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

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies70
  • 7D0.3%
  • 3M-0.9%
  • 1Y-9.0%
  • YTDn/a

Last week, the Oil and Gas Exploration and Production industry hasn't moved much but Equus Energy is up 33% in that time. As for the longer term, the industry has declined 9.0% in the last year. Earnings are forecast to grow by 5.1% 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
Wed, 07 Jan 2026AU$73.8bAU$32.3bAU$5.6b17.4x13.1x2.3x
Fri, 05 Dec 2025AU$79.2bAU$32.8bAU$5.7b17.6x13.8x2.4x
Sun, 02 Nov 2025AU$76.9bAU$33.1bAU$5.8b17.1x13.3x2.3x
Tue, 30 Sep 2025AU$75.8bAU$33.0bAU$5.8b16.4x13.1x2.3x
Thu, 28 Aug 2025AU$86.6bAU$33.4bAU$6.1b16x14.3x2.6x
Sat, 26 Jul 2025AU$83.9bAU$32.1bAU$7.4b15x11.3x2.6x
Mon, 23 Jun 2025AU$82.8bAU$32.7bAU$7.5b14.5x11x2.5x
Wed, 21 May 2025AU$69.6bAU$32.8bAU$7.6b12.9x9.2x2.1x
Fri, 18 Apr 2025AU$64.0bAU$33.1bAU$7.7b13x8.4x1.9x
Sun, 16 Mar 2025AU$71.3bAU$33.3bAU$7.7b14.5x9.2x2.1x
Tue, 11 Feb 2025AU$78.2bAU$33.0bAU$5.2b14.7x15x2.4x
Thu, 09 Jan 2025AU$79.9bAU$33.3bAU$4.7b12.7x16.9x2.4x
Sat, 07 Dec 2024AU$75.5bAU$32.3bAU$4.5b12.6x16.6x2.3x
Mon, 04 Nov 2024AU$76.3bAU$31.6bAU$4.4b11.5x17.2x2.4x
Wed, 02 Oct 2024AU$79.1bAU$30.2bAU$4.2b10.2x18.9x2.6x
Fri, 30 Aug 2024AU$82.5bAU$30.5bAU$4.1b12.5x20x2.7x
Sun, 28 Jul 2024AU$85.9bAU$34.2bAU$4.6b7.8x18.8x2.5x
Tue, 25 Jun 2024AU$85.1bAU$33.7bAU$4.5b8.5x18.9x2.5x
Thu, 23 May 2024AU$88.0bAU$33.7bAU$4.5b7.4x19.6x2.6x
Sat, 20 Apr 2024AU$91.3bAU$34.9bAU$4.7b7.7x19.5x2.6x
Mon, 18 Mar 2024AU$90.9bAU$34.3bAU$4.6b6.7x20x2.7x
Wed, 14 Feb 2024AU$93.7bAU$42.9bAU$12.7b6.1x7.3x2.2x
Fri, 12 Jan 2024AU$94.8bAU$41.4bAU$12.8b6.2x7.4x2.3x
Sun, 10 Dec 2023AU$91.1bAU$42.1bAU$13.0b7.1x7x2.2x
Tue, 07 Nov 2023AU$99.0bAU$42.5bAU$13.2b7.5x7.5x2.3x
Thu, 05 Oct 2023AU$105.7bAU$43.7bAU$13.5b7.4x7.8x2.4x
Sat, 02 Sep 2023AU$107.9bAU$42.8bAU$13.2b7x8.2x2.5x
Mon, 31 Jul 2023AU$109.5bAU$40.6bAU$13.3b7.4x8.2x2.7x
Wed, 28 Jun 2023AU$98.5bAU$40.4bAU$13.3b6.5x7.4x2.4x
Fri, 26 May 2023AU$102.1bAU$41.1bAU$13.5b6.8x7.5x2.5x
Sun, 23 Apr 2023AU$98.8bAU$40.4bAU$13.3b7.1x7.5x2.4x
Tue, 21 Mar 2023AU$91.6bAU$40.3bAU$13.2b7x7x2.3x
Thu, 16 Feb 2023AU$101.7bAU$27.5bAU$7.0b14.5x14.5x3.7x
Sat, 14 Jan 2023AU$105.3bAU$27.3bAU$7.0b16.1x15.1x3.9x
Price to Earnings Ratio

15.1x


Total Market Cap: AU$105.3bTotal Earnings: AU$7.0bTotal Revenue: AU$27.3bTotal 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 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 12.6x.
  • 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 6.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.8% 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-0.30%
Energy1.64%
Oil and Gas1.64%
Oil and Gas Exploration and Production0.30%
Coal and Fuels6.49%
Oil and Gas Storage and Transportation0%0
Oil and Gas Refining and Marketing-1.25%
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
EQU Equus EnergyAU$0.4233.3%
+AU$21.5m		n/aPB22.9x
STX Strike EnergyAU$0.114.8%
+AU$18.0m		-50.0%PS5.4x
TDO 3D EnergiAU$0.1712.9%
+AU$10.4m		82.3%PB9.6x
IVZ Invictus EnergyAU$0.173.1%
+AU$8.0m		111.5%PS3094.5x
HE8 Helios EnergyAU$0.01122.2%
+AU$6.6m		-15.4%PS1952.7x

Latest News

BPT
AU$1.09
Beach Energy
7D
-7.7%
1Y
-24.7%

BPT: Refreshed Buy Rating Will Support Confidence Despite Softer Production Trends

Analysts have nudged their price target for Beach Energy slightly higher, with a fresh A$1.30 target helping to lift the modelled fair value from about A$1.19 to A$1.20. This reflects updated assumptions on revenue, margins and future P/E, as well as recent positive Street research.
WDS
AU$22.86
Woodside Energy Group
7D
-3.1%
1Y
-10.2%

WDS: LNG Pact And Leadership Shift Will Shape Balanced Future Outlook

Analysts have slightly raised their price target for Woodside Energy Group, nudging fair value from $22.76 to $23.03 as they factor in a lower discount rate and modestly better long term profitability expectations. Analyst Commentary Bearish analysts acknowledge that the modest increase in fair value reflects incremental improvements in Woodside Energy Group's long term outlook, but they remain cautious on the balance of risks.
TDO
AU$0.17
3D Energi
7D
12.9%
1Y
82.3%
BTL
AU$0.26
Beetaloo Energy Australia
7D
-12.1%
1Y
10.9%

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

Dec 29
Does Beetaloo Energy Australia (ASX:BTL) Have A Healthy Balance Sheet?
STX
AU$0.11
Strike Energy
7D
4.8%
1Y
-50.0%

STX: Future Outlook Will Weigh Governance Tensions Against Steady Long Term Metrics

Analysts have reaffirmed their price target for Strike Energy at 0.11, citing only marginal improvements in long term revenue growth assumptions, profit margin forecasts and future valuation multiples that were not sufficient to justify a revision. What's in the News Strike Energy issued a notice of annual general meeting, setting November 13, 2025 as the date for shareholders to vote on board composition and other resolutions (company announcement).
HE8
AU$0.011
Helios Energy
7D
22.2%
1Y
-15.4%
LIO
AU$0.016
Lion Energy
7D
45.5%
1Y
-15.8%
STO
AU$5.92
Santos
7D
-4.1%
1Y
-15.2%
EQU
AU$0.42
Equus Energy
7D
33.3%
1Y
n/a
KAR
AU$1.45
Karoon Energy
7D
-5.8%
1Y
0.7%

Karoon Energy Ltd's (ASX:KAR) Business And Shares Still Trailing The Market

Dec 18
Karoon Energy Ltd's (ASX:KAR) Business And Shares Still Trailing The Market
AEL
AU$2.85
Amplitude Energy
7D
-2.4%
1Y
29.5%
FDR
AU$0.36
Finder Energy Holdings
7D
-10.0%
1Y
800.0%
IVZ
AU$0.17
Invictus Energy
7D
3.1%
1Y
111.5%
ADX
AU$0.028
ADX Energy
7D
12.0%
1Y
0%
TBN
AU$0.19
Tamboran Resources
7D
-5.0%
1Y
11.8%
ECH
AU$0.34
Echelon Resources
7D
3.0%
1Y
1.5%