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

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 02 Jun 2026	AU$93.6b	AU$28.7b	AU$4.5b	14.6x	20.8x	3.3x
Thu, 30 Apr 2026	AU$98.5b	AU$28.9b	AU$4.5b	15x	21.8x	3.4x
Sat, 28 Mar 2026	AU$101.4b	AU$29.9b	AU$4.7b	14.2x	21.5x	3.4x
Mon, 23 Feb 2026	AU$84.1b	AU$30.4b	AU$5.0b	19.5x	17x	2.8x
Wed, 21 Jan 2026	AU$73.9b	AU$32.2b	AU$5.6b	17.5x	13.2x	2.3x
Fri, 19 Dec 2025	AU$71.9b	AU$32.8b	AU$5.7b	17.1x	12.5x	2.2x
Sun, 16 Nov 2025	AU$80.7b	AU$33.1b	AU$5.8b	17.3x	13.9x	2.4x
Tue, 14 Oct 2025	AU$72.2b	AU$33.2b	AU$5.8b	15.7x	12.4x	2.2x
Thu, 11 Sep 2025	AU$80.7b	AU$32.8b	AU$5.9b	18.1x	13.7x	2.5x
Sat, 09 Aug 2025	AU$85.5b	AU$32.5b	AU$7.3b	14.5x	11.7x	2.6x
Mon, 07 Jul 2025	AU$79.2b	AU$32.2b	AU$7.4b	13.3x	10.7x	2.5x
Wed, 04 Jun 2025	AU$71.4b	AU$32.6b	AU$7.5b	12.9x	9.5x	2.2x
Fri, 02 May 2025	AU$65.3b	AU$33.0b	AU$7.6b	13x	8.5x	2x
Sun, 30 Mar 2025	AU$76.2b	AU$33.5b	AU$7.8b	14.4x	9.8x	2.3x
Tue, 25 Feb 2025	AU$74.0b	AU$32.2b	AU$5.1b	13.9x	14.6x	2.3x
Thu, 23 Jan 2025	AU$80.0b	AU$32.9b	AU$4.7b	13x	17.2x	2.4x
Sat, 21 Dec 2024	AU$73.7b	AU$33.2b	AU$4.7b	11.3x	15.7x	2.2x
Mon, 18 Nov 2024	AU$75.8b	AU$32.1b	AU$4.5b	11.1x	16.8x	2.4x
Wed, 16 Oct 2024	AU$79.0b	AU$31.0b	AU$4.3b	12.2x	18.3x	2.6x
Fri, 13 Sep 2024	AU$76.2b	AU$31.1b	AU$4.3b	7.8x	17.8x	2.4x
Sun, 11 Aug 2024	AU$82.6b	AU$34.1b	AU$4.6b	7.4x	18.1x	2.4x
Tue, 09 Jul 2024	AU$89.8b	AU$33.4b	AU$4.4b	6.7x	20.2x	2.7x
Thu, 06 Jun 2024	AU$85.8b	AU$33.8b	AU$4.5b	9.4x	19.1x	2.5x
Sat, 04 May 2024	AU$86.1b	AU$34.1b	AU$4.5b	6.9x	18.9x	2.5x
Mon, 01 Apr 2024	AU$94.1b	AU$34.4b	AU$4.6b	7x	20.4x	2.7x
Wed, 28 Feb 2024	AU$90.2b	AU$33.9b	AU$4.4b	7x	20.3x	2.7x
Fri, 26 Jan 2024	AU$95.7b	AU$42.0b	AU$13.0b	7.6x	7.4x	2.3x
Sun, 24 Dec 2023	AU$95.4b	AU$40.8b	AU$12.6b	6.4x	7.6x	2.3x
Tue, 21 Nov 2023	AU$94.0b	AU$42.2b	AU$13.1b	5.8x	7.2x	2.2x
Thu, 19 Oct 2023	AU$106.8b	AU$43.4b	AU$13.4b	7.9x	8x	2.5x
Sat, 16 Sep 2023	AU$108.2b	AU$43.0b	AU$13.3b	6.3x	8.1x	2.5x
Mon, 14 Aug 2023	AU$109.8b	AU$41.5b	AU$13.7b	7.4x	8x	2.6x
Wed, 12 Jul 2023	AU$100.4b	AU$40.5b	AU$13.3b	6.7x	7.5x	2.5x
Fri, 09 Jun 2023	AU$101.0b	AU$40.4b	AU$13.3b	6.7x	7.6x	2.5x

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 20.8x which is higher than its 3-year average PE of 13.8x.

The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.3x.

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 11% 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 Market	0.98%
Energy	-2.86%
Oil and Gas	-2.86%
Oil and Gas Exploration and Production	-4.56%
Oil and Gas Storage and Transportation	22.22%
Coal and Fuels	3.82%
Oil and Gas Refining and Marketing	-6.21%

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?

Company	Last Price	7D	1Y	Valuation
WDS Woodside Energy Group	AU$31.21	1.6% +AU$931.5m	40.8%	PE15.6x
JGH Jade Gas Holdings	AU$0.086	26.5% +AU$34.4m	152.9%	PB7.8x
BPT Beach Energy	AU$1.11	0.9% +AU$22.8m	-17.2%	PS1.2x
FDR Finder Energy Holdings	AU$0.39	11.4% +AU$20.0m	609.1%	PS838.2x
HZN Horizon Oil	AU$0.23	4.7% +AU$16.3m	28.6%	PE32.7x

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 91% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (51% average weekly change). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$2.1m revenue, or US$1.5m). Market cap is less than US$100m (AU$15.6m market cap, or US$11.1m).

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

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Woodside Energy Sees New Partner Join A$35b Browse LNG Project After BP Stake Sale

Finder Energy Holdings Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 3 million.

New major risk - Shareholder dilution

New minor risk - Insider selling

Beetaloo Energy Australia Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.

Upcoming dividend of AU$0.35 per share

BPT: Fair Outlook Will Balance Drilling Progress, Weather Disruptions And Earnings Multiple

Tamboran Resources Targets First Beetaloo Gas in Q3 as Falcon Deal Nears Completion

Santos Greenlights Agogo Gas Project in PNG With 66 Million Barrels Set for 2028

Companies Like Lakes Blue Energy (ASX:LKO) Could Be Quite Risky

Carnarvon Energy sees 167% upside if oil holds above $100

Invictus Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.

Jade Gas Holdings Limited, Annual General Meeting, May 29, 2026

Omega Oil & Gas Limited has filed a Follow-on Equity Offering in the amount of AUD 60.000001 million.

Now 20% undervalued

Price target decreased by 12% to AU$2.75