Oil & Gas Integrated Stocks — Fair Value & Margin of Safety

Equity Rank covers 15 Oil & Gas Integrated companies; 8 have a published model fair value, and 7 of those (88%) trade below the model estimate. The median model fair value sits 37.5% above the current price, under these model assumptions. Data as of 2026-10-22.

Source: Equity Rank — Oil & Gas Integrated stocks. Model fair value is a multi-method blend (DCF, Graham Number, earnings power, sector multiples and more), recomputed after each U.S. market close.

Oil & Gas Integrated stocks furthest below the model estimate

Among companies valued by at least five methods. A wide gap can also mean the models are missing something.

  1. BP — BP PLC ADR: model fair value $79.52 vs. price $50.05, a model fair value differential of 58.9% above the current price (as of 2026-10-22)
  2. DEC — Diversified Energy Company plc: model fair value $22.22 vs. price $14.39, a model fair value differential of 54.4% above the current price (as of 2026-10-22)
  3. SHEL — Shell PLC ADR: model fair value $158.04 vs. price $105.80, a model fair value differential of 49.4% above the current price (as of 2026-10-22)
  4. EQNR — Equinor ASA ADR: model fair value $69.18 vs. price $46.42, a model fair value differential of 49.0% above the current price (as of 2026-10-22)
  5. TTE — TotalEnergies SE ADR: model fair value $114.56 vs. price $90.96, a model fair value differential of 25.9% above the current price (as of 2026-10-22)
  6. NFG — National Fuel Gas Company: model fair value $85.19 vs. price $80.93, a model fair value differential of 5.3% above the current price (as of 2026-10-22)
  7. CVX — Chevron Corp: model fair value $232.07 vs. price $226.97, a model fair value differential of 2.3% above the current price (as of 2026-10-22)

All 15 Oil & Gas Integrated companies

TickerCompanyPriceModel fair valueGap
XOMExxon Mobil Corp$178.50$146.75-17.8%
CVXChevron Corp$226.97$232.07+2.3%
SHELShell PLC ADR$105.80$158.04+49.4%
TTETotalEnergies SE ADR$90.96$114.56+25.9%
PBRPetroleo Brasileiro Petrobras SA ADR$25.62Not published—
PBR-APetróleo Brasileiro S.A. - Petrobras$22.90Not published—
BPBP PLC ADR$50.05$79.52+58.9%
EQNREquinor ASA ADR$46.42$69.18+49.0%
SUSuncor Energy Inc$77.41Not published—
EEni SpA ADR$59.53Not published—
IMOImperial Oil Ltd$131.84Not published—
CVECenovus Energy Inc$32.01Not published—
NFGNational Fuel Gas Company$80.93$85.19+5.3%
TGSTransportadora de Gas del Sur SA ADR$25.94Not published—
DECDiversified Energy Company plc$14.39$22.22+54.4%

Largest companies first. Gap = model fair value differential versus the current price; positive means the price sits below the model estimate. “Not published” means the models lacked reliable data.

Compare Oil & Gas Integrated peers

XOM vs CVX · XOM vs SHEL · XOM vs TTE · XOM vs BP · XOM vs EQNR · CVX vs SHEL · CVX vs TTE · CVX vs BP · CVX vs EQNR · SHEL vs TTE · SHEL vs BP · SHEL vs EQNR · TTE vs BP · TTE vs EQNR · BP vs EQNR

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