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

Australian (ASX) Oil and Gas Industry Analysis

UpdatedAug 24, 2026
DataAggregated Company Financials
Companies103
  • 7D3.4%
  • 3M3.6%
  • 1Y19.2%
  • YTD26.0%

Over the last 7 days, the Oil and Gas industry has risen 3.4%, driven by gains from Woodside Energy Group of 3.6%. During this same period, the Berkeley Energia underperformed, falling 17%. In the last 12 months, the industry was up 19%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Aug 2026AU$144.3bAU$102.6bAU$4.7b15.9x30.5x1.4x
Wed, 22 Jul 2026AU$134.2bAU$102.5bAU$5.1b14.9x26.2x1.3x
Fri, 19 Jun 2026AU$128.5bAU$102.6bAU$5.1b14.3x25.1x1.3x
Sun, 17 May 2026AU$138.3bAU$102.0bAU$5.0b15.8x27.6x1.4x
Tue, 14 Apr 2026AU$148.0bAU$102.4bAU$5.0b17.2x29.3x1.4x
Thu, 12 Mar 2026AU$135.5bAU$102.2bAU$5.3b20.5x25.4x1.3x
Sat, 07 Feb 2026AU$121.1bAU$108.5bAU$6.4b15.2x18.8x1.1x
Mon, 05 Jan 2026AU$113.2bAU$109.8bAU$6.8b13.3x16.7x1x
Wed, 03 Dec 2025AU$115.7bAU$110.4bAU$6.9b13.5x16.8x1x
Fri, 31 Oct 2025AU$114.3bAU$110.4bAU$6.9b13.2x16.6x1x
Sun, 28 Sep 2025AU$112.3bAU$110.4bAU$7.1b13.8x15.8x1x
Tue, 26 Aug 2025AU$120.1bAU$110.3bAU$7.7b13.7x15.6x1.1x
Thu, 24 Jul 2025AU$120.3bAU$112.1bAU$8.9b15.2x13.5x1.1x
Sat, 21 Jun 2025AU$118.1bAU$112.5bAU$9.0b14.5x13.1x1x
Mon, 19 May 2025AU$103.3bAU$112.9bAU$9.1b13.5x11.3x0.9x
Wed, 16 Apr 2025AU$90.9bAU$113.1bAU$9.2b14.5x9.9x0.8x
Fri, 14 Mar 2025AU$101.7bAU$113.3bAU$9.2b14.4x11.1x0.9x
Sun, 09 Feb 2025AU$115.4bAU$111.9bAU$7.0b13.6x16.5x1x
Tue, 07 Jan 2025AU$117.7bAU$111.8bAU$6.4b12.8x18.4x1.1x
Thu, 05 Dec 2024AU$113.7bAU$111.2bAU$6.3b12.7x18.1x1x
Sat, 02 Nov 2024AU$114.4bAU$110.5bAU$6.2b11.5x18.5x1x
Mon, 30 Sep 2024AU$115.8bAU$109.1bAU$5.9b11.1x19.7x1.1x
Wed, 28 Aug 2024AU$122.1bAU$110.0bAU$6.0b9.4x20.2x1.1x
Fri, 26 Jul 2024AU$126.4bAU$113.0bAU$7.5b8.2x16.9x1.1x
Sun, 23 Jun 2024AU$129.1bAU$112.5bAU$7.4b8.3x17.4x1.1x
Tue, 21 May 2024AU$135.0bAU$112.3bAU$7.4b7.4x18.3x1.2x
Thu, 18 Apr 2024AU$136.2bAU$113.6bAU$7.6b7.8x17.9x1.2x
Sat, 16 Mar 2024AU$131.4bAU$113.7bAU$7.9b6.9x16.6x1.2x
Mon, 12 Feb 2024AU$138.4bAU$129.0bAU$19.5b6.1x7.1x1.1x
Wed, 10 Jan 2024AU$137.3bAU$128.1bAU$19.1b5.6x7.2x1.1x
Fri, 08 Dec 2023AU$128.0bAU$128.9bAU$19.3b5.7x6.6x1x
Sun, 05 Nov 2023AU$137.5bAU$129.2bAU$19.5b5.7x7.1x1.1x
Tue, 03 Oct 2023AU$146.1bAU$129.9bAU$19.7b6x7.4x1.1x
Thu, 31 Aug 2023AU$146.1bAU$130.0bAU$20.3b5.4x7.2x1.1x
Price to Earnings Ratio

7.2x


Total Market Cap: AU$146.1bTotal Earnings: AU$20.3bTotal Revenue: AU$130.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Oil and Gas Industry Price to Earnings3Y Average 16.4x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 30.5x which is higher than its 3-year average PE of 16.4x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 38% per year over the last three years,
  • Revenues have also declined 7.6% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Australian Energy industry?

AU Market-0.61%
Energy3.37%
Oil and Gas3.37%
Oil and Gas Exploration and Production4.08%
Coal and Fuels2.37%
Oil and Gas Refining and Marketing0.47%
Oil and Gas Storage and Transportation0%0
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 19.2x.
    • Analysts are expecting annual earnings growth of 21.0%, which is higher than its past year's earnings decline of 69.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 61% over the next 5 years.
  • In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings grow by 7.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
WDS Woodside Energy GroupAU$33.783.6%
+AU$2.2b		26.9%PE16.9x
STO SantosAU$8.415.3%
+AU$1.4b		8.4%PE26.6x
NHC New HopeAU$5.767.7%
+AU$345.7m		32.1%PE31.7x
PDN Paladin EnergyAU$10.584.4%
+AU$202.2m		60.1%PS13.7x
BPT Beach EnergyAU$0.914.6%
+AU$91.2m		-28.2%PE7.3x

Latest News

BPT
AU$0.91
Beach Energy
7D
4.6%
1Y
-28.2%
PDN
AU$10.58
Paladin Energy
7D
4.4%
1Y
60.1%
STO
AU$8.41
Santos
7D
5.3%
1Y
8.4%
Narrative Update • Aug 21

STO: Fair Outlook As Papua LNG And Alaska Oil Underpin Rebased Expectations

Analysts have raised their Santos price target by A$0.23, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin, and a lower future P/E multiple in their models. What's in the News for Santos Santos is targeting a final investment decision on the Papua LNG project in Papua New Guinea in the December quarter, following the recent completion of two multibillion dollar projects in Australia and Alaska.
YAL
AU$5.75
Yancoal Australia
7D
-0.5%
1Y
5.9%
NHC
AU$5.76
New Hope
7D
7.7%
1Y
32.1%
Narrative Update • Aug 18

NHC: Dividends And Buyback Will Support Fairly Valued Coal Producer

Analysts have adjusted their price target for New Hope to A$15.04 from A$12.69, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E expectations. What’s in the News for New Hope No recent company specific news for New Hope is available from the provided sources.
CXU
AU$0.085
Cauldron Energy
7D
-13.3%
1Y
962.5%
Analysis Article • Aug 14

Here's Why We're Not Too Worried About Cauldron Energy's (ASX:CXU) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. By way of example, Cauldron...
AGE
AU$0.042
Alligator Energy
7D
-4.5%
1Y
90.9%
WDS
AU$33.78
Woodside Energy Group
7D
3.6%
1Y
26.9%
Narrative Update • Aug 12

WDS: LNG Project Execution Will Constrain Future Returns Despite Portfolio Streamlining

Analysts have trimmed their A$ fair value estimate for Woodside Energy Group from about A$25.39 to A$24.77. This reflects updated views that factor in a slightly higher discount rate and the projected volume uplift from the Scarborough LNG project, alongside its potential impact on future free cash flow and shareholder returns.
EXR
AU$0.046
Elixir Energy
7D
-9.8%
1Y
35.3%
BKY
AU$0.48
Berkeley Energia
7D
-17.2%
1Y
-7.7%
BMN
AU$3.82
Bannerman Energy
7D
10.7%
1Y
54.0%
Narrative Update • Aug 05

BMN: Higher Margins And Lower Future P/E Will Drive Upside Potential

Analysts have lifted their price target for Bannerman Energy from A$4.71 to about A$5.22, citing updated assumptions that include very strong projected revenue growth, wider profit margins and a lower future P/E multiple. What’s in the News for Bannerman Energy No recent company specific news items for Bannerman Energy are available from the provided sources as of 29 Jul 2026.
PEN
AU$0.28
Peninsula Energy
7D
-3.4%
1Y
n/a
TBN
AU$0.27
Tamboran Resources
7D
3.9%
1Y
65.6%
EMP
AU$0.076
Emperor Energy
7D
-7.3%
1Y
117.1%
Analysis Article • Jul 14

Is Emperor Energy (ASX:EMP) In A Good Position To Invest In Growth?

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
DYL
AU$1.52
Deep Yellow
7D
5.6%
1Y
0.3%
Analysis Article • Jun 19

Deep Yellow (ASX:DYL) Share Price Looks Rich As Uranium Optimism Lifts Interest

Deep Yellow (ASX:DYL) drew fresh attention after its share price rose about 4.8%, a move closely linked to renewed interest in uranium stocks as nuclear energy gains traction as a low emission power source. See our latest analysis for Deep Yellow. That 1 day share price return of 2.99% comes on top of a 26.47% 7 day share price return. However, the year to date share price return is still down 11.57%, while the 3 year total shareholder return of 140.56% and 5 year total shareholder return of...
IVZ
AU$0.062
Invictus Energy
7D
-8.8%
1Y
20.4%