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Industry · 30 scored · 57 listed

Oil & Gas Exploration & Production Stocks in the US

The 30 Oil & Gas Exploration & Production companies we score in the US are ConocoPhillips ($164.5B, the largest), Canadian Natural Resources Limited, EOG Resources, Inc. and 27 more. 11 of the 30 companies we score beat S&P 500 on share price over recent months. Prices are as of 4 Nov 2026.

Oil & Gas Exploration & Production: ConocoPhillips owns the largest revenue base; Vista Energy, S.A.B. de C.V. has the fastest current growth.

30Companies scored on this page, of 57 listed
$762.4BCombined market value all of them together
26/28Revenue growing revenue over the last 12 months up on a year earlier
11/30Beating S&P 500 share price doing better than the index (relative strength)
11 of 30 beat the S&P 500 on share price over recent months

The main question: the biggest companies are not always the ones changing the most.

Start with size. Then the direction of earnings. Then the quality of the business. A share price that leads means more once those three agree.

By Sector AlphaUpdated November 2026Prices as of 4 November 2026How the numbers are worked out

Which are the biggest Oil & Gas Exploration & Production stocks in the US?

The largest Oil & Gas Exploration & Production stocks in the US by market value are ConocoPhillips ($164.5B), Canadian Natural Resources ($102.1B) and EOG Resources, Inc. ($77.1B), at prices of 4 Nov 2026.

The other 20 Oil & Gas Exploration & Production companies are in the full list below.

Share price | market value | P/E, biggest first. Prices and market values as of 4 Nov 2026; ratios as in the score list below.

Which are the Oil & Gas Exploration & Production stocks, ranked?

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 4 Nov 2026.

  1. 1APA CorporationAPA · $15.1B75.4of 100favourable · strongest on ROCE and PEG
  2. 2Range Resources CorporationRRC · $12.2B70.1of 100favourable · strongest on relative strength versus sector and ROCE improvement
  3. 3Occidental Petroleum CorporationOXY · $57.3B68.6of 100favourable · strongest on PEG and profit growth
  4. 4Canadian Natural Resources LimitedCNQ · $102.1B67.4of 100favourable · strongest on PEG and relative strength versus sector
  5. 5EOG Resources, Inc.EOG · $77.1B67.3of 100favourable · strongest on ROCE and relative strength versus sector
  6. 6SM Energy CompanySM · $7.3B63.6of 100mixed, leaning good · strongest on revenue growth and relative strength versus sector
  7. 7Permian Resources CorporationPR · $18.8B63.0of 100mixed, leaning good · strongest on relative strength versus sector and margin improvement
  8. 8Ovintiv Inc.OVV · $16.8B61.6of 100mixed, leaning good · strongest on relative strength versus sector and PEG
  9. 9ConocoPhillipsCOP · $164.5B61.3of 100mixed, leaning good · strongest on relative strength versus sector and PEG
  10. 10Vista Energy, S.A.B. de C.V.VIST · $6.9B59.8of 100mixed, leaning good · strongest on PEG and revenue growth

Which Oil & Gas Exploration & Production companies are listed in the US?

The largest 15 of 30 listed US Oil & Gas Exploration & Production companies are named here; all 30 are ranked in the scorecard. Every figure is equal-weighted across those companies and carries its own as-of date. One large company cannot set the reading.

  1. ConocoPhillips$164.5B
  2. Canadian Natural Resources Limited$102.1B
  3. EOG Resources, Inc.$77.1B
  4. Occidental Petroleum Corporation$57.3B
  5. Diamondback Energy, Inc.$51.2B
  6. Devon Energy Corporation$50.7B
  7. Woodside Energy Group Ltd$41.7B
  8. EQT Corporation$32.9B
  9. Expand Energy Corporation$20.2B
  10. Texas Pacific Land Corporation$19.8B
  11. Permian Resources Corporation$18.8B
  12. Ovintiv Inc.$16.8B
  13. APA Corporation$15.1B
  14. Range Resources Corporation$12.2B
  15. Antero Resources Corporation$11.5B

The remaining 15 Oil & Gas Exploration & Production companies are named and ranked in the scorecard.

How many Oil & Gas Exploration & Production companies are listed in the US?

57 Oil & Gas Exploration & Production companies in the Oil & Gas Exploration & Production industry group (every listed company) have a page on Sector Alpha, by market value as of 4 November 2026, and all 57 are listed below, largest first. The largest is ConocoPhillips ($164.5 billion) and the smallest with a market value is AleAnna, Inc.

Every Oil & Gas Exploration & Production company with a page, largest first
CompanyMarket value
1. ConocoPhillips COP$164.5 billion
2. Canadian Natural Resources Limited CNQ$102.1 billion
3. EOG Resources, Inc. EOG$77.1 billion
4. Occidental Petroleum Corporation OXY$57.3 billion
5. Diamondback Energy, Inc. FANG$51.2 billion
6. Devon Energy Corporation DVN$50.7 billion
7. Woodside Energy Group Ltd WDS$41.7 billion
8. EQT Corporation EQT$32.9 billion
9. Expand Energy Corporation EXE$20.2 billion
10. Texas Pacific Land Corporation TPL$19.8 billion
11. Permian Resources Corporation PR$18.8 billion
12. Ovintiv Inc. OVV$16.8 billion
13. APA Corporation APA$15.1 billion
14. Range Resources Corporation RRC$12.2 billion
15. Antero Resources Corporation AR$11.5 billion
16. SM Energy Company SM$7.3 billion
17. Chord Energy Corporation CHRD$7.2 billion
18. Vista Energy, S.A.B. de C.V. VIST$6.9 billion
19. Matador Resources Company MTDR$6.2 billion
20. Magnolia Oil & Gas Corporation MGY$5.5 billion
21. Murphy Oil Corporation MUR$5.2 billion
22. CNX Resources Corporation CNX$5.1 billion
23. Crescent Energy Company CRGY$4.8 billion
24. California Resources Corporation CRC$4.3 billion
25. Comstock Resources, Inc. CRK$3.9 billion
26. Baytex Energy Corp. BTE$3.1 billion
27. Black Stone Minerals, L.P. BSM$3.1 billion
28. Gulfport Energy Corporation GPOR$2.8 billion
29. Talos Energy Inc. TALO$2.6 billion
30. Northern Oil and Gas, Inc. NOG$2.4 billion
31. BKV Corporation BKV$2.1 billion
32. Kimbell Royalty Partners, LP KRP$1.9 billion
33. Mach Natural Resources LP MNR$1.7 billion
34. Vermilion Energy Inc. VET$1.6 billion
35. Dorchester Minerals, L.P. DMLP$1.4 billion
36. Greenfire Resources Ltd. GFR$1.4 billion
37. Kosmos Energy Ltd. KOS$1.3 billion
38. GeoPark Limited GPRK$1 billion
39. HighPeak Energy, Inc. HPK$957 million
40. Riley Exploration Permian, Inc. REPX$950 million
41. Infinity Natural Resources, Inc. INR$800 million
42. TXO Partners, L.P. TXO$726 million
43. Vitesse Energy, Inc. VTS$618 million
44. Obsidian Energy Ltd. OBE$617 million
45. Granite Ridge Resources, Inc. GRNT$611 million
46. VAALCO Energy, Inc. EGY$568 million
47. W&T Offshore, Inc. WTI$497 million
48. SandRidge Energy, Inc. SD$467 million
49. Gran Tierra Energy Inc. GTE$356 million
50. Presidio Production Company FTW$314 million
51. Ring Energy, Inc. REI$313 million
52. PrimeEnergy Resources Corporation PNRG$301 million
53. Kolibri Global Energy Inc. KGEI$208 million
54. PEDEVCO Corp. PED$201 million
55. Amplify Energy Corp. AMPY$144 million
56. San Juan Basin Royalty Trust SJT$144 million
57. AleAnna, Inc. ANNA$139 million

Download all 57 Oil & Gas Exploration & Production companies (CSV)

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 last two years (104 weeks) this industry is 12% behind S&P 500. Earnings across its companies fell 22% on average over the last four reported quarters. It has been ahead of S&P 500 on a rolling three-month view for 11 weeks running.

Fading · −15 in 4w ~ Moving with the index

19 of 55 companies ahead of S&P 500 by 5% or more over three months. 2 are 20% or more behind over a year while earnings grew 20% or more.

Ahead of S&P 500 on the three-month view for 11 weeks running; 18 of the 55 companies in the industry index above their 200-day average (18 fewer than four weeks earlier); 19 of those 55 ahead of S&P 500 by 5% or more over three months (15 fewer than four weeks earlier); earnings rising at 28 of the 52 that report earnings.

Participation is shrinking, 34 → 19 of 55 over four weeks, after being ahead of S&P 500. Earnings mixed, 28 of 52 members have higher trailing twelve-month earnings than a year ago.

1Y

Oil & Gas Exploration & Production against S&P 500

Both lines start at 200 in the first week shown

  • Oil & Gas Exploration & Production 248
  • S&P 500 228
Oil & Gas Exploration & Production against S&P 500
Week endingOil & Gas Exploration & ProductionS&P 500
14 Nov 2025200200
21 Nov 2025195196
28 Nov 2025199203
5 Dec 2025206204
12 Dec 2025196203
19 Dec 2025187203
26 Dec 2025189205
2 Jan 2026195203
9 Jan 2026189207
16 Jan 2026196206
23 Jan 2026204205
30 Jan 2026216206
6 Feb 2026220206
13 Feb 2026223203
20 Feb 2026234205
27 Feb 2026236204
6 Mar 2026250200
13 Mar 2026253197
20 Mar 2026265193
27 Mar 2026279189
3 Apr 2026266195
10 Apr 2026254202
17 Apr 2026242211
24 Apr 2026260213
1 May 2026271215
8 May 2026250220
15 May 2026268220
22 May 2026264222
29 May 2026246225
5 Jun 2026249220
12 Jun 2026251221
19 Jun 2026233222
26 Jun 2026231217
3 Jul 2026227222
10 Jul 2026230225
17 Jul 2026241221
24 Jul 2026250220
31 Jul 2026249222
7 Aug 2026243230
14 Aug 2026257231
21 Aug 2026270228
28 Aug 2026264229
4 Sep 2026271229
11 Sep 2026277227
18 Sep 2026263227
25 Sep 2026253230
2 Oct 2026252229
9 Oct 2026263232
16 Oct 2026275227
23 Oct 2026283226
30 Oct 2026284225
6 Nov 2026248228

3Y

Oil & Gas Exploration & Production against S&P 500

Both lines start at 200 in the first week shown, every 2nd week shown

  • Oil & Gas Exploration & Production 251
  • S&P 500 340
Oil & Gas Exploration & Production against S&P 500
Week endingOil & Gas Exploration & ProductionS&P 500
17 Nov 2023200200
24 Nov 2023201202
8 Dec 2023189204
22 Dec 2023196210
5 Jan 2024193208
19 Jan 2024183214
2 Feb 2024181219
16 Feb 2024193222
1 Mar 2024202228
15 Mar 2024206226
29 Mar 2024218232
12 Apr 2024223227
26 Apr 2024224226
10 May 2024217231
24 May 2024215235
7 Jun 2024211237
21 Jun 2024209242
5 Jul 2024214246
19 Jul 2024220244
2 Aug 2024198236
16 Aug 2024210246
30 Aug 2024211250
13 Sep 2024194249
27 Sep 2024199254
11 Oct 2024215257
25 Oct 2024207257
8 Nov 2024216265
22 Nov 2024230264
6 Dec 2024210270
20 Dec 2024200262
3 Jan 2025216263
17 Jan 2025231265
31 Jan 2025212267
14 Feb 2025215271
28 Feb 2025204264
14 Mar 2025199250
28 Mar 2025207247
11 Apr 2025170237
25 Apr 2025180244
9 May 2025187250
23 May 2025187257
6 Jun 2025194266
20 Jun 2025210264
4 Jul 2025199277
18 Jul 2025196278
1 Aug 2025191276
15 Aug 2025190285
29 Aug 2025199286
12 Sep 2025194292
26 Sep 2025205294
10 Oct 2025189290
24 Oct 2025193300
7 Nov 2025194298
21 Nov 2025196292
5 Dec 2025209304
19 Dec 2025189302
2 Jan 2026197303
16 Jan 2026198307
30 Jan 2026218307
13 Feb 2026225302
27 Feb 2026238304
13 Mar 2026255294
27 Mar 2026282281
10 Apr 2026257301
24 Apr 2026262317
8 May 2026253327
22 May 2026267331
5 Jun 2026251327
19 Jun 2026235331
3 Jul 2026229330
17 Jul 2026243330
31 Jul 2026252331
14 Aug 2026259344
28 Aug 2026267341
11 Sep 2026279339
25 Sep 2026255342
9 Oct 2026265345
23 Oct 2026286337
6 Nov 2026251340

5Y

Oil & Gas Exploration & Production against S&P 500

Both lines start at 200 in the first week shown, every 4th week shown

  • Oil & Gas Exploration & Production 401
  • S&P 500 327
Oil & Gas Exploration & Production against S&P 500
Week endingOil & Gas Exploration & ProductionS&P 500
19 Nov 2021200200
10 Dec 2021205201
7 Jan 2022217199
4 Feb 2022232191
4 Mar 2022268184
1 Apr 2022292193
29 Apr 2022287176
27 May 2022339177
24 Jun 2022265166
22 Jul 2022266169
19 Aug 2022311180
16 Sep 2022310164
14 Oct 2022311153
11 Nov 2022351170
9 Dec 2022294168
6 Jan 2023293166
3 Feb 2023297176
3 Mar 2023306172
31 Mar 2023280175
28 Apr 2023285177
26 May 2023272179
23 Jun 2023275185
21 Jul 2023305193
18 Aug 2023332186
15 Sep 2023331189
13 Oct 2023342184
10 Nov 2023315188
8 Dec 2023302196
5 Jan 2024309200
2 Feb 2024290211
1 Mar 2024324219
29 Mar 2024348223
26 Apr 2024359217
24 May 2024345226
21 Jun 2024335232
19 Jul 2024352234
16 Aug 2024336236
13 Sep 2024311240
11 Oct 2024343247
8 Nov 2024346255
6 Dec 2024337259
3 Jan 2025347252
31 Jan 2025340257
28 Feb 2025327253
28 Mar 2025332237
25 Apr 2025288235
23 May 2025299247
20 Jun 2025336253
18 Jul 2025313268
15 Aug 2025304274
12 Sep 2025311280
10 Oct 2025302279
7 Nov 2025311286
5 Dec 2025334292
2 Jan 2026315291
30 Jan 2026349295
27 Feb 2026381293
27 Mar 2026452270
24 Apr 2026420305
22 May 2026427318
19 Jun 2026376319
17 Jul 2026390317
14 Aug 2026415331
11 Sep 2026447326
9 Oct 2026425332
6 Nov 2026401327

Earnings, each company rebased to 100, the sector takes the median

Latest quarter April to June 2026: 77.9, from 35 companies

Earnings, each company rebased to 100, the sector takes the median
QuarterMedian earnings index
Jan 2022100.0 (30 companies)
Apr 2022141.1 (31 companies)
Jul 2022162.1 (33 companies)
Oct 2022163.3 (34 companies)
Jan 2023165.1 (34 companies)
Apr 2023134.8 (34 companies)
Jul 2023113.0 (34 companies)
Oct 2023115.0 (34 companies)
Jan 202495.2 (34 companies)
Apr 202498.3 (34 companies)
Jul 2024100.4 (34 companies)
Oct 202480.5 (33 companies)
Jan 202582.0 (32 companies)
Apr 202573.1 (32 companies)
Jul 202558.1 (32 companies)
Oct 202560.0 (34 companies)
Jan 202661.3 (35 companies)
Apr 202677.9 (35 companies)

Both lines start at 200 in the same week, so the gap between them tells the story: the industry line is an equal-weighted index of its 55 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the industry taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

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

Oil & Gas Exploration & Production has done better than the S&P 500 by 11.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 4.9%. Range Resources Corporation is the strongest against the sector itself at +25.8%.

+4.9%Sector vs S&P 500 · 13 weeks
+11.2%Sector vs S&P 500 · 52 weeks
11 of 30Stocks leading S&P 500
13 of 30Stocks leading the sector

What is the bottom line on Oil & Gas Exploration & Production?

Oil & Gas Exploration & Production has done better than the S&P 500 by 11.2% over 52 weeks and by 4.9% over 13 weeks. 11 of 30 companies we track are beating the S&P 500 on relative strength (how a share price has done against the index over recent months), and 13 of 30 are ahead of the industry itself.

How does each Oil & Gas Exploration & Production stock score?

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never 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 85.3% evidence confidence.

Diamondback Energy, Inc. scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

  1. 1APA CorporationAPA · breaking out · favourable · 85% evidence75.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.3/35 · Revenue −12.5% · PAT 44.6% · OPM change 18.7 pp · 95% evidenceCapital efficiency 19.0/25 · ROCE 21.5% · OPM 56.3% · 76% evidenceValuation 15.6/20 · P/E 6.9× · PEG 0.12 · 65% evidenceRelative strength 18.5/20 · RS sector 22.4% · RS bench 17.7% · 1Y 86.7% · 100% evidence · 12 of 12 weeks aheadExact sum: 22.3 + 19 + 15.6 + 18.5 = 75.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  2. 2Range Resources CorporationRRC · breaking out · favourable · 85% evidence70.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.6/35 · Revenue 17.3% · PAT 79.3% · OPM change −12 pp · 95% evidenceCapital efficiency 15.9/25 · ROCE 17.8% · OPM 36.1% · 76% evidenceValuation 11.6/20 · P/E 10.2× · PEG 0.76 · 65% evidenceRelative strength 20.0/20 · RS sector 25.8% · RS bench 21.8% · 1Y 38.6% · 100% evidence · 5 of 12 weeks aheadExact sum: 22.6 + 15.9 + 11.6 + 20 = 70.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  3. 3Occidental Petroleum CorporationOXY · fading · favourable · 85% evidence68.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 29.9/35 · Revenue 24% · PAT 100% · OPM change 30.2 pp · 95% evidenceCapital efficiency 10.9/25 · ROCE 8.7% · OPM 45.4% · 76% evidenceValuation 15.2/20 · P/E 7.4× · PEG 0.2 · 65% evidenceRelative strength 12.6/20 · RS sector 4.3% · RS bench 0.6% · 1Y 38.8% · 100% evidence · 8 of 12 weeks aheadExact sum: 29.9 + 10.9 + 15.2 + 12.6 = 68.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4Canadian Natural Resources LimitedCNQ · breaking out · favourable · 85% evidence67.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.2/35 · Revenue 17.6% · PAT 41.3% · OPM change 19.4 pp · 95% evidenceCapital efficiency 15.2/25 · ROCE 13.5% · OPM 43.1% · 76% evidenceValuation 14.4/20 · P/E 9.9× · PEG 0.23 · 65% evidenceRelative strength 15.6/20 · RS sector 10.4% · RS bench 6.5% · 1Y 56.6% · 100% evidence · 11 of 12 weeks aheadExact sum: 22.2 + 15.2 + 14.4 + 15.6 = 67.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5EOG Resources, Inc.EOG · breaking out · favourable · 85% evidence67.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 19.5/35 · Revenue 17.2% · PAT 20% · OPM change 7.9 pp · 95% evidenceCapital efficiency 17.8/25 · ROCE 18% · OPM 40.7% · 76% evidenceValuation 12.3/20 · P/E 10× · PEG 0.4 · 65% evidenceRelative strength 17.7/20 · RS sector 8.4% · RS bench 4.8% · 1Y 39.5% · 100% evidence · 8 of 12 weeks aheadExact sum: 19.5 + 17.8 + 12.3 + 17.7 = 67.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6SM Energy CompanySM · breaking out · mixed, leaning good · 85% evidence63.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.2/35 · Revenue 65.2% · PAT 23% · OPM change 21.6 pp · 95% evidenceCapital efficiency 13.3/25 · ROCE 10.4% · OPM 60.3% · 76% evidenceValuation 14.0/20 · P/E 6.3× · PEG 0.34 · 65% evidenceRelative strength 15.1/20 · RS sector 7.5% · RS bench 3.5% · 1Y 69.9% · 100% evidence · 12 of 12 weeks aheadExact sum: 21.2 + 13.3 + 14 + 15.1 = 63.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7Permian Resources CorporationPR · breaking out · mixed, leaning good · 85% evidence63.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 19.5/35 · Revenue 12.8% · PAT 8.4% · OPM change 26.5 pp · 95% evidenceCapital efficiency 15.5/25 · ROCE 13.1% · OPM 57.4% · 76% evidenceValuation 11.9/20 · P/E 12.5× · PEG 0.36 · 65% evidenceRelative strength 16.1/20 · RS sector 13.2% · RS bench 9.2% · 1Y 69.2% · 100% evidence · 12 of 12 weeks aheadExact sum: 19.5 + 15.5 + 11.9 + 16.1 = 63 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  8. 8Ovintiv Inc.OVV · leader · mixed, leaning good · 85% evidence61.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.1/35 · Revenue 6.4% · PAT 54.6% · OPM change 13.1 pp · 95% evidenceCapital efficiency 13.9/25 · ROCE 15.8% · OPM 36.2% · 76% evidenceValuation 12.3/20 · P/E 16.1× · PEG 0.29 · 65% evidenceRelative strength 14.3/20 · RS sector 12.3% · RS bench 8.3% · 1Y 61.3% · 100% evidence · 12 of 12 weeks aheadExact sum: 21.1 + 13.9 + 12.3 + 14.3 = 61.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  9. 9ConocoPhillipsCOP · breaking out · mixed, leaning good · 85% evidence61.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 15.1/35 · Revenue 8.6% · PAT 1.1% · OPM change 11.8 pp · 95% evidenceCapital efficiency 14.1/25 · ROCE 13.4% · OPM 31.5% · 76% evidenceValuation 12.9/20 · P/E 13.7× · PEG 0.26 · 65% evidenceRelative strength 19.2/20 · RS sector 14.2% · RS bench 10.3% · 1Y 57.7% · 100% evidence · 12 of 12 weeks aheadExact sum: 15.1 + 14.1 + 12.9 + 19.2 = 61.3 · What this means: Relative strength against the index is 10.3%, and revenue and profit growth are weak.
  10. 10Vista Energy, S.A.B. de C.V.VIST · quiet · mixed, leaning good · 85% evidence59.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.4/35 · Revenue 77.8% · PAT 44% · OPM change 8.2 pp · 95% evidenceCapital efficiency 17.0/25 · ROCE 16% · OPM 44.2% · 76% evidenceValuation 14.3/20 · P/E 8.6× · PEG 0.25 · 65% evidenceRelative strength 3.1/20 · RS sector −5.2% · RS bench −8.5% · 1Y 28.9% · 100% evidence · 1 of 12 weeks aheadExact sum: 25.4 + 17 + 14.3 + 3.1 = 59.8 · What this means: Earnings are strong; relative strength in its sector is −5.2% and the one-year return is 28.9%.
  11. 11Antero Resources CorporationAR · breaking out · mixed, leaning good · 75% evidence58.9out of 100GrowthCapitalValuationRelative
  12. 12Chord Energy CorporationCHRD · fading · mixed, leaning good · 67% evidence58.2out of 100GrowthCapitalValuationRelative
  13. 13CNX Resources CorporationCNX · breaking out · mixed, leaning good · 75% evidence54.9out of 100GrowthCapitalValuationRelative
  14. 14Gulfport Energy CorporationGPOR · quiet · mixed, leaning good · 67% evidence53.2out of 100GrowthCapitalValuationRelative
  15. 15Magnolia Oil & Gas CorporationMGY · basing · mixed, leaning good · 85% evidence52.8out of 100GrowthCapitalValuationRelative
  16. 16Expand Energy CorporationEXE · quiet · mixed, leaning good · 75% evidence52.0out of 100GrowthCapitalValuationRelative
  17. 17Black Stone Minerals, L.P.BSM · turning · mixed, leaning good · 85% evidence51.1out of 100GrowthCapitalValuationRelative
  18. 18Baytex Energy Corp.BTE · breaking out · provisional · 56% evidence49.4out of 100GrowthCapitalValuationRelative
  19. 19Crescent Energy CompanyCRGY · fading · mixed, leaning weak · 75% evidence49.3out of 100GrowthCapitalValuationRelative
  20. 20EQT CorporationEQT · fading · mixed, leaning weak · 85% evidence48.7out of 100GrowthCapitalValuationRelative
  21. 21Diamondback Energy, Inc.FANG · quiet · mixed, leaning weak · 85% evidence43.6out of 100GrowthCapitalValuationRelative
  22. 22Talos Energy Inc.TALO · breaking out · mixed, leaning weak · 67% evidence43.3out of 100GrowthCapitalValuationRelative
  23. 23Texas Pacific Land CorporationTPL · quiet · mixed, leaning weak · 85% evidence42.7out of 100GrowthCapitalValuationRelative
  24. 24Murphy Oil CorporationMUR · breaking out · mixed, leaning weak · 75% evidence42.5out of 100GrowthCapitalValuationRelative
  25. 25Woodside Energy Group LtdWDS · fading · provisional · 51% evidence41.7out of 100GrowthCapitalValuationRelative
  26. 26Devon Energy CorporationDVN · fading · mixed, leaning weak · 75% evidence41.6out of 100GrowthCapitalValuationRelative
  27. 27Matador Resources CompanyMTDR · breaking out · mixed, leaning weak · 85% evidence39.8out of 100GrowthCapitalValuationRelative
  28. 28Comstock Resources, Inc.CRK · breaking out · mixed, leaning weak · 67% evidence35.8out of 100GrowthCapitalValuationRelative
  29. 29Northern Oil and Gas, Inc.NOG · fading · weak · 75% evidence31.9out of 100GrowthCapitalValuationRelative
  30. 30California Resources CorporationCRC · quiet · weak · 75% evidence28.4out of 100GrowthCapitalValuationRelative
How this score is built, and what the marks mean

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

How have Oil & Gas Exploration & Production share prices moved?

APA Corporation has the strongest one-year price move in Oil & Gas Exploration & Production at +86.7%. Range Resources Corporation leads on relative strength against the S&P 500, at +21.8%. 11 of 30 companies we track are ahead of the index on that measure. Every line covers 314 weekly closes through 4 November 2026.

Price and relative strength

Price · same starting point: 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.

RS vs S&P 500: How far ahead of or behind S&P 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS S&P 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Oil & Gas Exploration & Production itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

1Y

Price of the 5 strongest one-year movers, each started at 100

52 weekly closes

  • APA Corporation 180
  • Baytex Energy Corp. 141
  • SM Energy Company 165
  • Permian Resources 165
  • Ovintiv Inc. 160
  • S&P 500 114
Price of the 5 strongest one-year movers, each started at 100
Week endingAPA CorporationBaytex Energy Corp.SM Energy CompanyPermian ResourcesOvintiv Inc.S&P 500
14 Nov 2025100100100100100100
21 Nov 2025971019710210098
28 Nov 2025101102101106105102
5 Dec 2025109103107110108102
12 Dec 202510596104107103102
19 Dec 202597989910196101
26 Dec 202598999810197103
2 Jan 2026102104101106103102
9 Jan 20261021059410399103
16 Jan 202610410497106101103
23 Jan 202610410599108105103
30 Jan 2026107109103118111103
6 Feb 2026111112112124119103
13 Feb 2026113110114127120102
20 Feb 2026117119125132129103
27 Feb 2026123122123134129102
6 Mar 2026132125138138134100
13 Mar 202613912814214214199
20 Mar 202615813015914714697
27 Mar 202617913717315915994
3 Apr 202617013516215515198
10 Apr 2026156130150152143101
17 Apr 2026144129138143135106
24 Apr 2026152145153150142106
1 May 2026162158162162155107
8 May 2026143153156145148110
15 May 2026157164173153153110
22 May 2026157163179150150111
29 May 2026147155163141143113
5 Jun 2026148151171141145110
12 Jun 2026149147165143147110
19 Jun 2026133126144135134111
26 Jun 2026133126140137136109
3 Jul 2026131123142134135111
10 Jul 2026135129147141142112
17 Jul 2026142132166148148111
24 Jul 2026146137176157161110
31 Jul 2026151144172156160111
7 Aug 2026152132153148152115
14 Aug 2026163138179158161116
21 Aug 2026175152197174171114
28 Aug 2026172150194167165115
4 Sep 2026173154193171165115
11 Sep 2026180159202175163114
18 Sep 2026181153196167159113
25 Sep 2026172143180157154115
2 Oct 2026176147187162154115
9 Oct 2026185152196169163116
16 Oct 2026198168209180177114
23 Oct 2026209174213187185113
30 Oct 2026213170214191186113
6 Nov 2026180141165165160114

3Y

Price of the 5 strongest one-year movers, each started at 100

156 weekly closes, every 2nd shown

  • APA Corporation 121
  • Baytex Energy Corp. 113
  • SM Energy Company 82
  • Permian Resources 169
  • Ovintiv Inc. 139
  • S&P 500 170
Price of the 5 strongest one-year movers, each started at 100
Week endingAPA CorporationBaytex Energy Corp.SM Energy CompanyPermian ResourcesOvintiv Inc.S&P 500
17 Nov 2023100100100100100100
24 Nov 20231009810099100101
8 Dec 20239484949893102
22 Dec 2023988510210297105
5 Jan 2024938510110297104
19 Jan 202482769410091107
2 Feb 20248276949792110
16 Feb 20248685104110100111
1 Mar 20248382117121112114
15 Mar 20248785123124112113
29 Mar 20249392132133115116
12 Apr 20249296134134119113
26 Apr 202488100134131118113
10 May 20248288130125111116
24 May 20248088127119107117
7 Jun 20247885124116106119
21 Jun 20247683127116102121
5 Jul 20247890115121103123
19 Jul 20248794123121105122
2 Aug 2024788210810492118
16 Aug 2024799112011296123
30 Aug 2024779112010795125
13 Sep 2024657710310286125
27 Sep 2024677510510285127
11 Oct 2024738212011096129
25 Oct 2024677611510590129
8 Nov 2024597611411396133
22 Nov 20246277121122104132
6 Dec 2024586610611192135
20 Dec 202457589710384131
3 Jan 2025646710711493131
17 Jan 20256667114121102133
31 Jan 2025606110011194134
14 Feb 2025636210210798135
28 Feb 202556588610697132
14 Mar 202553557910390125
28 Mar 202557557810494123
11 Apr 20254142578373118
25 Apr 20254442629377122
9 May 20254542619880125
23 May 20254642619680129
6 Jun 202550456610385133
20 Jun 202554527311192132
4 Jul 202553476810689139
18 Jul 202551506810189139
1 Aug 202550537010388138
15 Aug 202556516910188143
29 Aug 202563577510894143
12 Sep 202562617110393146
26 Sep 202567647310396147
10 Oct 20256060609282145
24 Oct 20256561559484150
7 Nov 202565644810086149
21 Nov 202565814810587146
5 Dec 202574835311394152
19 Dec 202565794910483151
2 Jan 202669845110990152
16 Jan 202670844810988153
30 Jan 202672875112297154
13 Feb 2026768857130104151
27 Feb 2026829861138112152
13 Mar 20269410371146123147
27 Mar 202612011086163138141
10 Apr 202610510575156125151
24 Apr 202610211776155124158
8 May 20269612378149129164
22 May 202610513189154131165
5 Jun 20269912185145126164
19 Jun 20269010172139117166
3 Jul 2026889971137118165
17 Jul 20269610683152128165
31 Jul 202610111686161139166
14 Aug 202611011189162140172
28 Aug 202611512197171144171
11 Sep 2026121128101179142170
25 Sep 202611611589161134171
9 Oct 202612412298174142173
23 Oct 2026141140106192161169
6 Nov 202612111382169139170

5Y

Price of the 5 strongest one-year movers, each started at 100

260 weekly closes, every 4th shown

  • APA Corporation 171
  • Baytex Energy Corp. 147
  • SM Energy Company 103
  • Permian Resources 338
  • Ovintiv Inc. 182
  • S&P 500 164
Price of the 5 strongest one-year movers, each started at 100
Week endingAPA CorporationBaytex Energy Corp.SM Energy CompanyPermian ResourcesOvintiv Inc.S&P 500
19 Nov 2021100100100100100100
10 Dec 2021103104109103100100
7 Jan 202211410910910511099
4 Feb 202213313612112211996
4 Mar 202215215313212914192
1 Apr 202216214613613216097
29 Apr 202215717011811714888
27 May 202218317916511816489
24 Jun 20221401561189513283
22 Jul 20221251571159012984
19 Aug 202213916614111114490
16 Sep 202215616414311714482
14 Oct 202215415414413314476
11 Nov 202218818515516316785
9 Dec 202216114111513013584
6 Jan 20231651399913313983
3 Feb 202316214510615413488
3 Mar 202315813710617913486
31 Mar 20231391249315810587
28 Apr 20231421259315710589
26 May 20231291109114610090
23 Jun 2023125989615510192
21 Jul 202314912011416912296
18 Aug 202317013313419414093
15 Sep 202316314313120613795
13 Oct 202315914413922314492
10 Nov 202314213412220012994
8 Dec 202313310911819512198
5 Jan 2024132110127203127100
2 Feb 202411699118194120105
1 Mar 2024117107147242146109
29 Mar 2024132120165266150112
26 Apr 2024125130168262154108
24 May 2024113114159238140113
21 Jun 2024108108159232133116
19 Jul 2024123123155242137117
16 Aug 2024113119150224125118
13 Sep 202492101130203113120
11 Oct 2024104107151219125124
8 Nov 20248498144225125128
6 Dec 20248285133221119130
3 Jan 20259087134228121126
31 Jan 20258480126221122128
28 Feb 20258075108212126127
28 Mar 2025817297207122119
25 Apr 2025635578185101117
23 May 2025655477192104124
20 Jun 2025776891222120127
18 Jul 2025726586203116134
15 Aug 2025796787202114137
12 Sep 2025887989206121140
10 Oct 2025847875184107139
7 Nov 2025928361200113143
5 Dec 202510410867225123146
2 Jan 20269810963217117146
30 Jan 202610211465243126148
27 Feb 202611712777276147146
27 Mar 2026171143108326180135
24 Apr 202614515295309162152
22 May 2026149171112308170159
19 Jun 202612713290278152159
17 Jul 2026136138104304168159
14 Aug 2026156145112324183166
11 Sep 2026172167126358185163
9 Oct 2026177159123347185166
6 Nov 2026171147103338182164

The companies with the strongest one-year price moves are drawn. The S&P 500 line is dashed.

Biggest one-year moves

  1. 1APA CorporationAPA · $15.1B+86.7%1 year
  2. 2Baytex Energy Corp.BTE · $3.1B+76.2%1 year
  3. 3SM Energy CompanySM · $7.3B+69.9%1 year
  4. 4Permian Resources CorporationPR · $18.8B+69.2%1 year
  5. 5Ovintiv Inc.OVV · $16.8B+61.3%1 year

Strongest against S&P 500

  1. 1Range Resources CorporationRRC · $12.2B+21.8%vs S&P 500
  2. 2APA CorporationAPA · $15.1B+17.7%vs S&P 500
  3. 3ConocoPhillipsCOP · $164.5B+10.3%vs S&P 500
  4. 4Permian Resources CorporationPR · $18.8B+9.2%vs S&P 500
  5. 5Ovintiv Inc.OVV · $16.8B+8.3%vs S&P 500

Strongest against the sector itself

  1. 1Range Resources CorporationRRC · $12.2B+25.8%vs sector
  2. 2APA CorporationAPA · $15.1B+22.4%vs sector
  3. 3ConocoPhillipsCOP · $164.5B+14.2%vs sector
  4. 4Permian Resources CorporationPR · $18.8B+13.2%vs sector
  5. 5Ovintiv Inc.OVV · $16.8B+12.3%vs sector

Which Oil & Gas Exploration & Production companies have the most revenue, and which grow fastest?

ConocoPhillips has the highest Revenue among the 30 Oil & Gas Exploration & Production companies compared here, at $64,505 million. Canadian Natural Resources Limited is next at $44,676 million. Vista Energy, S.A.B. de C.V. has the highest Revenue growth at 77.8%, so level and change sit with different companies. Its Revenue series carries 20 reported observations across the 20-quarter window.

What the numbers say: ConocoPhillips is the largest at $64,505 million, 44.4% ahead of Canadian Natural Resources Limited. Vista Energy, S.A.B. de C.V.'s growth is 77.8% from a $3,525 million base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

ConocoPhillips · $64,505 millionLeader
44.4% versus #2 · Canadian Natural Resources LimitedGap
4/8 recent comparable periodsPersistence
28/30 companies · 587 observationsCoverage

What this means: ConocoPhillips is the size to compare against; Vista Energy, S.A.B. de C.V. is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: ConocoPhillips's growth falls below Vista Energy, S.A.B. de C.V.'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

Revenue, by reported quarter

  • ConocoPhillips $19.4B
  • Canadian Natural Resources $14.7B
  • EOG Resources, Inc. $8.5B
  • Occidental Petroleum Corporation $8.1B
  • Devon Energy Corporation $6.6B
Revenue, by reported quarter
QuarterConocoPhillipsCanadian Natural ResourcesEOG Resources, Inc.Occidental Petroleum CorporationDevon Energy Corporation
Sep 2021$11.6B$7.7B$5.3B$6.8B$3.8B
Dec 2021$15.5B$9.2B$5.9B$7.9B$4.1B
Mar 2022$18.2B$10.7B$6.8B$8.3B$4.0B
Jun 2022$21.7B$11.5B$8.7B$10.7B$5.5B
Sep 2022$21.6B$10.5B$7.6B$9.4B$5.2B
Dec 2022$19.1B$9.7B$6.5B$8.2B$4.1B
Mar 2023$15.3B$8.6B$5.6B$7.2B$3.4B
Jun 2023$12.8B$7.9B$5.5B$6.7B$3.3B
Sep 2023$14.6B$9.9B$6.1B$7.2B$4.0B
Dec 2023$15.2B$9.6B$6.1B$7.2B$3.6B
Mar 2024$14.3B$8.2B$5.9B$6.0B$3.4B
Jun 2024$14.0B$9.1B$6.1B$6.8B$3.7B
Sep 2024$13.5B$8.9B$5.9B$7.2B$3.8B
Dec 2024$14.7B$9.5B$5.7B$2.1B$4.3B
Mar 2025$16.9B$10.9B$5.9B$5.7B$4.2B
Jun 2025$14.3B$8.7B$5.4B$5.3B$4.0B
Sep 2025$15.4B$9.5B$5.7B$6.6B$4.1B
Dec 2025$13.7B$9.6B$5.7B$5.1B$3.8B
Mar 2026$16.1B$10.8B$6.8B$5.2B$4.3B
Jun 2026$19.4B$14.7B$8.5B$8.1B$6.6B

Revenue growth, by reported quarter

  • ConocoPhillips 35%
  • Canadian Natural Resources 69%
  • EOG Resources, Inc. 59%
  • Occidental Petroleum Corporation 53%
  • Devon Energy Corporation 64%
Revenue growth, by reported quarter
QuarterConocoPhillipsCanadian Natural ResourcesEOG Resources, Inc.Occidental Petroleum CorporationDevon Energy Corporation
Sep 2021—————
Dec 2021—————
Mar 2022—————
Jun 2022127%76%110%78%129%
Sep 202287%36%45%38%36%
Dec 202224%5.2%9.7%3.9%2.2%
Mar 2023−16%−19%−17%−13%−15%
Jun 2023−41%−31%−37%−37%−40%
Sep 2023−32%−5.4%−20%−24%−22%
Dec 2023−21%−1.4%−7.0%−13%−12%
Mar 2024−6.8%−4.5%4.7%−17%−1.2%
Jun 20249.9%15%10%1.7%11%
Sep 2024−7.9%−10%−3.9%0.2%−5.8%
Dec 2024−3.1%−0.9%−6.4%−71%18%
Mar 202519%33%0.0%−4.5%23%
Jun 20252.1%−3.9%−11%−23%9.0%
Sep 202514%7.0%−2.4%−7.7%7.1%
Dec 2025−6.8%1.5%0.0%149%−12%
Mar 2026−5.1%−1.2%16%−8.3%3.5%
Jun 202635%69%59%53%64%

28 of 30 companies report revenue, 28 of 30 revenue growth. On every company-comparison chart on this page the five leaders are drawn, level and change on separate charts, and a missing report breaks the line rather than being invented. The revenue growth chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

Revenue · largest

Revenue growth · fastest growers

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.

Revenue, every company
CompanyRevenueRevenue growthReported
ConocoPhillips COP$19.4B35%Jun 2026
Canadian Natural Resources Limited CNQ$14.7B69%Jun 2026
EOG Resources, Inc. EOG$8.5B59%Jun 2026
Occidental Petroleum Corporation OXY$8.1B53%Jun 2026
Woodside Energy Group Ltd WDS$7.4B13%Jun 2026
Devon Energy Corporation DVN$6.6B64%Jun 2026
Diamondback Energy, Inc. FANG$5.3B53%Jun 2026
Ovintiv Inc. OVV$2.9B30%Jun 2026
Expand Energy Corporation EXE$2.5B−11%Jun 2026
APA Corporation APA$2.4B9.2%Jun 2026
SM Energy Company SM$2.1B176%Jun 2026
Chord Energy Corporation CHRD$2.0B84%Jun 2026
Permian Resources Corporation PR$1.9B55%Jun 2026
EQT Corporation EQT$1.7B−3.9%Jun 2026
Crescent Energy Company CRGY$1.4B55%Jun 2026
Antero Resources Corporation AR$1.4B13%Jun 2026
Vista Energy, S.A.B. de C.V. VIST$1.2B102%Jun 2026
Matador Resources Company MTDR$1.2B27%Jun 2026
California Resources Corporation CRC$1.1B33%Jun 2026
Murphy Oil Corporation MUR$926M36%Jun 2026
Range Resources Corporation RRC$760M8.6%Jun 2026
Talos Energy Inc. TALO$665M56%Jun 2026
Northern Oil and Gas, Inc. NOG$629M16%Jun 2026
Baytex Energy Corp. BTE$550M52%Jun 2026
Magnolia Oil & Gas Corporation MGY$479M50%Jun 2026
CNX Resources Corporation CNX$443M−18%Jun 2026
Comstock Resources, Inc. CRK$352M−25%Jun 2026
Gulfport Energy Corporation GPOR$257M−16%Jun 2026
Texas Pacific Land Corporation TPL$246M31%Jun 2026
Black Stone Minerals, L.P. BSM$115M13%Jun 2026

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

What to watch

Watch the next two reported quarters for growth persistence, margin conversion and whether the leader is gaining share without stretching working capital.

Which Oil & Gas Exploration & Production companies keep the most from each $100 of sales?

Black Stone Minerals, L.P. has the highest OPM among the 30 Oil & Gas Exploration & Production companies compared here, at 95.4%. Texas Pacific Land Corporation is next at 78.2%. Chord Energy Corporation has the highest Margin change at +63.5 percentage points, so level and change sit with different companies.

What the numbers say: Black Stone Minerals, L.P. leads opm at 95.4%; Chord Energy Corporation leads margin change at +63.5 percentage points.

Black Stone Minerals, L.P. · 95.4%Leader
22% versus #2 · Texas Pacific Land CorporationGap
4/8 recent comparable periodsPersistence
30/30 companies · 587 observationsCoverage

What this means: Black Stone Minerals, L.P. sets the level to compare against; the company improving fastest needs another report to confirm the change.

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

OPM, by reported quarter

  • Black Stone Minerals, L.P. 95%
  • Texas Pacific Land Corporation 78%
  • CNX Resources Corporation 63%
  • SM Energy Company 60%
  • Permian Resources Corporation 57%
OPM, by reported quarter
QuarterBlack Stone Minerals, L.P.Texas Pacific Land CorporationCNX Resources CorporationSM Energy CompanyPermian Resources Corporation
Sep 202111%84%−189%17%18%
Dec 202186%86%103%58%45%
Mar 2022−3.8%84%−152%13%10%
Jun 202265%86%8.4%54%54%
Sep 202278%85%−18%75%84%
Dec 202294%82%150%54%38%
Mar 2023114%72%186%52%49%
Jun 202376%75%192%40%35%
Sep 202346%80%17%31%22%
Dec 2023111%81%190%53%58%
Mar 202457%78%17%35%29%
Jun 202462%77%6.7%44%38%
Sep 202492%73%31%54%52%
Dec 202446%79%−57%35%30%
Mar 202516%77%−39%34%41%
Jun 2025120%77%114%39%31%
Sep 202594%74%54%32%38%
Dec 202583%71%58%27%41%
Mar 202614%77%61%−4.7%9.2%
Jun 202695%78%63%60%57%

Margin change, by reported quarter

  • Black Stone Minerals, L.P. −24.5 pp
  • Texas Pacific Land Corporation +1.4 pp
  • CNX Resources Corporation −50.9 pp
  • SM Energy Company +21.6 pp
  • Permian Resources Corporation +26.5 pp
Margin change, by reported quarter
QuarterBlack Stone Minerals, L.P.Texas Pacific Land CorporationCNX Resources CorporationSM Energy CompanyPermian Resources Corporation
Sep 2021—————
Dec 2021—————
Mar 2022—————
Jun 2022+35.7 pp+11.8 pp−312.3 pp+85.9 pp+25.0 pp
Sep 2022+67.2 pp+1.3 pp+171.1 pp+57.9 pp+66.2 pp
Dec 2022+8.8 pp−4.0 pp+46.8 pp−4.7 pp−6.3 pp
Mar 2023+118.1 pp−12.7 pp+338.2 pp+38.8 pp+39.1 pp
Jun 2023+11.5 pp−11.1 pp+183.5 pp−13.9 pp−19.2 pp
Sep 2023−32.0 pp−4.4 pp+34.2 pp−44.0 pp−62.4 pp
Dec 2023+17.1 pp−1.0 pp+39.3 pp−0.3 pp+19.7 pp
Mar 2024−57.8 pp+6.5 pp−168.6 pp−16.8 pp−20.4 pp
Jun 2024−14.3 pp+2.4 pp−185.2 pp+4.0 pp+3.5 pp
Sep 2024+46.1 pp−7.0 pp+14.7 pp+23.4 pp+30.3 pp
Dec 2024−65.0 pp−1.3 pp−246.1 pp−18.2 pp−27.9 pp
Mar 2025−40.7 pp−1.5 pp−56.2 pp−0.9 pp+11.9 pp
Jun 2025+57.9 pp−0.6 pp+107.1 pp−5.3 pp−7.3 pp
Sep 2025+1.7 pp+0.1 pp+22.3 pp−22.2 pp−14.5 pp
Dec 2025+36.3 pp−8.7 pp+114.5 pp−8.2 pp+11.0 pp
Mar 2026−1.6 pp+0.5 pp+99.5 pp−39.0 pp−31.6 pp
Jun 2026−24.5 pp+1.4 pp−50.9 pp+21.6 pp+26.5 pp

30 of 30 companies report OPM, 30 of 30 margin change. The margin change chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Operating margin, every company
CompanyOPMMargin changeReported
Black Stone Minerals, L.P. BSM95%−24.5 ppJun 2026
Texas Pacific Land Corporation TPL78%+1.4 ppJun 2026
CNX Resources Corporation CNX63%−50.9 ppJun 2026
SM Energy Company SM60%+21.6 ppJun 2026
Permian Resources Corporation PR57%+26.5 ppJun 2026
Northern Oil and Gas, Inc. NOG57%−3.5 ppJun 2026
APA Corporation APA56%+18.7 ppJun 2026
Crescent Energy Company CRGY54%+22.8 ppJun 2026
Magnolia Oil & Gas Corporation MGY51%+16.9 ppJun 2026
Gulfport Energy Corporation GPOR50%−32.4 ppJun 2026
Matador Resources Company MTDR49%+18.0 ppJun 2026
Diamondback Energy, Inc. FANG49%+21.5 ppJun 2026
California Resources Corporation CRC47%+10.5 ppJun 2026
Occidental Petroleum Corporation OXY45%+30.2 ppJun 2026
Vista Energy, S.A.B. de C.V. VIST44%+8.2 ppJun 2026
Canadian Natural Resources Limited CNQ43%+19.4 ppJun 2026
Devon Energy Corporation DVN41%+16.9 ppJun 2026
Baytex Energy Corp. BTE41%+21.4 ppJun 2026
EOG Resources, Inc. EOG41%+7.9 ppJun 2026
Murphy Oil Corporation MUR38%+24.9 ppJun 2026
Ovintiv Inc. OVV36%+13.1 ppJun 2026
Range Resources Corporation RRC36%−12.0 ppJun 2026
Chord Energy Corporation CHRD35%+63.5 ppJun 2026
Talos Energy Inc. TALO34%+25.6 ppJun 2026
ConocoPhillips COP32%+11.8 ppJun 2026
Expand Energy Corporation EXE26%−19.6 ppJun 2026
Antero Resources Corporation AR26%+8.3 ppJun 2026
Woodside Energy Group Ltd WDS24%+2.2 ppJun 2026
EQT Corporation EQT23%−40.0 ppJun 2026
Comstock Resources, Inc. CRK6.0%−13.0 ppJun 2026

What to watch

Watch whether the next two comparable periods confirm the current margin change rather than reversing it.

Which Oil & Gas Exploration & Production companies earn the most profit?

Canadian Natural Resources Limited has the highest Net profit among the 30 Oil & Gas Exploration & Production companies compared here, at $11,754 million. ConocoPhillips is next at $9,258 million. Antero Resources Corporation has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Canadian Natural Resources Limited earns the most, $11,754 million of profit over the last 12 months, 27% above ConocoPhillips. Antero Resources Corporation shows at least 100% on the scoring scale (125.8% in full) growth from a profit base of $1,084 million. A fast rate from a small base matters less than a large profit that keeps coming.

Canadian Natural Resources Limited · $11,754 millionLeader
27% versus #2 · ConocoPhillipsGap
4/8 recent comparable periodsPersistence
28/30 companies · 587 observationsCoverage

What this means: Canadian Natural Resources Limited sets the level to compare against; the company improving fastest needs another report to confirm the change.

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

Net profit, by reported quarter

  • Canadian Natural Resources $4.5B
  • ConocoPhillips $3.9B
  • Occidental Petroleum Corporation $3.0B
  • EOG Resources, Inc. $2.7B
  • Devon Energy Corporation $1.9B
Net profit, by reported quarter
QuarterCanadian Natural ResourcesConocoPhillipsOccidental Petroleum CorporationEOG Resources, Inc.Devon Energy Corporation
Sep 2021$2.2B$2.4B$828M$1.1B$844M
Dec 2021$2.5B$2.6B$1.5B$2.0B$1.5B
Mar 2022$3.1B$5.7B$4.9B$390M$995M
Jun 2022$3.5B$5.1B$3.8B$2.2B$1.9B
Sep 2022$2.8B$4.5B$2.7B$2.9B$1.9B
Dec 2022$1.5B$3.2B$1.9B$2.3B$1.2B
Mar 2023$1.8B$2.9B$1.3B$2.0B$1.0B
Jun 2023$1.5B$2.2B$860M$1.6B$698M
Sep 2023$2.3B$2.8B$1.4B$2.0B$920M
Dec 2023$2.6B$3.0B$1.2B$2.0B$1.2B
Mar 2024$987M$2.5B$888M$1.8B$609M
Jun 2024$1.7B$2.3B$1.2B$1.7B$855M
Sep 2024$2.3B$2.1B$1.1B$1.7B$825M
Dec 2024$1.1B$2.3B−$120M$1.3B$653M
Mar 2025$2.5B$2.8B$945M$1.5B$509M
Jun 2025$2.5B$2.0B$468M$1.3B$917M
Sep 2025$600M$1.7B$842M$1.5B$693M
Dec 2025$5.3B$1.4B$114M$701M$562M
Mar 2026$1.3B$2.2B$3.4B$2.0B$120M
Jun 2026$4.5B$3.9B$3.0B$2.7B$1.9B

Profit growth, by reported quarter

  • Canadian Natural Resources 83%
  • ConocoPhillips 99%
  • Occidental Petroleum Corporation 540%
  • EOG Resources, Inc. 103%
  • Devon Energy Corporation 108%
Profit growth, by reported quarter
QuarterCanadian Natural ResourcesConocoPhillipsOccidental Petroleum CorporationEOG Resources, Inc.Devon Energy Corporation
Sep 2021—————
Dec 2021—————
Mar 2022—————
Jun 2022126%145%3,655%147%643%
Sep 202228%90%232%161%125%
Dec 2022−40%24%25%15%−20%
Mar 2023−42%−49%−74%419%0.8%
Jun 2023−58%−57%−77%−31%−64%
Sep 2023−17%−38%−50%−29%−52%
Dec 202373%−7.4%−38%−13%−3.6%
Mar 2024−45%−13%−30%−12%−39%
Jun 202417%4.4%36%8.8%22%
Sep 2024−3.3%−26%−17%−18%−10%
Dec 2024−57%−23%−110%−37%−44%
Mar 2025149%12%6.4%−18%−16%
Jun 202543%−15%−60%−20%7.3%
Sep 2025−74%−16%−26%−12%−16%
Dec 2025366%−38%—−44%−14%
Mar 2026−45%−23%255%35%−76%
Jun 202683%99%540%103%108%

28 of 30 companies report net profit, 24 of 30 profit growth. The profit growth chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Net profit, every company
CompanyNet profitProfit growthReported
Canadian Natural Resources Limited CNQ$4.5B83%Jun 2026
ConocoPhillips COP$3.9B99%Jun 2026
Occidental Petroleum Corporation OXY$3.0B540%Jun 2026
EOG Resources, Inc. EOG$2.7B103%Jun 2026
Devon Energy Corporation DVN$1.9B108%Jun 2026
Diamondback Energy, Inc. FANG$1.9B169%Jun 2026
Woodside Energy Group Ltd WDS$1.7B27%Jun 2026
SM Energy Company SM$1.1B430%Jun 2026
APA Corporation APA$827M24%Jun 2026
Permian Resources Corporation PR$792M283%Jun 2026
Chord Energy Corporation CHRD$525M−50%Jun 2026
Expand Energy Corporation EXE$522M−46%Jun 2026
California Resources Corporation CRC$514M199%Jun 2026
Crescent Energy Company CRGY$493M222%Jun 2026
Ovintiv Inc. OVV$456M49%Jun 2026
Matador Resources Company MTDR$391M161%Jun 2026
Vista Energy, S.A.B. de C.V. VIST$322M37%Jun 2026
EQT Corporation EQT$281M−67%Jun 2026
Antero Resources Corporation AR$279M78%Jun 2026
Murphy Oil Corporation MUR$264M654%Jun 2026
Northern Oil and Gas, Inc. NOG$237M137%Jun 2026
CNX Resources Corporation CNX$203M−53%Jun 2026
Range Resources Corporation RRC$195M−18%Jun 2026
Magnolia Oil & Gas Corporation MGY$179M132%Jun 2026
Baytex Energy Corp. BTE$175M15%Jun 2026
Texas Pacific Land Corporation TPL$154M33%Jun 2026
Talos Energy Inc. TALO$150M−209%Jun 2026
Black Stone Minerals, L.P. BSM$99M−12%Jun 2026
Gulfport Energy Corporation GPOR$87M−47%Jun 2026
Comstock Resources, Inc. CRK$9M−93%Jun 2026

What to watch

Watch whether the next two comparable periods confirm the current profit growth rather than reversing it.

Which Oil & Gas Exploration & Production companies earn the best return on capital?

Texas Pacific Land Corporation has the highest ROCE among the 30 Oil & Gas Exploration & Production companies compared here, at 38.2%. Gulfport Energy Corporation is next at 24.8%. Expand Energy Corporation has the highest ROCE change at +12 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: Texas Pacific Land Corporation leads ROCE at 38.2%, 13.4 percentage points above Gulfport Energy Corporation. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

Texas Pacific Land Corporation · 38.2%Leader
54% versus #2 · Gulfport Energy CorporationGap
4/8 recent comparable periodsPersistence
30/30 companies · 596 observationsCoverage

What this means: Texas Pacific Land Corporation sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on capital · company comparison

ROCE, by reported quarter

  • Texas Pacific Land Corporation 38%
  • Gulfport Energy Corporation 25%
  • Black Stone Minerals, L.P. 22%
  • APA Corporation 22%
  • Magnolia Oil & Gas Corporation 20%
ROCE, by reported quarter
QuarterTexas Pacific Land CorporationGulfport Energy CorporationBlack Stone Minerals, L.P.APA CorporationMagnolia Oil & Gas Corporation
Sep 202145%−46%7.2%19%32%
Dec 202152%4.0%16%26%39%
Mar 202254%−50%15%45%47%
Jun 202271%−5.5%24%45%53%
Sep 202272%30%36%47%55%
Dec 202267%31%39%50%48%
Mar 202361%76%50%33%43%
Jun 202354%64%46%37%33%
Sep 202346%53%38%34%25%
Dec 202344%34%34%27%22%
Mar 202444%18%29%25%22%
Jun 202442%14%29%19%22%
Sep 202448%14%31%13%21%
Dec 202445%5.4%23%13%20%
Mar 202544%2.7%19%14%20%
Jun 202542%13%23%14%19%
Sep 202541%17%23%19%18%
Dec 202538%23%24%18%17%
Mar 202638%31%24%18%16%
Jun 202638%25%22%22%20%

ROCE change, by reported quarter

  • Texas Pacific Land Corporation −3.7 pp
  • Gulfport Energy Corporation +11.7 pp
  • Black Stone Minerals, L.P. −0.6 pp
  • APA Corporation +7.5 pp
  • Magnolia Oil & Gas Corporation +0.7 pp
ROCE change, by reported quarter
QuarterTexas Pacific Land CorporationGulfport Energy CorporationBlack Stone Minerals, L.P.APA CorporationMagnolia Oil & Gas Corporation
Sep 2021—————
Dec 2021—————
Mar 2022—————
Jun 2022—————
Sep 2022+26.7 pp+76.0 pp+28.9 pp+28.3 pp+23.4 pp
Dec 2022+15.2 pp+27.2 pp+23.1 pp+24.6 pp+8.9 pp
Mar 2023+6.4 pp+125.9 pp+34.7 pp−11.7 pp−4.7 pp
Jun 2023−17.9 pp+69.4 pp+21.9 pp−7.4 pp−20.5 pp
Sep 2023−25.6 pp+23.3 pp+2.3 pp−13.2 pp−29.7 pp
Dec 2023−23.4 pp+2.3 pp−4.8 pp−23.4 pp−26.2 pp
Mar 2024−17.2 pp−57.5 pp−20.2 pp−8.1 pp−21.0 pp
Jun 2024−11.7 pp−49.6 pp−17.4 pp−18.6 pp−11.0 pp
Sep 2024+1.3 pp−39.2 pp−7.1 pp−20.7 pp−4.5 pp
Dec 2024+1.5 pp−28.1 pp−11.1 pp−14.5 pp−1.7 pp
Mar 2025+0.2 pp−15.7 pp−10.0 pp−11.0 pp−1.2 pp
Jun 2025+0.1 pp−1.2 pp−6.1 pp−4.8 pp−2.6 pp
Sep 2025−6.9 pp+3.7 pp−8.8 pp+6.4 pp−2.8 pp
Dec 2025−7.1 pp+17.1 pp+0.5 pp+5.1 pp−3.4 pp
Mar 2026−5.8 pp+27.8 pp+4.4 pp+4.2 pp−4.2 pp
Jun 2026−3.7 pp+11.7 pp−0.6 pp+7.5 pp+0.7 pp

30 of 30 companies report ROCE, 30 of 30 ROCE change. The ROCE change chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Return on capital, every company
CompanyROCEROCE changeReported
Texas Pacific Land Corporation TPL38%−3.7 ppJun 2026
Gulfport Energy Corporation GPOR25%+11.7 ppJun 2026
Black Stone Minerals, L.P. BSM22%−0.6 ppJun 2026
APA Corporation APA22%+7.5 ppJun 2026
Magnolia Oil & Gas Corporation MGY20%+0.7 ppJun 2026
EOG Resources, Inc. EOG18%+0.2 ppJun 2026
Range Resources Corporation RRC18%+7.3 ppJun 2026
Vista Energy, S.A.B. de C.V. VIST16%+1.1 ppJun 2026
Ovintiv Inc. OVV16%+2.9 ppJun 2026
Expand Energy Corporation EXE15%+12.0 ppJun 2026
CNX Resources Corporation CNX15%+11.1 ppJun 2026
Canadian Natural Resources Limited CNQ14%−0.5 ppJun 2026
ConocoPhillips COP13%+0.4 ppJun 2026
Permian Resources Corporation PR13%+0.6 ppJun 2026
Antero Resources Corporation AR11%+6.4 ppJun 2026
EQT Corporation EQT11%+5.3 ppJun 2026
SM Energy Company SM10%−4.2 ppJun 2026
Matador Resources Company MTDR9.8%−4.2 ppJun 2026
Chord Energy Corporation CHRD9.5%+4.1 ppJun 2026
Baytex Energy Corp. BTE8.8%+3.9 ppJun 2026
Occidental Petroleum Corporation OXY8.7%+3.5 ppJun 2026
Northern Oil and Gas, Inc. NOG8.0%−13.6 ppJun 2026
Devon Energy Corporation DVN7.6%−7.2 ppJun 2026
Murphy Oil Corporation MUR5.9%+0.8 ppJun 2026
Crescent Energy Company CRGY5.0%+1.1 ppJun 2026
Comstock Resources, Inc. CRK4.9%+2.4 ppJun 2026
Woodside Energy Group Ltd WDS4.8%−0.4 ppJun 2026
Diamondback Energy, Inc. FANG2.2%−5.7 ppJun 2026
Talos Energy Inc. TALO0.5%−3.6 ppJun 2026
California Resources Corporation CRC0.4%−18.5 ppJun 2026

What to watch

Watch whether the next two comparable periods confirm the current roce change rather than reversing it.

How are Oil & Gas Exploration & Production stocks valued against growth and quality?

Diamondback Energy, Inc. has the lowest PEG among the 30 Oil & Gas Exploration & Production companies compared here, at 0.1×. APA Corporation is next at 0.12×. California Resources Corporation has the lowest P/E at −38.8×, so level and change sit with different companies. 16 of 30 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Diamondback Energy, Inc. has the lowest comparable PEG at 0.1×, 16.7% below APA Corporation. That would need today's multiple, the company's own history and steady growth to agree.

Diamondback Energy, Inc. · 0.1×Leader
16.7% versus #2 · APA CorporationGap
0/8 recent comparable periodsPersistence
16/30 companies · 62 observationsCoverage

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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 worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. 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

PEG, by reported quarter

  • Diamondback Energy, Inc. 0.1
  • APA Corporation 0.1
  • Occidental Petroleum Corporation 0.2
  • Canadian Natural Resources 0.2
  • Vista Energy, S.A.B. de C.V. 0.3
PEG, by reported quarter
QuarterDiamondback Energy, Inc.APA CorporationOccidental Petroleum CorporationCanadian Natural ResourcesVista Energy, S.A.B. de C.V.
Sep 2021—————
Dec 2021—————
Mar 2022—————
Jun 2022—————
Sep 2022—————
Dec 2022—————
Mar 20230.1—0.21.3—
Jun 2023—————
Sep 2023————0.2
Dec 2023————0.2
Mar 2024—0.1———
Jun 2024————0.3
Sep 2024———1.30.1
Dec 2024————0.6
Mar 2025———2.30.3
Jun 2025———0.90.3
Sep 2025————0.2
Dec 2025————0.2
Mar 2026—0.2—0.50.2
Jun 2026—0.1—0.20.3

P/E, by reported quarter

  • Diamondback Energy, Inc. 33.9×
  • APA Corporation 6.9×
  • Occidental Petroleum Corporation 7.4×
  • Canadian Natural Resources 9.9×
  • Vista Energy, S.A.B. de C.V. 8.6×
P/E, by reported quarter
QuarterDiamondback Energy, Inc.APA CorporationOccidental Petroleum CorporationCanadian Natural ResourcesVista Energy, S.A.B. de C.V.
Sep 202139.9×—−24.5×9.4×341.2×
Dec 20219.0×10.0×17.9×8.2×9.2×
Mar 20229.0×5.8×8.2×9.6×13.3×
Jun 20225.6×3.9×5.5×7.0×4.2×
Sep 20224.9×3.1×4.8×6.0×3.8×
Dec 20225.5×4.1×4.6×7.6×5.2×
Mar 20235.8×5.5×6.4×8.5×5.0×
Jun 20236.9×7.1×9.0×10.7×6.8×
Sep 20238.8×8.3×12.9×13.4×8.5×
Dec 20238.9×3.9×14.0×11.4×7.3×
Mar 202411.1×3.8×16.5×15.0×11.5×
Jun 202410.3×3.8×14.4×13.5×10.2×
Sep 202415.9×—13.1×12.5×7.7×
Dec 202414.4×10.6×—15.3×11.0×
Mar 202511.7×7.5×19.2×12.3×9.3×
Jun 202510.5×6.1×24.5×10.8×8.7×
Sep 20259.9×5.8×33.6×14.0×4.9×
Dec 2025—6.1×—9.0×7.0×
Mar 2026197.3×9.8×16.1×14.6×10.5×
Jun 202633.9×6.9×7.4×9.9×8.6×

16 of 30 companies report PEG, 30 of 30 P/E.

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Valuation, every company
CompanyPEGP/EReported
Texas Pacific Land Corporation TPL3.255.8×Jun 2026
EQT Corporation EQT1.812.3×Jun 2026
Matador Resources Company MTDR0.98.5×Jun 2026
Range Resources Corporation RRC0.810.2×Jun 2026
Northern Oil and Gas, Inc. NOG0.6−4.0×Jun 2026
Magnolia Oil & Gas Corporation MGY0.611.3×Jun 2026
Baytex Energy Corp. BTE0.629.1×Jun 2026
EOG Resources, Inc. EOG0.410.1×Jun 2026
Permian Resources Corporation PR0.412.5×Jun 2026
SM Energy Company SM0.36.3×Jun 2026
Black Stone Minerals, L.P. BSM0.311.7×Jun 2026
Ovintiv Inc. OVV0.316.1×Jun 2026
ConocoPhillips COP0.313.7×Jun 2026
Vista Energy, S.A.B. de C.V. VIST0.38.6×Jun 2026
Canadian Natural Resources Limited CNQ0.29.9×Jun 2026
Occidental Petroleum Corporation OXY0.27.4×Jun 2026
California Resources Corporation CRC0.1−38.8×Jun 2026
APA Corporation APA0.16.9×Jun 2026
Diamondback Energy, Inc. FANG0.133.9×Jun 2026
Devon Energy Corporation DVN—14.5×Jun 2026
Woodside Energy Group Ltd WDS—12.1×Jun 2026
Expand Energy Corporation EXE—7.8×Jun 2026
Antero Resources Corporation AR—10.1×Jun 2026
Chord Energy Corporation CHRD—7.6×Jun 2026
Murphy Oil Corporation MUR—15.9×Jun 2026
CNX Resources Corporation CNX—5.1×Jun 2026
Crescent Energy Company CRGY—59.2×Jun 2026
Comstock Resources, Inc. CRK—8.7×Jun 2026
Gulfport Energy Corporation GPOR—6.5×Jun 2026
Talos Energy Inc. TALO—−5.3×Jun 2026

What to watch

Watch whether the next two comparable periods confirm the current p/e rather than reversing it.

What can make this comparison misleading?

This Oil & Gas Exploration & Production comparison names 4 specific ways its own evidence can mislead, all listed below. All 30 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still come from a very small starting figure.

Keep these limits visible

  • A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
  • The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

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 4 November 2026.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 4 November 2026 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and old evidence lowers confidence and pulls the 0 to 100 score toward the middle.

What else do people ask about Oil & Gas Exploration & Production stocks?

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 4 November 2026. 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 done better than the S&P 500 by 11.2% over 52 weeks and by 4.9% over 13 weeks.

11 of 30 companies we track are beating the S&P 500 on relative strength (how a share price has done against the index over recent months), and 13 of 30 are ahead of the industry itself.

Which Oil & Gas Exploration & Production company is largest by revenue?

ConocoPhillips leads with revenue of $64,505 million, based on 28 of 30 comparable companies through Jun 2026.

Which Oil & Gas Exploration & Production company is growing fastest?

Vista Energy, S.A.B. de C.V. has the fastest current revenue growth at 77.8%, across 28 of 30 comparable companies.

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

APA Corporation ranks first at 75.4 out of 100, with 85.3% of the evidence available. The score ranks published data; it is not a recommendation.

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

Diamondback Energy, Inc. has the lowest comparable PEG at 0.1, among 16 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 parts add up 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 old evidence moves only that part toward the middle.

Which Oil & Gas Exploration & Production company is the biggest?

ConocoPhillips is the largest, with revenue of $64,505 million over the last 12 months, ahead of Canadian Natural Resources Limited at $44,676 million. That covers 28 of 30 companies with comparable reporting through Jun 2026.

Which Oil & Gas Exploration & Production company has the best profit margins?

Black Stone Minerals, L.P. has the highest operating margin at 95.4%, from 30 of 30 comparable companies. Chord Energy Corporation shows the biggest improvement (+63.5 percentage points; the chart above shows the starting level).

A high margin matters most when it is steady or rising, not when it is at a peak.

Which Oil & Gas Exploration & Production company makes the most profit?

Canadian Natural Resources Limited earns the most, at $11,754 million of net profit over the last 12 months, from 28 of 30 comparable companies.

Antero Resources Corporation has the fastest profit growth at the 100% cap of the scoring scale, 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?

Texas Pacific Land Corporation leads on return on capital employed at 38.2%, across 30 of 30 companies. A high return that repeats for years shows a lasting business, while a single high reading can come from a small capital base or one good year.

Which Oil & Gas Exploration & Production stock has the lowest PEG ratio?

On PEG (where a lower number means a lower price for what the company earns), Diamondback Energy, Inc. has the lowest at 0.1×. Only 16 of 30 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a ranking of the whole industry.

A low multiple is a reason to look closer at the business, not a conclusion on its own.

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

Oil & Gas Exploration & Production has done better than the S&P 500 by 11.2% over the last 52 weeks and by 4.9% over 13 weeks, measured on an equal-weight index of its current members.

Inside the sector, 11 of the 30 companies we track 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?

Range Resources Corporation has the strongest relative strength against the S&P 500, meaning its share price has done best against the index. A price can move well before the business results back it up, and sometimes without them.

Which Oil & Gas Exploration & Production company has the highest 4-Factor score?

APA Corporation scores 75.4 out of 100, with 85.3% of the evidence available, from 22.3 points on growth and earnings, 19 on capital efficiency, 15.6 on valuation and 18.5 on relative strength. It ranks published data only; management quality, upcoming events and risks are not part of the score.

How many Oil & Gas Exploration & Production companies does this comparison cover, and over what period?

This comparison covers 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 $762,417 million of combined market value. ConocoPhillips is the largest at $164,475 million, about 22% of the sector's total on its own. Market value moves with price, so this reading is dated 4 November 2026.

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 10.2×, measured on the 27 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 4 November 2026.

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

11 of the 30 Oil & Gas Exploration & Production companies we track are doing better than the S&P 500 on relative strength (how a share price has done against the index over recent months).

The sector itself is 11.2% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members.

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 figures are never estimated, copied forward or swapped for a similar-looking line, and a company with missing evidence has its score pulled toward the middle rather than scored as bad.

Is this advice?

No, every figure here is worked out by code from company filings and market data, for research. It does not account for your situation and is not a substitute for advice from a registered adviser.

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Every US industry against its index · What changed this week · Plain-text data
Sector Alpha, written by code from the published numbers · Fundamentals through Jun 2026 · Prices through 4 November 2026. Every ranking is worked out by code from reported figures. Missing values stay missing.

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This is research, not advice. We’re not SEBI-registered.