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Australian (ASX) Oil and Gas Industry Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies104
  • 7D6.5%
  • 3M33.3%
  • 1Y39.6%
  • YTD31.1%

In the last week, the Oil and Gas industry is up 6.5%, with Woodside Energy Group up 11%. During this same period, the Paladin Energy underperformed, falling 8.1%. This takes the industry's 12 month performance to a gain of 40%. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Mar 2026AU$149.2bAU$102.6bAU$5.2b16.8x29x1.5x
Thu, 19 Feb 2026AU$121.7bAU$108.3bAU$6.4b14.8x19x1.1x
Sat, 17 Jan 2026AU$115.4bAU$109.7bAU$6.8b13.2x17.1x1.1x
Mon, 15 Dec 2025AU$115.2bAU$109.9bAU$6.8b13.1x16.9x1x
Wed, 12 Nov 2025AU$118.4bAU$110.5bAU$6.9b13.5x17.1x1.1x
Fri, 10 Oct 2025AU$110.5bAU$110.2bAU$6.9b13x16.1x1x
Sun, 07 Sep 2025AU$118.8bAU$110.6bAU$7.2b14.7x16.5x1.1x
Tue, 05 Aug 2025AU$118.4bAU$112.6bAU$9.1b15.4x12.9x1.1x
Thu, 03 Jul 2025AU$114.1bAU$112.2bAU$8.9b13.8x12.8x1x
Sat, 31 May 2025AU$103.9bAU$112.9bAU$9.1b12.7x11.4x0.9x
Mon, 28 Apr 2025AU$93.2bAU$112.9bAU$9.1b13.5x10.2x0.8x
Wed, 26 Mar 2025AU$104.6bAU$113.3bAU$9.3b15.2x11.3x0.9x
Fri, 21 Feb 2025AU$109.5bAU$111.1bAU$6.8b13.3x16x1x
Sun, 19 Jan 2025AU$119.8bAU$112.2bAU$6.5b12.5x18.5x1.1x
Tue, 17 Dec 2024AU$111.0bAU$111.5bAU$6.4b11.1x17.5x1x
Thu, 14 Nov 2024AU$110.8bAU$110.7bAU$6.2b11.2x17.9x1x
Sat, 12 Oct 2024AU$121.0bAU$109.8bAU$6.0b12.5x20x1.1x
Mon, 09 Sep 2024AU$109.3bAU$110.4bAU$6.2b9.6x17.5x1x
Wed, 07 Aug 2024AU$121.0bAU$113.3bAU$7.5b7.5x16x1.1x
Fri, 05 Jul 2024AU$136.1bAU$112.2bAU$7.4b6.5x18.5x1.2x
Sun, 02 Jun 2024AU$133.5bAU$112.5bAU$7.4b9x18x1.2x
Tue, 30 Apr 2024AU$131.5bAU$112.9bAU$7.5b7.1x17.6x1.2x
Thu, 28 Mar 2024AU$135.4bAU$113.2bAU$7.5b6.5x18x1.2x
Sat, 24 Feb 2024AU$133.7bAU$122.2bAU$17.4b6.5x7.7x1.1x
Mon, 22 Jan 2024AU$138.4bAU$128.7bAU$19.3b5.9x7.2x1.1x
Wed, 20 Dec 2023AU$134.3bAU$127.9bAU$19.0b5.6x7.1x1.1x
Fri, 17 Nov 2023AU$133.7bAU$129.2bAU$19.5b4.8x6.9x1x
Sun, 15 Oct 2023AU$141.8bAU$130.6bAU$19.9b5.7x7.1x1.1x
Tue, 12 Sep 2023AU$146.9bAU$130.1bAU$19.9b4.8x7.4x1.1x
Thu, 10 Aug 2023AU$145.2bAU$128.1bAU$23.3b6.4x6.2x1.1x
Sat, 08 Jul 2023AU$132.7bAU$127.3bAU$23.0b6x5.8x1x
Mon, 05 Jun 2023AU$134.0bAU$127.7bAU$23.2b6.6x5.8x1x
Wed, 03 May 2023AU$146.7bAU$129.6bAU$24.2b6.7x6.1x1.1x
Fri, 31 Mar 2023AU$147.4bAU$133.2bAU$24.9b6.8x5.9x1.1x
Price to Earnings Ratio

5.9x


Total Market Cap: AU$147.4bTotal Earnings: AU$24.9bTotal Revenue: AU$133.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Oil and Gas Industry Price to Earnings3Y Average 13.5x202420252026
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 29.0x which is higher than its 3-year average PE of 13.5x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 41% per year over the last three years,
  • Revenues have also declined 8.3% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

AU Market-2.75%
Energy6.47%
Oil and Gas6.47%
Oil and Gas Refining and Marketing10.27%
Oil and Gas Exploration and Production7.80%
Coal and Fuels1.60%
Oil and Gas Storage and Transportation-10.00%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 14.3x.
    • Analysts are expecting annual earnings growth of 18.4%, which is higher than its past year's earnings decline of 63.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 107% over the next 5 years.
  • In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings grow by 10% 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
WDS Woodside Energy GroupAU$34.7310.5%
+AU$6.3b
49.9%PE16.9x
YAL Yancoal AustraliaAU$8.309.6%
+AU$963.9m
64.4%PE24.9x
NHC New HopeAU$5.8417.7%
+AU$741.7m
54.1%PE32.1x
ALD AmpolAU$33.839.9%
+AU$724.4m
41.3%PE97.8x
VEA Viva Energy GroupAU$2.4520.7%
+AU$686.6m
37.6%PS0.1x

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