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U.K. (FTSE) Oil and Gas Industry Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies67
  • 7D4.8%
  • 3M10.0%
  • 1Y14.3%
  • YTD9.6%

Over the last 7 days, the Oil and Gas industry has risen 4.8%, driven by gains from Shell of 4.6%. Meanwhile, Rockhopper Exploration actually underperformed within the industry, shrinking 5.2% in the last week. This means that the industry has gained 14% over the past year. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

Has the U.K. Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Sep 2025UK£243.0bUK£356.6bUK£10.1b12x24x0.7x
Mon, 25 Aug 2025UK£238.9bUK£357.1bUK£11.1b11.6x21.4x0.7x
Wed, 23 Jul 2025UK£231.5bUK£357.6bUK£9.1b10x25.3x0.6x
Fri, 20 Jun 2025UK£236.6bUK£359.2bUK£9.2b9.7x25.8x0.7x
Sun, 18 May 2025UK£220.9bUK£364.3bUK£9.5b9.2x23.3x0.6x
Tue, 15 Apr 2025UK£208.7bUK£370.1bUK£12.7b9.6x16.5x0.6x
Thu, 13 Mar 2025UK£236.8bUK£376.6bUK£13.0b9.6x18.2x0.6x
Sat, 08 Feb 2025UK£244.1bUK£396.9bUK£15.7b9.9x15.6x0.6x
Mon, 06 Jan 2025UK£238.0bUK£406.0bUK£15.2b8.9x15.6x0.6x
Wed, 04 Dec 2024UK£233.5bUK£398.6bUK£15.4b9.6x15.2x0.6x
Fri, 01 Nov 2024UK£227.7bUK£391.5bUK£15.1b9.6x15.1x0.6x
Sun, 29 Sep 2024UK£227.4bUK£386.2bUK£20.1b8.8x11.3x0.6x
Tue, 27 Aug 2024UK£252.2bUK£391.5bUK£20.3b12.1x12.4x0.6x
Thu, 25 Jul 2024UK£259.5bUK£401.4bUK£21.7b12.6x11.9x0.6x
Sat, 22 Jun 2024UK£265.1bUK£409.6bUK£22.2b9.9x11.9x0.6x
Mon, 20 May 2024UK£271.2bUK£407.9bUK£22.2b10.6x12.2x0.7x
Wed, 17 Apr 2024UK£283.6bUK£434.9bUK£28.8b7.4x9.9x0.7x
Fri, 15 Mar 2024UK£255.2bUK£424.6bUK£27.5b6.8x9.3x0.6x
Sun, 11 Feb 2024UK£251.8bUK£429.6bUK£26.9b6.2x9.4x0.6x
Tue, 09 Jan 2024UK£272.9bUK£612.5bUK£62.8b3.9x4.3x0.4x
Thu, 07 Dec 2023UK£273.6bUK£618.9bUK£63.4b4x4.3x0.4x
Sat, 04 Nov 2023UK£290.4bUK£626.8bUK£64.0b4.1x4.5x0.5x
Mon, 02 Oct 2023UK£297.4bUK£650.7bUK£58.6b4.9x5.1x0.5x
Wed, 30 Aug 2023UK£275.6bUK£633.8bUK£57.2b4.9x4.8x0.4x
Fri, 28 Jul 2023UK£286.7bUK£659.7bUK£75.4b4.8x3.8x0.4x
Sun, 25 Jun 2023UK£265.6bUK£664.9bUK£76.1b4.5x3.5x0.4x
Tue, 23 May 2023UK£280.1bUK£677.4bUK£77.8b4.9x3.6x0.4x
Thu, 20 Apr 2023UK£297.2bUK£668.8bUK£54.3b4.9x5.5x0.4x
Sat, 18 Mar 2023UK£272.3bUK£679.6bUK£56.1b4.3x4.9x0.4x
Mon, 13 Feb 2023UK£326.8bUK£680.0bUK£56.7b3.9x5.8x0.5x
Wed, 11 Jan 2023UK£305.9bUK£648.3bUK£50.6b4.6x6x0.5x
Fri, 09 Dec 2022UK£300.3bUK£647.2bUK£51.0b4.5x5.9x0.5x
Sun, 06 Nov 2022UK£323.9bUK£682.4bUK£51.8b4.7x6.2x0.5x
Tue, 04 Oct 2022UK£300.2bUK£640.1bUK£45.9b5.2x6.5x0.5x
Price to Earnings Ratio

6.5x


Total Market Cap: UK£300.2bTotal Earnings: UK£45.9bTotal Revenue: UK£640.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Oil and Gas Industry Price to Earnings3Y Average 12.6x202320242025
Current Industry PE
  • Investors are optimistic on the British Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.0x which is higher than its 3-year average PE of 12.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.60x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 40% per year over the last three years,
  • Revenues have also declined 18% 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 U.K. Energy industry?

GB Market0.86%
Energy4.80%
Oil and Gas4.80%
Integrated Oil and Gas5.02%
Oil and Gas Exploration and Production3.81%
Coal and Fuels1.93%
Oil and Gas Storage and Transportation-0.28%
Oil and Gas Refining and Marketing-10.34%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry even though it's trading below its 3-year average PE ratio of 39.9x.
    • Analysts are expecting annual earnings growth of 16.0%, which is lower than the prior year's growth of 20.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Exploration and Production industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings grow by 12% 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
SHEL ShellUK£27.344.6%
+UK£6.9b		12.8%PE15.7x
BP. BPUK£4.465.9%
+UK£3.8b		14.8%PE164.1x
ITH Ithaca EnergyUK£2.008.0%
+UK£243.8m		88.0%PS1.7x
YCA Yellow CakeUK£5.819.3%
+UK£240.9m		1.0%PB1.3x
KAP National Atomic Company Kazatomprom JSCUS$50.701.2%
+US$155.6m		35.6%PE12x

Latest News

YCA
UK£5.81
Yellow Cake
7D
9.3%
1Y
1.0%
KAP
US$50.70
National Atomic Company Kazatomprom JSC
7D
1.2%
1Y
35.6%

There Is A Reason National Atomic Company Kazatomprom JSC's (LON:KAP) Price Is Undemanding

Sep 25
There Is A Reason National Atomic Company Kazatomprom JSC's (LON:KAP) Price Is Undemanding
BP.
UK£4.46
BP
7D
5.9%
1Y
14.8%

Upstream Breakthroughs And Cost Cuts Will Reshape Global Energy Markets

Analysts have raised BP’s price target from £4.44 to £4.51, citing improved earnings, a positive outlook on upstream growth after the Bumerangue Block discovery, and confidence in valuation convergence with peers. Analyst Commentary Bullish analysts cite BP’s attractive valuation relative to European supermajor peers, expecting the valuation gap to narrow.
SHEL
UK£27.34
Shell
7D
4.6%
1Y
12.8%

LNG Investments And Cost Cuts Will Support Future Energy Resilience

Shell’s price target has edged up to £30.50 as analysts remain broadly supportive, citing strong growth prospects and a favorable refining outlook despite some concerns about near-term momentum. Analyst Commentary Bullish analysts cited Shell's distinctive mix of growth, resource depth, and sustainable shareholder returns, with medium-term refining outlook becoming increasingly favorable.
ENOG
UK£8.19
Energean
7D
-1.0%
1Y
-8.4%

Mediterranean Expansion And West Africa Initiatives Will Open New Markets

Despite a significant improvement in Energean's net profit margin and a substantially lower future P/E ratio, the consensus analyst price target has declined from £10.87 to £10.26, indicating revised growth or risk expectations. What's in the News Energean reported group production of 138 Kboed for the first half of 2025, down from 146 Kboed year-on-year; August production rose to 178 Kboed.
BOR
UK£0.11
Borders & Southern Petroleum
7D
-4.3%
1Y
475.9%
HSP
UK£6.98
Hargreaves Services
7D
-8.6%
1Y
26.9%
QED
UK£0.039
Quadrise
7D
-10.3%
1Y
169.5%
HBR
UK£2.15
Harbour Energy
7D
2.2%
1Y
-19.6%

Harbour Energy (LON:HBR) Seems To Use Debt Quite Sensibly

Sep 16
Harbour Energy (LON:HBR) Seems To Use Debt Quite Sensibly
ENW
UK£0.20
Enwell Energy
7D
-4.8%
1Y
6.0%

The Market Doesn't Like What It Sees From Enwell Energy plc's (LON:ENW) Earnings Yet

Sep 14
The Market Doesn't Like What It Sees From Enwell Energy plc's (LON:ENW) Earnings Yet
PANR
UK£0.25
Pantheon Resources
7D
-0.8%
1Y
50.6%
ITH
UK£2.00
Ithaca Energy
7D
8.0%
1Y
88.0%
AEX
UK£0.021
Aminex
7D
-4.4%
1Y
38.7%
SQZ
UK£1.73
Serica Energy
7D
7.7%
1Y
27.2%
RKH
UK£0.73
Rockhopper Exploration
7D
-5.2%
1Y
439.2%
GKP
UK£2.19
Gulf Keystone Petroleum
7D
25.3%
1Y
88.8%