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

UpdatedAug 06, 2026
DataAggregated Company Financials
Companies61
  • 7D-1.9%
  • 3M0.5%
  • 1Y22.1%
  • YTD19.7%

Over the last 7 days, the Oil and Gas industry has dropped 1.9%, driven by BP declining 5.3%. On the other hand National Atomic Company Kazatomprom JSC is actually up 11%. Over the past 12 months, the industry was up 22%. Looking forward, earnings are forecast to grow by 1.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Aug 2026UK£284.7bUK£411.5bUK£24.0b15.8x11.8x0.7x
Sat, 04 Jul 2026UK£258.6bUK£375.4bUK£16.8b17.8x15.4x0.7x
Mon, 01 Jun 2026UK£277.7bUK£372.3bUK£16.7b16.7x16.6x0.7x
Wed, 29 Apr 2026UK£297.6bUK£372.9bUK£15.6b12.9x19.1x0.8x
Fri, 27 Mar 2026UK£308.2bUK£374.2bUK£13.4b12.4x22.9x0.8x
Sun, 22 Feb 2026UK£256.4bUK£352.4bUK£13.1b9.2x19.6x0.7x
Tue, 20 Jan 2026UK£238.7bUK£354.4bUK£11.8b10.1x20.2x0.7x
Thu, 18 Dec 2025UK£231.7bUK£355.5bUK£11.8b10x19.6x0.7x
Sat, 15 Nov 2025UK£251.8bUK£362.7bUK£11.9b11.4x21.1x0.7x
Mon, 13 Oct 2025UK£236.1bUK£358.4bUK£10.1b13.5x23.3x0.7x
Wed, 10 Sep 2025UK£7.0tUK£357.1bUK£11.1b11.5x626.3x19.5x
Fri, 08 Aug 2025UK£236.3bUK£356.0bUK£11.4b11.3x20.8x0.7x
Sun, 06 Jul 2025UK£228.9bUK£354.5bUK£9.1b10.3x25.3x0.6x
Tue, 03 Jun 2025UK£217.4bUK£357.2bUK£9.1b9.5x23.9x0.6x
Thu, 01 May 2025UK£214.6bUK£365.2bUK£11.3b9x18.9x0.6x
Sat, 29 Mar 2025UK£252.6bUK£377.1bUK£12.9b9x19.6x0.7x
Mon, 24 Feb 2025UK£246.0bUK£384.3bUK£13.5b10.8x18.2x0.6x
Wed, 22 Jan 2025UK£249.8bUK£409.2bUK£15.3b8.6x16.3x0.6x
Fri, 20 Dec 2024UK£222.0bUK£402.8bUK£15.1b9.2x14.7x0.6x
Sun, 17 Nov 2024UK£232.9bUK£400.9bUK£15.5b8.4x15.1x0.6x
Tue, 15 Oct 2024UK£235.0bUK£395.4bUK£20.6b9.6x11.4x0.6x
Thu, 12 Sep 2024UK£234.6bUK£396.0bUK£20.6b10.3x11.4x0.6x
Sat, 10 Aug 2024UK£256.7bUK£405.2bUK£21.4b11.7x12x0.6x
Mon, 08 Jul 2024UK£270.9bUK£404.1bUK£21.9b10.8x12.4x0.7x
Wed, 05 Jun 2024UK£260.9bUK£405.7bUK£22.0b12.3x11.9x0.6x
Fri, 03 May 2024UK£279.9bUK£419.5bUK£27.3b9x10.3x0.7x
Sun, 31 Mar 2024UK£261.9bUK£428.5bUK£28.3b7.5x9.2x0.6x
Tue, 27 Feb 2024UK£248.0bUK£427.8bUK£26.8b5.7x9.3x0.6x
Thu, 25 Jan 2024UK£263.3bUK£614.2bUK£63.0b3.8x4.2x0.4x
Sat, 23 Dec 2023UK£279.6bUK£613.6bUK£63.0b3.9x4.4x0.5x
Mon, 20 Nov 2023UK£284.3bUK£623.7bUK£63.7b4x4.5x0.5x
Wed, 18 Oct 2023UK£308.4bUK£650.9bUK£58.6b4.5x5.3x0.5x
Fri, 15 Sep 2023UK£294.9bUK£642.7bUK£58.1b4.1x5.1x0.5x
Sun, 13 Aug 2023UK£277.7bUK£631.1bUK£58.4b4.9x4.8x0.4x
Price to Earnings Ratio

4.8x


Total Market Cap: UK£277.7bTotal Earnings: UK£58.4bTotal Revenue: UK£631.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Oil and Gas Industry Price to Earnings3Y Average 16.8x202420252026
Current Industry PE
  • Investors are pessimistic on the British Oil and Gas 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 11.8x which is lower than its 3-year average PE of 16.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 26% per year over the last three years,
  • Revenues have also declined 13% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.K. Energy industry?

GB Market0.33%
Energy-1.84%
Oil and Gas-1.85%
Coal and Fuels9.84%
Oil and Gas Storage and Transportation4.73%
Oil and Gas Refining and Marketing0.54%
Oil and Gas Exploration and Production-1.12%
Integrated Oil and Gas-2.53%
Industry PE
  • Investors are most optimistic about the Oil and Gas Exploration and Production industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 18.7%, which is lower than the prior year's growth of 124.5% per year.
  • Investors are most pessimistic about the Coal and Fuels industry, which is trading below its 3-year average of 7.5x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Exploration and Production industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 124% per year.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
KAP National Atomic Company Kazatomprom JSCUS$69.508.4%
+US$1.4b		56.7%PE15.8x
SEPL Seplat EnergyUK£5.878.1%
+UK£264.0m		129.7%PE16x
HBR Harbour EnergyUK£2.443.4%
+UK£145.6m		9.5%PS0.6x
DCC DCC EnergyUK£63.750.7%
+UK£38.4m		35.4%PE20x
YCA Yellow CakeUK£5.571.3%
+UK£17.7m		10.3%PE4.5x

Latest News

BP.
UK£5.20
BP
7D
-4.3%
1Y
22.1%
ITH
UK£2.32
Ithaca Energy
7D
-3.2%
1Y
36.5%
TLW
UK£0.14
Tullow Oil
7D
-6.4%
1Y
25.2%
YCA
UK£5.57
Yellow Cake
7D
1.3%
1Y
10.3%
Analysis Article • Aug 04

Weak Statutory Earnings May Not Tell The Whole Story For Yellow Cake (LON:YCA)

Yellow Cake plc's ( LON:YCA ) recent weak earnings report didn't cause a big stock movement. We think that investors...
NWF
UK£1.52
NWF Group
7D
10.9%
1Y
-9.8%
Analysis Article • Aug 04

Solid Earnings Reflect NWF Group's (LON:NWF) Strength As A Business

Even though NWF Group plc's ( LON:NWF ) recent earnings release was robust, the market didn't seem to notice. We think...
SEPL
UK£5.87
Seplat Energy
7D
8.1%
1Y
129.7%
KAP
US$69.50
National Atomic Company Kazatomprom JSC
7D
8.4%
1Y
56.7%
SHEL
UK£33.15
Shell
7D
-0.1%
1Y
25.0%
Narrative Update • Aug 03

SHEL: Qatari Disruption And Reserve Concerns Will Challenge Current Share Price

Shell's analyst fair value estimate has been revised higher to £30.41 from £27.53, as analysts weigh a mix of trimmed Street price targets near £30 to £36 per share, balanced valuations around 4x 2027 EBITDA, and updated views on integrated gas earnings, reserve life, refining and chemicals margins, and legal risk. Analyst Commentary Recent Street research on Shell reflects a mix of support and caution, with several bearish analysts trimming price targets and highlighting risks that investors may want to weigh alongside the revised fair value estimate.
JSE
UK£0.29
Jadestone Energy
7D
-5.0%
1Y
38.6%
HBR
UK£2.44
Harbour Energy
7D
3.4%
1Y
9.5%
Narrative Update • Jul 29

HBR: Fading Acquisition Pipeline Will Constrain Future Share Return Potential

Analysts have adjusted their view on Harbour Energy with recent price targets ranging from £2.90 to £3.20. This reflects a mixed reassessment of the stock as growth acquisitions appear to have slowed and organic growth prospects are seen as less clear relative to peers.
SQZ
UK£2.32
Serica Energy
7D
-2.2%
1Y
40.8%
ENQ
UK£0.23
EnQuest
7D
-4.6%
1Y
73.8%
Narrative Update • Jul 27

ENQ: Commodity Support And Portfolio Management Will Drive Medium Term Upside

Analysts have raised EnQuest's implied fair value to £0.39 per share from £0.35, reflecting higher Street price targets up to £0.35 and updated views on revenue growth, discount rate and future P/E assumptions. Analyst Commentary Recent Street research on EnQuest points to a cluster of higher price targets, which gives you a window into how major firms are currently thinking about valuation, execution and risk.
ENOG
UK£7.25
Energean
7D
-2.3%
1Y
-22.4%
DCC
UK£63.75
DCC Energy
7D
0.7%
1Y
35.4%
AEX
UK£0.014
Aminex
7D
12.7%
1Y
-23.3%
RKH
UK£0.75
Rockhopper Exploration
7D
1.9%
1Y
-3.2%