Highest return on equity Energy stocks
Net income as a share of shareholders' equity, for companies worth over $1 billion with debt under twice equity (heavy debt inflates ROE).
Top of the list: Par Pacific (PARR) 43.2%; Teekay Tankers (TNK) 41.4%; International Seaways (INSW) 34.4%.
The median roe across these 50 companies is 17.4%.
| # | Company | ROE | ROA | Debt/equity | Net margin | Market cap |
|---|---|---|---|---|---|---|
| 1 | Par Pacific Holdings IncPARR | 43.2% | 18.9% | 1.27x | 9.9% | $4.1B |
| 2 | Teekay Tankers LtdTNK | 41.4% | 21.7% | 0.92x | 36.9% | $3.5B |
| 3 | International Seaways IncINSW | 34.4% | 25.8% | 0.33x | 62.0% | $5.8B |
| 4 | Texas Pacific Land CorporationTPL | 32.4% | 29.1% | 0.11x | 60.3% | $24.9B |
| 5 | Oceaneering International IncOII | 30.1% | 13.0% | 1.31x | 12.2% | $4.4B |
| 6 | Flotek Industries IncFTK | 29.4% | 14.2% | 1.07x | 13.0% | $1.0B |
| 7 | Valaris LtdVAL | 29.2% | 17.2% | 0.69x | 44.0% | $6.5B |
| 8 | Valero Energy CorporationVLO | 28.9% | 11.2% | 1.46x | 5.2% | $138.6B |
| 9 | Gulfport Energy Operating CorpGPOR | 27.2% | 15.7% | 0.74x | 32.3% | $3.1B |
| 10 | Dorian LPG LtdLPG | 26.0% | 16.9% | 0.54x | 55.0% | $2.9B |
| 11 | Canadian Natural Resources LtdCNQ | 24.4% | 11.8% | 1.07x | 27.9% | $105.3B |
| 12 | APA CorporationAPA | 23.9% | 9.3% | 1.43x | — | $17.1B |
| 13 | Phillips 66PSX | 22.5% | 8.7% | 1.56x | 4.7% | $118.4B |
| 14 | EOG Resources IncEOG | 21.6% | 12.6% | 0.72x | 25.4% | $84.4B |
| 15 | Archrock IncAROC | 21.2% | 7.4% | 1.86x | 21.8% | $5.5B |
| 16 | PBF Energy IncPBF | 21.1% | 9.2% | 1.28x | 3.9% | $10.5B |
| 17 | Weatherford International plcWFRD | 20.5% | 7.2% | 1.85x | 7.7% | $5.7B |
| 18 | Magnolia Oil & Gas CorpMGY | 19.8% | 13.6% | 0.46x | 28.8% | $4.8B |
| 19 | Comstock Resources IncCRK | 19.7% | 6.8% | 1.69x | 23.3% | $4.1B |
| 20 | CNX Resources CorpCNX | 19.6% | 10.4% | 0.89x | 36.5% | $4.9B |
| 21 | DHT Holdings IncDHT | 18.6% | 13.2% | 0.41x | 42.4% | $3.9B |
| 22 | HF Sinclair CorpDINO | 18.6% | 10.1% | 0.84x | 6.1% | $22.1B |
| 23 | Range Resources CorpRRC | 18.3% | 11.4% | 0.61x | 26.3% | $10.1B |
| 24 | Tidewater IncTDW | 17.7% | 10.4% | 0.70x | 18.3% | $4.4B |
| 25 | Occidental Petroleum CorporationOXY | 17.5% | 9.1% | 0.91x | 33.7% | $62.6B |
| 26 | National Fuel Gas CompanyNFG | 17.2% | 6.5% | 1.66x | 26.9% | $7.8B |
| 27 | Imperial Oil LtdIMO | 16.9% | 8.7% | 0.95x | 8.0% | $64.0B |
| 28 | Transportadora de Gas del Sur SA ADRTGS | 16.6% | 10.9% | 0.52x | 30.4% | $4.0B |
| 29 | ONEOK IncOKE | 15.9% | 5.3% | 1.98x | 9.3% | $60.7B |
| 30 | Ultrapar Participacoes SA ADRUGP | 15.6% | 6.0% | 1.57x | 1.8% | $8.3B |
| 31 | Baker Hughes CoBKR | 15.6% | 5.9% | 1.63x | 11.2% | $55.1B |
| 32 | Halliburton CompanyHAL | 14.6% | 6.2% | 1.34x | 7.2% | $27.8B |
| 33 | Expand Energy CorporationEXE | 14.3% | 9.9% | 0.44x | 20.5% | $21.9B |
| 34 | ConocoPhillipsCOP | 14.2% | 7.5% | 0.90x | 14.7% | $170.3B |
| 35 | BW LPG LimitedBWLP | 13.7% | 7.2% | 0.83x | — | $4.1B |
| 36 | Flowco Holdings Inc.FLOC | 13.6% | 2.6% | 1.54x | 14.3% | $2.1B |
| 37 | Torm PLC Class ATRMD | 13.5% | 8.4% | 0.61x | 21.3% | $4.1B |
| 38 | Cactus IncWHD | 13.2% | 6.3% | 0.71x | 12.0% | $4.9B |
| 39 | Suncor Energy IncSU | 13.1% | 6.6% | 0.99x | 11.3% | $89.9B |
| 40 | Antero Resources CorpAR | 13.0% | 7.1% | 0.83x | 17.7% | $11.6B |
| 41 | SM Energy CoSM | 12.8% | 5.3% | 1.41x | 19.4% | $9.8B |
| 42 | Exxon Mobil CorpXOM | 12.6% | 7.0% | 0.76x | 8.9% | $717.4B |
| 43 | Cenovus Energy IncCVE | 12.4% | 6.2% | 1.01x | 7.9% | $60.8B |
| 44 | Matador Resources CompanyMTDR | 12.2% | 5.4% | 1.22x | 18.9% | $7.2B |
| 45 | Schlumberger NVSLB | 11.9% | 5.6% | 1.08x | 8.5% | $75.6B |
| 46 | BKV CorporationBKV | 11.9% | 6.5% | 0.80x | 19.5% | $2.7B |
| 47 | Tenaris SA ADRTS | 11.6% | 9.6% | 0.20x | 16.1% | $27.7B |
| 48 | TotalEnergies SE ADRTTE | 11.2% | 4.5% | 1.49x | 6.5% | $194.6B |
| 49 | Kinder Morgan IncKMI | 11.0% | 4.7% | 1.30x | 19.3% | $75.6B |
| 50 | Chevron CorpCVX | 10.8% | 6.2% | 0.71x | 9.9% | $419.8B |
Ranked from each company's latest price and reported results. Companies need a page on Investingly (SEC statements on file). Open any company for its reverse DCF, insider buying and 13F holders.
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Questions
Which company ranks first on the highest return on equity energy stocks list?
Par Pacific (PARR), with a roe of 43.2%, as of October 12, 2026.
How is this list built?
Net income as a share of shareholders' equity, for companies worth over $1 billion with debt under twice equity (heavy debt inflates ROE). It shows the top 50 and is rebuilt every day.
Prices and ratios as of Oct 11, 2026. Statements from SEC filings. Information only, not investment advice.