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

UpdatedApr 20, 2025

DataAggregated Company Financials

Companies69

7D2.4%
3M-21.5%
1Y-30.4%
YTDn/a

Over the last 7 days, the Oil and Gas Exploration and Production industry has risen 2.4%, driven by gains from Woodside Energy Group of 2.2%. In the same time, Empire Energy Group was down 11%. In contrast, the industry has lost 30% in the last 12 months. As for the next few years, earnings are forecast to decline by 3.1% per annum.

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
Sun, 20 Apr 2025	AU$64.0b	AU$33.0b	AU$7.6b	13.1x	8.4x	1.9x
Tue, 18 Mar 2025	AU$72.4b	AU$33.1b	AU$7.7b	14.9x	9.4x	2.2x
Thu, 13 Feb 2025	AU$79.1b	AU$33.0b	AU$5.2b	15.4x	15.1x	2.4x
Sat, 11 Jan 2025	AU$79.5b	AU$33.4b	AU$4.7b	12.3x	16.8x	2.4x
Mon, 09 Dec 2024	AU$75.5b	AU$32.4b	AU$4.6b	12.5x	16.5x	2.3x
Wed, 06 Nov 2024	AU$75.8b	AU$31.3b	AU$4.4b	11.5x	17.3x	2.4x
Fri, 04 Oct 2024	AU$81.7b	AU$30.4b	AU$4.2b	12.6x	19.4x	2.7x
Sun, 01 Sep 2024	AU$83.9b	AU$30.8b	AU$4.2b	10.3x	19.8x	2.7x
Tue, 30 Jul 2024	AU$86.6b	AU$34.2b	AU$4.6b	7.7x	19x	2.5x
Thu, 27 Jun 2024	AU$87.5b	AU$33.7b	AU$4.5b	8.2x	19.5x	2.6x
Sat, 25 May 2024	AU$88.3b	AU$33.9b	AU$4.5b	7.7x	19.5x	2.6x
Mon, 22 Apr 2024	AU$91.6b	AU$34.9b	AU$4.7b	7.2x	19.6x	2.6x
Wed, 20 Mar 2024	AU$92.4b	AU$34.5b	AU$4.6b	6.7x	20.2x	2.7x
Fri, 16 Feb 2024	AU$91.7b	AU$42.7b	AU$12.7b	6.3x	7.2x	2.1x
Sun, 14 Jan 2024	AU$95.9b	AU$41.5b	AU$12.8b	6.4x	7.5x	2.3x
Tue, 12 Dec 2023	AU$92.3b	AU$42.2b	AU$13.0b	7.1x	7.1x	2.2x
Thu, 09 Nov 2023	AU$98.1b	AU$43.0b	AU$13.3b	7.4x	7.4x	2.3x
Sat, 07 Oct 2023	AU$99.7b	AU$43.5b	AU$13.4b	7.3x	7.4x	2.3x
Mon, 04 Sep 2023	AU$107.9b	AU$43.0b	AU$13.3b	7x	8.1x	2.5x
Wed, 02 Aug 2023	AU$110.0b	AU$40.7b	AU$13.4b	7.5x	8.2x	2.7x
Fri, 30 Jun 2023	AU$99.7b	AU$40.7b	AU$13.4b	6.6x	7.5x	2.5x
Sun, 28 May 2023	AU$101.4b	AU$41.4b	AU$13.6b	6.6x	7.5x	2.5x
Tue, 25 Apr 2023	AU$98.2b	AU$40.4b	AU$13.3b	7x	7.4x	2.4x
Thu, 23 Mar 2023	AU$96.1b	AU$40.3b	AU$13.2b	7.3x	7.3x	2.4x
Sat, 18 Feb 2023	AU$99.3b	AU$27.8b	AU$7.1b	14.3x	14x	3.6x
Mon, 16 Jan 2023	AU$105.3b	AU$27.2b	AU$6.9b	16.1x	15.2x	3.9x
Wed, 14 Dec 2022	AU$101.3b	AU$27.9b	AU$7.2b	13.7x	14.2x	3.6x
Fri, 11 Nov 2022	AU$108.0b	AU$29.2b	AU$7.5b	14.5x	14.4x	3.7x
Sun, 09 Oct 2022	AU$103.0b	AU$29.4b	AU$7.6b	14.5x	13.6x	3.5x
Tue, 06 Sep 2022	AU$103.5b	AU$27.5b	AU$7.2b	7.9x	14.4x	3.8x
Thu, 04 Aug 2022	AU$95.8b	AU$19.6b	AU$3.9b	9.6x	24.9x	4.9x
Sat, 02 Jul 2022	AU$91.7b	AU$19.7b	AU$3.9b	10.1x	23.6x	4.6x
Mon, 30 May 2022	AU$67.8b	AU$19.1b	AU$3.7b	10.7x	18.1x	3.6x
Wed, 27 Apr 2022	AU$68.2b	AU$19.2b	AU$3.8b	10.7x	17.9x	3.5x

Price to Earnings Ratio

17.9x

Wed, 27 Apr 2022

Current Industry PE

Investors are pessimistic on the Australian Oil and Gas Exploration and Production industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 8.4x which is lower than its 3-year average PE of 14.2x.

The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 1.9x.

Past Earnings Growth

The earnings for companies in the Oil and Gas Exploration and Production industry have grown 26% per year over the last three years.
Revenues for these companies have grown 20% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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


AU Market	2.20%
Energy	1.90%
Oil and Gas	1.89%
Oil and Gas Exploration and Production	2.39%
Oil and Gas Storage and Transportation	9.09%
Oil and Gas Refining and Marketing	4.95%
Coal and Fuels	-0.83%

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$20.07	2.2% +AU$835.4m	-31.7%	PE6.8x
STO Santos	AU$5.65	2.7% +AU$486.0m	-27.8%	PE9.5x
KAR Karoon Energy	AU$1.34	8.9% +AU$82.6m	-36.2%	PE5x
AEL Amplitude Energy	AU$0.18	12.1% +AU$53.0m	-14.0%	PS2x
TBN Tamboran Resources	AU$0.17	6.1% +AU$29.1m	6.1%	PB1.3x

Latest News

KAR

AU$1.34

Karoon Energy

8.9%

-36.2%

TBN

AU$0.17

Tamboran Resources

6.1%

AEL

AU$0.18

Amplitude Energy

12.1%

-14.0%

BPT

AU$1.18

Beach Energy

0.9%

-27.0%

Beach Energy (ASX:BPT) Has A Pretty Healthy Balance Sheet

Apr 12

CVN

AU$0.11

Carnarvon Energy

4.8%

-42.1%

HZN

AU$0.18

Horizon Oil

-5.3%

2.9%

STO

AU$5.65

Santos

2.7%

-27.8%

TMK

AU$0.003

TMK Energy

-25.0%

WDS

AU$20.07

Woodside Energy Group

2.2%

-31.7%

CND

AU$0.027

Condor Energy

-12.9%

-38.6%

EEG

AU$0.17

Empire Energy Group

-10.5%

EXR

AU$0.027

Elixir Energy

35.0%

-79.2%

CRD

AU$0.69

Conrad Asia Energy

-4.8%

-30.5%

HE8

AU$0.016

Helios Energy

-5.9%

-69.8%

PCL

AU$0.006

Pancontinental Energy

-14.3%

-76.0%

ECH

AU$0.35

Echelon Resources

-10.3%

-12.5%

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

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

New major risk - Revenue and earnings growth

Tamboran Resources Corporation to Report Q3, 2025 Results on May 14, 2025

Giselle Collins Retires as Non-Executive Director of Amplitude Energy Limited, Effective 15 April 2025

Beach Energy (ASX:BPT) Has A Pretty Healthy Balance Sheet

Price target decreased by 7.8% to AU$0.19

Upcoming dividend of AU$0.015 per share

Investor sentiment deteriorates as stock falls 19%

TMK Energy Limited Announces Planning for At Least One Additional Production Well to Boost Production Capacity

Woodside Energy Group Ltd, Annual General Meeting, May 08, 2025

New minor risk - Shareholder dilution

New major risk - Revenue size

New minor risk - Shareholder dilution

No longer forecast to breakeven

Helios Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.

New minor risk - Share price stability

Echelon Resources Limited (ASX:ECH) signed a letter of intent to acquire EP-145 in Australia from Mosman Oil and Gas Limited (AIM:MSMN) for AUD 0.40 million.