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

Investors are optimistic on the British Oil and Gas Exploration and Production industry, and appear confident in long term growth rates. The industry is trading at a PE ratio of 140x which is higher than its 3-year average PE of 20.2x. The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.

How does U.K. Oil and Gas Exploration and Production compare with similar industries?

There are no additional sub-industries under this industry.

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 28 May 2026	UK£16.5b	UK£14.2b	UK£118.4m	18.9x	139.6x	1.2x
Sat, 25 Apr 2026	UK£17.7b	UK£14.3b	-UK£114,894,876.77	8.3x	-153.9x	1.2x
Mon, 23 Mar 2026	UK£17.5b	UK£14.5b	-UK£203,267,162.34	6.5x	-86x	1.2x
Wed, 18 Feb 2026	UK£15.4b	UK£14.5b	-UK£194,863,362.12	7.4x	-79x	1.1x
Fri, 16 Jan 2026	UK£13.6b	UK£14.7b	-UK£196,584,880.04	7x	-69.3x	0.9x
Sun, 14 Dec 2025	UK£12.8b	UK£14.7b	-UK£202,847,480.69	8.6x	-63.2x	0.9x
Tue, 11 Nov 2025	UK£15.9b	UK£15.6b	-UK£375,901,875.84	7.1x	-42.2x	1x
Thu, 09 Oct 2025	UK£14.7b	UK£14.9b	-UK£492,821,114.36	8.4x	-29.8x	1x
Sat, 06 Sep 2025	UK£14.7b	UK£14.7b	-UK£454,527,252.39	6x	-32.2x	1x
Mon, 04 Aug 2025	UK£13.6b	UK£12.0b	-UK£128,442,783.56	9.2x	-106.1x	1.1x
Wed, 02 Jul 2025	UK£13.1b	UK£11.3b	-UK£117,905,891.10	7.2x	-111.2x	1.2x
Fri, 30 May 2025	UK£12.4b	UK£11.5b	-UK£155,985,740.88	8.8x	-79.6x	1.1x
Sun, 27 Apr 2025	UK£11.6b	UK£11.0b	UK£11.2m	7.6x	1034.5x	1.1x
Tue, 25 Mar 2025	UK£12.3b	UK£11.3b	-UK£144,604,309.56	10.1x	-85.1x	1.1x
Thu, 20 Feb 2025	UK£13.4b	UK£9.5b	UK£314.5m	8.9x	42.5x	1.4x
Sat, 18 Jan 2025	UK£14.1b	UK£10.0b	UK£303.4m	8.6x	46.4x	1.4x
Mon, 16 Dec 2024	UK£12.2b	UK£9.7b	UK£283.7m	9.6x	43x	1.3x
Wed, 13 Nov 2024	UK£11.7b	UK£9.7b	UK£289.1m	8.2x	40.6x	1.2x
Fri, 11 Oct 2024	UK£11.8b	UK£9.5b	UK£305.4m	10x	38.6x	1.2x
Sun, 08 Sep 2024	UK£11.1b	UK£9.5b	UK£253.4m	11x	44x	1.2x
Tue, 06 Aug 2024	UK£9.4b	UK£10.2b	UK£588.8m	11.4x	16x	0.9x
Thu, 04 Jul 2024	UK£10.8b	UK£10.4b	UK£498.8m	7.4x	21.7x	1x
Sat, 01 Jun 2024	UK£11.9b	UK£10.5b	UK£607.3m	12.4x	19.6x	1.1x
Mon, 29 Apr 2024	UK£11.0b	UK£11.1b	UK£824.1m	7.8x	13.3x	1x
Wed, 27 Mar 2024	UK£10.5b	UK£11.5b	UK£452.9m	6.2x	23.2x	0.9x
Fri, 23 Feb 2024	UK£10.0b	UK£12.7b	-UK£521,734,993.62	4.3x	-19.1x	0.8x
Sun, 21 Jan 2024	UK£10.6b	UK£13.0b	-UK£422,067,906.00	4x	-25.1x	0.8x
Tue, 19 Dec 2023	UK£10.3b	UK£13.1b	-UK£422,421,751.00	4.1x	-24.4x	0.8x
Thu, 16 Nov 2023	UK£10.9b	UK£13.4b	-UK£600,460,506.00	4.1x	-18.1x	0.8x
Sat, 14 Oct 2023	UK£11.5b	UK£13.5b	-UK£608,585,831.00	4.1x	-18.9x	0.8x
Mon, 11 Sep 2023	UK£11.8b	UK£13.5b	-UK£405,921,642.00	4.1x	-29x	0.9x
Wed, 09 Aug 2023	UK£11.1b	UK£12.7b	UK£639.7m	4.9x	17.4x	0.9x
Fri, 07 Jul 2023	UK£10.4b	UK£12.8b	UK£817.2m	4.3x	12.7x	0.8x
Sun, 04 Jun 2023	UK£9.2b	UK£12.4b	UK£858.2m	5.1x	10.7x	0.7x


GB Market	0.93%
Energy	-4.98%
Oil and Gas	-4.99%
Oil and Gas Exploration and Production	-8.53%
Coal and Fuels	9.04%
Oil and Gas Refining and Marketing	-1.08%
Oil and Gas Storage and Transportation	-1.12%
Integrated Oil and Gas	-5.57%

Company	Last Price	7D	1Y	Valuation
AEX Aminex	UK£0.025	11.1% +UK£11.2m	104.1%	PS3053.6x
UPL Upland Resources	UK£0.031	10.7% +UK£5.2m	158.3%	PB8x
BOR Borders & Southern Petroleum	UK£0.12	4.1% +UK£4.0m	64.3%	PB0.5x
RKH Rockhopper Exploration	UK£0.79	0.4% +UK£2.6m	53.1%	PE19.6x
CASP Caspian Sunrise	UK£0.023	4.5% +UK£2.4m	-13.2%	PE8.4x

Announcement • Apr 13

Geo Exploration Limited Provides Update on Western Australia Gold Projects Work Programme

Geo Exploration Limited provided an update on planned exploration activities across its Western Australian gold portfolio, comprising the Gorge Project and the Juno Project. The Company's strategy is focused on advancing both projects through systematic exploration programmes aimed at defining drill-ready targets with drilling to commence thereafter across both projects. The Company is progressing a systematic exploration programme at the Gorge Project, focused on modern exploration techniques to refine priority target areas and advancing the project towards a maiden drilling campaign. Planned airborne geophysical surveys include: magnetic, radiometric, LiDAR and aerial photography surveys. These datasets will support detailed mapping of historical workings and deriving a litho-structural interpretation to assist target generation. Preferred contractors have already been identified and scheduled works are anticipated to commence in the Second Quarter 2026. Field-based geological activities will include validation of historical geochemical results, confirmation of historic workings and drill locations, and detailed mapping to better understand controls on mineralisation. Supporting logistical work, including access preparation and heritage surveys, will also be undertaken to facilitate forward geochemical and drilling programmes. These activities are anticipated to commence in the Second Quarter 2026. Given the presence of only shallow cover across parts of the project, an auger geochemical soil survey is proposed across the known mineralised trend of approximately 5km strike. This programme is anticipated to commence in the Third Quarter 2026 and is designed to define and prioritise targets for follow-up drilling, with flexibility to expand based on incoming results and ongoing interpretation. Maiden drilling programme consisting of Reverse Circulation (RC) and/or Air Core (AC) drill holes to test beneath known areas of surface gold mineralisation occurrences in addition to targets generated from proposed geochemical and geophysical surveys. Drilling activities will commence after the completion of heritage and government permitting. The Gorge Project (Exploration Licence E08/3737), located approximately 110km west of Paraburdoo in Western Australia, covers an area of 81 square kilometres within the Proterozoic aged Capricorn Orogen. GEO recently acquired the licence, through its 100% owned subsidiary Gorge Gold Pty Ltd. The Gorge project is considered highly prospective for large scale gold systems of Orogenic-type or Carlin-type. Limited historical exploration at Gorge has identified widespread gold mineralisation across the licence area. Gold occurrences have been recorded over approximately 5km of strike, supported by drainage, soil and rock chip sampling, historic workings, and alluvial and eluvial gold mining. Historical results include: Rock chip samples returning gold values up to 134g/t Au, Soil samples returning gold values up to 233g/t Au, Drainage sampling returning elevated gold values, Recovery of multiple gold nuggets from near surface, ranging from <2g to in excess of 100g. These results along with the proximity of the nugget recoveries suggests the potential presence of a primary bedrock gold source within the licence area. The Company believes exploration is a systematic, multi-programme learning process and further drilling is warranted to test for the presence of higher grade mineralisation within the large multi kilometre scale of the Juno geophysical target. The Company aims to develop a 3D geological model using recent drilling information to further refine targets for testing. Further geochemical studies using the collected multi-element assay and continuous XRF analysis data will be completed to determine if alteration zonation and pathfinder elemental signatures are evident that can be used to vector towards higher grade mineralisation. At present, the phase two drilling campaign at Juno will consist of one diamond drill hole to test additional targets generated from geophysical surveys previously completed by GEO. The diamond hole aims to test a high priority gravity anomaly, with an offset induced polarisation chargeability response positioned at an interpreted geological contact in the basement, located approximately 5km south of JUD001. All government and heritage permitting requirements are already in place enabling efficient mobilisation and providing flexibility to expand the programme as required. The Company is progressing towards a targeted drilling commencement in the Third Quarter 2026. The Juno Project comprises four contiguous licences, located approximately 100km south of Paraburdoo in Western Australia and covers an area of 644 square kilometres within the Proterozoic aged, Capricorn Orogen. The Company carried out its maiden drilling programme at the Juno Project during September and October 2025. Two diamond drill holes were successfully completed for c.1600m of drilling aimed to test for an Havieron style Proterozoic aged IRGS style deposit associated with the Juno geophysical anomaly. Gold and copper sulphide mineralisation, together with silver and zinc, was intersected in both drillholes. Mineralisation intersected in JUD001 and JUD002 may represent a peripheral position within a larger mineral system. The licences contain several geophysical targets with similar features to other known IRGS style deposits elsewhere in Western Australia. In addition, evaluation of these recent and historic drilling results indicates the potential for Abra style sedimentary hosted lead-silver-copper-gold deposits at the Juno project.

Announcement • Mar 13

Caspian Sunrise plc Provides Update on Oilfield Operations and Drilling Results

Caspian Sunrise plc provided the following update on operations and corporate transactions. The Group's focus is to maximise short term production from the wells already drilled while developing the longer term potential at each of its three oilfields, with the pace of work increasing as we come to the end of the exceptionally cold winter. At the BNG Contract Area the Group holds appraisal licences for the Airshagyl and Yelemes Deep structures. At Deep Well A6, which has been drilled to a depth of 4,528 meters, the plan is to drill a 600 meter side track from a depth of 3,800 meters targeting Permian fractured dolomite and anhydrite, subject to rig availability. Deep Well 803, which had an original planned total depth of 4,500 meters with a primary target at a depth of 3,950 meters and a secondary target at a depth of 4,200 meters, was drilled to a depth of 3,420 meters before work paused towards the end of 2024 for the renewal of the licence. At that time the well had produced for a short period of time at rates of up to 500 bopd from a 10 meter perforated interval within a wider 60 meter interval showing indications of oil between depths of 3,360 and 3,420 meters. Work is underway to install a pump to resume production from this interval. The Group also plans to drill a new deep well near the site of Deep Well 801, which was drilled to a depth of 5,050 meters but later abandoned. A G70 rig will be used to drill the well, which will have a planned total depth of 5,000 meters targeting Permian dolomite/anhydrite, and carboniferous limestone. The well is expected to be spudded in the Second Quarter 2026 and reach its planned total depth by the end of the Third Quarter 2026. At the Block 8 Contract Area the Group holds the licence for the Sholkara structure and continues to work with the Kazakh authorities to renew the licence for the Akkaduk structure. At the Sholkara structure testing work continues to perforate a new 6 meter interval at Deep Well P1 at a depth of 3,467 meters. Once completed the rig will then move to Deep Well P2 to drill a 400 meter side track from a depth of 3,100 meters targeting oil in the Permian dolomite. At the West Shalva Contract Area the intention is to continue to produce from the interval identified at a depth of 2,250 meters, where weatherproofing work continues to maximise oil flows, while a new well on the Contract Area is drilled. The new well will have a planned total depth of 2,400 meters targeting oil in the Jurassic at a similar depth to the oil discovered at the existing well. The new well is expected to be spudded in April 2026 and reach its planned total depth by the end of June 2026. Provided the new well produces as expected the existing well will then be deepened targeting oil in the Triassic limestone at a depth of approximately 3,000 meters.

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

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Latest News

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Geo Exploration Limited Provides Update on Western Australia Gold Projects Work Programme

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Less than half of directors are independent

Caspian Sunrise plc Provides Update on Oilfield Operations and Drilling Results