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

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies52
  • 7D-2.4%
  • 3M-11.6%
  • 1Y-5.4%
  • YTDn/a

The Oil and Gas Exploration and Production is pretty flat in the last 7 days, but Savannah Energy has stood out, gaining 25%. As for the longer term, the industry has declined 4.5% in the last year. Looking forward, earnings are forecast to grow by 26% 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
Thu, 08 Jan 2026UK£12.5bUK£14.6b-UK£195,571,501.497.4x-64x0.9x
Sat, 06 Dec 2025UK£13.1bUK£14.8b-UK£203,304,792.188.6x-64.7x0.9x
Mon, 03 Nov 2025UK£15.6bUK£15.6b-UK£376,628,037.037.4x-41.5x1x
Wed, 01 Oct 2025UK£14.6bUK£14.6b-UK£485,612,124.8311x-30x1x
Fri, 29 Aug 2025UK£15.5bUK£14.7b-UK£456,713,196.656x-34x1.1x
Sun, 27 Jul 2025UK£13.6bUK£11.6b-UK£102,220,153.999.7x-133.2x1.2x
Tue, 24 Jun 2025UK£13.9bUK£11.5b-UK£107,342,899.697.7x-129.4x1.2x
Thu, 22 May 2025UK£11.8bUK£11.4bUK£37.7m8.7x312.1x1x
Sat, 19 Apr 2025UK£11.5bUK£11.0bUK£8.9m7.6x1296.5x1x
Mon, 17 Mar 2025UK£12.4bUK£11.5bUK£165.9m8.5x74.6x1.1x
Wed, 12 Feb 2025UK£13.4bUK£9.6bUK£323.4m8.4x41.6x1.4x
Fri, 10 Jan 2025UK£13.3bUK£9.9bUK£298.5m8.4x44.5x1.3x
Sun, 08 Dec 2024UK£11.8bUK£9.6bUK£283.5m8.7x41.7x1.2x
Tue, 05 Nov 2024UK£12.3bUK£9.7bUK£276.3m8.4x44.4x1.3x
Thu, 03 Oct 2024UK£10.9bUK£9.4bUK£323.9m8.5x33.7x1.2x
Sat, 31 Aug 2024UK£10.0bUK£9.6bUK£214.0m11x46.8x1x
Mon, 29 Jul 2024UK£10.5bUK£10.1bUK£553.4m13.2x18.9x1x
Wed, 26 Jun 2024UK£10.8bUK£10.5bUK£595.5m5.8x18.2x1x
Fri, 24 May 2024UK£11.1bUK£10.6bUK£701.7m8.4x15.9x1x
Sun, 21 Apr 2024UK£10.5bUK£11.4bUK£933.1m6.9x11.3x0.9x
Tue, 19 Mar 2024UK£10.3bUK£11.8bUK£324.8m5.8x31.7x0.9x
Thu, 15 Feb 2024UK£9.9bUK£12.8b-UK£526,834,420.434.4x-18.7x0.8x
Sat, 13 Jan 2024UK£11.0bUK£12.9b-UK£419,970,014.004x-26.3x0.9x
Mon, 11 Dec 2023UK£10.7bUK£13.2b-UK£427,187,665.004.1x-25.1x0.8x
Wed, 08 Nov 2023UK£10.8bUK£13.5b-UK£611,577,205.004.1x-17.6x0.8x
Fri, 06 Oct 2023UK£11.2bUK£13.6b-UK£605,897,395.004.2x-18.5x0.8x
Sun, 03 Sep 2023UK£11.8bUK£13.2b-UK£181,634,661.004.3x-65.1x0.9x
Tue, 01 Aug 2023UK£11.5bUK£12.7bUK£766.0m5.1x15x0.9x
Thu, 29 Jun 2023UK£10.5bUK£12.9bUK£826.0m5.1x12.7x0.8x
Sat, 27 May 2023UK£9.3bUK£12.3bUK£1.3b5.3x7.3x0.8x
Mon, 24 Apr 2023UK£12.4bUK£12.8bUK£2.1b4.9x5.8x1x
Wed, 22 Mar 2023UK£11.8bUK£12.5bUK£3.2b4.5x3.7x0.9x
Fri, 17 Feb 2023UK£11.4bUK£8.2bUK£3.3b4.8x3.5x1.4x
Sun, 15 Jan 2023UK£11.4bUK£8.0bUK£3.2b4.7x3.5x1.4x
Price to Earnings Ratio

3.5x


Total Market Cap: UK£11.4bTotal Earnings: UK£3.2bTotal Revenue: UK£8.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 34.3x202420252026
Current Industry PE
  • Investors are pessimistic on the British Oil and Gas Exploration and Production industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.87x.
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 22% 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 Market1.39%
Energy-2.50%
Oil and Gas-2.52%
Oil and Gas Exploration and Production-2.38%
Coal and Fuels9.45%
Oil and Gas Storage and Transportation-0.38%
Integrated Oil and Gas-3.17%
Oil and Gas Refining and Marketing-4.17%
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
SAVE Savannah EnergyUK£0.08824.8%
+UK£35.9m		n/aPE2.1x
CNE Capricorn EnergyUK£2.2414.8%
+UK£19.8m		-29.7%PS1.6x
SQZ Serica EnergyUK£1.792.4%
+UK£16.5m		17.8%PS1.7x
SEPL Seplat EnergyUK£2.860.5%
+UK£9.0m		42.8%PE11.2x
ENOG EnergeanUK£8.900.4%
+UK£6.4m		-13.5%PE16x

Latest News

KIST
UK£1.73
Kistos Holdings
7D
-3.9%
1Y
53.8%
CNE
UK£2.24
Capricorn Energy
7D
14.8%
1Y
-29.7%

Capricorn Energy PLC's (LON:CNE) Share Price Not Quite Adding Up

Jan 07
Capricorn Energy PLC's (LON:CNE) Share Price Not Quite Adding Up
GEO
UK£0.0012
Geo Exploration
7D
-35.7%
1Y
-41.5%
HBR
UK£1.86
Harbour Energy
7D
-5.4%
1Y
-29.6%

HBR: Revised Expectations Will Shape Future Returns As Production Guidance Narrows

Analysts have trimmed their price target on Harbour Energy to £2.72 from £2.98, reflecting revised assumptions on long term revenue trends, margins and price-to-earnings (P/E) expectations. Analyst Commentary The latest price target move to £2.72 from £2.98 signals a more cautious stance on Harbour Energy, even as JPMorgan maintains an Overweight rating.
GENL
UK£0.58
Genel Energy
7D
-2.5%
1Y
-8.8%
PANR
UK£0.082
Pantheon Resources
7D
-4.1%
1Y
-75.6%
SEPL
UK£2.86
Seplat Energy
7D
0.5%
1Y
42.8%
TLW
UK£0.064
Tullow Oil
7D
6.4%
1Y
-72.1%

TLW: Future Cash Flows Will Be Supported By Higher Profit Margins

Narrative Update on Tullow Oil Analysts have trimmed their average price target on Tullow Oil from approximately $0.49 to $0.39 per share, reflecting slightly higher perceived risk and softer revenue expectations, partly offset by improved margin and valuation assumptions. What's in the News Tullow Oil reaffirmed its 2025 Group production guidance, now expecting output at the lower end of the previously indicated 40 to 45 kboepd range, signaling a more cautious outlook for next year (company guidance).
ENQ
UK£0.10
EnQuest
7D
-3.8%
1Y
-25.5%

ENQ: Future Profit Margin Compression Will Likely Undermine Risk Reward Profile

Analysts have trimmed their price target on EnQuest from approximately £0.12 to £0.08 per share, citing slightly weaker long term revenue growth assumptions, a lower projected profit margin, and a modestly higher forward P/E multiple that together temper the stock’s risk reward profile. What's in the News Reaffirmed full year 2025 production guidance at 40,000 to 45,000 boed, supported by strong underlying asset performance and optimised output at Magnus (company guidance).
SQZ
UK£1.79
Serica Energy
7D
2.4%
1Y
17.8%

SQZ: Future Returns Will Be Driven By Expanded North Sea Resource Base

Analysts have raised their price target for Serica Energy from 2.70 to 3.07 per share, citing stronger expected revenue growth, improved profit margins, a modestly lower discount rate and a more attractive future price to earnings multiple. What's in the News Third quarter 2025 production averaged 27,500 boe per day, with year to date average net production of 25,700 boe per day, underscoring stable operational performance (company announcement of operating results).
ITH
UK£1.55
Ithaca Energy
7D
-6.8%
1Y
21.9%

ITH: Cygnus Acquisition Will Support Cash Generation Despite Tough Tax Backdrop

Analysts have trimmed their price target on Ithaca Energy to 180 GBp from 200 GBp, citing the shares trading at a premium despite the U.K. tax regime, moderating cash returns relative to peers, and concerns about limited gas hedging beyond 2026. Analyst Commentary Bullish analysts acknowledge that Ithaca Energy faces structural challenges in the U.K. tax environment and a less favorable hedging profile beyond 2026, yet they still see selective reasons for optimism around execution and cash generation.
CASP
UK£0.026
Caspian Sunrise
7D
-17.5%
1Y
-11.9%

Caspian Sunrise (LON:CASP) Takes On Some Risk With Its Use Of Debt

Dec 05
Caspian Sunrise (LON:CASP) Takes On Some Risk With Its Use Of Debt
ENOG
UK£8.90
Energean
7D
0.4%
1Y
-13.5%

ENOG: Output Recovery And Margin Improvement Will Offset Production Disruptions

Analysts have slightly reduced their price target for Energean from $9.85 to $9.81. This adjustment reflects expectations for higher revenue growth and improved profit margins, partially offset by a modestly higher discount rate and lower future price-to-earnings estimates.
RKH
UK£0.71
Rockhopper Exploration
7D
1.1%
1Y
133.6%
PRD
UK£0.04
Predator Oil & Gas Holdings
7D
19.4%
1Y
-40.7%
SAVE
UK£0.088
Savannah Energy
7D
24.8%
1Y
n/a