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

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies70
  • 7D-0.4%
  • 3M0.5%
  • 1Y-8.0%
  • YTDn/a

Over the last 7 days, the Oil and Gas Exploration and Production industry has remained flat, although notably Equus Energy gained 27%. Unfortunately though, the industry is down 8.0% over the past 12 months. Earnings are forecast to grow by 4.2% 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, 11 Jan 2026AU$74.1bAU$32.4bAU$5.7b17.3x13.1x2.3x
Tue, 09 Dec 2025AU$78.2bAU$32.7bAU$5.7b17.6x13.7x2.4x
Thu, 06 Nov 2025AU$77.4bAU$33.4bAU$5.9b16.9x13.2x2.3x
Sat, 04 Oct 2025AU$74.6bAU$32.8bAU$5.7b15.9x13x2.3x
Mon, 01 Sep 2025AU$85.0bAU$33.1bAU$5.9b18.2x14.3x2.6x
Wed, 30 Jul 2025AU$85.1bAU$32.4bAU$7.5b15.3x11.4x2.6x
Fri, 27 Jun 2025AU$78.5bAU$32.2bAU$7.4b13.4x10.5x2.4x
Sun, 25 May 2025AU$70.0bAU$32.4bAU$7.5b13.1x9.4x2.2x
Tue, 22 Apr 2025AU$64.1bAU$32.8bAU$7.6b13.1x8.5x2x
Thu, 20 Mar 2025AU$72.7bAU$33.2bAU$7.7b13.6x9.4x2.2x
Sat, 15 Feb 2025AU$78.0bAU$32.7bAU$5.2b14.3x15.1x2.4x
Mon, 13 Jan 2025AU$79.5bAU$33.6bAU$4.8b12.2x16.6x2.4x
Wed, 11 Dec 2024AU$75.4bAU$32.3bAU$4.6b12.9x16.5x2.3x
Fri, 08 Nov 2024AU$76.5bAU$31.3bAU$4.4b11.6x17.5x2.4x
Sun, 06 Oct 2024AU$83.4bAU$30.6bAU$4.3b12.7x19.6x2.7x
Tue, 03 Sep 2024AU$84.9bAU$30.8bAU$4.2b10.5x20.1x2.8x
Thu, 01 Aug 2024AU$88.0bAU$34.5bAU$4.6b7.3x19.1x2.6x
Sat, 29 Jun 2024AU$88.3bAU$33.8bAU$4.5b6.7x19.6x2.6x
Mon, 27 May 2024AU$88.3bAU$33.8bAU$4.5b7.7x19.6x2.6x
Wed, 24 Apr 2024AU$89.3bAU$34.7bAU$4.6b6.6x19.2x2.6x
Fri, 22 Mar 2024AU$92.4bAU$34.1bAU$4.5b6.2x20.5x2.7x
Sun, 18 Feb 2024AU$92.8bAU$42.5bAU$12.6b6.4x7.4x2.2x
Tue, 16 Jan 2024AU$97.5bAU$41.6bAU$12.8b6.4x7.6x2.3x
Thu, 14 Dec 2023AU$91.8bAU$42.2bAU$13.1b7.1x7x2.2x
Sat, 11 Nov 2023AU$95.1bAU$43.5bAU$13.5b7.2x7.1x2.2x
Mon, 09 Oct 2023AU$99.7bAU$43.3bAU$13.4b7.4x7.4x2.3x
Wed, 06 Sep 2023AU$109.0bAU$43.5bAU$13.4b7x8.1x2.5x
Fri, 04 Aug 2023AU$108.1bAU$41.3bAU$13.6b7.2x8x2.6x
Sun, 02 Jul 2023AU$100.3bAU$40.5bAU$13.3b6.7x7.5x2.5x
Tue, 30 May 2023AU$102.4bAU$41.2bAU$13.6b6.8x7.6x2.5x
Thu, 27 Apr 2023AU$99.1bAU$40.8bAU$13.4b7x7.4x2.4x
Sat, 25 Mar 2023AU$95.0bAU$40.6bAU$13.3b7.1x7.2x2.3x
Mon, 20 Feb 2023AU$99.3bAU$27.5bAU$7.0b14.3x14.1x3.6x
Wed, 18 Jan 2023AU$107.0bAU$27.2bAU$7.0b15x15.3x3.9x
Price to Earnings Ratio

15.3x


Total Market Cap: AU$107.0bTotal Earnings: AU$7.0bTotal Revenue: AU$27.2bTotal 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 6.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.1% 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 Market0.16%
Energy0.13%
Oil and Gas0.13%
Oil and Gas Exploration and Production-0.40%
Coal and Fuels3.08%
Oil and Gas Storage and Transportation0%0
Oil and Gas Refining and Marketing-3.75%
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
TDO 3D EnergiAU$0.179.7%
+AU$25.4m		91.0%PB11.1x
EQU Equus EnergyAU$0.4927.3%
+AU$21.5m		n/aPB26.7x
TBN Tamboran ResourcesAU$0.202.5%
+AU$21.1m		20.6%PB2x
HZN Horizon OilAU$0.215.0%
+AU$16.3m		7.7%PE18.7x
KKO Kinetiko EnergyAU$0.07713.2%
+AU$13.8m		5.5%PB1.6x

Latest News

KAR
AU$1.54
Karoon Energy
7D
-1.3%
1Y
8.9%
IVZ
AU$0.17
Invictus Energy
7D
-2.9%
1Y
108.9%
TDO
AU$0.17
3D Energi
7D
9.7%
1Y
91.0%
BPT
AU$1.10
Beach Energy
7D
-6.0%
1Y
-23.6%

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$23.59
Woodside Energy Group
7D
-0.3%
1Y
-6.6%

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.
BTL
AU$0.27
Beetaloo Energy Australia
7D
-7.0%
1Y
15.2%

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$0.10
Strike Energy
7D
-4.5%
1Y
-51.2%

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
10.0%
1Y
-31.3%
EQU
AU$0.49
Equus Energy
7D
27.3%
1Y
n/a
PCL
AU$0.012
Pancontinental Energy
7D
9.1%
1Y
-29.4%
FDR
AU$0.36
Finder Energy Holdings
7D
-6.5%
1Y
847.4%
OMA
AU$0.40
Omega Oil & Gas
7D
-3.6%
1Y
23.1%
KKO
AU$0.077
Kinetiko Energy
7D
13.2%
1Y
5.5%
TBN
AU$0.20
Tamboran Resources
7D
2.5%
1Y
20.6%
BRU
AU$0.022
Buru Energy
7D
29.4%
1Y
-45.0%
HZN
AU$0.21
Horizon Oil
7D
5.0%
1Y
7.7%