Top Energy Stocks by Return on Equity
Top energy companies ranked by return on equity, latest annual filings.
What Return on Equity Means for Energy Companies
Return on Equity divides net income by shareholder equity and shows how efficiently capital produces profit. In energy, the ratio is strongly commodity-dependent, producing dramatic swings between cycle peaks and troughs in oil and gas pricing. A multi-year average across a full commodity cycle reveals capital-allocation discipline, while a single-year reading taken at a price extreme tells you very little about through-cycle efficiency or management's ability to compound per-share value.
Why It Matters Less in Energy
Energy Return on Equity is genuinely informative when averaged over a complete cycle because it reveals capital efficiency across price environments rather than in a single favorable year. However, peak-cycle readings can encourage value-destructive behavior, such as acquisitions and buybacks near price highs, that compresses subsequent-cycle Return on Equity. The sector's historical capital-allocation record at cycle extremes matters as much as any point reading.
What to Read Alongside
Pair Return on Equity with [Net Income](/financials/top-net-income-stocks/energy/) to see the numerator through commodity cycles, [Long-term Debt](/financials/most-indebted-stocks/energy/) to check the leverage contribution, and [CapEx](/financials/biggest-capex-stocks/energy/) to see the reinvestment intensity required to sustain production.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | LNG | Cheniere Energy, Inc. | Energy | 85.84% | $50.05B |
| 2 | HESM | Hess Midstream LP | Energy | 80.59% | $4.98B |
| 3 | TRGP | Targa Resources Corp. | Energy | 62.68% | $56.69B |
| 4 | NBR | Nabors Industries Ltd. | Energy | 48.52% | $1.42B |
| 5 | DEC | Diversified Energy Company | Energy | 34.66% | $1.00B |
| 6 | MPLX | MPLX LP | Energy | 34.09% | $57.31B |
| 7 | OII | Oceaneering International, Inc. | Energy | 33.04% | $3.71B |
| 8 | TPL | Texas Pacific Land Corporation | Energy | 33.00% | $26.89B |
| 9 | VAL | Valaris Limited | Energy | 30.89% | $6.13B |
| 10 | FTI | TechnipFMC plc | Energy | 28.66% | $26.64B |
| 11 | VIST | Vista Energy, S.A.B. de C.V. | Energy | 28.63% | $8.29B |
| 12 | WES | Western Midstream Partners, LP | Energy | 28.37% | $17.47B |
| 13 | FTK | Flotek Industries, Inc. | Energy | 27.00% | $0.85B |
| 14 | BSM | Black Stone Minerals, L.P. | Energy | 26.58% | $2.95B |
| 15 | PBR | Petróleo Brasileiro S.A. - Petrobras | Energy | 25.98% | $114.39B |
| 16 | WFRD | Weatherford International plc | Energy | 25.37% | $6.99B |
| 17 | REPX | Riley Exploration Permian, Inc. | Energy | 25.36% | $0.75B |
| 18 | PROP | Prairie Operating Co. | Energy | 24.62% | $0.08B |
| 19 | PARR | Par Pacific Holdings, Inc. | Energy | 24.44% | $2.79B |
| 20 | TDW | Tidewater Inc. | Energy | 24.43% | $3.60B |
| 21 | APA | APA Corporation | Energy | 23.54% | $12.93B |
| 22 | MPC | Marathon Petroleum Corporation | Energy | 23.37% | $76.49B |
| 23 | GPOR | Gulfport Energy Corporation | Energy | 23.33% | $3.02B |
| 24 | AROC | Archrock, Inc. | Energy | 21.61% | $5.99B |
| 25 | NRP | Natural Resource Partners L.P. | Energy | 21.56% | $1.40B |
| 26 | LB | LandBridge Company LLC | Energy | 21.27% | $1.96B |
| 27 | AM | Antero Midstream Corporation | Energy | 21.20% | $10.22B |
| 28 | WMB | The Williams Companies, Inc. | Energy | 20.44% | $88.01B |
| 29 | GPRK | GeoPark Limited | Energy | 20.21% | $0.68B |
| 30 | NCSM | NCS Multistage Holdings, Inc. | Energy | 18.81% | $0.14B |
| 31 | DMLP | Dorchester Minerals, L.P. | Energy | 18.79% | $1.33B |
| 32 | DHT | DHT Holdings, Inc. | Energy | 18.62% | $2.68B |
| 33 | TNK | Teekay Tankers Ltd. | Energy | 17.18% | $2.50B |
| 34 | DVN | Devon Energy Corporation | Energy | 17.01% | $51.07B |
| 35 | LPG | Dorian LPG Ltd. | Energy | 17.00% | $1.78B |
| 36 | NFG | National Fuel Gas Company | Energy | 16.76% | $7.36B |
| 37 | ARLP | Alliance Resource Partners, L.P. | Energy | 16.73% | $3.30B |
| 38 | EOG | EOG Resources, Inc. | Energy | 16.69% | $73.39B |
| 39 | MGY | Magnolia Oil & Gas Corporation | Energy | 16.27% | $5.09B |
| 40 | SOBO | South Bow Corporation | Energy | 15.98% | $7.69B |
| 41 | INSW | International Seaways, Inc. | Energy | 15.31% | $4.01B |
| 42 | RRC | Range Resources Corporation | Energy | 15.24% | $9.21B |
| 43 | PSX | Phillips 66 | Energy | 15.13% | $73.40B |
| 44 | FRO | Frontline plc | Energy | 15.10% | $7.83B |
| 45 | OKE | ONEOK, Inc. | Energy | 15.09% | $55.60B |
| 46 | BWLP | BW LPG Limited | Energy | 15.05% | $3.11B |
| 47 | CRK | Comstock Resources, Inc. | Energy | 14.95% | $3.82B |
| 48 | CNX | CNX Resources Corporation | Energy | 14.60% | $4.75B |
| 49 | GLP | Global Partners LP | Energy | 14.50% | $1.67B |
| 50 | CKX | CKX Lands, Inc. | Energy | 14.04% | $0.02B |
| 51 | BKR | Baker Hughes Company | Energy | 13.74% | $62.09B |
| 52 | SD | SandRidge Energy, Inc. | Energy | 13.74% | $0.55B |
| 53 | WHD | Cactus, Inc. | Energy | 13.54% | $3.93B |
| 54 | SM | SM Energy Company | Energy | 13.47% | $7.72B |
| 55 | MTDR | Matador Resources Company | Energy | 13.42% | $6.65B |
| 56 | DLNG | Dynagas LNG Partners LP | Energy | 13.03% | $0.14B |
| 57 | TRMD | TORM plc | Energy | 12.98% | $2.91B |
| 58 | SLB | SLB N.V. | Energy | 12.92% | $82.03B |
| 59 | CLCO | Cool Company Ltd. | Energy | 12.89% | $0.51B |
| 60 | KRP | Kimbell Royalty Partners, LP | Energy | 12.89% | $1.51B |
| 61 | CIVI | Civitas Resources, Inc. | Energy | 12.65% | $2.34B |
| 62 | EQNR | Equinor ASA | Energy | 12.49% | $92.02B |
| 63 | COP | ConocoPhillips | Energy | 12.39% | $142.71B |
| 64 | HAL | Halliburton Company | Energy | 12.26% | $32.73B |
| 65 | PNRG | PrimeEnergy Resources Corporation | Energy | 12.20% | $0.30B |
| 66 | VTOL | Bristow Group Inc. | Energy | 12.18% | $1.23B |
| 67 | TS | Tenaris S.A. | Energy | 11.73% | $31.02B |
| 68 | CTRA | Coterra Energy Inc. | Energy | 11.57% | $24.72B |
| 69 | TTE | TotalEnergies SE | Energy | 11.37% | $197.04B |
| 70 | CLB | Core Laboratories Inc. | Energy | 11.15% | $0.60B |
| 71 | XOM | Exxon Mobil Corporation | Energy | 11.12% | $621.41B |
| 72 | OVV | Ovintiv Inc. | Energy | 11.09% | $15.93B |
| 73 | STNG | Scorpio Tankers Inc. | Energy | 10.76% | $3.78B |
| 74 | MRC | MRC Global Inc. | Energy | 10.66% | $1.17B |
| 75 | TMDE | TMD Energy Limited | Energy | 10.50% | $0.02B |
| 76 | FLNG | FLEX LNG Ltd. | Energy | 10.40% | $1.61B |
| 77 | SHEL | Shell plc | Energy | 10.33% | $237.10B |
| 78 | LEU | Centrus Energy Corp. | Energy | 10.19% | $3.18B |
| 79 | VLO | Valero Energy Corporation | Energy | 9.90% | $75.96B |
| 80 | CRC | California Resources Corporation | Energy | 9.88% | $5.18B |
| 81 | KMI | Kinder Morgan, Inc. | Energy | 9.81% | $70.48B |
| 82 | EXE | Expand Energy Corporation | Energy | 9.79% | $22.03B |
| 83 | AMPY | Amplify Energy Corp. | Energy | 9.58% | $0.18B |
| 84 | IMPPP | Imperial Petroleum Inc. | Energy | 9.42% | – |
| 85 | DTM | DT Midstream, Inc. | Energy | 9.31% | $14.54B |
| 86 | MXC | Mexco Energy Corporation | Energy | 9.15% | $0.02B |
| 87 | ET | Energy Transfer LP | Energy | 9.05% | $66.72B |
| 88 | AR | Antero Resources Corporation | Energy | 8.94% | $11.02B |
| 89 | TEN | Tsakos Energy Navigation Limited | Energy | 8.84% | $1.11B |
| 90 | BKV | BKV Corporation | Energy | 8.74% | $2.84B |
| 91 | EQT | EQT Corporation | Energy | 8.59% | $33.62B |
| 92 | NVGS | Navigator Holdings Ltd. | Energy | 8.16% | $1.34B |
| 93 | INVX | Innovex International, Inc. | Energy | 7.88% | $1.84B |
| 94 | KGEI | Kolibri Global Energy Inc. | Energy | 7.59% | $0.19B |
| 95 | EE | Excelerate Energy, Inc. | Energy | 7.49% | $1.03B |
| 96 | NGS | Natural Gas Services Group, Inc. | Energy | 7.25% | $0.50B |
| 97 | LBRT | Liberty Energy Inc. | Energy | 7.11% | $4.64B |
| 98 | KGS | Kodiak Gas Services, Inc. | Energy | 6.67% | $6.57B |
| 99 | CVX | Chevron Corporation | Energy | 6.60% | $373.05B |
| 100 | SUN | Sunoco LP | Energy | 6.58% | $12.48B |
No companies match this search.
How this ranking is built
Companies are ranked by return on equity as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.