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

UpdatedAug 27, 2026
DataAggregated Company Financials
Companies50
  • 7D-0.4%
  • 3M5.9%
  • 1Y29.3%
  • YTDn/a

The Oil and Gas Exploration and Production industry is up 3.1% in the last week, with Ithaca Energy up 3.7%. In the last 12 months, the industry was up 32%. Looking forward, earnings are forecast to grow by 15% 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, 27 Aug 2026UK£17.4bUK£15.4bUK£630.0m17.6x27.7x1.1x
Sat, 25 Jul 2026UK£17.0bUK£14.3bUK£58.8m20.9x288.5x1.2x
Mon, 22 Jun 2026UK£15.5bUK£14.4b-UK£434,564.9916.4x-35686.7x1.1x
Wed, 20 May 2026UK£18.7bUK£14.4b-UK£111,944,955.7711.8x-166.8x1.3x
Fri, 17 Apr 2026UK£17.0bUK£14.3b-UK£118,177,265.658.5x-144x1.2x
Sun, 15 Mar 2026UK£18.5bUK£15.5b-UK£151,376,813.036.9x-122.1x1.2x
Tue, 10 Feb 2026UK£14.7bUK£14.4b-UK£193,393,893.197.4x-76.1x1x
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
Price to Earnings Ratio

-65.1x


Total Market Cap: UK£11.8bTotal Earnings: -UK£181,634,661.00Total Revenue: UK£13.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Oil and Gas Exploration and Production Industry Price to Earnings3Y Average -148.9x202420252026
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 industry is trading at a PE ratio of 28.8x which is higher than its 3-year average PE of -149x.
  • 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 gone up over the last three years, and the industry is now profitable. Revenues have grown 5.3% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

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

GB Market1.37%
Energy-1.63%
Oil and Gas-1.60%
Oil and Gas Exploration and Production-0.44%
Coal and Fuels2.78%
Oil and Gas Storage and Transportation1.99%
Oil and Gas Refining and Marketing0.093%
Integrated Oil and Gas-1.95%
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
ITH Ithaca EnergyUK£2.673.7%
+UK£158.5m		18.2%PE23x
GKP Gulf Keystone PetroleumUK£1.967.7%
+UK£30.4m		8.4%PE16.5x
BOR Borders & Southern PetroleumUK£0.1216.0%
+UK£14.1m		11.5%PB0.5x
SEA Seascape Energy AsiaUK£0.9615.7%
+UK£9.1m		31.5%PS334.2x
TLW Tullow OilUK£0.192.9%
+UK£8.2m		73.8%PS0.5x

Latest News

ITH
UK£2.67
Ithaca Energy
7D
3.7%
1Y
18.2%
ZEN
UK£0.05
Zenith Energy
7D
4.2%
1Y
38.9%
TLW
UK£0.19
Tullow Oil
7D
2.9%
1Y
73.8%
Narrative Update • Aug 14

TLW: Higher Production Outlook Will Still Limit Future Share Upside

Analysts have lifted their fair value estimate for Tullow Oil from £0.05 to about £0.06, citing updated assumptions on the discount rate, revenue trajectory, profit margin and future P/E as the key drivers of the revised price target. What's in the News for Tullow Oil Tullow Oil issued new corporate guidance indicating that group working interest production in 2026 is expected to be at the high end of the previously stated range of 34 kboepd to 42 kboepd.
SEPL
UK£6.40
Seplat Energy
7D
-1.1%
1Y
156.0%
Narrative Update • Aug 13

SEPL: Higher P/E Expectations And Solid Output Will Support Future Returns

Analysts have lifted their fair value estimate for Seplat Energy to align with a higher price target of £6.65 from £6.55, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E expectations. What’s in the News for Seplat Energy Seplat Energy kept its 2026 production guidance unchanged at 135 kboepd to 155 kboepd, with management indicating that current output is tracking towards the midpoint of this range.
HBR
UK£2.50
Harbour Energy
7D
-3.0%
1Y
9.1%
Narrative Update • Aug 12

HBR: Higher Cash Returns And Production Delivery Will Support Reappraisal

Harbour Energy's analyst price target has been adjusted higher to £2.80 per share, with analysts pointing to recent upgrades to Neutral ratings, stronger first half results, a £250m buyback plan, and updated free cash flow guidance as key drivers for the change. Analyst Commentary on Harbour Energy Recent research on Harbour Energy points to a more balanced stance among major banks, with several analysts highlighting improved execution and clearer cash return plans as reasons to revisit the stock's valuation.
JSE
UK£0.32
Jadestone Energy
7D
2.2%
1Y
63.1%
Narrative Update • Aug 11

JSE: Malaysia Infill Drilling Success Will Support Future Earnings Re Rating

Analysts have revised their fair value estimate for Jadestone Energy to £0.71 from £0.88, citing updated assumptions around discount rates, revenue growth, profit margins and forward P/E expectations. What’s in the News for Jadestone Energy Jadestone Energy issued revised 2026 production guidance of 16,000 to 18,000 boepd, compared with the previous range of 18,000 to 21,000 boepd.
ENQ
UK£0.25
EnQuest
7D
-5.7%
1Y
91.0%
Narrative Update • Aug 10

ENQ: Gulf Conflict Pricing And Portfolio Actions Will Support Future Cash Generation

EnQuest's analyst price target has moved higher to £0.35 from £0.29, as analysts point to updated assumptions around revenue growth, profit margins, and a lower implied future P/E multiple following recent sector research. Analyst Commentary on EnQuest Recent research on EnQuest points to a more constructive tone from several bullish analysts, who have raised their price targets while maintaining positive ratings on the stock.
SQZ
UK£2.50
Serica Energy
7D
-1.8%
1Y
38.9%
GKP
UK£1.96
Gulf Keystone Petroleum
7D
7.7%
1Y
8.4%
Narrative Update • Jul 31

GKP: Future Returns Will Hinge On Securing Stable Export Sales

Analysts have revised their fair value estimate for Gulf Keystone Petroleum to £2.49 from £1.82, citing updated assumptions on revenue growth, profit margins and the future P/E profile that flow through to a higher price target. What’s in the News for Gulf Keystone Petroleum Gulf Keystone Petroleum temporarily shut in production operations as a safety precaution in response to the regional security situation, while stating that its assets were not impacted and that recent gross production from the Shaikan Field was above 45,000 bopd.
KIST
UK£2.78
Kistos Holdings
7D
-2.8%
1Y
67.0%
ENOG
UK£7.41
Energean
7D
-1.8%
1Y
-22.9%
AEX
UK£0.011
Aminex
7D
-11.8%
1Y
-40.8%
SEA
UK£0.96
Seascape Energy Asia
7D
15.7%
1Y
31.5%
BOR
UK£0.12
Borders & Southern Petroleum
7D
16.0%
1Y
11.5%
PANR
UK£0.12
Pantheon Resources
7D
-16.9%
1Y
-61.3%
PMG
UK£0.23
Parkmead Group
7D
7.1%
1Y
36.4%
Analysis Article • Apr 04

Parkmead Group's (LON:PMG) Earnings Might Be Weaker Than You Think

The Parkmead Group plc's ( LON:PMG ) solid earnings report last week was underwhelming to investors. Our analysis has...