18 industries 242 companies value 5.0 tn revenue 3.4 tn
| Industry | n | Value | Revenue | Margin | Cash | Group leader | Concentration |
|---|---|---|---|---|---|---|---|
| Integrated oil | 5 | 1.8 tn | 1.3 tn | 7.9% | 169 bn | XOM 40.5% | Open contest |
| Exploration and production (E&P) | 51 | 611 bn | 223 bn | 15.5% | 88 bn | COP 28.6% | Open contest |
| Midstream and pipelines | 18 | 531 bn | 195 bn | 11.7% | 13 bn | ENB 19.4% | Evenly matched |
| National and state oil companies | 5 | 429 bn | 359 bn | 10.5% | 64 bn | PBR 38.4% | Open contest |
| Refining and marketing | 10 | 425 bn | 545 bn | 5.0% | 35 bn | MPC 31.3% | Open contest |
| Canadian oil producers | 8 | 343 bn | 140 bn | 12.0% | 22 bn | CNQ 32.9% | Open contest |
| Oilfield services and equipment | 27 | 225 bn | 135 bn | 7.8% | 15 bn | SLB 32.4% | Open contest |
| Midstream MLPs (partnerships) | 10 | 191 bn | 190 bn | 8.5% | 14 bn | EPD 41.7% | Open contest |
| LNG and gas exports | 11 | 135 bn | 54 bn | 16.0% | -7.3 bn | LNG 43.9% | Comfortable leader |
| Natural gas (E&P) | 11 | 95 bn | 42 bn | 23.0% | 11 bn | EQT 36.0% | Open contest |
| Oil and land royalties | 9 | 55 bn | 4.3 bn | 24.9% | 3.0 bn | TPL 43.1% | Comfortable leader |
| Uranium and nuclear fuel | 17 | 55 bn | 3.4 bn | -0.5% | 0.2 bn | CCJ 63.8% | Clear leader |
| Subsea and offshore equipment | 3 | 33 bn | 15 bn | 10.7% | 2.0 bn | FTI 82.1% | Clear leader |
| Offshore drilling | 5 | 24 bn | 12 bn | -6.8% | 1.3 bn | NE 29.1% | Open contest |
| Coal | 11 | 21 bn | 17 bn | 1.4% | 0.8 bn | HCC 21.2% | Evenly matched |
| Fracking and pressure pumping services | 13 | 19 bn | 19 bn | -2.7% | -0.7 bn | PTEN 24.6% | Evenly matched |
| Biofuels | 14 | 14 bn | 12 bn | 4.9% | 0.9 bn | DAR 68.5% | Clear leader |
| Fuel distribution | 14 | 13 bn | 93 bn | 0.6% | 1.4 bn | UGP 62.8% | Clear leader |
The 20 largest companies in the sector
| Rank | Ticker | Company | Industry | Value | Revenue | Margin | FCF |
|---|---|---|---|---|---|---|---|
| 1 | XOM | Exxon Mobil United States · score 6.6 | Integrated oil | 733 bn | 369 bn | 8.9% | 31 bn |
| 2 | CVX | Chevron United States · score 6.9 | Integrated oil | 443 bn | 215 bn | 9.6% | 27 bn |
| 3 | SHEL | Shell plc United Kingdom · score 7.6 | Integrated oil | 298 bn | 297 bn | 8.8% | 49 bn |
| 4 | TTE | TotalEnergies France · score 7.9 | Integrated oil | 199 bn | 215 bn | 8.4% | 33 bn |
| 5 | COP | ConocoPhillips United States · score 7.9 | Exploration and production (E&P) | 175 bn | 63 bn | 14.7% | 22 bn |
| 6 | PBR | Petrobras Brazil · score 8.2 | National and state oil companies | 165 bn | 104 bn | 24.6% | 41 bn |
| 7 | BP | BP plc United Kingdom · score 7.8 | Integrated oil | 136 bn | 220 bn | 3.1% | 29 bn |
| 8 | MPC | Marathon Petroleum United States · score 6.9 | Refining and marketing | 133 bn | 154 bn | 5.6% | 13 bn |
| 9 | VLO | Valero Energy United States · score 7.0 | Refining and marketing | 125 bn | 139 bn | 5.2% | 8.9 bn |
| 10 | PSX | Phillips 66 United States · score 6.7 | Refining and marketing | 116 bn | 152 bn | 4.7% | 8.9 bn |
| 11 | EQNR | Equinor Norway · score 6.8 | National and state oil companies | 115 bn | 106 bn | 4.8% | 6.0 bn |
| 12 | CNQ | Canadian Natural Resources Canada · score 7.7 | Canadian oil producers | 113 bn | 28 bn | 27.9% | 11 bn |
| 13 | ENB | Enbridge Canada · score 5.3 | Midstream and pipelines | 103 bn | 59 bn | 7.3% | 1.2 bn |
| 14 | SU | Suncor Energy Canada · score 5.4 | Canadian oil producers | 94 bn | 37 bn | 11.3% | — |
| 15 | E | Eni S.p.A. Italy · score 5.6 | National and state oil companies | 93 bn | 92 bn | 3.4% | 5.2 bn |
| 16 | WMB | Williams Companies United States · score 2.7 | Midstream and pipelines | 86 bn | 12 bn | 25.2% | -0.1 bn |
| 17 | EOG | EOG Resources United States · score 7.9 | Exploration and production (E&P) | 83 bn | 27 bn | 25.4% | 13 bn |
| 18 | EPD | Enterprise Products Partners United States · score 5.5 | Midstream MLPs (partnerships) | 80 bn | 58 bn | 10.8% | 3.5 bn |
| 19 | KMI | Kinder Morgan United States · score 6.2 | Midstream and pipelines | 74 bn | 18 bn | 19.3% | 3.2 bn |
| 20 | SLB | SLB (Schlumberger) United States · score 6.9 | Oilfield services and equipment | 73 bn | 36 bn | 8.5% | 4.8 bn |
Other sectors
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.