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

UpdatedNov 18, 2025
DataAggregated Company Financials
Companies52
  • 7D-1.9%
  • 3M7.2%
  • 1Y21.1%
  • YTDn/a

The Oil and Gas Exploration and Production industry has gained 1.3% in the last week and Diversified Energy up 12%. In the last 12 months, the industry was up 24%. Earnings are forecast to grow by 40% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Nov 2025UK£16.1bUK£15.6b-UK£372,273,074.297.2x-43.2x1x
Fri, 17 Oct 2025UK£14.2bUK£14.9b-UK£489,234,491.028x-29x1x
Sun, 14 Sep 2025UK£14.5bUK£14.6b-UK£436,385,240.258.7x-33.3x1x
Tue, 12 Aug 2025UK£14.5bUK£14.2b-UK£408,898,171.998.7x-35.4x1x
Thu, 10 Jul 2025UK£13.6bUK£11.4b-UK£118,658,234.117.6x-114.3x1.2x
Sat, 07 Jun 2025UK£12.6bUK£11.5b-UK£156,958,457.348.5x-80x1.1x
Mon, 05 May 2025UK£11.7bUK£11.5bUK£11.6m8.2x1003.4x1x
Wed, 02 Apr 2025UK£13.4bUK£11.3bUK£15.4m8.9x870.6x1.2x
Fri, 28 Feb 2025UK£13.3bUK£9.5bUK£307.3m10.6x43.1x1.4x
Sun, 26 Jan 2025UK£12.9bUK£9.8bUK£291.2m8.5x44.5x1.3x
Tue, 24 Dec 2024UK£11.9bUK£9.7bUK£286.6m8.9x41.5x1.2x
Thu, 21 Nov 2024UK£12.2bUK£9.8bUK£293.4m8.9x41.7x1.2x
Sat, 19 Oct 2024UK£11.7bUK£9.5bUK£306.3m9.6x38.2x1.2x
Mon, 16 Sep 2024UK£10.9bUK£9.8bUK£325.1m8.3x33.5x1.1x
Wed, 14 Aug 2024UK£9.9bUK£10.1bUK£631.8m11.7x15.6x1x
Fri, 12 Jul 2024UK£10.6bUK£10.1bUK£551.0m7.5x19.3x1x
Sun, 09 Jun 2024UK£11.1bUK£10.5bUK£599.5m9.3x18.5x1.1x
Tue, 07 May 2024UK£10.7bUK£10.9bUK£765.2m8.7x14x1x
Thu, 04 Apr 2024UK£10.4bUK£11.2bUK£911.5m7.1x11.5x0.9x
Sat, 02 Mar 2024UK£10.2bUK£12.6b-UK£477,664,869.203.8x-21.4x0.8x
Mon, 29 Jan 2024UK£10.9bUK£13.0b-UK£422,001,886.004x-25.8x0.8x
Wed, 27 Dec 2023UK£11.4bUK£13.0b-UK£392,653,999.004x-29x0.9x
Fri, 24 Nov 2023UK£10.9bUK£13.3b-UK£620,656,978.004.1x-17.6x0.8x
Sun, 22 Oct 2023UK£11.3bUK£13.5b-UK£607,864,146.004.1x-18.6x0.8x
Tue, 19 Sep 2023UK£12.1bUK£13.4b-UK£465,765,428.004.1x-26x0.9x
Thu, 17 Aug 2023UK£11.0bUK£12.6bUK£636.8m4.7x17.2x0.9x
Sat, 15 Jul 2023UK£10.4bUK£12.5bUK£809.9m4.7x12.9x0.8x
Mon, 12 Jun 2023UK£9.4bUK£12.3bUK£846.3m5.4x11.1x0.8x
Wed, 10 May 2023UK£11.9bUK£12.7bUK£2.1b5x5.7x0.9x
Fri, 07 Apr 2023UK£13.0bUK£12.7bUK£2.1b5.2x6.1x1x
Sun, 05 Mar 2023UK£11.2bUK£8.2bUK£3.2b4.4x3.5x1.4x
Tue, 31 Jan 2023UK£11.1bUK£8.0bUK£3.2b4.9x3.5x1.4x
Thu, 29 Dec 2022UK£11.8bUK£8.2bUK£3.2b4.5x3.7x1.4x
Sat, 26 Nov 2022UK£12.1bUK£7.9bUK£3.4b4.5x3.5x1.5x
Price to Earnings Ratio

3.5x


Total Market Cap: UK£12.1bTotal Earnings: UK£3.4bTotal Revenue: UK£7.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 37.2x202320242025
Current Industry PE
  • Investors are relatively neutral on the British 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 PS ratio of 1.1x.
Past Earnings Growth
  • Total earnings for the Oil and Gas Exploration and Production industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 26% 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 U.K. Oil and Gas Exploration and Production compare with similar industries?

GB Market-3.44%
Energy-3.86%
Oil and Gas-3.87%
Oil and Gas Exploration and Production-1.94%
Oil and Gas Storage and Transportation-3.30%
Integrated Oil and Gas-3.83%
Coal and Fuels-6.98%
Oil and Gas Refining and Marketing-10.67%
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
DEC Diversified EnergyUK£11.594.3%
+UK£36.5m		-6.5%PS1x
GKP Gulf Keystone PetroleumUK£1.822.7%
+UK£10.4m		28.0%PS3.2x
INDI Indus GasUK£0.1124.1%
+UK£3.8m		30.3%PS0.9x
CNE Capricorn EnergyUK£2.001.6%
+UK£2.2m		-9.7%PS1.4x
ZEN Zenith EnergyUK£0.03314.0%
+UK£2.2m		124.1%PE30.1x

Latest News

SEPL
UK£2.62
Seplat Energy
7D
-6.9%
1Y
20.5%

Lacklustre Performance Is Driving Seplat Energy Plc's (LON:SEPL) Low P/E

Nov 17
Lacklustre Performance Is Driving Seplat Energy Plc's (LON:SEPL) Low P/E
DEC
UK£11.59
Diversified Energy
7D
4.3%
1Y
-6.5%

DEC: Discounted Gas Stocks Will Likely Benefit From Positive Price Trends

Analysts have raised their fair value estimate for Diversified Energy from $18.29 to $19.31 per share. This change is attributed to updated commodity price forecasts and a continued preference for gas-focused exploration and production companies.
PANR
UK£0.23
Pantheon Resources
7D
-6.9%
1Y
-15.3%
HBR
UK£2.34
Harbour Energy
7D
-0.8%
1Y
-7.9%
ENOG
UK£9.73
Energean
7D
-5.2%
1Y
-5.7%

ENOG: Production Setbacks And Forecast Revision Will Shape Near-Term Outlook

Analysts have lowered their price target for Energean from $10.26 to $9.85. This change reflects updated forecasts for profit margins and valuation metrics.
SQZ
UK£2.11
Serica Energy
7D
-2.1%
1Y
60.8%

SQZ: Resumed Production And Upcoming Acquisitions Will Drive Strong Upside

Serica Energy’s analyst price target has been raised from £2.41 to £2.46, as analysts cite improved forecasts for revenue growth and profit margin. What's in the News Production at the Triton FPSO resumed after a temporary suspension caused by an issue with the flare system.
CDL
UK£0.0097
Cloudbreak Discovery
7D
8.3%
1Y
n/a
SEA
UK£0.68
Seascape Energy Asia
7D
3.0%
1Y
78.4%
ZPHR
UK£0.022
Zephyr Energy
7D
-16.7%
1Y
-18.9%
UPL
UK£0.025
Upland Resources
7D
5.1%
1Y
119.6%
INDI
UK£0.11
Indus Gas
7D
24.1%
1Y
30.3%
ZEN
UK£0.033
Zenith Energy
7D
14.0%
1Y
124.1%

We Think Shareholders Are Less Likely To Approve A Pay Rise For Zenith Energy Ltd.'s (LON:ZEN) CEO For Now

Oct 05
We Think Shareholders Are Less Likely To Approve A Pay Rise For Zenith Energy Ltd.'s (LON:ZEN) CEO For Now
GKP
UK£1.82
Gulf Keystone Petroleum
7D
2.7%
1Y
28.0%

New Water Facilities And Pipeline Exports Will Unlock Oil Production

The rise in consensus price target to £2.14 reflects stronger revenue growth forecasts and a lower forward P/E, indicating improved earnings expectations and valuation appeal for Gulf Keystone Petroleum. What's in the News Production guidance for 2025 revised to 40,000–42,000 bopd, down from previous 40,000–45,000 bopd, due to recent temporary disruptions.
CNE
UK£2.00
Capricorn Energy
7D
1.6%
1Y
-9.7%
TLW
UK£0.085
Tullow Oil
7D
-7.3%
1Y
-63.2%

Tullow Oil plc's (LON:TLW) 26% Dip In Price Shows Sentiment Is Matching Revenues

Sep 02
Tullow Oil plc's (LON:TLW) 26% Dip In Price Shows Sentiment Is Matching Revenues
SAVE
UK£0.052
Savannah Energy
7D
-15.3%
1Y
n/a