Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

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

UpdatedNov 19, 2025
DataAggregated Company Financials
Companies69
  • 7D-1.7%
  • 3M-4.2%
  • 1Y4.4%
  • YTDn/a

Over the last 7 days, the Oil and Gas Exploration and Production industry has dropped 1.2%, driven by a pullback from Woodside Energy Group of 2.4%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 3.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Nov 2025AU$80.2bAU$33.3bAU$5.8b16.9x13.7x2.4x
Sat, 18 Oct 2025AU$70.8bAU$33.4bAU$5.9b15.1x12.1x2.1x
Mon, 15 Sep 2025AU$79.5bAU$32.6bAU$5.8b16.5x13.6x2.4x
Wed, 13 Aug 2025AU$86.2bAU$32.7bAU$7.4b13.6x11.7x2.6x
Fri, 11 Jul 2025AU$79.4bAU$32.1bAU$7.4b14.6x10.7x2.5x
Sun, 08 Jun 2025AU$73.1bAU$32.4bAU$7.5b13.2x9.8x2.3x
Tue, 06 May 2025AU$64.3bAU$32.5bAU$7.5b13.2x8.6x2x
Thu, 03 Apr 2025AU$74.4bAU$33.4bAU$7.7b14.7x9.6x2.2x
Sat, 01 Mar 2025AU$77.0bAU$33.8bAU$7.8b13.7x9.8x2.3x
Mon, 27 Jan 2025AU$78.5bAU$32.8bAU$4.6b13x17x2.4x
Wed, 25 Dec 2024AU$75.5bAU$33.1bAU$4.7b11.9x16.1x2.3x
Fri, 22 Nov 2024AU$76.9bAU$31.8bAU$4.5b13x17.2x2.4x
Sun, 20 Oct 2024AU$77.8bAU$31.0bAU$4.3b11.9x18x2.5x
Tue, 17 Sep 2024AU$76.7bAU$30.8bAU$4.2b8x18.1x2.5x
Thu, 15 Aug 2024AU$82.6bAU$33.9bAU$4.2b7.5x19.7x2.4x
Sat, 13 Jul 2024AU$90.7bAU$33.3bAU$4.4b6.3x20.5x2.7x
Mon, 10 Jun 2024AU$86.0bAU$34.1bAU$4.5b8.9x18.9x2.5x
Wed, 08 May 2024AU$87.4bAU$34.0bAU$4.5b6.9x19.3x2.6x
Fri, 05 Apr 2024AU$94.9bAU$33.9bAU$4.5b6.2x21x2.8x
Sun, 03 Mar 2024AU$92.2bAU$34.1bAU$4.5b8.8x20.6x2.7x
Tue, 30 Jan 2024AU$97.7bAU$42.0bAU$13.0b7.8x7.5x2.3x
Thu, 28 Dec 2023AU$96.3bAU$40.6bAU$12.5b6.5x7.7x2.4x
Sat, 25 Nov 2023AU$94.3bAU$42.1bAU$13.0b5.8x7.2x2.2x
Mon, 23 Oct 2023AU$106.3bAU$43.8bAU$13.5b7.8x7.8x2.4x
Wed, 20 Sep 2023AU$108.7bAU$42.9bAU$13.3b6.4x8.2x2.5x
Fri, 18 Aug 2023AU$109.5bAU$41.7bAU$13.7b7.3x8x2.6x
Sun, 16 Jul 2023AU$105.0bAU$39.6bAU$13.0b7.1x8.1x2.7x
Tue, 13 Jun 2023AU$100.6bAU$40.1bAU$13.2b6.9x7.6x2.5x
Thu, 11 May 2023AU$98.6bAU$40.0bAU$13.1b6.8x7.5x2.5x
Sat, 08 Apr 2023AU$99.2bAU$40.5bAU$13.3b7.4x7.5x2.4x
Mon, 06 Mar 2023AU$106.6bAU$39.8bAU$13.1b11.9x8.1x2.7x
Wed, 01 Feb 2023AU$103.7bAU$27.1bAU$6.9b15.4x15x3.8x
Fri, 30 Dec 2022AU$101.1bAU$28.1bAU$7.2b13.6x14x3.6x
Sun, 27 Nov 2022AU$108.1bAU$28.0bAU$7.2b14.7x15.1x3.9x
Price to Earnings Ratio

15.1x


Total Market Cap: AU$108.1bTotal Earnings: AU$7.2bTotal Revenue: AU$28.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 12.7x202320242025
Current Industry PE
  • Investors are relatively neutral on the Australian Oil and Gas Exploration and Production industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 12.7x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Exploration and Production industry have declined 6.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.0% 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 Comparison

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

AU Market-4.06%
Energy-1.68%
Oil and Gas-1.67%
Oil and Gas Exploration and Production-1.75%
Oil and Gas Refining and Marketing0.19%
Oil and Gas Storage and Transportation0%0
Coal and Fuels-2.16%
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
AEL Amplitude EnergyAU$2.793.5%
+AU$28.3m		44.9%PS3.1x
TDO 3D EnergiAU$0.1856.5%
+AU$27.2m		104.5%PB7.9x
CRD Conrad Asia EnergyAU$0.7916.2%
+AU$21.2m		-17.7%PB2.6x
FDR Finder Energy HoldingsAU$0.4710.6%
+AU$17.2m		859.2%PE47.7x
HZN Horizon OilAU$0.202.6%
+AU$8.1m		5.3%PE17.3x

Latest News

CRD
AU$0.79
Conrad Asia Energy
7D
16.2%
1Y
-17.7%

Here's Why We're Watching Conrad Asia Energy's (ASX:CRD) Cash Burn Situation

Nov 19
Here's Why We're Watching Conrad Asia Energy's (ASX:CRD) Cash Burn Situation
BPT
AU$1.28
Beach Energy
7D
-2.3%
1Y
0.8%

BPT: Upgraded Rating May Offset Risks From Slowing Production Trends

Analysts have slightly increased their price target for Beach Energy, raising it from A$1.21 to A$1.30 per share. They cited an improved outlook and recent positive research updates as reasons for the revision.
TDO
AU$0.18
3D Energi
7D
56.5%
1Y
104.5%
WDS
AU$26.27
Woodside Energy Group
7D
-2.4%
1Y
7.7%

WDS: Future LNG Deals And Rate Cuts Will Shape Balanced Outlook

Narrative Update on Woodside Energy Group: Analyst Price Target Revision Analysts have modestly increased their fair value estimate for Woodside Energy Group from $27.38 to $27.61. This change is based on expectations for a slightly higher revenue trajectory and a reduced discount rate, despite a somewhat softer outlook on profit margins.
STO
AU$6.68
Santos
7D
-0.1%
1Y
-1.6%

STO: Free Cash Flow Growth Expected As Key Projects Reach Completion

The analyst price target for Santos has increased slightly from A$7.76 to A$7.77. This reflects analysts' view that the withdrawal of a takeover proposal and expectations for improved cash flow from major projects support a higher valuation.
KKO
AU$0.061
Kinetiko Energy
7D
-16.4%
1Y
-9.0%
TBN
AU$0.18
Tamboran Resources
7D
-5.3%
1Y
28.6%
ATS
AU$0.015
Australis Oil & Gas
7D
20.0%
1Y
66.7%

Australis Oil & Gas Limited (ASX:ATS) Surges 28% Yet Its Low P/S Is No Reason For Excitement

Nov 04
Australis Oil & Gas Limited (ASX:ATS) Surges 28% Yet Its Low P/S Is No Reason For Excitement
KAR
AU$1.61
Karoon Energy
7D
-2.4%
1Y
17.9%
OEL
AU$0.0045
Otto Energy
7D
12.5%
1Y
-59.1%
HZN
AU$0.20
Horizon Oil
7D
2.6%
1Y
5.3%
BTL
AU$0.24
Beetaloo Energy Australia
7D
-14.0%
1Y
22.5%
GAS
AU$0.032
State Gas
7D
52.4%
1Y
-11.1%
AEL
AU$2.79
Amplitude Energy
7D
3.5%
1Y
44.9%
COI
AU$0.12
Comet Ridge
7D
-8.0%
1Y
-30.3%

Health Check: How Prudently Does Comet Ridge (ASX:COI) Use Debt?

Sep 28
Health Check: How Prudently Does Comet Ridge (ASX:COI) Use Debt?
FDR
AU$0.47
Finder Energy Holdings
7D
10.6%
1Y
859.2%