Energy sector
ENERGY · SECTOR · MARKET VIEW
Market view · as of Oct 10, 2026
Energy's largest names show strong trailing growth with modest valuation dispersion: Exxon Mobil ($692.9B market cap) trades at 21.69x earnings on 44.1% revenue growth, while Chevron ($415.0B) carries a 20.36x multiple on 53.5% growth and a 21.9% margin. ConocoPhillips is the cheapest of the group at 17.77x with the widest margin at 31.5%, and Schlumberger, at 23.66x, is the priciest despite the slowest revenue growth (5.0%) and thinnest margin (12.7%). Headlines skew constructive on Venezuela, with Chevron and Halliburton reportedly nearing billion-dollar deals and SLB preparing to restart 15 rigs there, though one commentator flagged the broader oil market as being in dire straits.
Constituents
| Company | Market cap | P/E | Rev growth (YoY) | Op margin |
|---|---|---|---|---|
| XOM | $692.86B | 21.69 | 44.1% | 15.9% |
| CVX | $414.98B | 20.36 | 53.5% | 21.9% |
| COP | $161.21B | 17.77 | 35.5% | 31.5% |
| SLB | $72.69B | 23.66 | 5.0% | 12.7% |
Recent news
- Bullish SLB Awarded Digital Drilling Contract by TotalEnergies · 2026-10-09
- Somewhat-Bearish Oil market is in dire straits, says Cohen and Steers' Tyler Rosenlicht · 2026-09-15
- Somewhat-Bullish 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
Sources this view read
- fundamentals Energy constituent fundamentals (Alpha Vantage)