Sector Alpha Week of 2026-08-04
20-quarter listed-company comparison

Oil & Gas Exploration & Production Stocks

Oil & Gas Exploration & Production: Canadian Natural Resources Limited owns the largest revenue base; BKV Corporation has the fastest current growth.

01 · the industry itself · before any single company

How has Oil & Gas Exploration & Production moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 23% behind S&P 500. Earnings across its companies fell 34% on average over the last four reported quarters.

BASING · +1 joined~Price down, no fundamental support3 of 53 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 — · 36/53 >200d (+4) · 3/53 lead (+1) · EPS 19/53↑

20050020262025202420232022 562348 TRAILING 12-MONTH EPS · 100 AT THE START0100166Mar 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 · 27 reportingJun 2022 · trailing 12-month earnings per share at 141, against 100 at the start · up 200.0% on a year ago · 27 reportingSep 2022 · trailing 12-month earnings per share at 166, against 100 at the start · no comparable year yet · 28 reportingDec 2022 · trailing 12-month earnings per share at 161, against 100 at the start · up 108.9% on a year ago · 32 reportingMar 2023 · trailing 12-month earnings per share at 166, against 100 at the start · up 105.6% on a year ago · 32 reportingJun 2023 · trailing 12-month earnings per share at 139, against 100 at the start · up 28.7% on a year ago · 32 reportingSep 2023 · trailing 12-month earnings per share at 115, against 100 at the start · down 29.1% on a year ago · 32 reportingDec 2023 · trailing 12-month earnings per share at 115, against 100 at the start · down 35.1% on a year ago · 32 reportingMar 2024 · trailing 12-month earnings per share at 112, against 100 at the start · down 55.4% on a year ago · 32 reportingJun 2024 · trailing 12-month earnings per share at 112, against 100 at the start · down 43.9% on a year ago · 32 reportingSep 2024 · trailing 12-month earnings per share at 101, against 100 at the start · down 18.9% on a year ago · 33 reportingDec 2024 · trailing 12-month earnings per share at 81, against 100 at the start · down 36.0% on a year ago · 33 reportingMar 2025 · trailing 12-month earnings per share at 82, against 100 at the start · down 16.2% on a year ago · 34 reportingJun 2025 · trailing 12-month earnings per share at 69, against 100 at the start · down 21.1% on a year ago · 34 reportingSep 2025 · trailing 12-month earnings per share at 53, against 100 at the start · down 46.5% on a year ago · 34 reportingDec 2025 · trailing 12-month earnings per share at 59, against 100 at the start · down 18.6% on a year ago · 34 reportingMar 2026 · trailing 12-month earnings per share at 59, against 100 at the start · down 47.8% on a year ago · 34 reportingNot reported yet — earnings trail price by a quarter or two59 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
20050020262025202420232022 562348 TRAILING 12-MONTH EPS · 100 AT THE START0100166Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 27 reportingJun 2022 · trailing 12-month earnings per share at 141, against 100 at the start · up 200.0% on a year ago · 27 reportingSep 2022 · trailing 12-month earnings per share at 166, against 100 at the start · no comparable year yet · 28 reportingDec 2022 · trailing 12-month earnings per share at 161, against 100 at the start · up 108.9% on a year ago · 32 reportingMar 2023 · trailing 12-month earnings per share at 166, against 100 at the start · up 105.6% on a year ago · 32 reportingJun 2023 · trailing 12-month earnings per share at 139, against 100 at the start · up 28.7% on a year ago · 32 reportingSep 2023 · trailing 12-month earnings per share at 115, against 100 at the start · down 29.1% on a year ago · 32 reportingDec 2023 · trailing 12-month earnings per share at 115, against 100 at the start · down 35.1% on a year ago · 32 reportingMar 2024 · trailing 12-month earnings per share at 112, against 100 at the start · down 55.4% on a year ago · 32 reportingJun 2024 · trailing 12-month earnings per share at 112, against 100 at the start · down 43.9% on a year ago · 32 reportingSep 2024 · trailing 12-month earnings per share at 101, against 100 at the start · down 18.9% on a year ago · 33 reportingDec 2024 · trailing 12-month earnings per share at 81, against 100 at the start · down 36.0% on a year ago · 33 reportingMar 2025 · trailing 12-month earnings per share at 82, against 100 at the start · down 16.2% on a year ago · 34 reportingJun 2025 · trailing 12-month earnings per share at 69, against 100 at the start · down 21.1% on a year ago · 34 reportingSep 2025 · trailing 12-month earnings per share at 53, against 100 at the start · down 46.5% on a year ago · 34 reportingDec 2025 · trailing 12-month earnings per share at 59, against 100 at the start · down 18.6% on a year ago · 34 reportingMar 2026 · trailing 12-month earnings per share at 59, against 100 at the start · down 47.8% on a year ago · 34 reportingNot reported yet — earnings trail price by a quarter or two59No earnings on file this far back — the price series reaches further than the filings do
Oil & Gas Exploration & Production, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

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 53 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.

02 · 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 8.7% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 5.6%. 14 of 30 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Ovintiv Inc. is the strongest against the sector itself at +16.6%.

-5.6%Sector vs S&P 500 · 13 weeks
+8.7%Sector vs S&P 500 · 52 weeks
14/30Stocks leading S&P 500
16/30Stocks 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 8.7% over 52 weeks and 5.6% over 13 weeks. 14 of 30 covered companies beat the S&P 500 on Mansfield relative strength, while 16 of 30 beat the sector itself. BKV Corporation has the fastest current revenue growth at 100%, across 16 of 30 comparable companies.

Companies
30
complete canonical membership
Combined market value
$739.6B
ConocoPhillips
Revenue growing
8/16
positive TTM year-on-year growth
Beating S&P 500
14/30
positive Mansfield relative strength
Comparing 5 of 30
03 · 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%
APA Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 81.1% evidence confidence.
Magnolia Oil & Gas Corporation looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Vista Energy, S.A.B. de C.V. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1APA CorporationAPA 65.8/100Favorable setup81% evidence ASLEEP 23.0/35 Revenue -17.4% · PAT 37.2% · OPM change 15.2 pp 83% evidence 15.1/25 ROCE 6.4% · OPM 42.9% 76% evidence 14.9/20 P/E 9.9× · PEG 0.18 65% evidence 12.8/20 RS sector 10.9% · RS bench 7.5% · 1Y 78.9%2 of 12 weeks ahead 100% evidence
Exact sum: 23 + 15.1 + 14.9 + 12.8 = 65.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Ovintiv Inc.OVV 65.0/100Thin evidence · provisional58% evidence TURNING 20.9/35 Revenue — · PAT — · OPM change 1.8 pp 45% evidence 16.7/25 ROCE 15.8% · OPM 29.2% 76% evidence 9.4/20 P/E 16.1× · PEG — 15% evidence 18.0/20 RS sector 16.6% · RS bench 13.6% · 1Y 52.3%2 of 12 weeks ahead 100% evidence
Exact sum: 20.9 + 16.7 + 9.4 + 18 = 65 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3Canadian Natural Resources LimitedCNQ 59.3/100Mixed-positive evidence81% evidence ASLEEP 18.0/35 Revenue 0.7% · PAT 28.1% · OPM change -5.4 pp 83% evidence 14.0/25 ROCE 3.3% · OPM 24.7% 76% evidence 11.6/20 P/E 14.6× · PEG 0.49 65% evidence 15.7/20 RS sector 9.7% · RS bench 6.8% · 1Y 52.4%1 of 12 weeks ahead 100% evidence
Exact sum: 18 + 14 + 11.6 + 15.7 = 59.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Black Stone Minerals, L.P.BSM 58.9/100Mixed-positive evidence81% evidence TURNING 23.7/35 Revenue 20.9% · PAT 33.2% · OPM change -1 pp 83% evidence 11.3/25 ROCE 1.3% · OPM 28% 76% evidence 13.8/20 P/E 11.9× · PEG 0.31 65% evidence 10.1/20 RS sector -3.1% · RS bench -4.6% · 1Y 21.1%1 of 12 weeks ahead 100% evidence
Exact sum: 23.7 + 11.3 + 13.8 + 10.1 = 58.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Vista Energy, S.A.B. de C.V.VIST 56.8/100Thin evidence · provisional58% evidence ASLEEP 15.5/35 Revenue — · PAT — · OPM change -7.5 pp 45% evidence 16.0/25 ROCE 8.9% · OPM 24.9% 76% evidence 11.1/20 P/E 8.4× · PEG — 15% evidence 14.2/20 RS sector 9.9% · RS bench 6.6% · 1Y 55.9%3 of 12 weeks ahead 100% evidence
Exact sum: 15.5 + 16 + 11.1 + 14.2 = 56.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Permian Resources CorporationPR 56.4/100Mixed-positive evidence81% evidence ASLEEP 14.2/35 Revenue -1.1% · PAT -46.3% · OPM change -2.9 pp 83% evidence 13.7/25 ROCE 2.9% · OPM 33.7% 76% evidence 11.5/20 P/E 24.8× · PEG 0.38 65% evidence 17.0/20 RS sector 12.9% · RS bench 9.8% · 1Y 54.6%1 of 12 weeks ahead 100% evidence
Exact sum: 14.2 + 13.7 + 11.5 + 17 = 56.4 · Decision use: Price leads the evidence: RS versus the benchmark is 9.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
7EOG Resources, Inc.EOG 54.4/100Thin evidence · provisional58% evidence TURNING 16.9/35 Revenue — · PAT — · OPM change 4.7 pp 45% evidence 10.8/25 ROCE 0% · OPM 37.5% 76% evidence 9.7/20 P/E 14.2× · PEG — 15% evidence 17.0/20 RS sector 6.9% · RS bench 4.8% · 1Y 23.4%3 of 12 weeks ahead 100% evidence
Exact sum: 16.9 + 10.8 + 9.7 + 17 = 54.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8Texas Pacific Land CorporationTPL 54.1/100Mixed-positive evidence81% evidence ASLEEP 21.6/35 Revenue 15.4% · PAT 9.1% · OPM change 0.4 pp 83% evidence 18.7/25 ROCE 12.5% · OPM 77% 76% evidence 3.9/20 P/E 65× · PEG 6.88 65% evidence 9.9/20 RS sector -1.7% · RS bench -4.4% · 1Y 37.6%0 of 12 weeks ahead 100% evidence
Exact sum: 21.6 + 18.7 + 3.9 + 9.9 = 54.1 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
9Gulfport Energy CorporationGPOR 53.0/100Mixed-positive evidence64% evidence BASING 25.5/35 Revenue 90.8% · PAT — · OPM change 45.9 pp 62% evidence 14.1/25 ROCE 8.9% · OPM 52% 76% evidence 11.4/20 P/E 7.2× · PEG — 15% evidence 2.0/20 RS sector -24.3% · RS bench -25.4% · 1Y -6.5%0 of 12 weeks ahead 100% evidence
Exact sum: 25.5 + 14.1 + 11.4 + 2 = 53 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -24.3% and the one-year return is -6.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
10Antero Resources CorporationAR 52.6/100Thin evidence · provisional58% evidence BASING 21.2/35 Revenue — · PAT — · OPM change 17.4 pp 45% evidence 12.3/25 ROCE 3% · OPM 37.5% 76% evidence 10.8/20 P/E 10.1× · PEG — 15% evidence 8.3/20 RS sector -7.2% · RS bench -9% · 1Y 8.8%0 of 12 weeks ahead 100% evidence
Exact sum: 21.2 + 12.3 + 10.8 + 8.3 = 52.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11Baytex Energy Corp.BTE 52.5/100Thin evidence · provisional53% evidence ASLEEP 18.0/35 Revenue — · PAT — · OPM change -10.5 pp 32% evidence 11.4/25 ROCE 4.3% · OPM 12.8% 76% evidence 10.4/20 P/E 11.6× · PEG — 15% evidence 12.7/20 RS sector 11.2% · RS bench 7.9% · 1Y 106.3%3 of 12 weeks ahead 100% evidence
Exact sum: 18 + 11.4 + 10.4 + 12.7 = 52.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Range Resources CorporationRRC 51.8/100Thin evidence · provisional58% evidence BASING 20.7/35 Revenue — · PAT — · OPM change 11.9 pp 45% evidence 12.6/25 ROCE 2.8% · OPM 46.7% 76% evidence 10.7/20 P/E 10.3× · PEG — 15% evidence 7.8/20 RS sector -5.3% · RS bench -7.1% · 1Y 14.8%0 of 12 weeks ahead 100% evidence
Exact sum: 20.7 + 12.6 + 10.7 + 7.8 = 51.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Crescent Energy CompanyCRGY 50.3/100Mixed-positive evidence64% evidence ASLEEP 21.7/35 Revenue 18.3% · PAT — · OPM change 9.6 pp 62% evidence 11.4/25 ROCE 3.4% · OPM 27.7% 76% evidence 9.5/20 P/E 15.5× · PEG — 15% evidence 7.7/20 RS sector 0.9% · RS bench -1.8% · 1Y 22.2%1 of 12 weeks ahead 100% evidence
Exact sum: 21.7 + 11.4 + 9.5 + 7.7 = 50.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14SM Energy CompanySM 50.2/100Mixed-positive evidence81% evidence TURNING 11.7/35 Revenue 27.3% · PAT -84% · OPM change -52.8 pp 83% evidence 6.3/25 ROCE -2.6% · OPM -20.1% 76% evidence 13.0/20 P/E 13.1× · PEG 0.35 65% evidence 19.2/20 RS sector 12.5% · RS bench 10.1% · 1Y 18.3%5 of 12 weeks ahead 100% evidence
Exact sum: 11.7 + 6.3 + 13 + 19.2 = 50.2 · Decision use: Price leads the evidence: RS versus the benchmark is 10.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
15BKV CorporationBKV 48.4/100Mixed-negative evidence64% evidence ASLEEP 26.0/35 Revenue 100% · PAT — · OPM change 76.8 pp 62% evidence 10.6/25 ROCE 3% · OPM 19.9% 76% evidence 11.0/20 P/E 8.6× · PEG — 15% evidence 0.8/20 RS sector -19% · RS bench -20.6% · 1Y 16.8%0 of 12 weeks ahead 100% evidence
Exact sum: 26 + 10.6 + 11 + 0.8 = 48.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -19% and the one-year return is 16.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
16CNX Resources CorporationCNX 48.0/100Thin evidence · provisional58% evidence ASLEEP 16.4/35 Revenue — · PAT — · OPM change 347.8 pp 45% evidence 13.1/25 ROCE 3.4% · OPM 60.4% 76% evidence 11.5/20 P/E 5.7× · PEG — 15% evidence 7.0/20 RS sector -8.8% · RS bench -10.4% · 1Y 22.8%0 of 12 weeks ahead 100% evidence
Exact sum: 16.4 + 13.1 + 11.5 + 7 = 48 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17Chord Energy CorporationCHRD 47.7/100Mixed-negative evidence71% evidence ASLEEP 11.3/35 Revenue -1% · PAT -89.1% · OPM change -7.8 pp 83% evidence 11.8/25 ROCE 2.9% · OPM 20% 76% evidence 8.6/20 P/E 125.3× · PEG — 15% evidence 16.0/20 RS sector 11.8% · RS bench 9.1% · 1Y 35.5%2 of 12 weeks ahead 100% evidence
Exact sum: 11.3 + 11.8 + 8.6 + 16 = 47.7 · Decision use: Price leads the evidence: RS versus the benchmark is 9.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
18ConocoPhillipsCOP 47.2/100Thin evidence · provisional58% evidence ASLEEP 15.1/35 Revenue — · PAT — · OPM change -4.2 pp 45% evidence 9.8/25 ROCE 0% · OPM 20.7% 76% evidence 9.1/20 P/E 23.9× · PEG — 15% evidence 13.2/20 RS sector 2.6% · RS bench 0.3% · 1Y 25.6%0 of 12 weeks ahead 100% evidence
Exact sum: 15.1 + 9.8 + 9.1 + 13.2 = 47.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
19Magnolia Oil & Gas CorporationMGY 46.8/100Mixed-negative evidence81% evidence BASING 14.8/35 Revenue -1.9% · PAT -18.7% · OPM change -3.2 pp 83% evidence 15.7/25 ROCE 4.9% · OPM 35.6% 76% evidence 14.0/20 P/E 18.4× · PEG 0.1 65% evidence 2.3/20 RS sector -12.3% · RS bench -14.1% · 1Y 4.6%0 of 12 weeks ahead 100% evidence
Exact sum: 14.8 + 15.7 + 14 + 2.3 = 46.8 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
20Occidental Petroleum CorporationOXY 45.3/100Thin evidence · provisional58% evidence ASLEEP 14.5/35 Revenue — · PAT — · OPM change -10.5 pp 45% evidence 7.7/25 ROCE 0% · OPM 13.4% 76% evidence 10.1/20 P/E 13× · PEG — 15% evidence 13.0/20 RS sector 2.3% · RS bench -0.1% · 1Y 24.3%1 of 12 weeks ahead 100% evidence
Exact sum: 14.5 + 7.7 + 10.1 + 13 = 45.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
21Murphy Oil CorporationMUR 45.1/100Mixed-negative evidence71% evidence ASLEEP 12.9/35 Revenue -5.1% · PAT -74.8% · OPM change -2.5 pp 83% evidence 10.3/25 ROCE 1.6% · OPM 18.9% 76% evidence 8.7/20 P/E 69.9× · PEG — 15% evidence 13.2/20 RS sector 6.2% · RS bench 3.8% · 1Y 64.9%0 of 12 weeks ahead 100% evidence
Exact sum: 12.9 + 10.3 + 8.7 + 13.2 = 45.1 · Decision use: Price leads the evidence: RS versus the benchmark is 3.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
22Expand Energy CorporationEXE 44.7/100Thin evidence · provisional58% evidence BASING 16.5/35 Revenue — · PAT — · OPM change 47 pp 45% evidence 10.7/25 ROCE 2.6% · OPM 34.8% 76% evidence 11.3/20 P/E 7.9× · PEG — 15% evidence 6.2/20 RS sector -17.4% · RS bench -18.3% · 1Y -6.1%0 of 12 weeks ahead 100% evidence
Exact sum: 16.5 + 10.7 + 11.3 + 6.2 = 44.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
23Diamondback Energy, Inc.FANG 44.6/100Mixed-negative evidence81% evidence ASLEEP 10.8/35 Revenue 18.1% · PAT -95.4% · OPM change -38.6 pp 83% evidence 7.7/25 ROCE 0.2% · OPM 2.7% 76% evidence 13.3/20 P/E 230× · PEG 0.1 65% evidence 12.8/20 RS sector 4.7% · RS bench 2.4% · 1Y 35.1%1 of 12 weeks ahead 100% evidence
Exact sum: 10.8 + 7.7 + 13.3 + 12.8 = 44.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
24EQT CorporationEQT 43.0/100Thin evidence · provisional58% evidence BASING 17.4/35 Revenue — · PAT — · OPM change 31.8 pp 45% evidence 10.6/25 ROCE 1% · OPM 60.3% 76% evidence 10.2/20 P/E 12.3× · PEG — 15% evidence 4.8/20 RS sector -13.7% · RS bench -15.1% · 1Y 2.9%0 of 12 weeks ahead 100% evidence
Exact sum: 17.4 + 10.6 + 10.2 + 4.8 = 43 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
25Comstock Resources, Inc.CRK 42.4/100Thin evidence · provisional58% evidence BASING 17.6/35 Revenue — · PAT — · OPM change 5.2 pp 45% evidence 8.0/25 ROCE 0.4% · OPM 29.8% 76% evidence 11.2/20 P/E 8.4× · PEG — 15% evidence 5.6/20 RS sector -35.4% · RS bench -36.1% · 1Y -16.6%0 of 12 weeks ahead 100% evidence
Exact sum: 17.6 + 8 + 11.2 + 5.6 = 42.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
26Devon Energy CorporationDVN 39.2/100Mixed-negative evidence71% evidence ASLEEP 12.3/35 Revenue -1.5% · PAT -19.4% · OPM change -9.8 pp 83% evidence 9.8/25 ROCE 1.1% · OPM 7.7% 76% evidence 9.8/20 P/E 14× · PEG — 15% evidence 7.3/20 RS sector -0.3% · RS bench -2.7% · 1Y 32.4%0 of 12 weeks ahead 100% evidence
Exact sum: 12.3 + 9.8 + 9.8 + 7.3 = 39.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
27Talos Energy Inc.TALO 35.0/100Thin evidence · provisional56% evidence ASLEEP 12.1/35 Revenue — · PAT — · OPM change -33.8 pp 39% evidence 3.6/25 ROCE -2.4% · OPM -25.3% 76% evidence 8.8/20 P/E 69.4× · PEG — 15% evidence 10.5/20 RS sector 6% · RS bench 3.1% · 1Y 82.5%3 of 12 weeks ahead 100% evidence
Exact sum: 12.1 + 3.6 + 8.8 + 10.5 = 35 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
28Matador Resources CompanyMTDR 31.2/100Adverse evidence81% evidence BASING 9.4/35 Revenue -2.9% · PAT -42.9% · OPM change -33.7 pp 83% evidence 8.3/25 ROCE 0.5% · OPM 5% 76% evidence 10.3/20 P/E 16.2× · PEG 0.9 65% evidence 3.2/20 RS sector -9.3% · RS bench -11.4% · 1Y 4.9%0 of 12 weeks ahead 100% evidence
Exact sum: 9.4 + 8.3 + 10.3 + 3.2 = 31.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
29California Resources CorporationCRC 21.8/100Adverse evidence71% evidence BASING 4.1/35 Revenue -21.3% · PAT -192.4% · OPM change -617.9 pp 83% evidence 4.7/25 ROCE -12.3% · OPM -597.5% 76% evidence 10.6/20 P/E 10.8× · PEG — 15% evidence 2.4/20 RS sector -11.2% · RS bench -13.2% · 1Y 10.4%0 of 12 weeks ahead 100% evidence
Exact sum: 4.1 + 4.7 + 10.6 + 2.4 = 21.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
30Woodside Energy Group LtdWDS 53.4/100Thin evidence · provisional32% evidence ASLEEP 17.6/35 Revenue — · PAT — · OPM change — 9% evidence 10.8/25 ROCE 1.8% · OPM — 46% evidence 10.5/20 P/E 11× · PEG — 15% evidence 14.5/20 RS sector 8.5% · RS bench 5.7% · 1Y 28.7%1 of 12 weeks ahead 70% evidence
Exact sum: 17.6 + 10.8 + 10.5 + 14.5 = 53.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
Showing 10 of 30 companies
04 · what price has already done

Market action

Baytex Energy Corp. has the strongest one-year price move in Oil & Gas Exploration & Production at +106.3%. Ovintiv Inc. leads on Mansfield relative strength against the S&P 500 at +13.6%. 14 of 30 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · 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
Coverage16/30 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.
Revenue · company comparison
16/30 level · 16/30 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
ConocoPhillips COP$15.8B-4.6%Jun 2026
Canadian Natural Resources Limited CNQ$10.8B-1.2%Mar 2026
EOG Resources, Inc. EOG$6.9B22%Jun 2026
Woodside Energy Group Ltd WDS$6.4B-11%Dec 2025
Occidental Petroleum Corporation OXY$5.1B-11%Jun 2026
Expand Energy Corporation EXE$4.4B100%Jun 2026
Diamondback Energy, Inc. FANG$4.2B4.7%Mar 2026
Devon Energy Corporation DVN$3.8B-14%Mar 2026
EQT Corporation EQT$3.4B94%Jun 2026
Ovintiv Inc. OVV$2.6B8.5%Jun 2026
APA Corporation APA$2.3B-12%Mar 2026
Antero Resources Corporation AR$1.9B44%Jun 2026
Chord Energy Corporation CHRD$1.7B37%Mar 2026
SM Energy Company SM$1.5B75%Mar 2026
Permian Resources Corporation PR$1.4B0.9%Mar 2026
Crescent Energy Company CRGY$1.2B25%Mar 2026
Range Resources Corporation RRC$1.1B26%Jun 2026
Matador Resources Company MTDR$942M-6.4%Mar 2026
Vista Energy, S.A.B. de C.V. VIST$865M97%Jun 2026
CNX Resources Corporation CNX$787M860%Jun 2026
Murphy Oil Corporation MUR$732M8.8%Mar 2026
Comstock Resources, Inc. CRK$587M14%Jun 2026
Talos Energy Inc. TALO$472M-8.0%Mar 2026
Gulfport Energy Corporation GPOR$438M122%Mar 2026
BKV Corporation BKV$433M146%Mar 2026
Baytex Energy Corp. BTE$401M1.5%Jun 2026
Magnolia Oil & Gas Corporation MGY$359M2.6%Mar 2026
Texas Pacific Land Corporation TPL$237M21%Mar 2026
California Resources Corporation CRC$119M-87%Mar 2026
Black Stone Minerals, L.P. BSM$59M0.0%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter 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.

Canadian Natural Resources Limited · CNQ

$7.7B
$9.2B
$10.7B
$11.5B
$10.5B
$9.7B
$8.6B
$7.9B
$9.9B
$9.6B
$8.2B
$9.1B
$8.9B
$9.5B
$10.9B
$8.7B
$9.5B
$9.6B
$10.8B

ConocoPhillips · COP

$11.3B
$15.1B
$17.8B
$21.2B
$21.0B
$18.6B
$14.8B
$12.4B
$14.3B
$14.7B
$13.8B
$13.6B
$13.0B
$14.2B
$16.5B
$14.0B
$15.0B
$13.4B
$15.8B

Devon Energy Corporation · DVN

$3.5B
$4.3B
$3.8B
$5.6B
$5.4B
$4.3B
$3.8B
$3.5B
$3.8B
$4.1B
$3.6B
$3.9B
$4.0B
$4.4B
$4.5B
$4.3B
$4.3B
$4.1B
$3.8B

Diamondback Energy, Inc. · FANG

$1.9B
$2.0B
$2.4B
$2.8B
$2.4B
$2.0B
$1.9B
$1.9B
$2.3B
$2.2B
$2.2B
$2.5B
$2.6B
$3.7B
$4.0B
$3.7B
$3.9B
$3.4B
$4.2B

EOG Resources, Inc. · EOG

$4.8B
$6.0B
$4.0B
$7.4B
$7.6B
$6.7B
$6.0B
$5.6B
$6.2B
$6.4B
$6.1B
$6.0B
$6.0B
$5.6B
$5.7B
$5.5B
$5.8B
$5.6B
$6.9B

EQT Corporation · EQT

$-1.5B
$3.8B
$-579M
$2.5B
$2.1B
$3.5B
$2.7B
$1.0B
$1.2B
$2.0B
$1.4B
$953M
$1.3B
$1.6B
$1.7B
$2.6B
$2.0B
$2.4B
$3.4B

Expand Energy Corporation · EXE

$935M
$3.5B
$3.2B
$4.1B
$3.4B
$1.9B
$1.5B
$1.9B
$1.1B
$505M
$648M
$2.0B
$2.2B
$3.7B
$3.0B
$3.3B
$4.4B

Occidental Petroleum Corporation · OXY

$6.8B
$8.0B
$8.5B
$10.7B
$9.5B
$8.3B
$7.3B
$6.7B
$7.4B
$7.5B
$6.0B
$6.9B
$7.2B
$6.8B
$5.7B
$6.5B
$6.7B
$2.1B
$5.1B

Ovintiv Inc. · OVV

$2.7B
$3.0B
$3.4B
$4.0B
$3.6B
$3.2B
$2.6B
$2.4B
$2.9B
$2.8B
$2.4B
$2.2B
$2.2B
$2.2B
$2.4B
$2.2B
$2.0B
$2.1B
$2.6B

Permian Resources Corporation · PR

$289M
$316M
$347M
$473M
$550M
$762M
$616M
$623M
$759M
$1.1B
$1.2B
$1.2B
$1.2B
$1.3B
$1.4B
$1.2B
$1.3B
$1.2B
$1.4B

Texas Pacific Land Corporation · TPL

$124M
$147M
$147M
$176M
$191M
$153M
$146M
$161M
$158M
$167M
$174M
$172M
$174M
$186M
$196M
$188M
$203M
$212M
$237M

Woodside Energy Group Ltd · WDS

$4.5B
$5.8B
$11.0B
$7.4B
$6.6B
$6.0B
$7.2B
$6.6B
$6.4B

Revenue growth · reported quarter 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.

Canadian Natural Resources Limited · CNQ

76%
36%
5.2%
-19%
-31%
-5.4%
-1.4%
-4.5%
15%
-10%
-0.9%
33%
-3.9%
7.0%
1.5%
-1.2%

ConocoPhillips · COP

121%
86%
23%
-17%
-42%
-32%
-21%
-6.5%
10%
-8.5%
-3.4%
19%
2.8%
15%
-5.9%
-4.6%

Devon Energy Corporation · DVN

133%
57%
0.6%
0.3%
-39%
-29%
-3.6%
-5.9%
13%
4.9%
6.2%
24%
9.4%
7.6%
-6.4%
-14%

Diamondback Energy, Inc. · FANG

65%
28%
0.4%
-20%
-31%
-4.0%
9.8%
16%
29%
13%
67%
82%
48%
48%
-9.0%
4.7%

EOG Resources, Inc. · EOG

79%
59%
11%
52%
-25%
-18%
-5.4%
1.3%
8.1%
-4.0%
-12%
-7.4%
-9.1%
-2.0%
1.0%
22%

EQT Corporation · EQT

-9.4%
-60%
-43%
-41%
-47%
-6.5%
8.3%
-20%
23%
168%
53%
47%
94%

Expand Energy Corporation · EXE

6.3%
260%
-46%
-52%
-53%
-68%
-73%
-57%
2.7%
103%
631%
358%
64%
100%

Occidental Petroleum Corporation · OXY

79%
39%
4.0%
-15%
-37%
-22%
-9.6%
-17%
2.2%
-3.3%
-9.2%
-4.5%
-6.2%
-6.1%
-70%
-11%

Ovintiv Inc. · OVV

62%
34%
5.7%
-24%
-41%
-20%
-12%
-7.9%
-6.8%
-25%
-22%
-0.5%
1.0%
-7.3%
-6.0%
8.5%

Permian Resources Corporation · PR

103%
90%
141%
78%
32%
38%
47%
102%
100%
60%
15%
11%
-3.9%
8.7%
-9.8%
0.9%

Texas Pacific Land Corporation · TPL

83%
54%
4.1%
-0.7%
-8.5%
-17%
9.2%
19%
6.8%
10%
11%
13%
9.3%
17%
14%
21%

Woodside Energy Group Ltd · WDS

163%
132%
147%
27%
-40%
-19%
9.1%
10%
-11%
06 · compare level, then change

Operating Economics & Margin Trend

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.
Operating margin · company comparison
29/30 level · 29/30 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Texas Pacific Land Corporation TPL77%+0.4 ppMar 2026
CNX Resources Corporation CNX60%+347.8 ppJun 2026
EQT Corporation EQT60%+31.8 ppJun 2026
Gulfport Energy Corporation GPOR52%+45.9 ppMar 2026
Range Resources Corporation RRC47%+11.9 ppJun 2026
APA Corporation APA43%+15.2 ppMar 2026
EOG Resources, Inc. EOG38%+4.7 ppJun 2026
Antero Resources Corporation AR38%+17.4 ppJun 2026
Magnolia Oil & Gas Corporation MGY36%−3.2 ppMar 2026
Expand Energy Corporation EXE35%+47.0 ppJun 2026
Permian Resources Corporation PR34%−2.9 ppMar 2026
Comstock Resources, Inc. CRK30%+5.2 ppJun 2026
Ovintiv Inc. OVV29%+1.8 ppJun 2026
Black Stone Minerals, L.P. BSM28%−1.0 ppMar 2026
Crescent Energy Company CRGY28%+9.6 ppMar 2026
Vista Energy, S.A.B. de C.V. VIST25%−7.5 ppJun 2026
Canadian Natural Resources Limited CNQ25%−5.4 ppMar 2026
ConocoPhillips COP21%−4.2 ppJun 2026
Chord Energy Corporation CHRD20%−7.8 ppMar 2026
BKV Corporation BKV20%+76.8 ppMar 2026
Murphy Oil Corporation MUR19%−2.5 ppMar 2026
Occidental Petroleum Corporation OXY13%−10.5 ppJun 2026
Baytex Energy Corp. BTE13%−10.5 ppJun 2026
Devon Energy Corporation DVN7.7%−9.8 ppMar 2026
Matador Resources Company MTDR5.0%−33.7 ppMar 2026
Diamondback Energy, Inc. FANG2.7%−38.6 ppMar 2026
SM Energy Company SM-20%−52.8 ppMar 2026
Talos Energy Inc. TALO-25%−33.8 ppMar 2026
California Resources Corporation CRC-598%−617.9 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

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.

APA Corporation · APA

36%
28%
48%
50%
44%
39%
43%
34%
40%
41%
29%
31%
-9.8%
30%
28%
30%
31%
28%
43%

Canadian Natural Resources Limited · CNQ

36%
38%
38%
44%
43%
12%
28%
21%
36%
30%
21%
28%
32%
27%
30%
24%
11%
19%
25%

ConocoPhillips · COP

31%
24%
37%
33%
33%
26%
27%
24%
26%
27%
24%
25%
22%
19%
25%
18%
18%
12%
21%

Devon Energy Corporation · DVN

30%
40%
34%
46%
46%
37%
34%
27%
30%
37%
24%
29%
30%
22%
18%
23%
23%
20%
7.7%

Diamondback Energy, Inc. · FANG

61%
65%
69%
72%
66%
62%
53%
52%
57%
54%
50%
47%
27%
38%
41%
31%
32%
-82%
2.7%

EOG Resources, Inc. · EOG

31%
42%
14%
39%
48%
43%
43%
35%
41%
39%
37%
35%
35%
29%
33%
32%
31%
17%
38%

EQT Corporation · EQT

178%
64%
326%
54%
45%
67%
61%
-3.4%
1.3%
35%
13%
0.3%
-22%
48%
29%
44%
31%
43%
60%

Expand Energy Corporation · EXE

-85%
38%
32%
54%
54%
27%
5.2%
37%
3.0%
-58%
-24%
-19%
-12%
34%
24%
23%
35%

Occidental Petroleum Corporation · OXY

22%
28%
37%
45%
39%
30%
26%
20%
26%
41%
17%
24%
24%
12%
24%
15%
19%
18%
13%

Ovintiv Inc. · OVV

0.2%
47%
-5.9%
38%
38%
36%
26%
26%
16%
43%
21%
25%
24%
22%
27%
23%
21%
24%
29%

Permian Resources Corporation · PR

33%
55%
48%
60%
40%
45%
38%
31%
40%
32%
38%
37%
33%
33%
37%
25%
30%
23%
34%

Texas Pacific Land Corporation · TPL

84%
86%
84%
86%
85%
81%
72%
75%
80%
80%
78%
77%
73%
77%
77%
77%
73%
71%
77%

Margin change · reported quarter history

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.

APA Corporation · APA

+17.5 pp
+8.0 pp
+11.3 pp
−5.6 pp
−15.9 pp
−4.1 pp
+2.0 pp
−13.5 pp
−3.8 pp
−49.4 pp
−11.7 pp
−1.6 pp
−0.3 pp
+40.7 pp
−1.4 pp
+15.2 pp

Canadian Natural Resources Limited · CNQ

+19.2 pp
+6.9 pp
−25.9 pp
−9.7 pp
−22.7 pp
−7.6 pp
+17.7 pp
−7.1 pp
+7.1 pp
−3.8 pp
−2.1 pp
+8.8 pp
−4.6 pp
−20.4 pp
−8.7 pp
−5.4 pp

ConocoPhillips · COP

+5.1 pp
+2.2 pp
+1.3 pp
−10.2 pp
−8.7 pp
−6.9 pp
+1.6 pp
−2.7 pp
+0.4 pp
−4.5 pp
−8.6 pp
+0.6 pp
−6.7 pp
−4.0 pp
−6.4 pp
−4.2 pp

Devon Energy Corporation · DVN

+34.1 pp
+15.5 pp
−2.6 pp
+0.3 pp
−18.5 pp
−15.5 pp
−0.2 pp
−9.9 pp
+1.7 pp
−0.7 pp
−14.6 pp
−6.6 pp
−6.1 pp
−7.0 pp
−1.9 pp
−9.8 pp

Diamondback Energy, Inc. · FANG

+14.7 pp
+5.3 pp
−2.9 pp
−15.7 pp
−19.4 pp
−8.9 pp
−7.8 pp
−3.0 pp
−5.5 pp
−30.5 pp
−16.1 pp
−8.9 pp
−15.6 pp
+4.7 pp
−120.4 pp
−38.6 pp

EOG Resources, Inc. · EOG

+10.9 pp
+17.4 pp
+0.7 pp
+28.9 pp
−3.9 pp
−7.1 pp
−3.1 pp
−5.5 pp
+0.1 pp
−6.2 pp
−10.9 pp
−4.3 pp
−3.5 pp
−3.6 pp
−11.8 pp
+4.7 pp

EQT Corporation · EQT

−414.2 pp
−133.4 pp
+2.7 pp
−265.6 pp
−57.3 pp
−43.4 pp
−31.3 pp
−47.6 pp
+3.7 pp
−23.3 pp
+12.7 pp
+15.6 pp
+44.0 pp
+52.8 pp
−5.6 pp
+31.8 pp

Expand Energy Corporation · EXE

−117.3 pp
+138.9 pp
−10.8 pp
−26.6 pp
−16.7 pp
−51.0 pp
−85.5 pp
−29.1 pp
−56.6 pp
−15.2 pp
+92.6 pp
+48.3 pp
+42.1 pp
+47.0 pp

Occidental Petroleum Corporation · OXY

+35.0 pp
+16.2 pp
+1.2 pp
−10.9 pp
−24.1 pp
−12.5 pp
+11.1 pp
−9.3 pp
+3.5 pp
−1.8 pp
−28.5 pp
+7.4 pp
−8.6 pp
−5.5 pp
+5.5 pp
−10.5 pp

Ovintiv Inc. · OVV

+41.7 pp
+37.5 pp
−10.6 pp
+32.3 pp
−11.6 pp
−21.7 pp
+6.1 pp
−5.7 pp
−0.9 pp
+8.2 pp
−20.4 pp
+6.7 pp
−2.2 pp
−3.7 pp
+1.7 pp
+1.8 pp

Permian Resources Corporation · PR

+30.7 pp
+7.0 pp
−10.3 pp
−9.3 pp
−28.9 pp
0.0 pp
−12.2 pp
−0.6 pp
+5.8 pp
−7.9 pp
+0.5 pp
−1.1 pp
−11.7 pp
−2.9 pp
−9.7 pp
−2.9 pp

Texas Pacific Land Corporation · TPL

+11.8 pp
+1.3 pp
−4.1 pp
−12.7 pp
−11.2 pp
−4.4 pp
−1.1 pp
+6.4 pp
+2.4 pp
−7.0 pp
−3.6 pp
−1.5 pp
−0.7 pp
0.0 pp
−6.2 pp
+0.4 pp
07 · compare level, then change

Profit Scale & Acceleration

Canadian Natural Resources Limited has the highest Net profit among the 30 Oil & Gas Exploration & Production companies compared here, at $9,710 million. Devon Energy Corporation is next at $2,292 million. APA Corporation has the highest Profit growth at 37.2%, so level and change sit with different companies.

What the numbers say: Canadian Natural Resources Limited leads with $9,710 million of TTM profit, 323.6% above Devon Energy Corporation. APA Corporation shows 37.2% growth from a $1,817 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderCanadian Natural Resources Limited · $9,710 million
Gap323.6% versus #2 · Devon Energy Corporation
Persistence4/8 recent comparable periods
Coverage16/30 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 profit · company comparison
16/30 level · 13/30 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
ConocoPhillips COP$2.2B-23%Jun 2026
EOG Resources, Inc. EOG$2.0B35%Jun 2026
EQT Corporation EQT$1.6B393%Jun 2026
Woodside Energy Group Ltd WDS$1.4B-16%Dec 2025
Canadian Natural Resources Limited CNQ$1.3B-45%Mar 2026
Expand Energy Corporation EXE$1.2B-1,058%Jun 2026
Antero Resources Corporation AR$548M150%Jun 2026
APA Corporation APA$543M30%Mar 2026
CNX Resources Corporation CNX$348M206%Jun 2026
Range Resources Corporation RRC$342M253%Jun 2026
Occidental Petroleum Corporation OXY$236M-72%Jun 2026
Gulfport Energy Corporation GPOR$166M-100%Mar 2026
Diamondback Energy, Inc. FANG$144M-90%Mar 2026
Texas Pacific Land Corporation TPL$143M18%Mar 2026
Devon Energy Corporation DVN$120M-76%Mar 2026
Comstock Resources, Inc. CRK$112M-151%Jun 2026
Vista Energy, S.A.B. de C.V. VIST$108M30%Jun 2026
Magnolia Oil & Gas Corporation MGY$101M-5.6%Mar 2026
Chord Energy Corporation CHRD$80M-78%Mar 2026
Murphy Oil Corporation MUR$69M-23%Mar 2026
BKV Corporation BKV$52M500%Mar 2026
Permian Resources Corporation PR$50M-87%Mar 2026
Black Stone Minerals, L.P. BSM$13M-19%Mar 2026
Matador Resources Company MTDR$-16M-106%Mar 2026
Baytex Energy Corp. BTE$-67M-196%Jun 2026
Talos Energy Inc. TALO$-256M-209%Mar 2026
SM Energy Company SM$-335M-284%Mar 2026
Crescent Energy Company CRGY$-419M-7,083%Mar 2026
Ovintiv Inc. OVV$-630M-71%Jun 2026
California Resources Corporation CRC$-711M-718%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter 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.

Canadian Natural Resources Limited · CNQ

$2.2B
$2.5B
$3.1B
$3.5B
$2.8B
$1.5B
$1.8B
$1.5B
$2.3B
$2.6B
$987M
$1.7B
$2.3B
$1.1B
$2.5B
$2.5B
$600M
$5.3B
$1.3B

ConocoPhillips · COP

$2.4B
$2.6B
$5.8B
$5.1B
$4.5B
$3.2B
$2.9B
$2.2B
$2.8B
$3.0B
$2.6B
$2.3B
$2.1B
$2.3B
$2.8B
$2.0B
$1.7B
$1.4B
$2.2B

Devon Energy Corporation · DVN

$844M
$1.5B
$995M
$1.9B
$1.9B
$1.2B
$1.0B
$698M
$920M
$1.2B
$609M
$855M
$825M
$653M
$509M
$917M
$693M
$562M
$120M

Diamondback Energy, Inc. · FANG

$674M
$1.1B
$803M
$1.5B
$1.3B
$1.0B
$746M
$586M
$993M
$1.0B
$809M
$894M
$708M
$1.3B
$1.5B
$739M
$1.1B
$-1.8B
$144M

EOG Resources, Inc. · EOG

$1.1B
$2.0B
$390M
$2.2B
$2.9B
$2.3B
$2.0B
$1.6B
$2.0B
$2.0B
$1.8B
$1.7B
$1.7B
$1.3B
$1.5B
$1.3B
$1.5B
$701M
$2.0B

EQT Corporation · EQT

$-2.0B
$1.8B
$-1.5B
$894M
$687M
$1.7B
$1.2B
$-67M
$81M
$501M
$103M
$9M
$-297M
$427M
$315M
$857M
$407M
$746M
$1.6B

Expand Energy Corporation · EXE

$-764M
$1.2B
$883M
$3.6B
$1.4B
$391M
$70M
$569M
$26M
$-227M
$-114M
$-399M
$-249M
$968M
$547M
$553M
$1.2B

Occidental Petroleum Corporation · OXY

$830M
$1.6B
$4.9B
$3.8B
$2.7B
$1.9B
$1.3B
$860M
$1.4B
$1.2B
$706M
$1.2B
$1.1B
$-150M
$830M
$468M
$842M
$-148M
$236M

Ovintiv Inc. · OVV

$-72M
$1.4B
$-241M
$1.4B
$1.2B
$1.3B
$487M
$336M
$406M
$856M
$338M
$340M
$507M
$-60M
$-159M
$307M
$148M
$946M
$-630M

Permian Resources Corporation · PR

$37M
$161M
$16M
$192M
$344M
$199M
$220M
$149M
$98M
$413M
$230M
$309M
$457M
$255M
$391M
$245M
$81M
$382M
$50M

Texas Pacific Land Corporation · TPL

$84M
$79M
$98M
$119M
$130M
$100M
$87M
$100M
$106M
$113M
$114M
$115M
$107M
$118M
$121M
$116M
$121M
$123M
$143M

Woodside Energy Group Ltd · WDS

$1.7B
$1.7B
$4.9B
$1.8B
$-44M
$2.0B
$1.7B
$1.3B
$1.4B

Profit growth · reported quarter 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.

Canadian Natural Resources Limited · CNQ

126%
28%
-40%
-42%
-58%
-17%
73%
-45%
17%
-3.3%
-57%
149%
43%
-74%
366%
-45%

ConocoPhillips · COP

146%
90%
24%
-49%
-57%
-38%
-7.5%
-13%
4.4%
-26%
-23%
12%
-15%
-16%
-37%
-23%

Devon Energy Corporation · DVN

643%
125%
-20%
0.8%
-64%
-52%
-3.6%
-39%
22%
-10%
-44%
-16%
7.3%
-16%
-14%
-76%

Diamondback Energy, Inc. · FANG

345%
88%
-2.2%
-7.1%
-60%
-22%
-1.7%
8.5%
53%
-29%
28%
84%
-17%
53%
-237%
-90%

EOG Resources, Inc. · EOG

147%
161%
15%
419%
-31%
-29%
-13%
-12%
8.8%
-18%
-37%
-18%
-20%
-12%
-44%
35%

EQT Corporation · EQT

-5.1%
-107%
-88%
-71%
-92%
-467%
-15%
206%
9,422%
75%
393%

Expand Energy Corporation · EXE

-359%
-68%
-92%
-84%
-98%
-158%
-263%
-170%
-1,058%

Occidental Petroleum Corporation · OXY

3,655%
231%
23%
-74%
-77%
-50%
-38%
-44%
36%
-17%
-113%
18%
-60%
-26%
-72%

Ovintiv Inc. · OVV

-3.5%
-75%
-66%
-36%
-31%
1.2%
25%
-107%
-147%
-9.7%
-71%

Permian Resources Corporation · PR

830%
24%
1,275%
-22%
-72%
108%
4.6%
107%
366%
-38%
70%
-21%
-82%
50%
-87%

Texas Pacific Land Corporation · TPL

109%
55%
27%
-11%
-16%
-18%
13%
31%
15%
0.9%
4.4%
6.1%
0.9%
13%
4.2%
18%

Woodside Energy Group Ltd · WDS

2,589%
391%
189%
5.2%
-101%
12%
-33%
-16%
08 · compare level, then change

Return On Capital Employed

Ovintiv Inc. has the highest ROCE among the 30 Oil & Gas Exploration & Production companies compared here, at 15.8%. Texas Pacific Land Corporation is next at 12.5%. Gulfport Energy Corporation has the highest ROCE change at +8.5 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 15.8%, 3.3 percentage points above Texas Pacific Land Corporation. Gulfport Energy Corporation has the strongest latest improvement at +8.5 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. · 15.8%
Gap26.4% versus #2 · Texas Pacific Land Corporation
Persistence1/8 recent comparable periods
Coverage30/30 companies · 579 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.
ROCE changefastest improvers
2BKV Corporation BKV+7.7 pp
4Ovintiv Inc. OVV+2.9 pp
5APA Corporation APA+1.3 pp
Return on capital · company comparison
30/30 level · 30/30 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Ovintiv Inc. OVV16%+2.9 ppJun 2026
Texas Pacific Land Corporation TPL13%+0.3 ppMar 2026
Vista Energy, S.A.B. de C.V. VIST8.9%−1.5 ppJun 2026
Gulfport Energy Corporation GPOR8.9%+8.5 ppMar 2026
APA Corporation APA6.4%+1.3 ppMar 2026
Magnolia Oil & Gas Corporation MGY4.9%−0.5 ppMar 2026
Baytex Energy Corp. BTE4.3%+3.5 ppJun 2026
CNX Resources Corporation CNX3.4%−4.5 ppJun 2026
Crescent Energy Company CRGY3.4%+1.1 ppMar 2026
Canadian Natural Resources Limited CNQ3.3%−1.3 ppMar 2026
Antero Resources Corporation AR3.0%+1.2 ppJun 2026
BKV Corporation BKV3.0%+7.7 ppMar 2026
Permian Resources Corporation PR2.9%−0.5 ppMar 2026
Chord Energy Corporation CHRD2.9%−1.1 ppMar 2026
Range Resources Corporation RRC2.8%+0.1 ppJun 2026
Expand Energy Corporation EXE2.6%−4.2 ppJun 2026
Woodside Energy Group Ltd WDS1.8%−0.2 ppDec 2025
Murphy Oil Corporation MUR1.6%0.0 ppMar 2026
Black Stone Minerals, L.P. BSM1.3%−0.1 ppMar 2026
Devon Energy Corporation DVN1.1%−2.1 ppMar 2026
EQT Corporation EQT1.0%−2.8 ppJun 2026
Matador Resources Company MTDR0.5%−4.0 ppMar 2026
Comstock Resources, Inc. CRK0.4%−1.1 ppJun 2026
Diamondback Energy, Inc. FANG0.2%−3.4 ppMar 2026
ConocoPhillips COP0.0%−2.5 ppJun 2026
EOG Resources, Inc. EOG0.0%−4.3 ppJun 2026
Occidental Petroleum Corporation OXY0.0%−1.4 ppJun 2026
Talos Energy Inc. TALO-2.4%−3.2 ppMar 2026
SM Energy Company SM-2.6%−6.6 ppMar 2026
California Resources Corporation CRC-12%−16.4 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter 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.

Canadian Natural Resources Limited · CNQ

4.0%
5.0%
5.9%
7.4%
6.6%
1.7%
3.6%
2.5%
5.2%
4.1%
2.6%
3.8%
4.2%
3.6%
4.6%
2.9%
1.5%
2.2%
3.3%

ConocoPhillips · COP

5.2%
5.4%
8.4%
8.8%
8.8%
5.9%
5.0%
3.7%
4.5%
4.8%
4.1%
4.0%
3.3%
2.7%
4.2%
2.5%
2.7%
1.5%
3.0%
0.0%

Devon Energy Corporation · DVN

8.0%
13%
7.2%
14%
13%
8.3%
6.8%
4.7%
5.7%
7.2%
4.1%
5.3%
5.0%
4.0%
3.2%
3.9%
3.6%
3.1%
1.1%

Diamondback Energy, Inc. · FANG

6.1%
6.9%
8.0%
9.4%
7.5%
5.5%
4.3%
4.2%
5.6%
4.7%
4.2%
3.9%
1.6%
3.2%
3.6%
2.2%
1.9%
-4.3%
0.2%

EOG Resources, Inc. · EOG

4.5%
7.6%
1.7%
8.9%
11%
8.1%
7.5%
5.6%
6.9%
6.6%
5.9%
5.4%
5.1%
3.9%
4.5%
4.3%
4.1%
2.1%
5.8%
0.0%

EQT Corporation · EQT

-17%
15%
-12%
8.9%
5.8%
13%
9.4%
-0.2%
0.1%
3.4%
0.8%
0.0%
-0.9%
2.6%
1.7%
3.8%
1.6%
2.7%
5.4%
1.0%

Expand Energy Corporation · EXE

0.0%
33%
-11%
9.4%
21%
17%
8.1%
0.6%
5.6%
0.2%
-2.3%
-1.2%
-2.0%
-1.4%
6.8%
3.9%
3.0%
6.1%
2.6%

Occidental Petroleum Corporation · OXY

2.2%
3.3%
4.6%
7.1%
5.6%
3.8%
2.9%
2.1%
3.0%
4.7%
1.5%
2.5%
2.5%
1.2%
2.0%
1.4%
1.7%
0.5%
0.9%
0.0%

Ovintiv Inc. · OVV

2.3%
14%
10%
25%
37%
31%
38%
24%
18%
17%
16%
16%
16%
12%
14%
13%
12%
12%
11%
16%

Permian Resources Corporation · PR

2.6%
4.7%
4.5%
7.5%
3.8%
5.9%
4.0%
3.2%
3.7%
3.4%
4.3%
4.1%
3.3%
2.9%
3.4%
2.0%
2.5%
1.7%
2.9%

Texas Pacific Land Corporation · TPL

17%
20%
18%
23%
22%
16%
13%
15%
14%
14%
13%
12%
12%
12%
12%
11%
12%
11%
13%

Woodside Energy Group Ltd · WDS

6.2%
6.2%
4.2%
4.2%
8.1%
8.1%
2.8%
2.8%
0.5%
0.5%
2.3%
2.3%
2.0%
2.0%
1.6%
1.6%
1.8%
1.8%

ROCE change · reported quarter 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.

Canadian Natural Resources Limited · CNQ

+2.6 pp
−3.3 pp
−2.3 pp
−4.9 pp
−1.4 pp
+2.4 pp
−1.0 pp
+1.3 pp
−1.0 pp
−0.5 pp
+2.0 pp
−0.9 pp
−2.7 pp
−1.4 pp
−1.3 pp

ConocoPhillips · COP

+3.6 pp
+0.5 pp
−3.4 pp
−5.1 pp
−4.3 pp
−1.1 pp
−0.9 pp
+0.3 pp
−1.2 pp
−2.1 pp
+0.1 pp
−1.5 pp
−0.6 pp
−1.2 pp
−1.2 pp
−2.5 pp

Devon Energy Corporation · DVN

+5.2 pp
−4.6 pp
−0.4 pp
−9.6 pp
−7.5 pp
−1.1 pp
−2.7 pp
+0.6 pp
−0.7 pp
−3.2 pp
−0.9 pp
−1.4 pp
−1.4 pp
−0.9 pp
−2.1 pp

Diamondback Energy, Inc. · FANG

+1.4 pp
−1.4 pp
−3.7 pp
−5.2 pp
−1.9 pp
−0.8 pp
−0.1 pp
−0.3 pp
−4.0 pp
−1.5 pp
−0.6 pp
−1.7 pp
+0.3 pp
−7.5 pp
−3.4 pp

EOG Resources, Inc. · EOG

+6.2 pp
+0.5 pp
+5.8 pp
−3.3 pp
−3.8 pp
−1.5 pp
−1.6 pp
−0.2 pp
−1.8 pp
−2.7 pp
−1.4 pp
−1.1 pp
−1.0 pp
−1.8 pp
+1.3 pp
−4.3 pp

EQT Corporation · EQT

+22.4 pp
−1.9 pp
+21.8 pp
−9.1 pp
−5.7 pp
−9.7 pp
−8.6 pp
+0.2 pp
−1.0 pp
−0.8 pp
+0.9 pp
+3.8 pp
+2.5 pp
+0.1 pp
+3.7 pp
−2.8 pp

Expand Energy Corporation · EXE

+9.4 pp
−12.3 pp
+28.0 pp
−8.8 pp
−15.3 pp
−16.7 pp
−10.4 pp
−1.8 pp
−7.6 pp
−1.6 pp
+9.1 pp
+5.1 pp
+5.0 pp
+7.5 pp
−4.2 pp

Occidental Petroleum Corporation · OXY

+3.4 pp
+0.5 pp
−1.7 pp
−5.0 pp
−2.6 pp
+0.9 pp
−1.4 pp
+0.4 pp
−0.5 pp
−3.5 pp
+0.5 pp
−1.1 pp
−0.8 pp
−0.7 pp
−1.1 pp
−1.4 pp

Ovintiv Inc. · OVV

+34.9 pp
+17.8 pp
+27.5 pp
−1.4 pp
−19.3 pp
−14.2 pp
−21.7 pp
−7.4 pp
−1.6 pp
−4.8 pp
−2.7 pp
−3.4 pp
−4.0 pp
−0.7 pp
−2.1 pp
+2.9 pp

Permian Resources Corporation · PR

+1.2 pp
+1.2 pp
−0.5 pp
−4.3 pp
−0.1 pp
−2.5 pp
+0.3 pp
+0.9 pp
−0.4 pp
−0.5 pp
−0.9 pp
−2.1 pp
−0.8 pp
−1.2 pp
−0.5 pp

Texas Pacific Land Corporation · TPL

+5.5 pp
−3.9 pp
−5.7 pp
−8.5 pp
−8.3 pp
−2.3 pp
+0.6 pp
−2.5 pp
−2.2 pp
−1.4 pp
−0.9 pp
−1.1 pp
−0.2 pp
−1.5 pp
+0.3 pp

Woodside Energy Group Ltd · WDS

+1.9 pp
+1.9 pp
−1.4 pp
−1.4 pp
−7.6 pp
−7.6 pp
−0.5 pp
−0.5 pp
+1.5 pp
+1.5 pp
−0.7 pp
−0.7 pp
−0.2 pp
−0.2 pp
09 · compare level, then change

Valuation Against Growth & Quality

Diamondback Energy, Inc. has the lowest PEG among the 30 Oil & Gas Exploration & Production companies compared here, at 0.1×. CNX Resources Corporation has the lowest P/E at 5.66×, 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 PEG at 0.1×, 0% below Magnolia Oil & Gas Corporation. Only 9 of 30 companies have earnings and growth steady enough for the ratio to mean anything, 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
Valuation · company comparison
9/30 level · 30/30 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Texas Pacific Land Corporation TPL6.965.0Mar 2026
EQT Corporation EQT1.812.3Jun 2026
EOG Resources, Inc. EOG1.714.2Jun 2026
Matador Resources Company MTDR0.916.2Mar 2026
Range Resources Corporation RRC0.810.3Jun 2026
Ovintiv Inc. OVV0.516.1Jun 2026
Canadian Natural Resources Limited CNQ0.514.6Mar 2026
Baytex Energy Corp. BTE0.411.6Jun 2026
Permian Resources Corporation PR0.424.8Mar 2026
SM Energy Company SM0.413.1Mar 2026
Black Stone Minerals, L.P. BSM0.311.9Mar 2026
ConocoPhillips COP0.323.9Jun 2026
Vista Energy, S.A.B. de C.V. VIST0.38.4Jun 2026
Occidental Petroleum Corporation OXY0.213.0Jun 2026
APA Corporation APA0.29.9Mar 2026
California Resources Corporation CRC0.110.8Mar 2026
Diamondback Energy, Inc. FANG0.1230.0Mar 2026
Magnolia Oil & Gas Corporation MGY0.118.4Mar 2026
Devon Energy Corporation DVN14.0Mar 2026
Woodside Energy Group Ltd WDS11.0Dec 2025
Expand Energy Corporation EXE7.9Jun 2026
Antero Resources Corporation AR10.1Jun 2026
Chord Energy Corporation CHRD125.3Mar 2026
Murphy Oil Corporation MUR69.9Mar 2026
CNX Resources Corporation CNX5.7Jun 2026
Comstock Resources, Inc. CRK8.4Jun 2026
Crescent Energy Company CRGY15.5Mar 2026
Gulfport Energy Corporation GPOR7.2Mar 2026
BKV Corporation BKV8.6Mar 2026
Talos Energy Inc. TALO69.4Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

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.

APA Corporation · APA

0.2
0.3
0.1
0.2

Canadian Natural Resources Limited · CNQ

1.3
1.3
2.3
0.9
0.5

ConocoPhillips · COP

0.3

Diamondback Energy, Inc. · FANG

0.1

EOG Resources, Inc. · EOG

0.2
1.7

EQT Corporation · EQT

1.8

Occidental Petroleum Corporation · OXY

0.2

Ovintiv Inc. · OVV

0.1
0.5

Permian Resources Corporation · PR

0.5
0.4
0.2
0.4

Range Resources Corporation · RRC

0.4
0.8

SM Energy Company · SM

0.2
0.4

Texas Pacific Land Corporation · TPL

0.7
1.5
4.8
3.1
4.6
10.4
7.1
6.6
6.9

P/E · reported quarter 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.

Canadian Natural Resources Limited · CNQ

9.4
8.3
9.8
7.2
6.3
7.9
8.8
11.0
13.7
11.6
15.2
13.8
12.7
15.5
12.4
10.8
14.0
9.0
14.6

ConocoPhillips · COP

20.4
11.9
10.3
7.4
7.4
8.1
7.9
10.0
13.1
12.8
14.4
12.8
13.5
12.7
13.3
12.1
13.4
14.7
22.4
23.9

Devon Energy Corporation · DVN

21.3
10.5
11.1
7.0
6.3
6.7
5.5
6.6
8.2
7.8
9.6
8.6
7.3
7.2
8.5
7.1
8.3
8.8
14.0

Diamondback Energy, Inc. · FANG

49.8
8.8
9.1
5.7
4.9
5.6
5.8
7.1
9.1
8.9
11.2
10.4
9.9
10.6
9.8
9.8
9.9
26.2
230.0

EOG Resources, Inc. · EOG

15.5
11.1
15.9
11.3
8.8
9.8
7.2
7.7
9.4
9.3
10.1
9.7
9.9
10.9
11.9
11.6
11.2
11.5
14.2

EQT Corporation · EQT

9.8
7.7
2.8
4.6
5.5
9.2
26.9
23.4
43.6
102.5
93.7
31.5
18.6
16.2
12.1
12.3

Expand Energy Corporation · EXE

8.0
8.5
4.9
2.8
1.6
2.0
2.3
4.6
12.0
27.8
50.8
299.9
30.2
14.6
8.2
7.9

Occidental Petroleum Corporation · OXY

18.4
8.6
5.8
5.1
5.1
7.2
10.0
14.2
15.3
17.8
15.5
13.4
20.3
19.9
24.6
34.2
25.5
16.4
13.0

Ovintiv Inc. · OVV

6.2
4.7
3.2
3.5
2.0
3.2
5.1
5.7
7.2
6.4
4.9
16.6
44.0
8.0
16.1

Permian Resources Corporation · PR

13.0
13.7
4.7
3.7
5.8
5.6
7.4
15.3
11.0
16.1
12.9
8.3
9.9
8.6
8.8
11.7
11.0
24.8

Texas Pacific Land Corporation · TPL

43.5
35.9
35.2
32.0
32.3
40.6
30.2
24.4
35.8
29.8
30.8
37.8
45.4
56.1
66.3
52.6
45.1
41.2
65.0

Woodside Energy Group Ltd · WDS

14.0
7.8
9.2
6.8
5.4
5.7
5.6
6.2
10.1
24.3
21.7
19.4
12.1
8.4
8.5
10.0
10.2
11.0
10 · 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.
11 · evidence and freshness

How was this comparison built?

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 2026-08-04.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-08-04 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG 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.
12 · questions investors ask, short speakable answers

Oil & Gas Exploration & Production company comparison FAQs

These 22 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 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Oil & Gas Exploration & Production sector outperforming S&P 500?

Oil & Gas Exploration & Production has outperformed S&P 500 by 8.7% over 52 weeks and 5.6% over 13 weeks. 14 of 30 covered companies beat the S&P 500 on Mansfield relative strength, while 16 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 16 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 16 of 30 comparable companies.

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

APA Corporation ranks first at 65.8/100 with 81.1% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Oil & Gas Exploration & Production company has the lowest comparable PEG?

Diamondback Energy, Inc. has the lowest comparable PEG at 0.1, among 9 of 30 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Oil & Gas Exploration & Production comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

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 16 of 30 companies with comparable reporting through Mar 2026.

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 16 of 30 comparable companies. APA Corporation has the fastest profit growth at 37.2%, 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 15.8%, 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 PEG — where a LOWER number is cheaper — Diamondback Energy, Inc. screens cheapest at 0.1×. Only 9 of 30 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Oil & Gas Exploration & Production sector beating the market?

Oil & Gas Exploration & Production has outperformed S&P 500 by 8.7% over the last 52 weeks and 5.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 14 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 65.8 out of 100 with 81.1% evidence confidence, from 23 points on growth and earnings, 15.1 on capital efficiency, 14.9 on valuation and 12.8 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, 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 $739,571 million of combined market value. ConocoPhillips is the largest at $143,686 million, about 19% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

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 13.1×, 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 2026-08-04.

How is the Oil & Gas Exploration & Production sector performing?

14 of the 30 covered Oil & Gas Exploration & Production companies are beating S&P 500 on Mansfield relative strength. The sector itself is 8.7% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

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.

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