Energy sector
ENERGY · SECTOR · MARKET VIEW
Market view · as of Oct 9, 2026
XOM
$674.56B
+44.1% rev YoY
CVX
$402.42B
+53.5% rev YoY
COP
$155.98B
+35.5% rev YoY
SLB
$74.21B
+5.0% rev YoY
Energy majors show strong revenue momentum with double-digit YoY growth across the group, led by Chevron at 53.5% and Exxon Mobil at 44.1%, while Schlumberger trails at 5%. Margins vary widely, from ConocoPhillips at 31.5% and Chevron at 21.9% down to Schlumberger at 12.7%. Valuations are modest, with ConocoPhillips the cheapest at a 17.2 P/E and Schlumberger the richest at 24.15. Headlines skew constructive on Venezuela, where Chevron and Halliburton are nearing billion-dollar deals and SLB is preparing to restart 15 rigs, though one commentator flagged the oil market as being in dire straits.
Constituents
| Company | Market cap | P/E | Rev growth (YoY) | Op margin |
|---|---|---|---|---|
| XOM | $674.56B | 21.11 | 44.1% | 15.9% |
| CVX | $402.42B | 19.74 | 53.5% | 21.9% |
| COP | $155.98B | 17.2 | 35.5% | 31.5% |
| SLB | $74.21B | 24.15 | 5.0% | 12.7% |
Recent news
- Somewhat-Bearish Oil market is in dire straits, says Cohen and Steers' Tyler Rosenlicht · 2026-09-15
- Neutral Chevron and Halliburton Near Billion-Dollar Venezuela Oil Deals · 2026-08-31
- Somewhat-Bullish Chevron and Halliburton are nearing billion-dollar deals to invest in Venezuelan oil · 2026-08-29
- Somewhat-Bullish CVX, HAL Stocks Gain — Chevron, Halliburton Reportedly Eye Venezuela Oil Opportunities · 2026-08-28
- Somewhat-Bullish SLB Prepares to Restart 15 Oil Rigs in Venezuela · 2026-08-19
- Somewhat-Bullish ExxonMobil commits $1.1 billion before final approval of its $30 billion Mozambique LNG project · 2026-08-18
Sources this view read
- fundamentals Energy constituent fundamentals (Alpha Vantage)