French (CAC) Oil and Gas Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 23 May 2026	€205.9b	€177.9b	€13.9b	18.2x	14.8x	1.2x
Mon, 20 Apr 2026	€181.6b	€174.5b	€12.1b	17.4x	15x	1x
Wed, 18 Mar 2026	€184.0b	€177.8b	€12.5b	17.9x	14.7x	1x
Fri, 13 Feb 2026	€161.8b	€173.4b	€12.0b	16.4x	13.5x	0.9x
Sun, 11 Jan 2026	€141.2b	€177.5b	€13.1b	15.9x	10.8x	0.8x
Tue, 09 Dec 2025	€131.3b	€174.5b	€12.7b	15.8x	10.4x	0.8x
Thu, 06 Nov 2025	€126.8b	€176.5b	€12.8b	15.6x	9.9x	0.7x
Sat, 04 Oct 2025	€120.6b	€176.0b	€11.3b	15.3x	10.6x	0.7x
Mon, 01 Sep 2025	€126.8b	€179.8b	€11.6b	11.7x	10.9x	0.7x
Wed, 30 Jul 2025	€125.9b	€181.8b	€11.8b	11.7x	10.7x	0.7x
Fri, 27 Jun 2025	€127.0b	€183.5b	€12.5b	15.8x	10.1x	0.7x
Sun, 25 May 2025	€123.2b	€188.5b	€12.9b	14.5x	9.5x	0.7x
Tue, 22 Apr 2025	€124.2b	€191.5b	€14.5b	15.7x	8.6x	0.6x
Thu, 20 Mar 2025	€142.0b	€200.4b	€15.5b	13x	9.1x	0.7x
Sat, 15 Feb 2025	€141.7b	€207.1b	€16.1b	14.4x	8.8x	0.7x
Mon, 13 Jan 2025	€134.0b	€219.2b	€17.5b	13.3x	7.6x	0.6x
Wed, 11 Dec 2024	€132.8b	€214.2b	€17.1b	11.4x	7.8x	0.6x
Fri, 08 Nov 2024	€140.6b	€209.0b	€16.7b	11.8x	8.4x	0.7x
Sun, 06 Oct 2024	€152.2b	€212.3b	€20.4b	11.8x	7.5x	0.7x
Tue, 03 Sep 2024	€152.9b	€210.6b	€20.2b	11.7x	7.6x	0.7x
Thu, 01 Aug 2024	€153.6b	€215.1b	€20.8b	9.6x	7.4x	0.7x
Sat, 29 Jun 2024	€153.6b	€219.3b	€21.2b	9.2x	7.3x	0.7x
Mon, 27 May 2024	€162.9b	€216.8b	€20.9b	10.2x	7.8x	0.8x
Wed, 24 Apr 2024	€172.9b	€225.4b	€21.4b	7.2x	8.1x	0.8x
Fri, 22 Mar 2024	€160.6b	€225.4b	€20.3b	7.7x	7.9x	0.7x
Sun, 18 Feb 2024	€153.3b	€226.9b	€20.3b	9.1x	7.5x	0.7x
Tue, 16 Jan 2024	€150.3b	€232.0b	€18.4b	9.6x	8.2x	0.6x
Thu, 14 Dec 2023	€153.3b	€235.0b	€18.6b	9.6x	8.2x	0.7x
Sat, 11 Nov 2023	€155.8b	€237.5b	€18.8b	9.3x	8.3x	0.7x
Mon, 09 Oct 2023	€152.6b	€249.0b	€18.9b	7.9x	8.1x	0.6x
Wed, 06 Sep 2023	€152.5b	€246.1b	€18.7b	8.3x	8.2x	0.6x
Fri, 04 Aug 2023	€138.5b	€244.6b	€19.2b	8.4x	7.2x	0.6x
Sun, 02 Jul 2023	€134.6b	€262.5b	€20.7b	7.3x	6.5x	0.5x
Tue, 30 May 2023	€142.8b	€266.9b	€21.1b	7.6x	6.8x	0.5x

Current Industry PE

Investors are optimistic on the French Oil and Gas industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 14.8x which is higher than its 3-year average PE of 9.2x.

The 3-year average PS ratio of 0.71x is lower than the industry's current PS ratio of 1.2x.

Past Earnings Growth

The earnings for companies in the Oil and Gas industry have declined 13% per year over the last three years,
Revenues have also declined 13% 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 French Energy industry?


FR Market	0.23%
Energy	1.64%
Oil and Gas	2.23%
Coal and Fuels	3.72%
Integrated Oil and Gas	2.53%
Oil and Gas Storage and Transportation	0.62%
Oil and Gas Exploration and Production	-0.49%
Oil and Gas Refining and Marketing	-3.70%

Industry PE

Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio of 22.1x.

Analysts are expecting annual earnings growth of 4.0%, which is lower than the prior year's growth of 18.9% per year.

Forecasted Growth

Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 66% over the next 5 years.

In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings grow by 3.1% per year over the next few years.

Top Stock Gainers and Losers

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

Company	Last Price	7D	1Y	Valuation
BOL Bolloré	€5.38	2.2% +€323.1m	-5.0%	PE45.8x
FDE La Française de l'Energie	€38.00	4.5% +€8.7m	33.3%	PE74.4x
LHYFE Lhyfe	€2.34	3.8% +€4.1m	-28.2%	PS11.5x
WAGA Waga Energy	€22.70	0.4% +€2.7m	41.9%	PS10.2x
ALHAF Haffner Energy	€0.18	20.1% +€1.8m	-37.2%	PS24x

Haffner Energy Launches CORE100, an Industrial Program with over EUR 300 Million Target Sales over Three Years

Haffner Energy announced the launch of CORE100, a reservation program for 100 standardized C-iC industrial units, representing a target business volume of over EUR 300 million over three years. This program is expected to enable Haffner Energy to achieve positive EBITDA in the fiscal year beginning April 1, 2026, with a target EBITDA margin of more than 10% as of the following fiscal year. The Company anticipates being able to announce the first reservations shortly, following the interest generated by the unveiling of the C-iC range last month. CORE100 is an industrial program designed to reduce CAPEX for midsize projects. It also aims to build a significant order book over three years, thereby strengthening multi-year visibility and realigning the Company with the commercial trajectory defined in 2024. CORE100 is independent of the remainder of the Company's pipeline and does not affect the development of ongoing strategic projects, particularly in the field of large-scale synthetic fuels production. In a context marked by reduced subsidies and an uncertain geopolitical environment, decentralized midsize projects face high CAPEX levels that are too high to ensure competitiveness and bankability. CORE100 was designed to remove this barrier. The program provides access to various types of equipment which, based on the same technology, can produce either 50 kg/h of hydrogen (400 tonnes per year) or 1,700 kWh of syngas for the production of methanol orethane, or in an alternative configuration, for the production of thermal energy. It is reserved for countries that comply with ISO standards, the metric system, and a 50 Hz electrical frequency (Europe, North Africa). CORE100 is based on the serial manufacturing of 100 standardized units, enabling: the complete pooling of research and development; extensive standardization of equipment; supplier negotiations based on guaranteed volumes; a significant reduction in execution risk. The combined effect of mass production and modularity enables: an estimated CAPEX reduction of more than 50% compared to a stand-alone unit - this CAPEX reduction is in addition to the economic benefits associated with modularity, as presented in the press release dated January 27, 2026; an additional reduction of 30% to 40% linked to the elimination of heavy civil engineering, representing an overall CAPEX reduction of 65% compared to individual projects; a reduction in completion times of four to six months compared to a stand- alone unit. Significantly reduced production costs: Under realistic economic assumptions1 and without subsidies, the Company's target cost levels2 are as follows: Renewable hydrogen: approximately EUR2.34/kg, compared with costs typically exceeding EUR7/kg for decentralized electrolysis projects; Thermal syngas: lower than the cost of energy produced by a conventional biomass boiler; Syngas for conversion: competitive for the production of biomethanol or biomethane compared to alternative solutions using large units. These costs reposition medium-sized projects on an economic basis comparable to projects with ten times the capacity, while offering greater flexibility.

French (CAC) Oil and Gas Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Etablissements Maurel & Prom S.A. Approves Dividend for the Year 2025, Payable on August 27, 2026

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Les Docks des Pétroles d'Ambès -SA, Annual General Meeting, Jun 09, 2026

TotalEnergies EP Gabon Société Anonyme's (EPA:EC) Weak Earnings May Only Reveal A Part Of The Whole Picture

New major risk - Revenue and earnings growth

New major risk - Share price stability

Full year 2025 earnings released: EPS: €0.11 (vs €0.05 in FY 2024)

Consensus EPS estimates fall by 66%

Consensus EPS estimates fall by 10%, revenue upgraded

New major risk - Share price stability

Haffner Energy Launches CORE100, an Industrial Program with over EUR 300 Million Target Sales over Three Years