Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Oil & Gas Integrated Stocks

Oil & Gas Integrated: ExxonMobil Holdings Corporation owns the largest revenue base; National Fuel Gas Company has the fastest current growth.

The industry itself · before any single company

How has Oil & Gas Integrated moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 19% ahead of S&P 500. Earnings across its companies fell 14% on average over the last four reported quarters.

BASING · +2 joined~Price up, without the fundamentals confirming2 of 16 companies ahead of S&P 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS — · 13/16 >200d (+3) · 2/16 lead (+2) · EPS 8/16↑

200500202620252024202320222021 532348 TRAILING 12-MONTH EPS · 100 AT THE START0100200Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 13 reportingJun 2022 · trailing 12-month earnings per share at 143, against 100 at the start · no comparable year yet · 13 reportingSep 2022 · trailing 12-month earnings per share at 200, against 100 at the start · no comparable year yet · 13 reportingDec 2022 · trailing 12-month earnings per share at 172, against 100 at the start · no comparable year yet · 13 reportingMar 2023 · trailing 12-month earnings per share at 174, against 100 at the start · up 67.5% on a year ago · 13 reportingJun 2023 · trailing 12-month earnings per share at 147, against 100 at the start · up 1.5% on a year ago · 13 reportingSep 2023 · trailing 12-month earnings per share at 144, against 100 at the start · down 20.1% on a year ago · 13 reportingDec 2023 · trailing 12-month earnings per share at 107, against 100 at the start · down 36.7% on a year ago · 13 reportingMar 2024 · trailing 12-month earnings per share at 98, against 100 at the start · down 41.3% on a year ago · 13 reportingJun 2024 · trailing 12-month earnings per share at 95, against 100 at the start · down 36.0% on a year ago · 13 reportingSep 2024 · trailing 12-month earnings per share at 93, against 100 at the start · down 29.6% on a year ago · 13 reportingDec 2024 · trailing 12-month earnings per share at 91, against 100 at the start · down 21.6% on a year ago · 13 reportingMar 2025 · trailing 12-month earnings per share at 90, against 100 at the start · down 20.1% on a year ago · 13 reportingJun 2025 · trailing 12-month earnings per share at 85, against 100 at the start · down 22.9% on a year ago · 13 reportingSep 2025 · trailing 12-month earnings per share at 88, against 100 at the start · down 14.3% on a year ago · 13 reportingDec 2025 · trailing 12-month earnings per share at 89, against 100 at the start · down 13.9% on a year ago · 13 reportingMar 2026 · trailing 12-month earnings per share at 98, against 100 at the start · down 4.6% on a year ago · 13 reportingNot reported yet — earnings trail price by a quarter or two98 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
200500202620252024202320222021 532348 TRAILING 12-MONTH EPS · 100 AT THE START0100200Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 13 reportingJun 2022 · trailing 12-month earnings per share at 143, against 100 at the start · no comparable year yet · 13 reportingSep 2022 · trailing 12-month earnings per share at 200, against 100 at the start · no comparable year yet · 13 reportingDec 2022 · trailing 12-month earnings per share at 172, against 100 at the start · no comparable year yet · 13 reportingMar 2023 · trailing 12-month earnings per share at 174, against 100 at the start · up 67.5% on a year ago · 13 reportingJun 2023 · trailing 12-month earnings per share at 147, against 100 at the start · up 1.5% on a year ago · 13 reportingSep 2023 · trailing 12-month earnings per share at 144, against 100 at the start · down 20.1% on a year ago · 13 reportingDec 2023 · trailing 12-month earnings per share at 107, against 100 at the start · down 36.7% on a year ago · 13 reportingMar 2024 · trailing 12-month earnings per share at 98, against 100 at the start · down 41.3% on a year ago · 13 reportingJun 2024 · trailing 12-month earnings per share at 95, against 100 at the start · down 36.0% on a year ago · 13 reportingSep 2024 · trailing 12-month earnings per share at 93, against 100 at the start · down 29.6% on a year ago · 13 reportingDec 2024 · trailing 12-month earnings per share at 91, against 100 at the start · down 21.6% on a year ago · 13 reportingMar 2025 · trailing 12-month earnings per share at 90, against 100 at the start · down 20.1% on a year ago · 13 reportingJun 2025 · trailing 12-month earnings per share at 85, against 100 at the start · down 22.9% on a year ago · 13 reportingSep 2025 · trailing 12-month earnings per share at 88, against 100 at the start · down 14.3% on a year ago · 13 reportingDec 2025 · trailing 12-month earnings per share at 89, against 100 at the start · down 13.9% on a year ago · 13 reportingMar 2026 · trailing 12-month earnings per share at 98, against 100 at the start · down 4.6% on a year ago · 13 reportingNot reported yet — earnings trail price by a quarter or two98No earnings on file this far back — the price series reaches further than the filings do
Oil & Gas Integrated, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy NarrowHow much of the industry is participating, how recently, and whether the movers score well.
Together2 of 16 stocks moving
Fresh2 crossed in the last 4 weeks
Backed by scoresmovers score +13 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/40
Mid 0/50
Small 2/7+2

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 16 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 Integrated outperforming S&P 500?

Oil & Gas Integrated has outperformed S&P 500 by 17.9% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 6.5%. 11 of 13 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. YPF Sociedad Anónima is the strongest against the sector itself at +12.3%.

-6.5%Sector vs S&P 500 · 13 weeks
+17.9%Sector vs S&P 500 · 52 weeks
11/13Stocks leading S&P 500
5/13Stocks 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 Integrated has outperformed S&P 500 by 17.9% over 52 weeks and 6.5% over 13 weeks. 11 of 13 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 13 beat the sector itself. ExxonMobil Holdings Corporation leads with revenue of $326,008 million, based on 11 of 13 comparable companies through Mar 2026.

Is the Oil & Gas Integrated sector outperforming S&P 500?

Oil & Gas Integrated has outperformed S&P 500 by 17.9% over 52 weeks and 6.5% over 13 weeks. 11 of 13 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 13 beat the sector itself.

Which Oil & Gas Integrated company is largest by revenue?

ExxonMobil Holdings Corporation leads with revenue of $326,008 million, based on 11 of 13 comparable companies through Mar 2026.

Which Oil & Gas Integrated company is growing fastest?

National Fuel Gas Company has the fastest current revenue growth at 21.3%, across 11 of 13 comparable companies.

Which Oil & Gas Integrated company has the strongest 4-Factor Sector Score?

Equinor ASA ranks first at 65.3/100 with 58.7% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Oil & Gas Integrated company reports the most CAPEX?

ExxonMobil Holdings Corporation reports the largest latest CAPEX at $6,470 million, with 13 of 13 companies comparable.

Which Oil & Gas Integrated company has the least gross debt?

National Fuel Gas Company has the lowest comparable gross debt at $2,426 million. YPF Sociedad Anónima has the highest at $14,817,287 million.

Which Oil & Gas Integrated company has the lowest comparable PEG?

ExxonMobil Holdings Corporation has the lowest comparable Guarded PEG at 0.23, among 9 of 13 companies that pass the metric’s comparability rules.

How much history does this Oil & Gas Integrated 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
13
complete canonical membership
Combined market value
$1.9T
ExxonMobil Holdings Corporation
Revenue growing
3/11
positive TTM year-on-year growth
Beating S&P 500
11/13
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.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Equinor ASA has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 58.7% evidence confidence.
ExxonMobil Holdings Corporation looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

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.

1. Equinor ASA · EQNR

65.3/100 · Thin evidence · provisional · 59% evidence

Exact sum: 22.7 + 15.6 + 11.3 + 15.7 = 65.3

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

22.7/35Growth & earnings

Revenue — · PAT — · OPM change 1.8 pp

45% evidence

15.6/25Capital efficiency

ROCE 12.7% · debt/equity 0.75×

80% evidence

11.3/20Valuation

P/E 8.6× · PEG —

15% evidence

15.7/20Relative strength

RS sector 11.8% · RS bench 19.4% · 1Y 50.4%

100% evidence

2. Cenovus Energy Inc. · CVE

63.8/100 · Mixed-positive evidence · 82% evidence

Exact sum: 22.4 + 14.2 + 14 + 13.2 = 63.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.4/35Growth & earnings

Revenue -10.6% · PAT 64.3% · OPM change 9.3 pp

83% evidence

14.2/25Capital efficiency

ROCE 4.3% · debt/equity 0.42×

80% evidence

14.0/20Valuation

P/E 14.9× · PEG 0.34

65% evidence

13.2/20Relative strength

RS sector 12.1% · RS bench 20% · 1Y 86.5%

100% evidence

3. YPF Sociedad Anónima · YPF

62.6/100 · Mixed-positive evidence · 65% evidence

Exact sum: 22.5 + 9.3 + 10.8 + 20 = 62.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.5/35Growth & earnings

Revenue -3.5% · PAT -119.1% · OPM change 14 pp

62% evidence

9.3/25Capital efficiency

ROCE 4.5% · debt/equity 1278.12×

80% evidence

10.8/20Valuation

P/E 12.7× · PEG —

15% evidence

20.0/20Relative strength

RS sector 12.3% · RS bench 20.8% · 1Y 50.5%

100% evidence

4. TotalEnergies SE · TTE

57.0/100 · Mixed-positive evidence · 82% evidence

Exact sum: 21 + 15.8 + 12.6 + 7.6 = 57

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.0/35Growth & earnings

Revenue -4% · PAT 8.6% · OPM change 7.1 pp

83% evidence

15.8/25Capital efficiency

ROCE 4.9% · debt/equity 0.51×

80% evidence

12.6/20Valuation

P/E 13.5× · PEG 0.99

65% evidence

7.6/20Relative strength

RS sector -1.8% · RS bench 5.7% · 1Y 42.6%

100% evidence

5. National Fuel Gas Company · NFG

56.1/100 · Mixed-positive evidence · 82% evidence

Exact sum: 21.4 + 13.8 + 14.5 + 6.4 = 56.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.4/35Growth & earnings

Revenue 21.3% · PAT 100% · OPM change -3.1 pp

83% evidence

13.8/25Capital efficiency

ROCE 4.5% · debt/equity 0.63×

80% evidence

14.5/20Valuation

P/E 12.7× · PEG 0.65

65% evidence

6.4/20Relative strength

RS sector -18.1% · RS bench -10.5% · 1Y -6.1%

100% evidence

6. Shell plc · SHEL

53.5/100 · Mixed-positive evidence · 82% evidence

Exact sum: 19.1 + 11.8 + 14.7 + 7.9 = 53.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.1/35Growth & earnings

Revenue -4.9% · PAT 36.1% · OPM change 1.7 pp

83% evidence

11.8/25Capital efficiency

ROCE 3.5% · debt/equity 0.43×

80% evidence

14.7/20Valuation

P/E 14.5× · PEG 0.3

65% evidence

7.9/20Relative strength

RS sector -6.5% · RS bench 1.4% · 1Y 19.7%

100% evidence

7. Suncor Energy Inc. · SU

52.2/100 · Mixed-positive evidence · 82% evidence

Exact sum: 17.3 + 14.3 + 8.2 + 12.4 = 52.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

17.3/35Growth & earnings

Revenue 0.9% · PAT 3.8% · OPM change 0.9 pp

83% evidence

14.3/25Capital efficiency

ROCE 3.8% · debt/equity 0.32×

80% evidence

8.2/20Valuation

P/E 17.5× · PEG 1.87

65% evidence

12.4/20Relative strength

RS sector 6.8% · RS bench 14.5% · 1Y 63.7%

100% evidence

8. ExxonMobil Holdings Corporation · XOM

48.5/100 · Mixed-negative evidence · 82% evidence

Exact sum: 9.1 + 12 + 14.5 + 12.9 = 48.5

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

9.1/35Growth & earnings

Revenue -4.1% · PAT -24.1% · OPM change -5.6 pp

83% evidence

12.0/25Capital efficiency

ROCE 1.4% · debt/equity 0.18×

80% evidence

14.5/20Valuation

P/E 28.6× · PEG 0.23

65% evidence

12.9/20Relative strength

RS sector -1% · RS bench 6.8% · 1Y 39.6%

100% evidence

9. Imperial Oil Limited · IMO

43.7/100 · Mixed-negative evidence · 82% evidence

Exact sum: 7.8 + 13.3 + 9.9 + 12.7 = 43.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

7.8/35Growth & earnings

Revenue -9.1% · PAT -40.2% · OPM change -3.3 pp

83% evidence

13.3/25Capital efficiency

ROCE 3.3% · debt/equity 0.18×

80% evidence

9.9/20Valuation

P/E 31× · PEG 1.3

65% evidence

12.7/20Relative strength

RS sector 1.9% · RS bench 9.7% · 1Y 50.9%

100% evidence

10. BP p.l.c. · BP

43.3/100 · Mixed-negative evidence · 65% evidence

Exact sum: 21.9 + 9 + 8.5 + 3.9 = 43.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.9/35Growth & earnings

Revenue 4% · PAT — · OPM change 7 pp

62% evidence

9.0/25Capital efficiency

ROCE 3.8% · debt/equity 0.96×

80% evidence

8.5/20Valuation

P/E 39.2× · PEG —

15% evidence

3.9/20Relative strength

RS sector -7.1% · RS bench 0.5% · 1Y 31.2%

100% evidence

11. Chevron Corporation · CVX

38.4/100 · Mixed-negative evidence · 82% evidence

Exact sum: 11.4 + 11.3 + 6.6 + 9.1 = 38.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

11.4/35Growth & earnings

Revenue -3.6% · PAT -28.3% · OPM change -2.5 pp

83% evidence

11.3/25Capital efficiency

ROCE 1.3% · debt/equity 0.24×

80% evidence

6.6/20Valuation

P/E 35.9× · PEG 1.92

65% evidence

9.1/20Relative strength

RS sector -6% · RS bench 1.8% · 1Y 23.9%

100% evidence

12. Eni S.p.A. · E

33.1/100 · Adverse evidence · 75% evidence

Exact sum: 13.1 + 6.7 + 4.4 + 8.9 = 33.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

13.1/35Growth & earnings

Revenue -10.6% · PAT -40.7% · OPM change 0.5 pp

62% evidence

6.7/25Capital efficiency

ROCE 0.7% · debt/equity 0.67×

80% evidence

4.4/20Valuation

P/E 32.6× · PEG 2.8

65% evidence

8.9/20Relative strength

RS sector -0.3% · RS bench 7% · 1Y 47.9%

100% evidence

13. Diversified Energy Company · DEC

37.6/100 · Thin evidence · provisional · 31% evidence

Exact sum: 16.2 + 6.9 + 11.5 + 3 = 37.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

16.2/35Growth & earnings

Revenue — · PAT — · OPM change —

8% evidence

6.9/25Capital efficiency

ROCE 0% · debt/equity —

46% evidence

11.5/20Valuation

P/E 3× · PEG —

15% evidence

3.0/20Relative strength

RS sector -26.3% · RS bench -19.6% · 1Y -12.6%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

ExxonMobil Holdings Corporation has the highest Revenue among the 13 Oil & Gas Integrated companies compared here, at $326,008 million. Shell plc is next at $267,343 million. National Fuel Gas Company has the highest Revenue growth at 21.3%, so level and change sit with different companies. 11 of 13 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: ExxonMobil Holdings Corporation is the scale leader at $326,008 million, 21.9% ahead of Shell plc. National Fuel Gas Company's growth is 21.3% from a $2,508 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderExxonMobil Holdings Corporation · $326,008 million
Gap21.9% versus #2 · Shell plc
Persistence3/8 recent comparable periods
Coverage11/13 companies · 234 observations

Investor read: ExxonMobil Holdings Corporation is the scale benchmark; National Fuel Gas Company is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: ExxonMobil Holdings Corporation's growth falls below National Fuel Gas Company'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
1ExxonMobil Holdings Corporation XOM$326.0B
2Shell plc SHEL$267.3B
3BP p.l.c. BP$194.7B
4Chevron Corporation CVX$185.9B
5TotalEnergies SE TTE$184.0B
Revenue growthfastest growers
1National Fuel Gas Company NFG21%
2BP p.l.c. BP4.0%
3Suncor Energy Inc. SU0.9%
4YPF Sociedad Anónima YPF-3.5%
5Chevron Corporation CVX-3.7%
Revenue · company comparison
11/13 level · 11/13 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.

CompanyRevenueRevenue growthReported
ExxonMobil Holdings Corporation XOM$83.2B2.6%Mar 2026
Shell plc SHEL$69.7B0.7%Mar 2026
BP p.l.c. BP$52.3B11%Mar 2026
TotalEnergies SE TTE$49.5B3.4%Mar 2026
Chevron Corporation CVX$47.6B3.2%Mar 2026
Equinor ASA EQNR$27.8B-6.9%Jun 2026
Eni S.p.A. E$20.1B4.6%Mar 2026
Suncor Energy Inc. SU$14.5B18%Mar 2026
Imperial Oil Limited IMO$12.4B-0.4%Mar 2026
Cenovus Energy Inc. CVE$12.4B-7.1%Mar 2026
YPF Sociedad Anónima YPF$5.0B11%Mar 2026
Diversified Energy Company DEC$1.1B111%Mar 2026
National Fuel Gas Company NFG$858M18%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

$36.2B
$50.6B
$49.3B
$67.9B
$55.0B
$69.3B
$56.2B
$48.5B
$53.3B
$52.1B
$48.9B
$47.3B
$47.3B
$45.8B
$46.9B
$46.6B
$48.4B
$47.4B
$52.3B

Cenovus Energy Inc. · CVE

$12.7B
$13.7B
$16.2B
$19.2B
$17.5B
$14.1B
$12.3B
$12.2B
$14.6B
$13.1B
$13.1B
$14.6B
$13.8B
$12.8B
$13.3B
$12.3B
$13.2B
$10.9B
$12.4B

Chevron Corporation · CVX

$42.6B
$45.9B
$52.3B
$65.4B
$63.5B
$54.5B
$48.8B
$47.2B
$51.9B
$48.9B
$46.6B
$49.6B
$48.9B
$48.3B
$46.1B
$44.4B
$48.2B
$45.8B
$47.6B

Eni S.p.A. · E

$19.3B
$27.1B
$32.5B
$31.8B
$37.6B
$31.8B
$27.4B
$19.8B
$22.7B
$25.0B
$23.2B
$23.1B
$21.0B
$24.0B
$19.2B
$19.1B
$20.5B
$18.2B
$20.1B

Equinor ASA · EQNR

$23.3B
$32.6B
$36.4B
$36.5B
$43.6B
$34.3B
$29.2B
$22.9B
$26.0B
$29.1B
$25.1B
$25.5B
$25.4B
$27.7B
$29.9B
$25.1B
$26.0B
$25.3B
$27.8B

ExxonMobil Holdings Corporation · XOM

$71.9B
$81.3B
$87.7B
$111.3B
$106.5B
$93.2B
$83.6B
$80.8B
$88.6B
$81.7B
$80.4B
$90.0B
$87.8B
$81.1B
$81.1B
$79.5B
$83.3B
$80.0B
$83.2B

Imperial Oil Limited · IMO

$10.2B
$12.3B
$12.7B
$17.3B
$15.1B
$14.4B
$12.1B
$11.8B
$13.9B
$13.0B
$12.2B
$13.3B
$13.2B
$12.5B
$12.5B
$11.2B
$12.0B
$11.3B
$12.4B

National Fuel Gas Company · NFG

$356M
$547M
$702M
$503M
$435M
$659M
$717M
$429M
$369M
$525M
$630M
$417M
$372M
$549M
$730M
$532M
$466M
$652M
$858M

Shell plc · SHEL

$60.0B
$85.3B
$84.2B
$100.1B
$95.7B
$101.3B
$87.0B
$74.6B
$76.4B
$78.7B
$72.5B
$74.5B
$71.1B
$66.3B
$69.2B
$65.4B
$68.2B
$64.1B
$69.7B

Suncor Energy Inc. · SU

$10.1B
$11.1B
$13.3B
$16.1B
$14.9B
$13.9B
$11.9B
$11.7B
$12.6B
$12.8B
$12.4B
$12.9B
$12.9B
$12.5B
$12.3B
$12.0B
$12.6B
$12.0B
$14.5B

TotalEnergies SE · TTE

$49.1B
$55.3B
$64.0B
$70.4B
$65.0B
$54.6B
$58.2B
$51.5B
$54.4B
$54.8B
$51.9B
$49.2B
$47.4B
$47.1B
$47.9B
$44.7B
$43.8B
$45.9B
$49.5B

YPF Sociedad Anónima · YPF

$3.6B
$3.7B
$3.6B
$4.8B
$5.0B
$4.6B
$4.2B
$4.0B
$4.2B
$4.2B
$4.2B
$4.8B
$5.2B
$4.8B
$4.5B
$4.5B
$4.6B
$4.6B
$5.0B

Revenue growth · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

86%
52%
37%
14%
-28%
-3.2%
-25%
-13%
-2.6%
-11%
-12%
-4.0%
-1.4%
2.5%
3.6%
11%

Cenovus Energy Inc. · CVE

80%
38%
2.5%
-24%
-36%
-17%
-6.6%
6.5%
19%
-5.2%
-2.4%
1.8%
-16%
-4.5%
-15%
-7.1%

Chevron Corporation · CVX

81%
49%
19%
-6.6%
-28%
-18%
-10%
-4.6%
5.0%
-5.8%
-1.2%
-1.0%
-10%
-1.6%
-5.3%
3.2%

Eni S.p.A. · E

91%
95%
17%
-16%
-38%
-40%
-21%
-15%
16%
-7.2%
-4.2%
-17%
-17%
-2.2%
-24%
4.6%

Equinor ASA · EQNR

109%
88%
5.3%
-20%
-37%
-40%
-15%
-14%
12%
-2.2%
-4.8%
19%
-1.5%
2.4%
-8.4%
-6.9%

ExxonMobil Holdings Corporation · XOM

69%
48%
15%
-4.7%
-27%
-17%
-12%
-3.9%
11%
-0.9%
-0.8%
0.8%
-12%
-5.1%
-1.3%
2.6%

Imperial Oil Limited · IMO

116%
48%
17%
-4.7%
-32%
-8.0%
-9.7%
1.6%
13%
-4.7%
-3.5%
1.8%
-16%
-9.2%
-10%
-0.4%

National Fuel Gas Company · NFG

28%
22%
20%
2.1%
-15%
-15%
-20%
-12%
-2.8%
0.8%
4.6%
16%
28%
25%
19%
18%

Shell plc · SHEL

65%
59%
19%
3.3%
-25%
-20%
-22%
-17%
-0.2%
-6.9%
-16%
-4.5%
-12%
-4.1%
-3.3%
0.7%

Suncor Energy Inc. · SU

76%
47%
25%
-11%
-27%
-15%
-8.0%
3.9%
10.0%
1.9%
-2.2%
-0.5%
-7.0%
-2.6%
-3.9%
18%

TotalEnergies SE · TTE

69%
32%
-1.3%
-8.9%
-27%
-16%
0.3%
-11%
-4.6%
-13%
-14%
-7.7%
-9.2%
-7.6%
-2.5%
3.4%

YPF Sociedad Anónima · YPF

44%
41%
26%
17%
-15%
-17%
-9.7%
-0.8%
19%
24%
13%
8.0%
-7.0%
-12%
-4.1%
11%
02 · compare level, then change

Operating Economics & Margin Trend

National Fuel Gas Company has the highest OPM among the 13 Oil & Gas Integrated companies compared here, at 40.4%. Equinor ASA is next at 31.5%. YPF Sociedad Anónima has the highest Margin change at +14 percentage points, so level and change sit with different companies. 12 of 13 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: National Fuel Gas Company leads opm at 40.4%; YPF Sociedad Anónima leads margin change at +14 percentage points.

LeaderNational Fuel Gas Company · 40.4%
Gap28.3% versus #2 · Equinor ASA
Persistence4/8 recent comparable periods
Coverage12/13 companies · 228 observations

Investor read: National Fuel Gas Company 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
1National Fuel Gas Company NFG40%
2Equinor ASA EQNR32%
3Suncor Energy Inc. SU21%
4TotalEnergies SE TTE21%
5Cenovus Energy Inc. CVE19%
Margin changefastest expanders
1YPF Sociedad Anónima YPF+14.0 pp
2Cenovus Energy Inc. CVE+9.3 pp
3TotalEnergies SE TTE+7.1 pp
4BP p.l.c. BP+7.0 pp
5Equinor ASA EQNR+1.8 pp
Operating margin · company comparison
12/13 level · 12/13 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.

CompanyOPMMargin changeReported
National Fuel Gas Company NFG40%−3.1 ppMar 2026
Equinor ASA EQNR32%+1.8 ppJun 2026
Suncor Energy Inc. SU21%+0.9 ppMar 2026
TotalEnergies SE TTE21%+7.1 ppMar 2026
Cenovus Energy Inc. CVE19%+9.3 ppMar 2026
YPF Sociedad Anónima YPF18%+14.0 ppMar 2026
Shell plc SHEL15%+1.7 ppMar 2026
BP p.l.c. BP14%+7.0 ppMar 2026
Imperial Oil Limited IMO9.8%−3.3 ppMar 2026
Chevron Corporation CVX6.8%−2.5 ppMar 2026
ExxonMobil Holdings Corporation XOM6.4%−5.6 ppMar 2026
Eni S.p.A. E3.5%+0.5 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

BP p.l.c. · BP

-3.5%
6.7%
-37%
21%
3.1%
24%
21%
7.0%
15%
3.1%
9.8%
3.2%
2.8%
-2.4%
7.3%
7.0%
7.4%
0.2%
14%

Cenovus Energy Inc. · CVE

11%
-1.8%
12%
19%
12%
7.5%
6.4%
8.6%
18%
7.4%
12%
9.9%
7.3%
6.0%
9.5%
5.7%
11%
9.1%
19%

Chevron Corporation · CVX

14%
11%
14%
20%
19%
15%
16%
13%
13%
11%
13%
11%
10%
4.9%
9.3%
9.0%
8.8%
8.5%
6.8%

Eni S.p.A. · E

15%
21%
17%
19%
18%
-1.3%
9.2%
8.9%
14%
3.4%
12%
6.9%
6.5%
-1.6%
3.0%
6.1%
6.5%
-4.6%
3.5%

Equinor ASA · EQNR

41%
42%
51%
49%
60%
48%
43%
31%
29%
30%
30%
30%
27%
32%
30%
23%
20%
22%
32%

ExxonMobil Holdings Corporation · XOM

11%
10%
6.8%
19%
19%
18%
17%
12%
13%
10%
12%
12%
13%
9.6%
12%
11%
11%
7.4%
6.4%

Imperial Oil Limited · IMO

12%
9.1%
12%
18%
16%
16%
13%
7.2%
15%
13%
13%
11%
12%
12%
13%
11%
5.5%
5.4%
9.8%

National Fuel Gas Company · NFG

37%
38%
35%
36%
41%
39%
31%
36%
34%
39%
40%
-12%
-40%
16%
44%
43%
39%
42%
40%

Shell plc · SHEL

0.9%
14%
15%
24%
9.6%
17%
16%
6.9%
14%
1.8%
14%
11%
9.9%
7.4%
13%
9.2%
10%
8.5%
15%

Suncor Energy Inc. · SU

19%
19%
30%
37%
3.0%
27%
21%
16%
21%
17%
20%
19%
21%
16%
20%
13%
20%
17%
21%

TotalEnergies SE · TTE

14%
15%
19%
20%
19%
5.4%
15%
13%
18%
12%
14%
13%
10%
14%
13%
9.7%
13%
9.8%
21%

YPF Sociedad Anónima · YPF

12%
-5.1%
10%
17%
13%
9.5%
7.9%
3.2%
-13%
-34%
15%
11%
14%
-11%
3.9%
8.3%
12%
13%
18%

Margin change · reported quarter history

BP p.l.c. · BP

+7.4 pp
+6.6 pp
+17.5 pp
+58.6 pp
−14.0 pp
+11.6 pp
−21.1 pp
−11.6 pp
−3.8 pp
−11.9 pp
−5.5 pp
−2.5 pp
+3.8 pp
+4.6 pp
+2.6 pp
+7.0 pp

Cenovus Energy Inc. · CVE

+13.5 pp
+1.2 pp
+9.3 pp
−5.3 pp
−10.0 pp
+6.3 pp
−0.1 pp
+5.9 pp
+1.3 pp
−11.0 pp
−1.4 pp
−2.8 pp
−4.2 pp
+3.8 pp
+3.1 pp
+9.3 pp

Chevron Corporation · CVX

+10.8 pp
+4.3 pp
+4.0 pp
+2.1 pp
−6.2 pp
−5.7 pp
−3.6 pp
−3.0 pp
−2.1 pp
−2.9 pp
−6.1 pp
−3.4 pp
−2.2 pp
−1.2 pp
+3.6 pp
−2.5 pp

Eni S.p.A. · E

+6.8 pp
+3.1 pp
−22.3 pp
−7.3 pp
−9.9 pp
−3.8 pp
+4.7 pp
+2.3 pp
−2.0 pp
−7.3 pp
−5.0 pp
−8.5 pp
−0.8 pp
0.0 pp
−3.0 pp
+0.5 pp

Equinor ASA · EQNR

+18.3 pp
+18.7 pp
+6.7 pp
−7.7 pp
−17.8 pp
−31.2 pp
−18.2 pp
−12.4 pp
−0.8 pp
−1.5 pp
+1.5 pp
−0.7 pp
−7.3 pp
−6.9 pp
−10.0 pp
+1.8 pp

ExxonMobil Holdings Corporation · XOM

+11.4 pp
+7.8 pp
+7.8 pp
+10.0 pp
−6.5 pp
−5.6 pp
−7.9 pp
−4.5 pp
0.0 pp
−0.7 pp
−0.5 pp
−0.3 pp
−1.0 pp
−1.6 pp
−2.2 pp
−5.6 pp

Imperial Oil Limited · IMO

+12.8 pp
+4.2 pp
+6.5 pp
+1.3 pp
−11.1 pp
−0.8 pp
−2.9 pp
−0.5 pp
+3.8 pp
−3.0 pp
−0.6 pp
+0.4 pp
−0.1 pp
−6.4 pp
−6.7 pp
−3.3 pp

National Fuel Gas Company · NFG

−2.1 pp
+3.7 pp
+0.2 pp
−4.2 pp
−0.1 pp
−6.9 pp
+0.8 pp
+8.9 pp
−48.2 pp
−73.7 pp
−23.7 pp
+3.7 pp
+55.6 pp
+78.3 pp
+26.7 pp
−3.1 pp

Shell plc · SHEL

+17.6 pp
+8.7 pp
+3.0 pp
+0.6 pp
−16.9 pp
+4.5 pp
−15.6 pp
−1.7 pp
+3.9 pp
−4.2 pp
+5.6 pp
−0.6 pp
−1.6 pp
+0.3 pp
+1.1 pp
+1.7 pp

Suncor Energy Inc. · SU

+22.6 pp
−15.6 pp
+8.7 pp
−9.4 pp
−21.0 pp
+18.0 pp
−10.1 pp
−0.6 pp
+2.9 pp
+0.3 pp
−1.6 pp
+0.1 pp
−6.2 pp
−0.9 pp
+0.9 pp
+0.9 pp

TotalEnergies SE · TTE

+7.6 pp
+5.3 pp
−9.5 pp
−3.6 pp
−6.7 pp
−1.0 pp
+6.9 pp
−1.1 pp
−0.1 pp
−8.0 pp
+1.7 pp
−0.9 pp
−3.0 pp
+2.9 pp
−4.2 pp
+7.1 pp

YPF Sociedad Anónima · YPF

+7.6 pp
+1.0 pp
+14.6 pp
−2.2 pp
−13.6 pp
−25.4 pp
−43.3 pp
+6.9 pp
+8.2 pp
+26.3 pp
+22.6 pp
−10.9 pp
−3.1 pp
−1.8 pp
+24.0 pp
+14.0 pp
03 · compare level, then change

Profit Scale & Acceleration

ExxonMobil Holdings Corporation has the highest Net profit among the 13 Oil & Gas Integrated companies compared here, at $26,203 million. Shell plc is next at $19,002 million. National Fuel Gas Company 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: ExxonMobil Holdings Corporation leads with $26,203 million of TTM profit, 37.9% above Shell plc. National Fuel Gas Company shows ≥100% on the scoring scale (1700% uncapped) growth from a $702 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderExxonMobil Holdings Corporation · $26,203 million
Gap37.9% versus #2 · Shell plc
Persistence1/8 recent comparable periods
Coverage11/13 companies · 237 observations

Investor read: ExxonMobil Holdings 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 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
1ExxonMobil Holdings Corporation XOM$26.2B
2Shell plc SHEL$19.0B
3TotalEnergies SE TTE$15.4B
4Chevron Corporation CVX$11.3B
5Suncor Energy Inc. SU$6.3B
Profit growthfastest growers
1National Fuel Gas Company NFG100%
2Cenovus Energy Inc. CVE64%
3Shell plc SHEL36%
4TotalEnergies SE TTE8.6%
5Suncor Energy Inc. SU3.8%
Net profit · company comparison
11/13 level · 8/13 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.

CompanyNet profitProfit growthReported
TotalEnergies SE TTE$5.9B51%Mar 2026
Shell plc SHEL$5.8B18%Mar 2026
ExxonMobil Holdings Corporation XOM$4.5B-44%Mar 2026
BP p.l.c. BP$4.2B329%Mar 2026
Equinor ASA EQNR$3.1B18%Jun 2026
Chevron Corporation CVX$2.3B-35%Mar 2026
Suncor Energy Inc. SU$2.1B24%Mar 2026
Cenovus Energy Inc. CVE$1.6B83%Mar 2026
Imperial Oil Limited IMO$940M-27%Mar 2026
YPF Sociedad Anónima YPF$443M-112%Mar 2026
Diversified Energy Company DEC$376M-313%Mar 2026
National Fuel Gas Company NFG$248M15%Mar 2026
Eni S.p.A. E$25M-395%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

$-2.3B
$2.6B
$-20.1B
$9.5B
$-2.0B
$11.2B
$8.4B
$2.0B
$5.1B
$436M
$2.4B
$70M
$370M
$-1.6B
$982M
$1.9B
$1.5B
$-3.1B
$4.2B

Cenovus Energy Inc. · CVE

$551M
$-408M
$1.6B
$2.4B
$1.6B
$784M
$636M
$866M
$1.9B
$743M
$1.2B
$1.0B
$820M
$146M
$859M
$851M
$1.3B
$934M
$1.6B

Chevron Corporation · CVX

$6.1B
$5.1B
$6.3B
$11.7B
$11.2B
$6.4B
$6.6B
$6.0B
$6.6B
$2.2B
$5.6B
$4.4B
$4.5B
$3.3B
$3.5B
$2.5B
$3.6B
$2.8B
$2.3B

Eni S.p.A. · E

$1.2B
$3.5B
$3.6B
$3.8B
$5.9B
$670M
$2.4B
$314M
$1.9B
$180M
$1.2B
$695M
$544M
$288M
$-514M
$561M
$865M
$-850M
$25M

Equinor ASA · EQNR

$1.4B
$3.4B
$4.7B
$6.8B
$9.4B
$7.9B
$5.0B
$1.8B
$2.5B
$2.6B
$2.7B
$1.9B
$2.3B
$2.0B
$2.6B
$1.3B
$-204M
$1.3B
$3.1B

ExxonMobil Holdings Corporation · XOM

$6.9B
$9.1B
$5.8B
$18.6B
$20.2B
$13.1B
$11.8B
$8.2B
$9.3B
$8.0B
$8.6B
$9.6B
$9.0B
$8.0B
$8.0B
$7.4B
$7.8B
$6.6B
$4.5B

Imperial Oil Limited · IMO

$908M
$813M
$1.2B
$2.4B
$2.0B
$1.7B
$1.2B
$675M
$1.6B
$1.4B
$1.2B
$1.1B
$1.2B
$1.2B
$1.3B
$949M
$539M
$492M
$940M

National Fuel Gas Company · NFG

$87M
$132M
$167M
$108M
$158M
$170M
$141M
$93M
$74M
$133M
$166M
$-54M
$-168M
$45M
$216M
$150M
$122M
$182M
$248M

Shell plc · SHEL

$-317M
$11.6B
$7.3B
$18.2B
$6.8B
$10.5B
$8.8B
$3.2B
$7.2B
$536M
$7.4B
$3.7B
$4.4B
$1.0B
$4.9B
$3.6B
$5.4B
$4.2B
$5.8B

Suncor Energy Inc. · SU

$877M
$1.6B
$2.9B
$4.0B
$-609M
$2.7B
$2.1B
$1.9B
$1.5B
$2.8B
$1.6B
$1.6B
$2.0B
$818M
$1.7B
$1.1B
$1.6B
$1.5B
$2.1B

TotalEnergies SE · TTE

$4.8B
$5.9B
$5.1B
$5.8B
$6.7B
$3.4B
$5.6B
$4.2B
$6.7B
$5.0B
$5.8B
$3.8B
$2.4B
$4.0B
$3.9B
$2.7B
$3.8B
$2.9B
$5.9B

YPF Sociedad Anónima · YPF

$233M
$241M
$238M
$751M
$626M
$464M
$341M
$332M
$-184M
$-1.9B
$635M
$519M
$1.5B
$-284M
$-12M
$62M
$-176M
$-649M
$443M

Profit growth · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

184%
333%
-80%
-96%
-71%
-96%
-93%
-472%
-59%
2,656%
308%
329%

Cenovus Energy Inc. · CVE

986%
192%
-61%
-64%
16%
-5.2%
85%
15%
-56%
-80%
-27%
-15%
57%
540%
83%

Chevron Corporation · CVX

279%
84%
26%
5.2%
-49%
-42%
-65%
-16%
-26%
-31%
45%
-37%
-43%
-20%
-13%
-35%

Eni S.p.A. · E

1,415%
387%
-81%
-33%
-92%
-67%
-73%
-49%
121%
-72%
60%
-142%
-19%
59%
-395%

Equinor ASA · EQNR

248%
565%
134%
5.4%
-73%
-73%
-67%
-46%
2.4%
-8.6%
-23%
-1.6%
-30%
-109%
-34%
18%

ExxonMobil Holdings Corporation · XOM

289%
191%
44%
106%
-56%
-54%
-39%
-28%
17%
-4.0%
-0.7%
-6.2%
-23%
-13%
-17%
-44%

Imperial Oil Limited · IMO

558%
124%
112%
6.4%
-72%
-21%
-21%
-4.3%
68%
-23%
-10%
7.8%
-16%
-56%
-60%
-27%

National Fuel Gas Company · NFG

26%
82%
29%
-16%
-14%
-53%
-22%
18%
-158%
-327%
-66%
30%
304%
15%

Shell plc · SHEL

412%
-9.8%
20%
-83%
4.8%
-95%
-15%
16%
-39%
94%
-34%
-0.2%
23%
302%
18%

Suncor Energy Inc. · SU

360%
-169%
77%
-30%
-53%
2.9%
-22%
-17%
31%
-71%
4.9%
-28%
-20%
80%
24%

TotalEnergies SE · TTE

152%
42%
-42%
11%
-28%
-0.9%
46%
3.1%
-7.4%
-65%
-20%
-32%
-29%
59%
-27%
51%

YPF Sociedad Anónima · YPF

169%
93%
43%
-56%
-129%
-501%
86%
56%
-102%
-88%
-112%
04 · compare level, then change

Capacity Spending & Returns On It

ExxonMobil Holdings Corporation has the highest CAPEX among the 13 Oil & Gas Integrated companies compared here, at $6,470 million. TotalEnergies SE is next at $4,621 million. National Fuel Gas Company has the highest CAPEX intensity at 25.8%, so level and change sit with different companies. 13 of 13 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: ExxonMobil Holdings Corporation reports $6,470 million of CAPEX; National Fuel Gas Company has the highest covered intensity at 25.8%. Coverage is only 13 of 13 companies and 230 reported observations, so this is partial evidence—not a complete sector rank.

LeaderExxonMobil Holdings Corporation · $6,470 million
Gap40% versus #2 · TotalEnergies SE
Persistence8/8 recent comparable periods
Coverage13/13 companies · 230 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
1ExxonMobil Holdings Corporation XOM$6.5B
2TotalEnergies SE TTE$4.6B
3Chevron Corporation CVX$4.1B
4Shell plc SHEL$3.8B
5BP p.l.c. BP$3.2B
CAPEX intensityhighest reinvestment intensity
1National Fuel Gas Company NFG26%
2YPF Sociedad Anónima YPF22%
3Eni S.p.A. E12%
4Diversified Energy Company DEC11%
5Equinor ASA EQNR11%
Capital expenditure · company comparison
13/13 level · 13/13 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.

CompanyCAPEXCAPEX intensityReported
ExxonMobil Holdings Corporation XOM$6.5B7.8%Mar 2026
TotalEnergies SE TTE$4.6B9.3%Mar 2026
Chevron Corporation CVX$4.1B8.5%Mar 2026
Shell plc SHEL$3.8B5.4%Mar 2026
BP p.l.c. BP$3.2B6.2%Mar 2026
Equinor ASA EQNR$2.9B11%Jun 2026
Eni S.p.A. E$2.4B12%Mar 2026
Cenovus Energy Inc. CVE$1.2B9.5%Mar 2026
Suncor Energy Inc. SU$1.1B7.7%Mar 2026
YPF Sociedad Anónima YPF$1.1B22%Mar 2026
Imperial Oil Limited IMO$475M3.8%Mar 2026
National Fuel Gas Company NFG$221M26%Mar 2026
Diversified Energy Company DEC$89M11%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

$2.6B
$2.8B
$2.6B
$2.7B
$3.1B
$3.7B
$3.1B
$3.5B
$3.5B
$4.2B
$3.7B
$3.5B
$4.2B
$3.9B
$3.4B
$3.2B
$3.2B
$3.5B
$3.2B

Cenovus Energy Inc. · CVE

$647M
$835M
$746M
$822M
$866M
$1.3B
$1.1B
$1.0B
$1.0B
$1.2B
$1.0B
$1.2B
$1.3B
$1.5B
$1.2B
$1.2B
$1.2B
$1.4B
$1.2B

Chevron Corporation · CVX

$1.9B
$2.6B
$2.0B
$3.2B
$3.0B
$3.8B
$3.0B
$3.8B
$4.7B
$4.4B
$4.1B
$4.0B
$4.1B
$4.3B
$3.9B
$3.7B
$4.4B
$5.3B
$4.1B

Eni S.p.A. · E

$1.1B
$1.5B
$1.3B
$1.8B
$2.0B
$2.6B
$2.1B
$2.5B
$1.8B
$2.4B
$1.8B
$1.9B
$1.9B
$2.5B
$1.7B
$2.0B
$2.1B
$2.9B
$2.4B

Equinor ASA · EQNR

$1.9B
$2.2B
$2.6B
$1.7B
$2.1B
$2.4B
$2.1B
$2.8B
$2.7B
$3.0B
$2.5B
$3.0B
$3.1B
$3.6B
$3.0B
$3.4B
$3.4B
$4.1B
$3.1B
$2.9B

ExxonMobil Holdings Corporation · XOM

$2.8B
$4.1B
$3.9B
$3.8B
$4.9B
$5.8B
$5.4B
$5.4B
$4.9B
$6.2B
$5.1B
$6.2B
$6.2B
$6.8B
$5.9B
$6.3B
$8.7B
$7.5B
$6.5B

Imperial Oil Limited · IMO

$276M
$424M
$304M
$333M
$397M
$492M
$429M
$499M
$387M
$470M
$497M
$461M
$486M
$423M
$398M
$471M
$504M
$632M
$475M

National Fuel Gas Company · NFG

$239M
$213M
$202M
$177M
$219M
$233M
$263M
$231M
$282M
$247M
$235M
$202M
$247M
$240M
$194M
$193M
$286M
$278M
$221M

Shell plc · SHEL

$4.6B
$6.2B
$4.2B
$6.7B
$5.3B
$6.4B
$6.2B
$4.6B
$5.3B
$7.0B
$4.0B
$4.4B
$4.7B
$6.5B
$3.7B
$5.4B
$4.6B
$5.3B
$3.8B

Suncor Energy Inc. · SU

$1.2B
$1.2B
$1.0B
$1.3B
$1.4B
$1.3B
$1.1B
$1.7B
$1.6B
$1.6B
$1.3B
$2.0B
$1.6B
$1.6B
$1.1B
$1.7B
$1.5B
$1.5B
$1.1B

TotalEnergies SE · TTE

$2.7B
$4.5B
$3.5B
$5.2B
$3.0B
$4.1B
$5.0B
$3.9B
$3.8B
$5.1B
$3.4B
$3.7B
$4.1B
$3.7B
$4.2B
$4.8B
$3.8B
$4.2B
$4.6B

YPF Sociedad Anónima · YPF

$702M
$740M
$753M
$820M
$1.0B
$1.2B
$1.2B
$1.2B
$1.3B
$1.3B
$1.2B
$1.1B

CAPEX intensity · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

7.3%
5.5%
5.3%
3.9%
5.6%
5.3%
5.6%
7.1%
6.5%
8.1%
7.6%
7.3%
8.9%
8.5%
7.1%
6.9%
6.5%
7.3%
6.2%

Cenovus Energy Inc. · CVE

5.1%
6.1%
4.6%
4.3%
5.0%
9.1%
9.0%
8.2%
7.0%
8.9%
7.9%
7.9%
9.7%
12%
9.2%
9.4%
8.7%
13%
9.5%

Chevron Corporation · CVX

4.5%
5.7%
3.7%
4.9%
4.7%
7.0%
6.2%
8.0%
9.0%
8.9%
8.8%
8.0%
8.3%
9.0%
8.5%
8.4%
9.2%
12%
8.5%

Eni S.p.A. · E

5.9%
5.7%
4.0%
5.6%
5.4%
8.2%
7.5%
13%
8.0%
9.5%
7.9%
8.3%
9.0%
11%
8.8%
11%
10%
16%
12%

Equinor ASA · EQNR

8.2%
6.8%
7.2%
4.7%
4.7%
6.9%
7.0%
12%
10%
10%
9.9%
12%
12%
13%
10%
14%
13%
16%
11%

ExxonMobil Holdings Corporation · XOM

4.0%
5.0%
4.5%
3.4%
4.6%
6.2%
6.5%
6.6%
5.6%
7.6%
6.3%
6.9%
7.0%
8.4%
7.3%
7.9%
11%
9.3%
7.8%

Imperial Oil Limited · IMO

2.7%
3.4%
2.4%
1.9%
2.6%
3.4%
3.6%
4.2%
2.8%
3.6%
4.1%
3.5%
3.7%
3.4%
3.2%
4.2%
4.2%
5.6%
3.8%

National Fuel Gas Company · NFG

67%
39%
29%
35%
50%
35%
37%
54%
76%
47%
37%
48%
66%
44%
27%
36%
61%
43%
26%

Shell plc · SHEL

7.7%
7.3%
5.0%
6.7%
5.5%
6.3%
7.1%
6.2%
6.9%
8.8%
5.5%
6.0%
6.6%
9.8%
5.4%
8.2%
6.7%
8.2%
5.4%

Suncor Energy Inc. · SU

12%
11%
7.7%
8.2%
9.5%
9.6%
9.5%
14%
13%
12%
11%
16%
12%
13%
9.3%
14%
12%
13%
7.7%

TotalEnergies SE · TTE

5.5%
8.2%
5.4%
7.3%
4.6%
7.5%
8.5%
7.5%
7.0%
9.3%
6.6%
7.5%
8.7%
7.8%
8.8%
11%
8.7%
9.0%
9.3%

YPF Sociedad Anónima · YPF

20%
20%
21%
17%
21%
26%
28%
30%
31%
32%
27%
22%
Annual capital allocation · 5-year view
13/13 capacity base · 13/13 OCF · 13/13 CAPEX · 13/13 FCF

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 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

$112.9B
$106.0B
$104.7B
$100.2B
$98.6B

Cenovus Energy Inc. · CVE

$36.2B
$38.3B
$38.9B
$40.5B
$47.4B

Chevron Corporation · CVX

$147.0B
$143.6B
$153.6B
$147.8B
$219.7B

Eni S.p.A. · E

$61.1B
$60.8B
$61.1B
$65.7B
$55.7B

Equinor ASA · EQNR

$62.1B
$56.5B
$58.8B
$55.6B
$61.2B

Shell plc · SHEL

$194.9B
$198.6B
$194.8B
$185.2B
$185.1B

Suncor Energy Inc. · SU

$65.5B
$62.7B
$67.7B
$68.5B
$68.4B

TotalEnergies SE · TTE

$106.6B
$107.1B
$108.9B
$109.1B
$114.7B

Operating cash flow · fiscal-year history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

$23.6B
$40.9B
$32.0B
$27.3B
$24.5B

Chevron Corporation · CVX

$29.2B
$49.6B
$35.6B
$31.5B
$33.9B

Eni S.p.A. · E

$12.9B
$17.5B
$15.1B
$13.1B
$13.3B

Equinor ASA · EQNR

$28.8B
$35.1B
$29.3B
$19.5B
$20.0B

Shell plc · SHEL

$45.1B
$68.4B
$54.2B
$54.7B
$42.9B

Suncor Energy Inc. · SU

$11.8B
$15.7B
$12.3B
$16.0B
$12.8B

TotalEnergies SE · TTE

$30.4B
$47.4B
$40.7B
$30.9B
$27.3B

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

$10.9B
$12.1B
$14.3B
$15.3B
$13.2B

Chevron Corporation · CVX

$8.1B
$12.0B
$15.8B
$16.4B
$17.3B

Eni S.p.A. · E

$5.0B
$7.7B
$8.7B
$8.0B
$8.7B

Equinor ASA · EQNR

$8.0B
$8.8B
$10.6B
$12.2B
$14.0B

Shell plc · SHEL

$19.0B
$22.6B
$23.0B
$19.6B
$18.9B

TotalEnergies SE · TTE

$12.3B
$15.7B
$17.7B
$14.9B
$17.0B

Free cash flow · fiscal-year history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

$12.7B
$28.9B
$17.8B
$12.0B
$11.3B

Chevron Corporation · CVX

$21.1B
$37.6B
$19.8B
$15.0B
$16.6B

Eni S.p.A. · E

$7.9B
$9.8B
$6.4B
$5.1B
$4.6B

Equinor ASA · EQNR

$20.8B
$26.4B
$18.7B
$7.3B
$6.0B

Shell plc · SHEL

$26.1B
$45.8B
$31.2B
$35.1B
$23.9B

Suncor Energy Inc. · SU

$7.2B
$10.6B
$6.4B
$9.5B
$6.9B

TotalEnergies SE · TTE

$18.1B
$31.7B
$23.0B
$15.9B
$10.4B
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

National Fuel Gas Company has the lowest Gross debt among the 13 Oil & Gas Integrated companies compared here, at $2,426 million. Imperial Oil Limited is next at $3,993 million. Equinor ASA has the lowest Net debt at $1,145 million, so level and change sit with different companies. Its Gross debt series carries 19 reported observations across the 20-quarter window.

What the numbers say: Equinor ASA has the clearest covered balance-sheet capacity with $1,145 million and gross debt of $32,419 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderNational Fuel Gas Company · $2,426 million
Gap39.2% versus #2 · Imperial Oil Limited
Persistence0/8 recent comparable periods
Coverage12/13 companies · 229 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
1National Fuel Gas Company NFG$2.4B
2Imperial Oil Limited IMO$4.0B
3Cenovus Energy Inc. CVE$13.8B
4Suncor Energy Inc. SU$14.8B
5Equinor ASA EQNR$32.4B
Net debtlowest net debt
1Equinor ASA EQNR$1.1B
2National Fuel Gas Company NFG$2.4B
3Imperial Oil Limited IMO$3.0B
4Cenovus Energy Inc. CVE$11.2B
5Suncor Energy Inc. SU$11.5B
Debt and balance-sheet capacity · company comparison
12/13 level · 12/13 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.

CompanyGross debtNet debtReported
YPF Sociedad Anónima YPF$14.8T$14.8TMar 2026
Shell plc SHEL$75.6B$52.5BMar 2026
BP p.l.c. BP$74.2B$38.4BMar 2026
TotalEnergies SE TTE$64.0B$34.1BMar 2026
ExxonMobil Holdings Corporation XOM$47.7B$39.2BMar 2026
Chevron Corporation CVX$45.4B$40.1BMar 2026
Eni S.p.A. E$36.6B$16.6BMar 2026
Equinor ASA EQNR$32.4B$1.1BJun 2026
Suncor Energy Inc. SU$14.8B$11.5BMar 2026
Cenovus Energy Inc. CVE$13.8B$11.2BMar 2026
Imperial Oil Limited IMO$4.0B$3.0BMar 2026
National Fuel Gas Company NFG$2.4B$2.4BMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

BP p.l.c. · BP

$71.8B
$69.8B
$69.1B
$60.9B
$54.5B
$55.5B
$57.2B
$60.7B
$59.7B
$63.1B
$64.1B
$65.7B
$68.5B
$71.5B
$71.1B
$75.0B
$74.8B
$72.5B
$74.2B

Cenovus Energy Inc. · CVE

$16.1B
$15.4B
$14.7B
$14.1B
$11.6B
$11.6B
$11.5B
$11.3B
$10.0B
$9.9B
$9.8B
$10.0B
$9.9B
$10.6B
$10.8B
$10.5B
$10.0B
$14.2B
$13.8B

Chevron Corporation · CVX

$37.3B
$31.4B
$29.3B
$26.2B
$23.6B
$23.3B
$23.2B
$21.5B
$20.6B
$20.8B
$21.8B
$23.2B
$25.8B
$24.5B
$29.7B
$29.5B
$41.5B
$40.8B
$45.4B

Eni S.p.A. · E

$31.4B
$33.1B
$35.3B
$32.6B
$32.4B
$31.9B
$31.8B
$33.5B
$32.0B
$34.1B
$36.4B
$37.1B
$35.3B
$36.8B
$35.8B
$34.9B
$34.7B
$34.2B
$36.6B

Equinor ASA · EQNR

$34.6B
$36.2B
$0M
$33.3B
$32.0B
$32.2B
$31.1B
$30.6B
$29.8B
$31.8B
$28.9B
$32.6B
$29.6B
$30.1B
$29.8B
$34.3B
$31.0B
$31.2B
$31.9B
$32.4B

ExxonMobil Holdings Corporation · XOM

$56.6B
$47.7B
$47.5B
$46.9B
$45.4B
$41.2B
$41.4B
$41.5B
$41.3B
$41.6B
$40.4B
$43.2B
$42.6B
$41.7B
$37.6B
$39.0B
$42.0B
$43.5B
$47.7B

Imperial Oil Limited · IMO

$5.2B
$5.2B
$5.2B
$5.2B
$4.2B
$4.2B
$4.1B
$4.1B
$4.1B
$4.1B
$4.1B
$4.1B
$4.1B
$4.0B
$4.0B
$4.0B
$4.0B
$4.0B
$4.0B

National Fuel Gas Company · NFG

$2.8B
$2.8B
$2.8B
$3.0B
$2.7B
$2.7B
$2.5B
$2.5B
$2.7B
$2.7B
$2.7B
$2.7B
$2.8B
$2.9B
$2.9B
$2.7B
$2.8B
$2.8B
$2.4B

Shell plc · SHEL

$95.4B
$89.1B
$86.0B
$83.7B
$82.0B
$83.8B
$85.1B
$84.4B
$82.1B
$81.5B
$79.9B
$75.5B
$76.6B
$77.1B
$76.5B
$75.7B
$74.0B
$75.6B
$75.6B

Suncor Energy Inc. · SU

$19.0B
$18.4B
$18.0B
$17.4B
$19.2B
$15.6B
$16.8B
$17.0B
$15.4B
$15.4B
$15.9B
$15.6B
$15.0B
$14.7B
$14.8B
$14.3B
$14.5B
$14.5B
$14.8B

TotalEnergies SE · TTE

$67.3B
$64.5B
$64.8B
$62.9B
$61.8B
$60.8B
$60.8B
$56.0B
$57.9B
$50.1B
$56.0B
$53.8B
$59.6B
$53.6B
$59.0B
$62.2B
$63.4B
$61.0B
$64.0B

YPF Sociedad Anónima · YPF

$787.0B
$813.4B
$860.8B
$954.8B
$1.1T
$1.3T
$1.7T
$2.1T
$3.0T
$7.2T
$8.1T
$8.6T
$9.0T
$10.0T
$11.0T
$12.7T
$15.5T
$16.2T
$14.8T

Net debt · reported quarter history

BP p.l.c. · BP

$41.0B
$38.8B
$34.6B
$27.7B
$24.9B
$25.7B
$26.3B
$31.1B
$28.8B
$29.2B
$31.9B
$30.1B
$33.7B
$32.2B
$37.1B
$39.7B
$39.8B
$35.8B
$38.4B

Cenovus Energy Inc. · CVE

$14.1B
$12.5B
$11.3B
$10.4B
$8.1B
$7.1B
$9.4B
$9.1B
$8.7B
$7.7B
$7.4B
$6.9B
$6.8B
$7.5B
$8.0B
$7.9B
$8.1B
$11.5B
$11.2B

Chevron Corporation · CVX

$31.3B
$25.7B
$17.6B
$13.9B
$8.2B
$5.4B
$7.4B
$11.9B
$14.6B
$12.6B
$15.6B
$19.2B
$21.1B
$17.8B
$25.0B
$25.4B
$33.8B
$34.5B
$40.1B

Eni S.p.A. · E

$16.6B
$14.3B
$13.9B
$12.7B
$11.5B
$12.0B
$12.6B
$12.9B
$13.5B
$16.2B
$19.6B
$19.0B
$18.4B
$20.8B
$19.1B
$18.3B
$18.4B
$15.4B
$16.6B

Equinor ASA · EQNR

$17.3B
$18.8B
$-3.3B
$9.9B
$6.1B
$13.9B
$10.4B
$8.1B
$11.9B
$-10.5B
$15.8B
$20.4B
$17.9B
$8.9B
$-867M
$10.5B
$8.6B
$11.9B
$4.2B
$1.1B

ExxonMobil Holdings Corporation · XOM

$51.8B
$40.9B
$36.5B
$28.0B
$15.0B
$11.6B
$8.8B
$12.0B
$8.3B
$10.0B
$7.1B
$16.7B
$15.6B
$18.7B
$20.5B
$24.6B
$28.2B
$32.9B
$39.2B

Imperial Oil Limited · IMO

$3.3B
$3.0B
$2.0B
$2.3B
$584M
$406M
$1.9B
$1.8B
$1.4B
$3.3B
$3.0B
$2.1B
$2.6B
$3.0B
$2.2B
$1.6B
$2.1B
$2.9B
$3.0B

National Fuel Gas Company · NFG

$2.8B
$2.7B
$2.8B
$2.6B
$2.6B
$2.5B
$2.4B
$2.5B
$2.6B
$2.6B
$2.6B
$2.6B
$2.7B
$2.8B
$2.9B
$2.7B
$2.8B
$2.5B
$2.4B

Shell plc · SHEL

$57.3B
$52.1B
$47.7B
$44.8B
$46.0B
$43.5B
$43.1B
$39.3B
$39.1B
$42.8B
$40.0B
$37.3B
$34.4B
$38.0B
$40.9B
$43.0B
$40.9B
$45.4B
$52.5B

Suncor Energy Inc. · SU

$16.7B
$16.1B
$15.4B
$15.7B
$14.6B
$13.6B
$15.7B
$14.4B
$13.0B
$13.7B
$13.5B
$13.2B
$12.0B
$11.2B
$12.0B
$12.0B
$11.5B
$10.9B
$11.5B

TotalEnergies SE · TTE

$34.4B
$30.9B
$26.1B
$22.2B
$14.2B
$19.0B
$25.3B
$23.7B
$26.3B
$16.2B
$24.1B
$23.8B
$27.8B
$20.8B
$29.9B
$36.6B
$35.1B
$31.5B
$34.1B

YPF Sociedad Anónima · YPF

$786.0B
$812.3B
$859.5B
$953.5B
$1.1T
$1.3T
$1.6T
$2.1T
$3.0T
$7.2T
$8.1T
$8.6T
$9.0T
$10.0T
$11.0T
$12.7T
$15.5T
$16.2T
$14.8T
06 · compare level, then change

Return On Capital Employed

Equinor ASA has the highest ROCE among the 13 Oil & Gas Integrated companies compared here, at 12.7%. TotalEnergies SE is next at 4.9%. The same company also holds the highest ROCE change, at +7.1 percentage points. 13 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Equinor ASA leads ROCE at 12.7%, 7.8 percentage points above TotalEnergies SE. Equinor ASA has the strongest latest improvement at +7.1 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.

LeaderEquinor ASA · 12.7%
Gap159.2% versus #2 · TotalEnergies SE
Persistence4/8 recent comparable periods
Coverage13/13 companies · 248 observations

Investor read: Equinor ASA 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
1Equinor ASA EQNR13%
2TotalEnergies SE TTE4.9%
3National Fuel Gas Company NFG4.5%
4YPF Sociedad Anónima YPF4.5%
5Cenovus Energy Inc. CVE4.3%
ROCE changefastest improvers
1Equinor ASA EQNR+7.1 pp
2YPF Sociedad Anónima YPF+3.5 pp
3BP p.l.c. BP+2.0 pp
4Cenovus Energy Inc. CVE+1.7 pp
5TotalEnergies SE TTE+1.7 pp
Return on capital · company comparison
13/13 level · 13/13 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.

CompanyROCEROCE changeReported
Equinor ASA EQNR13%+7.1 ppJun 2026
TotalEnergies SE TTE4.9%+1.7 ppMar 2026
YPF Sociedad Anónima YPF4.5%+3.5 ppMar 2026
National Fuel Gas Company NFG4.5%+0.3 ppMar 2026
Cenovus Energy Inc. CVE4.3%+1.7 ppMar 2026
BP p.l.c. BP3.8%+2.0 ppMar 2026
Suncor Energy Inc. SU3.8%+0.7 ppMar 2026
Shell plc SHEL3.5%+0.5 ppMar 2026
Imperial Oil Limited IMO3.3%−1.2 ppMar 2026
ExxonMobil Holdings Corporation XOM1.4%−1.4 ppMar 2026
Chevron Corporation CVX1.3%−0.6 ppMar 2026
Eni S.p.A. E0.7%+0.2 ppMar 2026
Diversified Energy Company DEC0.0%−1.7 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

-0.6%
1.6%
-9.1%
7.0%
0.9%
8.5%
6.2%
1.7%
4.2%
0.8%
2.5%
0.8%
0.7%
-0.6%
1.8%
1.7%
1.8%
0.0%
3.8%

Cenovus Energy Inc. · CVE

3.5%
-0.6%
4.0%
7.6%
4.4%
2.2%
1.7%
2.2%
5.6%
2.0%
3.3%
3.0%
2.1%
1.6%
2.6%
1.4%
3.1%
1.9%
4.3%

Chevron Corporation · CVX

2.9%
2.3%
3.3%
5.9%
5.4%
3.7%
3.5%
2.8%
3.0%
2.4%
2.6%
2.5%
2.2%
1.1%
1.9%
1.8%
1.6%
1.5%
1.3%

Eni S.p.A. · E

3.2%
6.3%
5.7%
6.2%
6.7%
-0.4%
2.5%
1.7%
2.9%
0.8%
2.5%
1.4%
1.3%
-0.3%
0.5%
1.1%
1.3%
-0.8%
0.7%

Equinor ASA · EQNR

9.2%
13%
20%
17%
25%
15%
12%
6.7%
7.1%
7.9%
6.9%
7.4%
6.7%
8.6%
8.4%
5.6%
5.2%
5.6%
8.5%
13%

ExxonMobil Holdings Corporation · XOM

2.8%
3.0%
2.1%
7.4%
7.0%
5.8%
4.8%
3.3%
3.9%
2.7%
3.3%
3.1%
3.2%
2.2%
2.8%
2.3%
2.4%
1.6%
1.4%

Imperial Oil Limited · IMO

3.3%
3.2%
4.3%
9.1%
6.9%
6.4%
4.5%
2.4%
5.9%
4.8%
4.4%
4.1%
4.4%
4.3%
4.5%
3.3%
1.8%
1.7%
3.3%

National Fuel Gas Company · NFG

2.1%
3.3%
3.9%
2.9%
2.9%
3.8%
3.4%
2.3%
1.9%
2.9%
3.3%
-0.7%
-2.0%
1.2%
4.2%
3.0%
2.4%
3.6%
4.5%

Shell plc · SHEL

0.2%
4.0%
4.0%
7.4%
2.9%
5.6%
4.2%
1.6%
3.4%
0.4%
3.1%
2.6%
2.3%
1.6%
3.0%
2.0%
2.3%
1.9%
3.5%

Suncor Energy Inc. · SU

2.6%
2.8%
5.5%
8.2%
0.6%
5.2%
3.4%
2.6%
3.7%
2.9%
3.3%
3.2%
3.6%
2.5%
3.1%
1.9%
3.2%
2.5%
3.8%

TotalEnergies SE · TTE

3.4%
4.1%
6.1%
6.8%
6.2%
1.5%
4.5%
3.3%
5.0%
3.5%
3.8%
3.2%
2.4%
3.4%
3.2%
2.2%
2.9%
2.3%
4.9%

YPF Sociedad Anónima · YPF

2.5%
-1.1%
2.1%
4.7%
4.0%
2.7%
2.1%
0.8%
-3.6%
-12%
5.1%
4.2%
5.1%
-2.9%
1.0%
2.0%
3.0%
3.2%
4.5%

ROCE change · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

+1.5 pp
+6.9 pp
+15.3 pp
−5.3 pp
+3.3 pp
−7.7 pp
−3.7 pp
−0.9 pp
−3.5 pp
−1.4 pp
−0.7 pp
+0.9 pp
+1.1 pp
+0.6 pp
+2.0 pp

Cenovus Energy Inc. · CVE

+0.9 pp
+2.8 pp
−2.3 pp
−5.4 pp
+1.2 pp
−0.2 pp
+1.6 pp
+0.8 pp
−3.5 pp
−0.4 pp
−0.7 pp
−1.6 pp
+1.0 pp
+0.3 pp
+1.7 pp

Chevron Corporation · CVX

+2.5 pp
+1.4 pp
+0.2 pp
−3.1 pp
−2.4 pp
−1.3 pp
−0.9 pp
−0.3 pp
−0.8 pp
−1.3 pp
−0.7 pp
−0.7 pp
−0.6 pp
+0.4 pp
−0.6 pp

Eni S.p.A. · E

+3.5 pp
−6.7 pp
−3.2 pp
−4.5 pp
−3.8 pp
+1.2 pp
0.0 pp
−0.3 pp
−1.6 pp
−1.1 pp
−2.0 pp
−0.3 pp
0.0 pp
−0.5 pp
+0.2 pp

Equinor ASA · EQNR

+15.3 pp
+2.2 pp
−7.2 pp
−10.2 pp
−17.4 pp
−7.0 pp
−5.5 pp
+0.7 pp
−0.4 pp
+0.7 pp
+1.5 pp
−1.8 pp
−1.5 pp
−3.0 pp
+0.1 pp
+7.1 pp

ExxonMobil Holdings Corporation · XOM

+4.2 pp
+2.8 pp
+2.7 pp
−4.1 pp
−3.1 pp
−3.1 pp
−1.5 pp
−0.2 pp
−0.7 pp
−0.5 pp
−0.5 pp
−0.8 pp
−0.8 pp
−0.6 pp
−1.4 pp

Imperial Oil Limited · IMO

+3.6 pp
+3.2 pp
+0.2 pp
−6.7 pp
−1.0 pp
−1.6 pp
−0.1 pp
+1.7 pp
−1.5 pp
−0.5 pp
+0.1 pp
−0.8 pp
−2.6 pp
−2.6 pp
−1.2 pp

National Fuel Gas Company · NFG

+0.8 pp
+0.5 pp
−0.5 pp
−0.6 pp
−1.0 pp
−0.9 pp
−0.1 pp
−3.0 pp
−3.9 pp
−1.7 pp
+0.9 pp
+3.7 pp
+4.4 pp
+2.4 pp
+0.3 pp

Shell plc · SHEL

+2.7 pp
+1.6 pp
+0.2 pp
−5.8 pp
+0.5 pp
−5.2 pp
−1.1 pp
+1.0 pp
−1.1 pp
+1.2 pp
−0.1 pp
−0.6 pp
0.0 pp
+0.3 pp
+0.5 pp

Suncor Energy Inc. · SU

−2.0 pp
+2.4 pp
−2.1 pp
−5.6 pp
+3.1 pp
−2.3 pp
−0.1 pp
+0.6 pp
−0.1 pp
−0.4 pp
−0.2 pp
−1.3 pp
−0.4 pp
0.0 pp
+0.7 pp

TotalEnergies SE · TTE

+2.8 pp
−2.6 pp
−1.6 pp
−3.5 pp
−1.2 pp
+2.0 pp
−0.7 pp
−0.1 pp
−2.6 pp
−0.1 pp
−0.6 pp
−1.0 pp
+0.5 pp
−1.1 pp
+1.7 pp

YPF Sociedad Anónima · YPF

+1.5 pp
+3.8 pp
0.0 pp
−3.9 pp
−7.6 pp
−14.2 pp
+3.0 pp
+3.4 pp
+8.7 pp
+8.6 pp
−4.1 pp
−2.2 pp
−2.1 pp
+6.1 pp
+3.5 pp
07 · compare level, then change

Valuation Against Growth & Quality

ExxonMobil Holdings Corporation has the lowest Guarded PEG among the 13 Oil & Gas Integrated companies compared here, at 0.23×. Shell plc is next at 0.3×. Diversified Energy Company has the lowest P/E at 2.97×, so level and change sit with different companies. 9 of 13 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: ExxonMobil Holdings Corporation has the lowest comparable Guarded PEG at 0.23×, 23.3% below Shell plc. Only 9 of 13 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderExxonMobil Holdings Corporation · 0.23×
Gap23.3% versus #2 · Shell plc
Persistence0/8 recent comparable periods
Coverage9/13 companies · 24 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
1ExxonMobil Holdings Corporation XOM0.2
2Shell plc SHEL0.3
3Cenovus Energy Inc. CVE0.3
4National Fuel Gas Company NFG0.7
5TotalEnergies SE TTE1.0
P/Elowest P/E
1Diversified Energy Company DEC3.0
2Equinor ASA EQNR8.6
3National Fuel Gas Company NFG12.7
4YPF Sociedad Anónima YPF12.7
5TotalEnergies SE TTE13.5
Valuation · company comparison
9/13 level · 13/13 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.

CompanyGuarded PEGP/EReported
Eni S.p.A. E2.832.6Mar 2026
Chevron Corporation CVX1.935.9Mar 2026
Suncor Energy Inc. SU1.917.5Mar 2026
Imperial Oil Limited IMO1.331.0Mar 2026
TotalEnergies SE TTE1.013.5Mar 2026
National Fuel Gas Company NFG0.712.7Mar 2026
Cenovus Energy Inc. CVE0.314.9Mar 2026
Shell plc SHEL0.314.5Mar 2026
ExxonMobil Holdings Corporation XOM0.228.6Mar 2026
YPF Sociedad Anónima YPF0.212.7Mar 2026
Equinor ASA EQNR0.18.6Jun 2026
BP p.l.c. BP39.2Mar 2026
Diversified Energy Company DEC3.0Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Cenovus Energy Inc. · CVE

0.5
0.3

Chevron Corporation · CVX

1.9

Eni S.p.A. · E

0.1
2.8

Equinor ASA · EQNR

0.1

ExxonMobil Holdings Corporation · XOM

0.2

Imperial Oil Limited · IMO

0.4
1.5
1.3

National Fuel Gas Company · NFG

0.4
0.7

Shell plc · SHEL

0.6
0.3

Suncor Energy Inc. · SU

0.2
0.6
0.3
1.9

TotalEnergies SE · TTE

0.3
0.7
1.0
0.5
1.0

YPF Sociedad Anónima · YPF

0.2

P/E · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

14.1
11.9
4.5
5.8
4.6
6.9
11.9
14.3
33.0
212.4
145.0
59.9
1,702.5
39.2

Cenovus Energy Inc. · CVE

35.4
57.5
21.7
12.0
8.2
8.2
8.7
11.5
13.4
10.6
11.5
11.0
12.0
13.0
13.4
12.9
13.7
10.8
14.9

Chevron Corporation · CVX

19.6
14.4
15.3
9.7
8.2
9.8
8.8
10.0
12.5
13.1
14.5
15.5
16.2
14.9
19.1
18.4
21.8
23.0
35.9

Eni S.p.A. · E

26.9
7.6
5.6
3.4
2.3
3.4
3.5
5.0
9.7
11.0
13.7
12.2
17.7
16.9
18.6
18.6
18.2
20.7
32.6

Equinor ASA · EQNR

29.8
10.0
10.6
6.9
4.4
4.0
3.1
3.8
5.9
8.1
8.4
8.7
7.8
7.6
8.4
8.4
11.6
12.2
19.4
8.6

ExxonMobil Holdings Corporation · XOM

11.4
13.7
9.4
7.1
8.3
7.4
8.6
11.7
11.3
14.3
13.8
14.6
13.7
15.8
15.3
16.4
18.0
28.6

Imperial Oil Limited · IMO

52.7
13.1
12.8
7.7
6.1
5.8
5.8
7.2
9.4
8.9
10.9
9.8
10.5
9.8
11.2
11.9
16.2
18.3
31.0

National Fuel Gas Company · NFG

13.2
14.1
13.3
12.3
10.0
9.7
9.2
8.5
10.0
10.5
10.7
15.7
72.2
184.2
31.9
16.3
11.2
12.7

Shell plc · SHEL

38.4
8.4
9.8
5.5
4.3
5.0
4.8
7.4
7.6
11.5
12.4
12.9
13.6
12.4
16.9
15.9
14.7
12.3
14.5

Suncor Energy Inc. · SU

16.4
11.4
9.5
6.9
7.1
6.6
7.1
8.5
7.6
6.7
8.3
8.9
8.0
10.9
11.6
11.3
13.6
12.6
17.5

TotalEnergies SE · TTE

12.0
8.4
7.8
6.7
5.3
7.9
7.2
7.5
8.4
7.8
7.8
7.6
9.2
8.2
10.9
11.1
9.6
11.3
13.5

YPF Sociedad Anónima · YPF

8.2
54.6
6.5
0.9
1.5
1.6
2.7
4.5
8.6
8.6
7.1
9.3
12.7
08 · compare level, then change

Enterprise Value & Book Value

Equinor ASA has the lowest EV/EBITDA among the 13 Oil & Gas Integrated companies compared here, at 1.78×. Diversified Energy Company is next at 3.8×. Eni S.p.A. has the lowest P/BV at 1.46×, so level and change sit with different companies. 13 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Equinor ASA leads ev/ebitda at 1.78×; Eni S.p.A. leads p/bv at 1.46×.

LeaderEquinor ASA · 1.78×
Gap53.2% versus #2 · Diversified Energy Company
Persistence0/8 recent comparable periods
Coverage13/13 companies · 238 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
1Equinor ASA EQNR1.8
2Diversified Energy Company DEC3.8
3BP p.l.c. BP5.5
4Shell plc SHEL5.8
5TotalEnergies SE TTE5.8
P/BVlowest P/BV
1Eni S.p.A. E1.5
2Shell plc SHEL1.5
3TotalEnergies SE TTE1.6
4YPF Sociedad Anónima YPF1.6
5Diversified Energy Company DEC1.7
Enterprise and book valuation · company comparison
13/13 level · 12/13 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.

CompanyEV/EBITDAP/BVReported
Imperial Oil Limited IMO14.53.9Mar 2026
ExxonMobil Holdings Corporation XOM13.32.8Mar 2026
Chevron Corporation CVX12.32.2Mar 2026
YPF Sociedad Anónima YPF11.51.6Mar 2026
Eni S.p.A. E10.01.5Mar 2026
National Fuel Gas Company NFG7.72.3Mar 2026
Suncor Energy Inc. SU7.5Mar 2026
Cenovus Energy Inc. CVE7.42.1Mar 2026
TotalEnergies SE TTE5.81.6Mar 2026
Shell plc SHEL5.81.5Mar 2026
BP p.l.c. BP5.52.2Mar 2026
Diversified Energy Company DEC3.81.7Mar 2026
Equinor ASA EQNR1.81.8Jun 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

BP p.l.c. · BP

5.7
5.0
36.7
10.1
8.1
5.1
2.6
3.0
2.8
3.5
4.4
4.4
5.0
5.6
6.5
5.6
5.4
5.2
5.5

Cenovus Energy Inc. · CVE

6.7
5.4
5.6
4.6
3.7
4.3
2.5
1.8
1.6
4.9
5.3
4.9
4.9
4.9
4.7
4.8
5.4
5.7
7.4

Chevron Corporation · CVX

8.4
7.6
8.8
6.3
5.4
6.3
5.6
6.2
7.5
6.9
7.3
7.5
7.1
7.6
9.2
8.3
10.3
9.4
12.3

Eni S.p.A. · E

4.3
3.0
2.7
2.0
1.6
2.4
2.6
3.2
4.4
4.4
4.4
4.1
4.5
5.2
5.9
5.6
5.9
5.8
10.0

Equinor ASA · EQNR

3.0
2.4
2.0
1.7
1.3
1.4
1.3
1.6
2.6
1.8
2.3
2.5
2.3
1.8
1.7
1.9
1.9
1.9
2.9
1.8

ExxonMobil Holdings Corporation · XOM

9.3
7.0
7.6
5.9
4.8
5.4
5.1
5.6
6.9
6.4
7.8
8.5
8.3
7.8
8.5
8.0
8.7
9.1
13.3

Imperial Oil Limited · IMO

7.6
6.5
6.9
4.6
3.7
3.5
3.7
4.6
5.7
5.4
6.6
6.0
6.4
5.9
6.7
7.1
8.7
9.0
14.5

National Fuel Gas Company · NFG

7.7
8.2
8.4
7.7
7.0
6.7
6.3
6.0
6.3
6.4
6.4
7.7
13.0
14.2
15.5
11.1
9.1
7.1
7.7

Shell plc · SHEL

6.5
4.5
4.6
3.6
3.0
3.0
2.9
3.4
3.5
4.2
4.4
4.4
4.2
4.1
4.7
4.8
4.7
4.9
5.8

Suncor Energy Inc. · SU

5.4
5.0
4.8
4.0
3.1
3.1
3.3
3.6
4.3
4.4
4.9
4.9
4.5
4.5
4.9
4.7
5.3
5.4
7.5

TotalEnergies SE · TTE

5.2
4.2
3.4
2.9
2.2
2.7
3.4
3.9
4.5
3.9
4.2
4.1
4.5
3.8
4.7
4.9
4.7
5.0
5.8

YPF Sociedad Anónima · YPF

2.8
1.5
2.8
2.4
2.6
1.5
3.4
4.6
7.0
5.6
27.9
5.9
29.4
33.8
32.4
4.9
11.5

P/BV · reported quarter history

BP p.l.c. · BP

1.2
1.2
1.5
1.4
1.5
1.6
1.6
1.5
1.5
1.4
1.5
1.5
1.3
1.3
1.5
1.3
1.5
1.7
2.2

Cenovus Energy Inc. · CVE

1.1
1.3
1.7
1.8
1.5
1.8
1.6
1.6
1.9
1.4
1.7
1.7
1.4
1.3
1.2
1.1
1.5
1.4
2.1

Chevron Corporation · CVX

1.4
1.6
2.2
1.9
1.8
2.2
1.9
1.9
1.9
1.8
1.8
1.8
1.7
1.7
2.0
1.7
1.7
1.6
2.2

Diversified Energy Company · DEC

2.1
1.9
-8.2
-7.6
1.8
2.0
1.7
1.2
0.5
0.6
1.3
1.9
1.0
1.6
1.0
1.1
1.7

Eni S.p.A. · E

1.0
1.0
1.0
0.8
0.7
0.9
0.8
0.8
0.9
1.0
0.9
0.8
0.9
0.8
0.9
0.8
0.9
1.1
1.5

Equinor ASA · EQNR

2.2
2.2
2.7
2.5
2.1
1.6
1.9
2.1
1.9
1.6
1.9
1.7
1.5
1.6
1.6
1.6
1.5
2.4
1.8

ExxonMobil Holdings Corporation · XOM

1.6
1.5
2.1
2.0
1.9
2.3
2.2
2.2
2.3
1.9
2.2
1.9
1.9
1.8
2.0
1.8
1.9
1.9
2.8

Imperial Oil Limited · IMO

1.3
1.4
1.8
1.8
1.6
1.7
1.7
1.7
2.0
1.8
2.2
2.1
2.1
1.9
2.2
2.2
2.7
2.6
3.9

National Fuel Gas Company · NFG

2.7
2.8
3.4
3.0
2.7
2.3
1.8
1.6
1.6
1.5
1.5
1.6
1.9
2.0
2.6
2.6
2.7
2.1
2.3

Shell plc · SHEL

1.1
1.0
1.2
1.0
1.0
1.1
1.0
1.1
1.1
1.2
1.2
1.2
1.1
1.1
1.2
1.2
1.2
1.2
1.5

TotalEnergies SE · TTE

1.2
1.2
1.1
1.2
1.0
1.4
1.3
1.2
1.4
1.4
1.4
1.3
1.3
1.0
1.2
1.2
1.1
1.2
1.6

YPF Sociedad Anónima · YPF

0.2
0.2
0.1
0.2
0.4
0.4
0.5
0.4
0.8
0.8
0.8
0.7
1.4
1.2
1.1
0.8
1.3
1.6
09 · let price answer last

Market action

Cenovus Energy Inc. has the strongest one-year price move in Oil & Gas Integrated at +86.5%. YPF Sociedad Anónima leads on Mansfield relative strength against the S&P 500 at +20.8%. 11 of 13 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 Integrated comparison names 4 specific ways its own evidence can mislead, all listed below. All 13 companies here report on comparable dates, so no rank carries a stale marker. 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.
10 · the complete set

Which companies are included?

All 13 companies in the canonical Oil & Gas Integrated 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.

CompanyMarket valuePricePriced toLatest fundamentals
ExxonMobil Holdings Corporation XOM$634.3B$1532026-07-28Mar 2026
Chevron Corporation CVX$370.9B$1882026-07-28Mar 2026
Shell plc SHEL$239.5B$86.22026-07-28Mar 2026
TotalEnergies SE TTE$186.9B$84.22026-07-28Mar 2026
BP p.l.c. BP$108.1B$41.72026-07-28Mar 2026
Equinor ASA EQNR20/26 WEEKS$92.6B$38.32026-07-28Jun 2026
Suncor Energy Inc. SU$75.6B$63.92026-07-28Mar 2026
Eni S.p.A. E18/26 WEEKS$73.7B$50.22026-07-28Mar 2026
Imperial Oil Limited IMO$60.9B$1262026-07-28Mar 2026
Cenovus Energy Inc. CVE21/26 WEEKS$51.9B$27.72026-07-28Mar 2026
YPF Sociedad Anónima YPFAHEAD21/26 WEEKS$20.9B$49.82026-07-28Mar 2026
National Fuel Gas Company NFGLAGGING, FUNDAMENTALS UP$7.7B$81.42026-07-28Mar 2026
Diversified Energy Company DEC$885M$12.52026-07-28Mar 2026
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 13 Oil & Gas Integrated 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. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

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.
Questions investors ask · short, speakable answers

Oil & Gas Integrated company comparison FAQs

These 18 answers restate the Oil & Gas Integrated comparison above in question form. Every one is computed from the same 13 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 Integrated company is the biggest?

ExxonMobil Holdings Corporation is the largest, with trailing-twelve-month revenue of $326,008 million, ahead of Shell plc at $267,343 million. That covers 11 of 13 companies with comparable reporting through Mar 2026.

Which Oil & Gas Integrated company is growing fastest?

National Fuel Gas Company has the fastest revenue growth at 21.3% year on year, across 11 of 13 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 Integrated company has the best profit margins?

National Fuel Gas Company has the highest operating margin at 40.4%, from 12 of 13 comparable companies. YPF Sociedad Anónima shows the biggest recent improvement, at +14 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Oil & Gas Integrated company makes the most profit?

ExxonMobil Holdings Corporation earns the most, at $26,203 million of trailing-twelve-month net profit, from 11 of 13 comparable companies. National Fuel Gas Company 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 Integrated company earns the highest return on capital?

Equinor ASA leads on return on capital employed at 12.7%, across 13 of 13 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 Integrated stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — ExxonMobil Holdings Corporation screens cheapest at 0.23×. Only 9 of 13 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 Integrated company has the strongest balance sheet?

National Fuel Gas Company carries the lowest comparable gross debt at $2,426 million, from 12 of 13 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 Integrated company is investing most in new capacity?

ExxonMobil Holdings Corporation reports the largest capital spending at $6,470 million, across 13 of 13 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 Integrated sector beating the market?

Oil & Gas Integrated has outperformed S&P 500 by 17.9% over the last 52 weeks and 6.5% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 11 of 13 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Oil & Gas Integrated stock has the strongest price momentum?

YPF Sociedad Anónima 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 Integrated company scores highest for research priority?

Equinor ASA scores 65.3 out of 100 with 58.7% evidence confidence, from 22.7 points on growth and earnings, 15.6 on capital efficiency, 11.3 on valuation and 15.7 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 Integrated companies does this comparison cover, and over what period?

It compares 13 listed companies over up to 20 reported quarters of fundamentals and 5 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 Integrated sector?

The 13 Oil & Gas Integrated companies on this page carry $1,923,704 million of combined market value. ExxonMobil Holdings Corporation is the largest at $634,267 million, about 33% 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 Integrated sector's P/E ratio?

The median price-to-earnings ratio across the 13 Oil & Gas Integrated companies on this page is 14.9×, measured on the 13 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 Integrated sector performing?

11 of the 13 covered Oil & Gas Integrated companies are beating S&P 500 on Mansfield relative strength. The sector itself is 17.9% 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 Integrated stocks are listed in the US?

This comparison covers 13 listed Oil & Gas Integrated 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.

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