Energy & Resources
Energy producers, refiners, pipelines, mining, and resource businesses. This page compares reported financial scale with the customer needs and operating signals that shape sector performance.
- Companies
- 25
- Average revenue
- $49.6B
- Average margin
- 18.0%
- Average growth
- 8.3%
What this industry is really competing to solve
Demand emerges when economies need reliable energy or materials at the right place, specification, and time. The deeper motives are continuity, security, control, and resilience. This is why the competitive set extends beyond companies with the same industry code.
Customers can also choose alternative fuels or materials, efficiency, recycling, inventories, and demand destruction. Industry growth becomes durable only when companies make the desired progress easier than those alternatives.
How demand becomes profit and cash
The common mechanism is converting reserves, throughput, commodity spreads, and capital discipline into cash across cycles. Across the industry, the decisive investment question is whether reinvestment earns through-cycle returns rather than chasing peak commodity prices.
Average operating profit is $4.9B, but the spread between leaders and laggards matters more than the average alone. Compare scale, margin, growth, and the leading indicators together.
Energy & Resources companies
| Company | Revenue | Operating profit | Margin | Growth |
|---|---|---|---|---|
| Exxon Mobil XOM | $332.2B | $28.8B | 8.7% | -5.0% |
| Chevron CVX | $189B | $12.3B | 6.5% | -6.8% |
| Marathon Petroleum MPC | $132.7B | $8.3B | 6.2% | -4.4% |
| Phillips 66 PSX | $132.4B | $4.4B | 3.3% | -7.5% |
| Valero Energy VLO | $122.7B | $3.2B | 2.6% | -5.5% |
| ConocoPhillips COP | $58.9B | $8B | 13.6% | +7.7% |
| SLB SLB | $35.7B | $3.4B | 9.4% | -1.6% |
| ONEOK OKE | $33.6B | $5.7B | 17.1% | +55.0% |
| NextEra Energy NEE | $27.4B | $8.3B | 30.2% | +10.7% |
| Freeport-McMoRan FCX | $25.9B | $6.5B | 25.2% | +1.8% |
| Newmont NEM | $22.7B | $7.1B | 31.3% | +21.3% |
| EOG Resources EOG | $22.6B | $6.4B | 28.2% | -4.5% |
| Halliburton HAL | $22.2B | $2.3B | 10.2% | -3.3% |
| Occidental Petroleum OXY | $21.6B | $3.1B | 14.5% | -5.0% |
| Kinder Morgan KMI | $16.9B | $4.7B | 27.9% | +12.2% |
| The Williams Companies WMB | $12B | $4.2B | 35.1% | +13.8% |
| Antero Resources AR | $5.3B | $884M | 16.8% | +22.0% |
| Permian Resources PR | $5.1B | $1.5B | 28.9% | +1.3% |
| Chord Energy CHRD | $4.9B | $197M | 4.0% | -7.1% |
| Matador Resources MTDR | $3.7B | $1.2B | 33.2% | +5.4% |
| Range Resources RRC | $3.1B | $658M | 21.1% | +28.9% |
| Murphy Oil MUR | $2.7B | $104M | 3.8% | -10.2% |
| Northern Oil and Gas NOG | $2.5B | $246M | 9.9% | +11.2% |
| CNX Resources CNX | $2.2B | $633M | 28.3% | +76.7% |
| Magnolia Oil & Gas MGY | $1.3B | $439M | 33.5% | -0.3% |
