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By the Numbers: The Oil & Gas Industry in the United States

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By the Numbers: The Oil & Gas Industry in the United States

By the Numbers: The Oil & Gas Industry in the United States

There’s a finite amount of natural resources out there in the world. To ensure we do not exhaust them, we have two options. First, we can make new discoveries to increase our reserves. The alternative is to innovate new technology that increases our means to get more out of what we already have.

Sometimes, such as in the case of the US shale boom, both of these can happen in conjunction. It’s no new story that through horizontal drilling and hydraulic fracturing that we have been able to change the landscape of energy in the US and the world. Technological innovations have allowed companies to extract resources that were never before in reach. As a result, there’s been more production, discoveries, and cost savings than anyone thought was possible.

This infographic puts the numbers in perspective. Consider this: in 2000, only 0.3 trillion cubic feet of natural gas came from shale in the US. Last year, that number was 8.6 trillion cubic feet.

In 2008, it looked like oil production was bottoming. Today, the amount of oil produced in the United States is higher than it ever was in the 90’s or 00’s. It turned around that fast.

Original graphic from: Forbes and Statista


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Visualized: The Growth of Clean Energy Stocks

Visual Capitalist partnered with EnergyX to analyze five major clean energy stocks and explore the factors driving this growth.

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The teaser image shows the growth of clean energy stocks and hints at their cumulative five-year returns.

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The following content is sponsored by EnergyX

The Growth of Clean Energy Stocks

Over the last few years, energy investment trends have shifted from fossil fuels to renewable and sustainable energy sources. Long-term energy investors now see significant returns from clean energy stocks, especially compared to those invested in fossil fuels alone.

For this graphic, Visual Capitalist has collaborated with EnergyX to examine the rise of clean energy stocks and gain a deeper understanding of the factors driving this growth.

Sustainable Energy Stock Performance

In 2023, the IEA reported that 62% of all energy investment went toward sustainable sources. As the world embraces sustainable energy and technologies like EVs, it’s no surprise that clean energy companies provide solid returns for their investors over long periods. 

Taking the top-five clean energy stocks by market cap (as of April 2024) and charting their five-year cumulative returns, it is clear that investments in clean energy are growing:

CompanyPrice: 01/04/2019Price: 12/29/20245-Year-Return %
First Solar, Inc.$46.32$172.28272%
Enphase Energy, Inc.$5.08$132.142,501%
Consolidated Edison, Inc.$76.55$90.9719%
NextEra Energy, Inc.$43.13$60.7441%
Brookfield Renewable Partners$14.78$26.2878%
promotional graphic with a button and wheel that promotes the EnergyX investment site

But how does this compare to the performance of fossil fuel stocks? 

When comparing the performance of the S&P Global Oil Index and the S&P Clean Energy Index between 2019 and 2023, we see that the former returned 15%, whereas the latter returned an impressive 41%. This trend demonstrates the potential for clean energy stocks to yield significant returns on an industry level, sparking optimism and excitement for potential investors. 

A Shift In Returns

With global investment trends moving away from traditional, non-sustainable sources, the companies that could shape the energy transition provide investors with alternative opportunities and avenues for growth. 

One such company is EnergyX. The lithium technology company has patented a groundbreaking technology that can improve lithium extraction rates by an incredible 300%, and its stock price has grown tenfold since its first offering in 2021.

promotional graphic that promotes the EnergyX investment site

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