Oil & Gas Exploration & Production: Canadian Natural Resources Limited owns the largest revenue base; BKV Corporation has the fastest current growth.
The industry itself · before any single company
How has Oil & Gas Exploration & Production moved against S&P 500?
The line below covers 5.2 years. Over the most recent two of them this industry is 16% behind S&P 500. Earnings across its companies fell 35% on average over the last four reported quarters.
BASING · +1 joined~Price down, no fundamental support1 of 54 companies ahead of S&P 500 by 5% or more over three months
Oil & Gas Exploration & Production, equal-weighted, based at 200S&P 500, same base, same starttrailing 12-month earnings per share risingfalling
Strength anatomyNarrowHow much of the industry is participating, how recently, and whether the movers score well.
Together1 of 54 stocks moving
Fresh1 crossed in the last 4 weeks
Down the cap ladder — bar is now, tick is four weeks ago
Large0/110
Mid0/190
Small1/24+1
Participation is spreading downward — the mid and small companies added more this month than the large ones did.
Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 54 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Oil & Gas Exploration & Production outperforming S&P 500?
Oil & Gas Exploration & Production has outperformed S&P 500 by 5.6% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 14.7%. 15 of 30 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is broad. Ovintiv Inc. is the strongest against the sector itself at +18%.
-14.7%Sector vs S&P 500 · 13 weeks
+5.6%Sector vs S&P 500 · 52 weeks
15/30Stocks leading S&P 500
18/30Stocks leading sector
Sector metric: — as of latest available · unclassified · direction unavailable.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Oil & Gas Exploration & Production has outperformed S&P 500 by 5.6% over 52 weeks and 14.7% over 13 weeks. 15 of 30 covered companies beat the S&P 500 on Mansfield relative strength, while 18 of 30 beat the sector itself. BKV Corporation has the fastest current revenue growth at 100%, across 20 of 30 comparable companies.
Is the Oil & Gas Exploration & Production sector outperforming S&P 500?
Oil & Gas Exploration & Production has outperformed S&P 500 by 5.6% over 52 weeks and 14.7% over 13 weeks. 15 of 30 covered companies beat the S&P 500 on Mansfield relative strength, while 18 of 30 beat the sector itself.
Which Oil & Gas Exploration & Production company is largest by revenue?
Canadian Natural Resources Limited leads with revenue of $38,633 million, based on 20 of 30 comparable companies through Mar 2026.
Which Oil & Gas Exploration & Production company is growing fastest?
BKV Corporation has the fastest current revenue growth at 100%, across 20 of 30 comparable companies.
Which Oil & Gas Exploration & Production company has the strongest 4-Factor Sector Score?
APA Corporation ranks first at 68.2/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Oil & Gas Exploration & Production company reports the most CAPEX?
Woodside Energy Group Ltd reports the largest latest CAPEX at $3,093 million, with 30 of 30 companies comparable.
Which Oil & Gas Exploration & Production company has the least gross debt?
EOG Resources, Inc. has the lowest comparable gross debt at $0 million. ConocoPhillips has the highest at $23,327 million.
Which Oil & Gas Exploration & Production company has the lowest comparable PEG?
Diamondback Energy, Inc. has the lowest comparable Guarded PEG at 0.1, among 9 of 30 companies that pass the metric’s comparability rules.
How much history does this Oil & Gas Exploration & Production comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
30
complete canonical membership
Combined market value
$717.7B
ConocoPhillips
Revenue growing
12/20
positive TTM year-on-year growth
Beating S&P 500
15/30
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
APA Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.
SM Energy Company looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Canadian Natural Resources Limited has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -19% and the one-year return is -13.2%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -23.2% and the one-year return is -8.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -15.8% and the one-year return is 17.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17.5/35Growth & earnings
Revenue — · PAT — · OPM change —
9% evidence
11.3/25Capital efficiency
ROCE 1.8% · debt/equity —
34% evidence
10.6/20Valuation
P/E 11× · PEG —
15% evidence
15.5/20Relative strength
RS sector 11.1% · RS bench 8.9% · 1Y 31.4%
70% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
Canadian Natural Resources Limited has the highest Revenue among the 30 Oil & Gas Exploration & Production companies compared here, at $38,633 million. Devon Energy Corporation is next at $16,543 million. BKV Corporation has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Canadian Natural Resources Limited is the scale leader at $38,633 million, 133.5% ahead of Devon Energy Corporation. BKV Corporation's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 125.3% from a $1,363 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderCanadian Natural Resources Limited · $38,633 million
Gap133.5% versus #2 · Devon Energy Corporation
Persistence4/8 recent comparable periods
Coverage20/30 companies · 554 observations
Investor read: Canadian Natural Resources Limited is the scale benchmark; BKV Corporation is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Canadian Natural Resources Limited's growth falls below BKV Corporation's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Canadian Natural Resources Limited CNQ$38.6B
2Devon Energy Corporation DVN$16.5B
3Diamondback Energy, Inc. FANG$15.2B
4Expand Energy Corporation EXE$14.3B
5APA Corporation APA$8.6B
Revenue growthfastest growers
1BKV Corporation BKV100%
2CNX Resources Corporation CNX100%
3Expand Energy Corporation EXE100%
4Gulfport Energy Corporation GPOR91%
5Comstock Resources, Inc. CRK60%
Revenue · company comparison
20/30 level · 20/30 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Texas Pacific Land Corporation has the highest OPM among the 30 Oil & Gas Exploration & Production companies compared here, at 77%. CNX Resources Corporation is next at 60.4%. CNX Resources Corporation has the highest Margin change at +347.8 percentage points, so level and change sit with different companies. Its OPM series carries 19 reported observations across the 20-quarter window.
What the numbers say: Texas Pacific Land Corporation leads opm at 77%; CNX Resources Corporation leads margin change at +347.8 percentage points.
LeaderTexas Pacific Land Corporation · 77%
Gap27.5% versus #2 · CNX Resources Corporation
Persistence2/8 recent comparable periods
Coverage29/30 companies · 545 observations
Investor read: Texas Pacific Land Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Texas Pacific Land Corporation TPL77%
2CNX Resources Corporation CNX60%
3EQT Corporation EQT60%
4Gulfport Energy Corporation GPOR52%
5Range Resources Corporation RRC47%
Margin changefastest expanders
1CNX Resources Corporation CNX+347.8 pp
2BKV Corporation BKV+76.8 pp
3Expand Energy Corporation EXE+47.0 pp
4Gulfport Energy Corporation GPOR+45.9 pp
5EQT Corporation EQT+31.8 pp
Operating margin · company comparison
29/30 level · 29/30 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Canadian Natural Resources Limited has the highest Net profit among the 30 Oil & Gas Exploration & Production companies compared here, at $9,710 million. Expand Energy Corporation is next at $3,227 million. Antero Resources Corporation has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Canadian Natural Resources Limited leads with $9,710 million of TTM profit, 200.9% above Expand Energy Corporation. Antero Resources Corporation shows ≥100% on the scoring scale (215.7% uncapped) growth from a $1,064 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderCanadian Natural Resources Limited · $9,710 million
Gap200.9% versus #2 · Expand Energy Corporation
Persistence4/8 recent comparable periods
Coverage21/30 companies · 556 observations
Investor read: Canadian Natural Resources Limited sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Canadian Natural Resources Limited CNQ$9.7B
2Expand Energy Corporation EXE$3.2B
3Devon Energy Corporation DVN$2.3B
4APA Corporation APA$1.8B
5CNX Resources Corporation CNX$1.2B
Profit growthfastest growers
1Antero Resources Corporation AR100%
2APA Corporation APA37%
3Black Stone Minerals, L.P. BSM33%
4Canadian Natural Resources Limited CNQ28%
5Texas Pacific Land Corporation TPL9.1%
Net profit · company comparison
21/30 level · 15/30 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Woodside Energy Group Ltd has the highest CAPEX among the 30 Oil & Gas Exploration & Production companies compared here, at $3,093 million. ConocoPhillips is next at $2,948 million. California Resources Corporation has the highest CAPEX intensity at 118.5%, so level and change sit with different companies. 30 of 30 companies report a comparable reading, the latest through Dec 2025.
What the numbers say: Woodside Energy Group Ltd reports $3,093 million of CAPEX; California Resources Corporation has the highest covered intensity at 118.5%. Coverage is only 30 of 30 companies and 558 reported observations, so this is partial evidence—not a complete sector rank.
LeaderWoodside Energy Group Ltd · $3,093 million
Gap4.9% versus #2 · ConocoPhillips
Persistence8/8 recent comparable periods
Coverage30/30 companies · 558 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Woodside Energy Group Ltd WDS · older report$3.1B
2ConocoPhillips COP$2.9B
3Canadian Natural Resources Limited CNQ$2.1B
4EOG Resources, Inc. EOG$1.6B
5Occidental Petroleum Corporation OXY$1.6B
CAPEX intensityhighest reinvestment intensity
1California Resources Corporation CRC119%
2Comstock Resources, Inc. CRK69%
3Murphy Oil Corporation MUR53%
4Permian Resources Corporation PR49%
5Woodside Energy Group Ltd WDS · older report48%
Capital expenditure · company comparison
30/30 level · 30/30 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
EOG Resources, Inc. has the lowest Gross debt among the 30 Oil & Gas Exploration & Production companies compared here, at $0 million. Baytex Energy Corp. has the lowest Net debt at $612 million net cash, so level and change sit with different companies. 29 of 30 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Baytex Energy Corp. has the clearest covered balance-sheet capacity with $612 million net cash and gross debt of $146 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderEOG Resources, Inc. · $0 million
Gapnull versus #2 · Occidental Petroleum Corporation
Persistence5/8 recent comparable periods
Coverage29/30 companies · 553 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1EOG Resources, Inc. EOG$0M
2Occidental Petroleum Corporation OXY$0M
3Texas Pacific Land Corporation TPL$16M
4APA Corporation APA$134M
5Baytex Energy Corp. BTE$146M
Net debtlowest net debt
1Baytex Energy Corp. BTE$-612M
2Texas Pacific Land Corporation TPL$-232M
3APA Corporation APA$-159M
4Black Stone Minerals, L.P. BSM$175M
5Magnolia Oil & Gas Corporation MGY$269M
Debt and balance-sheet capacity · company comparison
29/30 level · 29/30 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Ovintiv Inc. has the highest ROCE among the 30 Oil & Gas Exploration & Production companies compared here, at 15.4%. Texas Pacific Land Corporation is next at 12.5%. CNX Resources Corporation has the highest ROCE change at +9.2 percentage points, so level and change sit with different companies. Its ROCE series carries 20 reported observations across the 20-quarter window.
What the numbers say: Ovintiv Inc. leads ROCE at 15.4%, 2.9 percentage points above Texas Pacific Land Corporation. CNX Resources Corporation has the strongest latest improvement at +9.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderOvintiv Inc. · 15.4%
Gap23.2% versus #2 · Texas Pacific Land Corporation
Persistence1/8 recent comparable periods
Coverage30/30 companies · 574 observations
Investor read: Ovintiv Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Ovintiv Inc. OVV15%
2Texas Pacific Land Corporation TPL13%
3Gulfport Energy Corporation GPOR8.9%
4Vista Energy, S.A.B. de C.V. VIST8.9%
5APA Corporation APA6.4%
ROCE changefastest improvers
1CNX Resources Corporation CNX+9.2 pp
2Gulfport Energy Corporation GPOR+8.5 pp
3BKV Corporation BKV+7.7 pp
4Expand Energy Corporation EXE+7.5 pp
5Antero Resources Corporation AR+3.5 pp
Return on capital · company comparison
30/30 level · 30/30 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Diamondback Energy, Inc. has the lowest Guarded PEG among the 30 Oil & Gas Exploration & Production companies compared here, at 0.1×. CNX Resources Corporation has the lowest P/E at 5.35×, so level and change sit with different companies. 9 of 30 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Diamondback Energy, Inc. has the lowest comparable Guarded PEG at 0.1×, 0% below Magnolia Oil & Gas Corporation. Only 9 of 30 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderDiamondback Energy, Inc. · 0.1×
Gap0% versus #2 · Magnolia Oil & Gas Corporation
Persistence0/8 recent comparable periods
Coverage9/30 companies · 53 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Diamondback Energy, Inc. FANG0.1
2Magnolia Oil & Gas Corporation MGY0.1
3APA Corporation APA0.2
4Black Stone Minerals, L.P. BSM0.3
5SM Energy Company SM0.4
P/Elowest P/E
1CNX Resources Corporation CNX5.4
2Gulfport Energy Corporation GPOR7.2
3Expand Energy Corporation EXE8.2
4Vista Energy, S.A.B. de C.V. VIST8.4
5BKV Corporation BKV8.6
Valuation · company comparison
9/30 level · 30/30 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Talos Energy Inc. has the lowest EV/EBITDA among the 30 Oil & Gas Exploration & Production companies compared here, at 2.79×. CNX Resources Corporation is next at 3.03×. Woodside Energy Group Ltd has the lowest P/BV at 0.83×, so level and change sit with different companies. 30 of 30 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Talos Energy Inc. leads ev/ebitda at 2.79×; Woodside Energy Group Ltd leads p/bv at 0.83×.
LeaderTalos Energy Inc. · 2.79×
Gap7.9% versus #2 · CNX Resources Corporation
Persistence0/8 recent comparable periods
Coverage30/30 companies · 544 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Talos Energy Inc. TALO2.8
2CNX Resources Corporation CNX3.0
3APA Corporation APA3.1
4Baytex Energy Corp. BTE3.3
5Expand Energy Corporation EXE4.0
P/BVlowest P/BV
1Woodside Energy Group Ltd WDS · older report0.8
2Crescent Energy Company CRGY1.0
3Chord Energy Corporation CHRD1.0
4SM Energy Company SM1.1
5Murphy Oil Corporation MUR1.2
Enterprise and book valuation · company comparison
30/30 level · 30/30 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Baytex Energy Corp. has the strongest one-year price move in Oil & Gas Exploration & Production at +91%. Ovintiv Inc. leads on Mansfield relative strength against the S&P 500 at +15.8%. 15 of 30 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Oil & Gas Exploration & Production comparison names 5 specific ways its own evidence can mislead, all listed below. 1 of the 30 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. A high growth rate can still be a low-base artefact.
Keep these limits visible
A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
10 · the complete set
Which companies are included?
All 30 companies in the canonical Oil & Gas Exploration & Production membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
This comparison is built from the reported filings of 30 Oil & Gas Exploration & Production companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Oil & Gas Exploration & Production company comparison FAQs
These 18 answers restate the Oil & Gas Exploration & Production comparison above in question form. Every one is computed from the same 30 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.
Which Oil & Gas Exploration & Production company is the biggest?
Canadian Natural Resources Limited is the largest, with trailing-twelve-month revenue of $38,633 million, ahead of Devon Energy Corporation at $16,543 million. That covers 20 of 30 companies with comparable reporting through Mar 2026.
Which Oil & Gas Exploration & Production company is growing fastest?
BKV Corporation has the fastest revenue growth at 100% year on year, across 20 of 30 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Oil & Gas Exploration & Production company has the best profit margins?
Texas Pacific Land Corporation has the highest operating margin at 77%, from 29 of 30 comparable companies. CNX Resources Corporation shows the biggest recent improvement, at +347.8 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Oil & Gas Exploration & Production company makes the most profit?
Canadian Natural Resources Limited earns the most, at $9,710 million of trailing-twelve-month net profit, from 21 of 30 comparable companies. Antero Resources Corporation has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Oil & Gas Exploration & Production company earns the highest return on capital?
Ovintiv Inc. leads on return on capital employed at 15.4%, across 30 of 30 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Oil & Gas Exploration & Production stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Diamondback Energy, Inc. screens cheapest at 0.1×. Only 9 of 30 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Oil & Gas Exploration & Production company has the strongest balance sheet?
EOG Resources, Inc. carries the lowest comparable gross debt at $0 million, from 29 of 30 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Oil & Gas Exploration & Production company is investing most in new capacity?
Woodside Energy Group Ltd reports the largest capital spending at $3,093 million, across 30 of 30 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.
Is the Oil & Gas Exploration & Production sector beating the market?
Oil & Gas Exploration & Production has outperformed S&P 500 by 5.6% over the last 52 weeks and 14.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 15 of 30 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Oil & Gas Exploration & Production stock has the strongest price momentum?
Ovintiv Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Oil & Gas Exploration & Production company scores highest for research priority?
APA Corporation scores 68.2 out of 100 with 82% evidence confidence, from 22.3 points on growth and earnings, 17.1 on capital efficiency, 14.9 on valuation and 13.9 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Oil & Gas Exploration & Production companies does this comparison cover, and over what period?
It compares 30 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Oil & Gas Exploration & Production sector?
The 30 Oil & Gas Exploration & Production companies on this page carry $717,662 million of combined market value. ConocoPhillips is the largest at $139,007 million, about 19% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.
What is the Oil & Gas Exploration & Production sector's P/E ratio?
The median price-to-earnings ratio across the 30 Oil & Gas Exploration & Production companies on this page is 13.8×, measured on the 30 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.
How is the Oil & Gas Exploration & Production sector performing?
15 of the 30 covered Oil & Gas Exploration & Production companies are beating S&P 500 on Mansfield relative strength. The sector itself is 5.6% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.
How many Oil & Gas Exploration & Production stocks are listed in the US?
This comparison covers 30 listed Oil & Gas Exploration & Production companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.