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Australian (ASX) Oil and Gas Industry Analysis

UpdatedSep 30, 2025
DataAggregated Company Financials
Companies101
  • 7D1.4%
  • 3M-1.8%
  • 1Y-10.2%
  • YTD-4.5%

The Oil and Gas industry is up 1.3% in the last week, with Woodside Energy Group up 2.7%. During this same period, the Energy Resources of Australia underperformed, falling 20%. In the past year, the industry is down 7.4%. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Sep 2025AU$111.9bAU$110.4bAU$7.0b13.8x16.1x1x
Thu, 28 Aug 2025AU$122.4bAU$110.9bAU$7.4b14.7x16.6x1.1x
Sat, 26 Jul 2025AU$121.3bAU$112.2bAU$8.9b15.2x13.6x1.1x
Mon, 23 Jun 2025AU$118.1bAU$112.7bAU$9.0b14.5x13.1x1x
Wed, 21 May 2025AU$100.7bAU$112.9bAU$9.1b13.2x11.1x0.9x
Fri, 18 Apr 2025AU$91.6bAU$113.1bAU$9.2b13.1x10x0.8x
Sun, 16 Mar 2025AU$101.7bAU$113.1bAU$9.2b16.8x11.1x0.9x
Tue, 11 Feb 2025AU$115.1bAU$111.9bAU$7.0b13.9x16.5x1x
Thu, 09 Jan 2025AU$117.5bAU$112.2bAU$6.5b12.6x18.1x1x
Sat, 07 Dec 2024AU$112.0bAU$111.2bAU$6.3b12.6x17.8x1x
Mon, 04 Nov 2024AU$114.3bAU$110.6bAU$6.2b11.5x18.5x1x
Wed, 02 Oct 2024AU$118.5bAU$109.1bAU$5.9b11.1x20.1x1.1x
Fri, 30 Aug 2024AU$117.7bAU$109.8bAU$6.2b12.5x19.1x1.1x
Sun, 28 Jul 2024AU$127.4bAU$113.0bAU$7.5b7.8x17x1.1x
Tue, 25 Jun 2024AU$126.7bAU$112.4bAU$7.4b8.5x17.1x1.1x
Thu, 23 May 2024AU$134.7bAU$112.4bAU$7.4b7.4x18.2x1.2x
Sat, 20 Apr 2024AU$131.6bAU$113.6bAU$7.6b7.7x17.3x1.2x
Mon, 18 Mar 2024AU$131.3bAU$113.7bAU$7.9b6.7x16.6x1.2x
Wed, 14 Feb 2024AU$137.1bAU$129.5bAU$19.1b6x7.2x1.1x
Fri, 12 Jan 2024AU$137.0bAU$128.1bAU$19.1b5.8x7.2x1.1x
Sun, 10 Dec 2023AU$129.3bAU$128.8bAU$19.3b5.6x6.7x1x
Tue, 07 Nov 2023AU$136.0bAU$129.2bAU$19.5b5.5x7x1.1x
Thu, 05 Oct 2023AU$146.1bAU$130.4bAU$19.8b5.6x7.4x1.1x
Sat, 02 Sep 2023AU$146.2bAU$129.8bAU$19.7b5.2x7.4x1.1x
Mon, 31 Jul 2023AU$144.8bAU$127.5bAU$23.1b6.4x6.3x1.1x
Wed, 28 Jun 2023AU$131.1bAU$127.2bAU$23.0b6.3x5.7x1x
Fri, 26 May 2023AU$149.1bAU$130.0bAU$24.3b6.7x6.1x1.1x
Sun, 23 Apr 2023AU$145.9bAU$129.2bAU$24.1b6.9x6.1x1.1x
Tue, 21 Mar 2023AU$137.6bAU$133.4bAU$23.5b6.3x5.9x1x
Thu, 16 Feb 2023AU$155.0bAU$98.9bAU$13.9b7.4x11.1x1.6x
Sat, 14 Jan 2023AU$158.7bAU$98.6bAU$13.9b7.2x11.5x1.6x
Mon, 12 Dec 2022AU$150.7bAU$99.2bAU$14.0b6.6x10.8x1.5x
Wed, 09 Nov 2022AU$165.0bAU$100.7bAU$14.4b7.2x11.4x1.6x
Fri, 07 Oct 2022AU$157.0bAU$100.7bAU$14.4b6.7x10.9x1.6x
Price to Earnings Ratio

10.9x


Total Market Cap: AU$157.0bTotal Earnings: AU$14.4bTotal Revenue: AU$100.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Oil and Gas Industry Price to Earnings3Y Average 12.2x202320242025
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 15.8x which is higher than its 3-year average PE of 12.2x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 21% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.1% 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 Market0.51%
Energy1.38%
Oil and Gas1.38%
Oil and Gas Refining and Marketing2.16%
Oil and Gas Exploration and Production2.05%
Oil and Gas Storage and Transportation0%0
Coal and Fuels-0.82%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 12.2x.
    • Analysts are expecting annual earnings growth of 5.9%, 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 52% over the next 5 years.
  • In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings grow by 5.6% 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$23.030.7%
+AU$303.8m
-8.4%PE9.8x
FDR Finder Energy HoldingsAU$0.39110.8%
+AU$78.4m
695.9%PE39.6x
ALD AmpolAU$29.911.0%
+AU$71.5m
-0.3%PS0.2x
TBN Tamboran ResourcesAU$0.189.1%
+AU$55.1m
24.1%PB1.5x
LOT Lotus ResourcesAU$0.236.8%
+AU$40.7m
-9.6%PS3244.7x

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