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

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies49
  • 7D-4.2%
  • 3M29.9%
  • 1Y68.0%
  • YTDn/a

Over the last 7 days, the Oil and Gas Exploration and Production industry has dropped 3.9%, driven by Reabold Resources declining 12%. On the other hand Pantheon Resources is actually up 7.6%. Over the past 12 months, the industry was up 78%. As for the next few years, earnings are expected to grow by 21% per annum.

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
Sat, 09 May 2026UK£17.4bUK£14.2b-UK£94,564,591.218.5x-184.5x1.2x
Mon, 06 Apr 2026UK£17.2bUK£14.6b-UK£120,086,530.887.6x-143.2x1.2x
Wed, 04 Mar 2026UK£17.9bUK£14.9b-UK£232,320,244.506.9x-76.9x1.2x
Fri, 30 Jan 2026UK£14.5bUK£14.3b-UK£191,950,071.607.7x-75.5x1x
Sun, 28 Dec 2025UK£12.6bUK£14.6b-UK£200,254,361.207.3x-62.7x0.9x
Tue, 25 Nov 2025UK£13.8bUK£15.0b-UK£216,108,200.397.5x-63.9x0.9x
Thu, 23 Oct 2025UK£14.4bUK£15.0b-UK£491,837,458.517.7x-29.3x1x
Sat, 20 Sep 2025UK£14.2bUK£14.6b-UK£327,712,070.648.5x-43.3x1x
Mon, 18 Aug 2025UK£14.5bUK£14.3b-UK£434,138,690.318.8x-33.3x1x
Wed, 16 Jul 2025UK£13.4bUK£11.6b-UK£117,543,427.117.4x-114.4x1.2x
Fri, 13 Jun 2025UK£13.0bUK£11.4b-UK£117,180,382.187.1x-110.6x1.1x
Sun, 11 May 2025UK£12.1bUK£11.5bUK£33.0m8.4x366.8x1.1x
Tue, 08 Apr 2025UK£11.4bUK£11.5bUK£16.7m7.3x686.7x1x
Thu, 06 Mar 2025UK£12.7bUK£9.6bUK£338.6m9.1x37.6x1.3x
Sat, 01 Feb 2025UK£12.3bUK£9.6bUK£310.7m8.4x39.6x1.3x
Mon, 30 Dec 2024UK£12.2bUK£9.7bUK£287.2m8.6x42.4x1.3x
Wed, 27 Nov 2024UK£12.5bUK£9.9bUK£298.1m9.1x42x1.3x
Fri, 25 Oct 2024UK£11.9bUK£9.6bUK£309.2m9.1x38.4x1.2x
Sun, 22 Sep 2024UK£10.6bUK£9.4bUK£459.2m8.2x23.1x1.1x
Tue, 20 Aug 2024UK£9.9bUK£9.9bUK£166.0m10.6x59.8x1x
Thu, 18 Jul 2024UK£10.5bUK£10.0bUK£547.4m9x19.2x1x
Sat, 15 Jun 2024UK£10.7bUK£10.5bUK£606.7m5.6x17.6x1x
Mon, 13 May 2024UK£11.1bUK£10.9bUK£767.6m8.7x14.4x1x
Wed, 10 Apr 2024UK£10.7bUK£11.1bUK£909.4m7.1x11.8x1x
Fri, 08 Mar 2024UK£10.3bUK£11.7bUK£323.0m3.5x31.9x0.9x
Sun, 04 Feb 2024UK£10.4bUK£13.0b-UK£425,507,785.004x-24.5x0.8x
Tue, 02 Jan 2024UK£11.4bUK£12.9b-UK£419,144,525.004x-27.1x0.9x
Thu, 30 Nov 2023UK£10.9bUK£13.1b-UK£418,893,632.004.1x-26x0.8x
Sat, 28 Oct 2023UK£11.0bUK£13.5b-UK£610,939,068.004.1x-18.1x0.8x
Mon, 25 Sep 2023UK£12.0bUK£13.5b-UK£511,385,607.004x-23.5x0.9x
Wed, 23 Aug 2023UK£10.9bUK£12.6bUK£637.6m4.6x17.1x0.9x
Fri, 21 Jul 2023UK£10.9bUK£12.7bUK£820.7m4.6x13.3x0.9x
Sun, 18 Jun 2023UK£9.3bUK£12.1bUK£835.4m5.1x11.2x0.8x
Tue, 16 May 2023UK£12.0bUK£12.8bUK£1.3b5.3x9.5x0.9x
Price to Earnings Ratio

9.5x


Total Market Cap: UK£12.0bTotal Earnings: UK£1.3bTotal Revenue: UK£12.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 21.9x202420252026
Current Industry PE
  • Investors are optimistic on the British Oil and Gas Exploration and Production industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.
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 3.5% 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-0.81%
Energy-5.85%
Oil and Gas-5.86%
Oil and Gas Exploration and Production-4.16%
Oil and Gas Storage and Transportation1.19%
Oil and Gas Refining and Marketing-1.06%
Integrated Oil and Gas-5.88%
Coal and Fuels-8.39%
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
PANR Pantheon ResourcesUK£0.117.6%
+UK£11.2m		-69.1%PB0.6x
CDL Cloudbreak DiscoveryUK£0.007668.9%
+UK£6.9m		424.1%PE-7.6x
BOR Borders & Southern PetroleumUK£0.114.8%
+UK£4.4m		107.6%PB0.4x
CNE Capricorn EnergyUK£3.071.7%
+UK£3.4m		28.5%PE17.4x
PRD Predator Oil & Gas HoldingsUK£0.0398.7%
+UK£2.1m		21.3%PS28.4x

Latest News

CDL
UK£0.0076
Cloudbreak Discovery
7D
68.9%
1Y
424.1%
SEPL
UK£5.60
Seplat Energy
7D
-5.4%
1Y
181.4%
Analysis Article • May 08

We Think Seplat Energy's (LON:SEPL) Solid Earnings Are Understated

The market seemed underwhelmed by last week's earnings announcement from Seplat Energy Plc ( LON:SEPL ) despite the...
HBR
UK£2.79
Harbour Energy
7D
-4.6%
1Y
62.0%
Narrative Update • May 05

HBR: Weaker Revenue And Margin Outlook Will Pressure Future Share Returns

Harbour Energy's analyst price target has moved higher to reflect raised targets from several banks, including recent increases of £0.30 and £0.40. Analysts are balancing lower discount rate assumptions and a higher future P/E with more cautious views on revenue growth and profit margins.
ITH
UK£2.62
Ithaca Energy
7D
-1.4%
1Y
87.0%
Narrative Update • May 04

ITH: Dividend Payout Will Support Returns While Future Earnings Multiple Compresses

Analysts have adjusted their price target for Ithaca Energy to reflect updated views on revenue trends, profitability and a lower future P/E assumption. The revised target is £1.51 per share, unchanged from the previous £1.51.
ENQ
UK£0.18
EnQuest
7D
-15.1%
1Y
49.5%
Narrative Update • May 02

ENQ: Geopolitical Risk Premium Will Support Upgraded Overweight Outlook And Earnings Power

Analysts have lifted their fair value estimate for EnQuest from £0.33 to £0.41, citing revised assumptions for revenue growth, profit margins and a lower future P/E multiple following recent price target adjustments and an upgrade to Overweight. Analyst Commentary Recent Street research on EnQuest has centered on revised price targets and a ratings upgrade, with JPMorgan moving to an Overweight stance and adjusting its valuation framework around oil price risk.
TLW
UK£0.14
Tullow Oil
7D
-10.9%
1Y
6.6%
Narrative Update • May 02

TLW: Future Cash Flows Will Be Pressured By Lower Production Volumes

Analysts now set a revised price target of £0.13 for Tullow Oil, compared with the previous fair value estimate of £0.12, reflecting updated assumptions around revenue growth, margins and a higher future P/E multiple, informed by recent Street research including the new £0.35 price target from Barclays and the upgrade at Jefferies. Analyst Commentary Recent Street research gives you a mixed but clearer picture of how professionals are thinking about Tullow Oil, with one major bank trimming its formal price target while another house has moved to a more constructive stance on the shares.
SQZ
UK£2.63
Serica Energy
7D
-9.6%
1Y
89.2%
Narrative Update • May 01

SQZ: Future Returns Will Be Driven By 2026 Free Cash Flow Potential

Analysts have increased their fair value estimate for Serica Energy from about £3.14 to roughly £3.64 per share, citing updated assumptions around future revenue growth, margins, and a higher expected future P/E multiple. This change is supported by recent research that highlights potential for material free cash flow in 2026 and 2027, as well as a higher price target from £3.00 to £3.50.
ENOG
UK£8.48
Energean
7D
-3.8%
1Y
-4.5%
Narrative Update • Apr 27

ENOG: Angola Deal And FPSO Restart Will Shape A Measured 2026 Outlook

Energean's updated analyst price target has shifted slightly to reflect a recalibrated fair value and P/E outlook, with recent target cuts from £0.15 and £0.75 by Berenberg and a downgrade at Jefferies contributing to a more cautious, yet still valuation focused, narrative from analysts. Analyst Commentary Recent research updates on Energean have centred on recalibrated price targets in £0.15 and £0.75 increments and a downgrade that signals a more cautious stance on execution and valuation risk.
CNE
UK£3.07
Capricorn Energy
7D
1.7%
1Y
28.5%
Narrative Update • Apr 25

CNE: Western Desert Deal And Takeover Interest Will Drive Rerating

Analysts have adjusted their price target on Capricorn Energy to £4.02 from £4.01, citing updated assumptions for revenue growth, profit margins, and a revised estimate of the future P/E ratio. What's in the News The Egyptian House of Representatives ratified a consolidated and amended concession agreement covering eight Western Desert concessions where Capricorn holds a 50% interest with Cheiron Oil and Gas Limited.
UPL
UK£0.025
Upland Resources
7D
3.1%
1Y
173.0%
UJO
UK£0.05
Union Jack Oil
7D
28.2%
1Y
-43.9%
SEA
UK£0.90
Seascape Energy Asia
7D
2.3%
1Y
202.5%
KIST
UK£2.89
Kistos Holdings
7D
-7.7%
1Y
100.7%
BOR
UK£0.11
Borders & Southern Petroleum
7D
4.8%
1Y
107.6%
PRD
UK£0.039
Predator Oil & Gas Holdings
7D
8.7%
1Y
21.3%
PANR
UK£0.11
Pantheon Resources
7D
7.6%
1Y
-69.1%