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Australian (ASX) Oil and Gas Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies102
  • 7D-3.0%
  • 3M4.1%
  • 1Y2.7%
  • YTD6.7%

Over the last 7 days, the Oil and Gas industry has dropped 3.0%, driven by Paladin Energy declining 20%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 8.5% annually.

Industry Valuation and Performance

Has the Australian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026AU$121.1bAU$108.5bAU$6.4b15.2x18.8x1.1x
Mon, 05 Jan 2026AU$113.2bAU$109.8bAU$6.8b13.3x16.7x1x
Wed, 03 Dec 2025AU$115.7bAU$110.4bAU$6.9b13.5x16.8x1x
Fri, 31 Oct 2025AU$114.3bAU$110.4bAU$6.9b13.2x16.6x1x
Sun, 28 Sep 2025AU$112.3bAU$110.4bAU$7.1b13.8x15.8x1x
Tue, 26 Aug 2025AU$120.1bAU$110.3bAU$7.7b13.7x15.6x1.1x
Thu, 24 Jul 2025AU$120.3bAU$112.1bAU$8.9b15.2x13.5x1.1x
Sat, 21 Jun 2025AU$118.1bAU$112.5bAU$9.0b14.5x13.1x1x
Mon, 19 May 2025AU$103.3bAU$112.9bAU$9.1b13.5x11.3x0.9x
Wed, 16 Apr 2025AU$90.9bAU$113.1bAU$9.2b14.5x9.9x0.8x
Fri, 14 Mar 2025AU$101.7bAU$113.3bAU$9.2b14.4x11.1x0.9x
Sun, 09 Feb 2025AU$115.4bAU$111.9bAU$7.0b13.6x16.5x1x
Tue, 07 Jan 2025AU$117.7bAU$111.8bAU$6.4b12.8x18.4x1.1x
Thu, 05 Dec 2024AU$113.7bAU$111.2bAU$6.3b12.7x18.1x1x
Sat, 02 Nov 2024AU$114.4bAU$110.5bAU$6.2b11.5x18.5x1x
Mon, 30 Sep 2024AU$115.8bAU$109.1bAU$5.9b11.1x19.7x1.1x
Wed, 28 Aug 2024AU$122.1bAU$110.0bAU$6.0b9.4x20.2x1.1x
Fri, 26 Jul 2024AU$126.4bAU$113.0bAU$7.5b8.2x16.9x1.1x
Sun, 23 Jun 2024AU$129.1bAU$112.5bAU$7.4b8.3x17.4x1.1x
Tue, 21 May 2024AU$135.0bAU$112.3bAU$7.4b7.4x18.3x1.2x
Thu, 18 Apr 2024AU$136.2bAU$113.6bAU$7.6b7.8x17.9x1.2x
Sat, 16 Mar 2024AU$131.4bAU$113.7bAU$7.9b6.9x16.6x1.2x
Mon, 12 Feb 2024AU$138.4bAU$129.0bAU$19.5b6.1x7.1x1.1x
Wed, 10 Jan 2024AU$137.3bAU$128.1bAU$19.1b5.6x7.2x1.1x
Fri, 08 Dec 2023AU$128.0bAU$128.9bAU$19.3b5.7x6.6x1x
Sun, 05 Nov 2023AU$137.5bAU$129.2bAU$19.5b5.7x7.1x1.1x
Tue, 03 Oct 2023AU$146.1bAU$129.9bAU$19.7b6x7.4x1.1x
Thu, 31 Aug 2023AU$146.1bAU$130.0bAU$20.3b5.4x7.2x1.1x
Sat, 29 Jul 2023AU$144.8bAU$127.4bAU$23.1b6.4x6.3x1.1x
Mon, 26 Jun 2023AU$131.4bAU$127.3bAU$23.0b6.3x5.7x1x
Wed, 24 May 2023AU$148.4bAU$129.7bAU$24.2b6.7x6.1x1.1x
Fri, 21 Apr 2023AU$145.2bAU$129.0bAU$24.0b6.8x6.1x1.1x
Sun, 19 Mar 2023AU$141.8bAU$133.4bAU$23.5b6.6x6x1.1x
Tue, 14 Feb 2023AU$156.3bAU$98.7bAU$13.9b7.5x11.3x1.6x
Price to Earnings Ratio

11.3x


Total Market Cap: AU$156.3bTotal Earnings: AU$13.9bTotal Revenue: AU$98.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Oil and Gas Industry Price to Earnings3Y Average 12.9x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 18.8x which is higher than its 3-year average PE of 12.9x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 23% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Australian Energy industry?

AU Market-2.49%
Energy-2.99%
Oil and Gas-2.99%
Oil and Gas Storage and Transportation0%0
Oil and Gas Refining and Marketing-0.79%
Oil and Gas Exploration and Production-0.92%
Coal and Fuels-8.49%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 13.4x.
    • Analysts are expecting annual earnings growth of 12.3%, which is higher than its past year's earnings decline of 7.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 39% over the next 5 years.
  • In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings grow by 3.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
YAL Yancoal AustraliaAU$5.983.5%
+AU$264.1m		-3.5%PE8.2x
WDS Woodside Energy GroupAU$25.480.4%
+AU$209.1m		3.4%PE11.5x
NHC New HopeAU$4.571.3%
+AU$50.6m		-3.4%PE8.8x
WHC Whitehaven CoalAU$8.870.5%
+AU$33.0m		48.3%PE11.3x
EDE Eden InnovationsAU$0.1426.1%
+AU$16.5m		625.0%PS32.8x

Latest News

LOT
AU$2.08
Lotus Resources
7D
-31.8%
1Y
-21.4%
BPT
AU$1.15
Beach Energy
7D
-6.9%
1Y
-16.1%
ALM
AU$0.016
Alma Metals
7D
45.5%
1Y
255.6%
YAL
AU$5.98
Yancoal Australia
7D
3.5%
1Y
-3.5%

There's No Escaping Yancoal Australia Ltd's (ASX:YAL) Muted Earnings Despite A 25% Share Price Rise

Feb 04
There's No Escaping Yancoal Australia Ltd's (ASX:YAL) Muted Earnings Despite A 25% Share Price Rise
NHC
AU$4.57
New Hope
7D
1.3%
1Y
-3.4%

New Hope (ASX:NHC) Might Have The Makings Of A Multi-Bagger

Feb 04
New Hope (ASX:NHC) Might Have The Makings Of A Multi-Bagger
DYL
AU$2.20
Deep Yellow
7D
-22.5%
1Y
70.5%
WDS
AU$25.48
Woodside Energy Group
7D
0.4%
1Y
3.4%

WDS: Future LNG Agreements With Saudi Aramco Will Support Earnings Quality

Analysts have made a very small adjustment to their fair value estimate for Woodside Energy Group to about A$36.87, citing updated assumptions around a lower discount rate, slightly softer revenue growth, higher profit margin expectations and a reduced future P/E multiple. Analyst Commentary While there is limited recent Street commentary directly tied to Woodside Energy Group in the provided data, you can still draw some useful parallels from how bullish analysts are treating other established names with adjusted valuation frameworks.
WHC
AU$8.87
Whitehaven Coal
7D
0.5%
1Y
48.3%
BMN
AU$3.51
Bannerman Energy
7D
-24.5%
1Y
18.2%

Etango Construction Progress And Uranium Demand Trends Will Shape A Long Term Supply Story

Catalysts About Bannerman Energy Bannerman Energy is developing the Etango uranium project in Namibia with the goal of supplying uranium to global utilities. What are the underlying business or industry changes driving this perspective?
BOE
AU$1.43
Boss Energy
7D
-26.7%
1Y
-57.2%

Wider Spaced Wellfield Design And Legacy Contract Risks Will Pressure Long Term Outlook

Catalysts About Boss Energy Boss Energy produces uranium from its Honeymoon project in South Australia and holds a 30% interest in the Alta Mesa uranium project in the United States. What are the underlying business or industry changes driving this perspective?
STO
AU$6.89
Santos
7D
-1.7%
1Y
-1.3%

STO: Future Share Momentum Will Reflect Less Bearish 2026 Commodity Assumptions

Analysts have trimmed their price target on Santos to about A$7.38 from roughly A$7.56, reflecting updated assumptions for slightly softer revenue growth and profit margins, along with a modestly higher expected future P/E. They still view the shares more positively relative to consensus expectations for oil and gas prices into 2026.
PDN
AU$11.01
Paladin Energy
7D
-20.4%
1Y
26.6%

PDN: Higher Margins And Premium P E Multiple Will Drive Future Upside

Analysts have raised their price target for Paladin Energy to A$15.09 from A$11.99, citing updated assumptions for higher revenue, stronger profit margins and a higher future P/E multiple. Valuation Changes Fair Value Estimate, raised from A$11.99 to A$15.09, representing a sizeable uplift in the assessed share value.
GLL
AU$0.007
Galilee Energy
7D
0%
1Y
-22.2%
EDE
AU$0.14
Eden Innovations
7D
26.1%
1Y
625.0%
PCL
AU$0.009
Pancontinental Energy
7D
12.5%
1Y
-50.0%
ERA
AU$0.0035
Energy Resources of Australia
7D
-12.5%
1Y
16.7%