumptions for fair value, discount rate, growth and margins following a series of recent upgrades and target increases from major firms. Analyst Commentary Recent Street research on Green Plains has leaned clearly positive, with several bullish analysts lifting price targets and upgrading their views after reassessing the company’s fair value, discount rate, growth assumptions and margin outlook.
SUNC
US$60.91
SunocoCorp
7D
-2.8%
1Y
n/a