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Australian (ASX) Oil and Gas Exploration and Production Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies72
  • 7D1.1%
  • 3M9.6%
  • 1Y9.0%
  • YTDn/a

In the last week, the Oil and Gas Exploration and Production industry is up 1.1%, with Woodside Energy Group up 3.2%. This takes the industry's 12 month performance to a gain of 9.0%. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026AU$85.1bAU$29.0bAU$4.6b20.8x18.6x2.9x
Tue, 27 Jan 2026AU$76.4bAU$31.5bAU$5.5b17.9x14x2.4x
Thu, 25 Dec 2025AU$73.1bAU$32.3bAU$5.6b18x13x2.3x
Sat, 22 Nov 2025AU$78.1bAU$33.6bAU$5.9b16.7x13.2x2.3x
Mon, 20 Oct 2025AU$70.8bAU$33.3bAU$5.8b15.1x12.1x2.1x
Wed, 17 Sep 2025AU$79.9bAU$32.5bAU$5.8b17.1x13.7x2.5x
Fri, 15 Aug 2025AU$85.3bAU$32.5bAU$7.3b13.7x11.7x2.6x
Sun, 13 Jul 2025AU$79.1bAU$32.1bAU$7.4b15.4x10.7x2.5x
Tue, 10 Jun 2025AU$73.1bAU$32.3bAU$7.5b13.2x9.8x2.3x
Thu, 08 May 2025AU$65.8bAU$32.5bAU$7.5b13.1x8.8x2x
Sat, 05 Apr 2025AU$65.8bAU$34.2bAU$7.9b13.5x8.3x1.9x
Mon, 03 Mar 2025AU$77.0bAU$33.9bAU$7.8b13.8x9.8x2.3x
Wed, 29 Jan 2025AU$78.0bAU$33.1bAU$4.7b13.1x16.7x2.4x
Fri, 27 Dec 2024AU$75.5bAU$33.1bAU$4.7b11.9x16.1x2.3x
Sun, 24 Nov 2024AU$78.4bAU$31.9bAU$4.5b13.3x17.5x2.5x
Tue, 22 Oct 2024AU$78.8bAU$31.1bAU$4.3b12x18.1x2.5x
Thu, 19 Sep 2024AU$77.4bAU$30.6bAU$4.2b8.1x18.3x2.5x
Sat, 17 Aug 2024AU$84.0bAU$33.9bAU$4.2b7.5x20.1x2.5x
Mon, 15 Jul 2024AU$90.7bAU$33.2bAU$4.4b6.3x20.5x2.7x
Wed, 12 Jun 2024AU$86.0bAU$34.0bAU$4.5b8x19x2.5x
Fri, 10 May 2024AU$88.7bAU$34.1bAU$4.6b6.9x19.5x2.6x
Sun, 07 Apr 2024AU$95.2bAU$34.1bAU$4.5b7.3x20.9x2.8x
Tue, 05 Mar 2024AU$91.9bAU$34.5bAU$4.6b10.8x20x2.7x
Thu, 01 Feb 2024AU$98.8bAU$42.1bAU$13.0b6.4x7.6x2.3x
Sat, 30 Dec 2023AU$95.8bAU$40.8bAU$12.6b6.4x7.6x2.3x
Mon, 27 Nov 2023AU$94.3bAU$42.0bAU$13.0b5.8x7.3x2.2x
Wed, 25 Oct 2023AU$103.3bAU$43.5bAU$13.5b7.5x7.7x2.4x
Fri, 22 Sep 2023AU$104.2bAU$43.2bAU$13.4b6.1x7.8x2.4x
Sun, 20 Aug 2023AU$109.2bAU$41.9bAU$13.8b7.2x7.9x2.6x
Tue, 18 Jul 2023AU$103.9bAU$39.7bAU$13.0b7x8x2.6x
Thu, 15 Jun 2023AU$100.1bAU$39.8bAU$13.1b6.9x7.7x2.5x
Sat, 13 May 2023AU$98.2bAU$40.4bAU$13.3b6.7x7.4x2.4x
Mon, 10 Apr 2023AU$99.2bAU$40.5bAU$13.3b7.1x7.5x2.4x
Wed, 08 Mar 2023AU$105.3bAU$40.1bAU$13.2b12x8x2.6x
Price to Earnings Ratio

8x


Total Market Cap: AU$105.3bTotal Earnings: AU$13.2bTotal Revenue: AU$40.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 12.6x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Oil and Gas Exploration and Production industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 18.6x which is higher than its 3-year average PE of 12.6x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Exploration and Production industry have declined 30% per year over the last three years,
  • Revenues have also declined 10% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Australian Oil and Gas Exploration and Production compare with similar industries?

AU Market1.40%
Energy-0.065%
Oil and Gas-0.063%
Oil and Gas Exploration and Production1.10%
Oil and Gas Storage and Transportation0%0
Oil and Gas Refining and Marketing-1.97%
Coal and Fuels-2.44%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
WDS Woodside Energy GroupAU$28.313.2%
+AU$1.7b		14.3%PE14.1x
AEL Amplitude EnergyAU$2.5511.4%
+AU$78.0m		10.4%PS2.8x
FDR Finder Energy HoldingsAU$0.6411.4%
+AU$33.1m		1,170.0%PE83.8x
BTL Beetaloo Energy AustraliaAU$0.287.8%
+AU$24.9m		48.6%PS24388.4x
HZN Horizon OilAU$0.244.3%
+AU$16.6m		20.0%PE34.7x

Latest News

KAR
AU$1.55
Karoon Energy
7D
-11.0%
1Y
0.7%
HZN
AU$0.24
Horizon Oil
7D
4.3%
1Y
20.0%
CUE
AU$0.13
Cue Energy Resources
7D
-10.3%
1Y
8.3%
AEL
AU$2.55
Amplitude Energy
7D
11.4%
1Y
10.4%
FDR
AU$0.64
Finder Energy Holdings
7D
11.4%
1Y
1,170.0%
STO
AU$6.76
Santos
7D
-2.6%
1Y
3.4%

STO: Future Returns Will Reflect Low Costs And Papua LNG Execution Risk

The analyst price target for Santos has moved from A$6.75 to A$7.50, with analysts pointing to a solid in line result, a low cost operating model, and expectations for production growth and Papua LNG progress as key supports for the higher fair value and slightly adjusted discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts see the move in price targets to A$7.30 to A$7.50 as better aligning the stock with their updated fair value assumptions after a solid in line result and a reaffirmed low cost operating model.
WDS
AU$28.31
Woodside Energy Group
7D
3.2%
1Y
14.3%
BPT
AU$1.10
Beach Energy
7D
-3.9%
1Y
-21.5%

BPT: Weaker Margins And Lower Future P/E Will Pressure Earnings

Analysts have trimmed their fair value estimate for Beach Energy from A$0.76 to A$0.65, citing slightly higher discount rate assumptions, a modestly weaker profit margin outlook and a lower future P/E multiple. What's in the News Beach Energy declared a fully franked cash dividend of A$0.01 per share for the six months ended December 31, 2025, with an ex date of February 26, 2026, record date of February 27, 2026, and payment date of March 31, 2026 (Key Developments).
EXR
AU$0.085
Elixir Energy
7D
-8.6%
1Y
165.6%
TBN
AU$0.21
Tamboran Resources
7D
-2.3%
1Y
13.2%
CRD
AU$0.57
Conrad Asia Energy
7D
4.6%
1Y
-29.2%
JPR
AU$0.026
Jupiter Energy
7D
18.2%
1Y
-13.3%
NGY
AU$0.038
NuEnergy Gas
7D
-19.1%
1Y
100.0%
BTL
AU$0.28
Beetaloo Energy Australia
7D
7.8%
1Y
48.6%

Does Beetaloo Energy Australia (ASX:BTL) Have A Healthy Balance Sheet?

Dec 29
Does Beetaloo Energy Australia (ASX:BTL) Have A Healthy Balance Sheet?
P1E
AU$0.083
Pure One
7D
27.7%
1Y
6.4%
CVN
AU$0.088
Carnarvon Energy
7D
-9.3%
1Y
-26.7%