Shares of Occidental Petroleum Rank the Highest in Terms of Forward P/E Ratio in the Integrated Oil & Gas Industry (OXY, CVX, XOM, BP, LUKOY)
Below are the three companies in the Integrated Oil & Gas industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.
Occidental Petroleum ranks highest with a a forward P/E ratio of 65.49. Chevron is next with a a forward P/E ratio of 25.44. Exxon Mobil ranks third highest with a a forward P/E ratio of 23.16.
BP follows with a a forward P/E ratio of 16.69, and Lukoil OAO rounds out the top five with a a forward P/E ratio of 6.55.
SmarTrend recommended that subscribers consider buying shares of Exxon Mobil on February 5th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $79.33. Since that recommendation, shares of Exxon Mobil have risen 19.6%. We continue to monitor Exxon Mobil for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward p/e ratio Occidental Petroleum Chevron Exxon Mobil lukoil oao