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

UpdatedJul 27, 2026
DataAggregated Company Financials
Companies61
  • 7D3.1%
  • 3M-1.7%
  • 1Y29.5%
  • YTD22.4%

Over the last 7 days, the Oil and Gas industry has risen 3.1%, driven by gains from BP of 6.1%. This means that the industry has gained 30% over the past year. Looking forward, earnings are forecast to grow by 6.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Jul 2026UK£292.5bUK£376.5bUK£17.1b15.5x17.1x0.8x
Wed, 24 Jun 2026UK£266.7bUK£379.6bUK£16.9b16.3x15.8x0.7x
Fri, 22 May 2026UK£294.3bUK£373.0bUK£16.5b16.5x17.9x0.8x
Sun, 19 Apr 2026UK£285.2bUK£368.8bUK£13.2b12.9x21.5x0.8x
Tue, 17 Mar 2026UK£296.7bUK£377.5bUK£13.5b11.5x22x0.8x
Thu, 12 Feb 2026UK£253.6bUK£353.3bUK£12.9b8.8x19.7x0.7x
Sat, 10 Jan 2026UK£230.2bUK£354.9bUK£11.8b9.3x19.4x0.6x
Mon, 08 Dec 2025UK£242.5bUK£357.0bUK£11.9b9.7x20.4x0.7x
Wed, 05 Nov 2025UK£249.8bUK£364.9bUK£11.3b11.9x22.1x0.7x
Fri, 03 Oct 2025UK£235.5bUK£355.9bUK£10.1b13.2x23.4x0.7x
Sun, 31 Aug 2025UK£242.2bUK£357.2bUK£11.1b11.5x21.7x0.7x
Tue, 29 Jul 2025UK£235.2bUK£362.1bUK£9.1b10.5x25.7x0.6x
Thu, 26 Jun 2025UK£223.2bUK£354.1bUK£9.1b9.6x24.6x0.6x
Sat, 24 May 2025UK£213.1bUK£357.5bUK£9.1b9.3x23.5x0.6x
Mon, 21 Apr 2025UK£217.0bUK£367.3bUK£12.6b9.5x17.3x0.6x
Wed, 19 Mar 2025UK£248.3bUK£375.5bUK£12.8b9.6x19.4x0.7x
Fri, 14 Feb 2025UK£249.5bUK£389.1bUK£13.7b10.5x18.2x0.6x
Sun, 12 Jan 2025UK£244.7bUK£413.3bUK£15.5b8.3x15.8x0.6x
Tue, 10 Dec 2024UK£232.9bUK£395.3bUK£15.2b9x15.3x0.6x
Thu, 07 Nov 2024UK£235.7bUK£392.2bUK£15.1b8.4x15.6x0.6x
Sat, 05 Oct 2024UK£242.2bUK£393.5bUK£20.5b9.2x11.8x0.6x
Mon, 02 Sep 2024UK£249.8bUK£393.5bUK£20.4b11x12.2x0.6x
Wed, 31 Jul 2024UK£259.2bUK£403.6bUK£21.8b12.6x11.9x0.6x
Fri, 28 Jun 2024UK£267.4bUK£409.9bUK£22.2b10.5x12x0.7x
Sun, 26 May 2024UK£267.6bUK£406.8bUK£22.1b10.8x12.1x0.7x
Tue, 23 Apr 2024UK£278.4bUK£437.0bUK£28.9b7.3x9.6x0.6x
Thu, 21 Mar 2024UK£259.3bUK£423.2bUK£27.3b6.9x9.5x0.6x
Sat, 17 Feb 2024UK£251.3bUK£430.6bUK£26.9b5.8x9.3x0.6x
Mon, 15 Jan 2024UK£269.4bUK£613.2bUK£62.9b3.8x4.3x0.4x
Wed, 13 Dec 2023UK£272.8bUK£620.4bUK£63.6b4x4.3x0.4x
Fri, 10 Nov 2023UK£284.7bUK£630.7bUK£64.3b4x4.4x0.5x
Sun, 08 Oct 2023UK£290.3bUK£649.0bUK£58.5b4.6x5x0.4x
Tue, 05 Sep 2023UK£281.9bUK£634.1bUK£57.7b4.4x4.9x0.4x
Thu, 03 Aug 2023UK£279.9bUK£630.8bUK£58.5b4.7x4.8x0.4x
Price to Earnings Ratio

4.8x


Total Market Cap: UK£279.9bTotal Earnings: UK£58.5bTotal Revenue: UK£630.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Oil and Gas Industry Price to Earnings3Y Average 16.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the British Oil and Gas industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 16.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 34% per year over the last three years,
  • Revenues have also declined 16% 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 Market1.20%
Energy3.14%
Oil and Gas3.14%
Oil and Gas Exploration and Production6.36%
Integrated Oil and Gas3.35%
Oil and Gas Storage and Transportation0.71%
Oil and Gas Refining and Marketing-0.024%
Coal and Fuels-2.68%
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 22.0%, which is lower than the prior year's growth of 111.4% 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 22% over the next 5 years.
  • However this is lower than its past earnings growth rate of 111% per year.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings grow by 5.7% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
SHEL ShellUK£33.062.7%
+UK£4.8b		23.0%PE13.1x
BP. BPUK£5.485.1%
+UK£4.1b		34.9%PE35.2x
HBR Harbour EnergyUK£2.568.8%
+UK£378.6m		26.5%PS0.6x
ITH Ithaca EnergyUK£2.586.5%
+UK£260.8m		48.9%PE23.4x
ENOG EnergeanUK£8.289.2%
+UK£129.3m		-10.2%PS1.2x

Latest News

PHAR
UK£0.25
Pharos Energy
7D
-2.4%
1Y
13.8%
SQZ
UK£2.57
Serica Energy
7D
7.0%
1Y
52.0%
BP.
UK£5.48
BP
7D
5.1%
1Y
34.9%
ENOG
UK£8.28
Energean
7D
9.2%
1Y
-10.2%
SHEL
UK£33.06
Shell
7D
2.7%
1Y
23.0%
GKP
UK£1.77
Gulf Keystone Petroleum
7D
8.6%
1Y
6.3%
HBR
UK£2.56
Harbour Energy
7D
8.8%
1Y
26.5%
Narrative Update • Jul 15

HBR: Higher Production Delivery Will Support Reappraisal Of Cash Generation Prospects

Analysts have trimmed their fair value estimate for Harbour Energy from £4.53 to £4.23. Recent price target changes, now ranging from about £2.90 to £3.20, reflect questions about the company’s growth pipeline and a more cautious stance on its valuation multiples.
AEX
UK£0.013
Aminex
7D
-3.8%
1Y
-21.9%
KAP
US$64.60
National Atomic Company Kazatomprom JSC
7D
-3.0%
1Y
47.0%
Narrative Update • Jul 14

KAP: Uranium Upside And Dividend Payout Will Shape A Mixed Outlook

Analysts have trimmed their fair value estimate for Kazatomprom to about $68.84 from $72.03, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E after recent research framed the stock as both a direct play on the uranium cycle and a company facing mixed views on its valuation and rating trajectory. Analyst Commentary on National Atomic Company Kazatomprom JSC Recent research on National Atomic Company Kazatomprom JSC highlights a split view, with some firms emphasizing the stock as a direct way to gain exposure to the uranium cycle, while others are more reserved about valuation and the path of future ratings.
HE1
UK£0.0041
Helium One Global
7D
-3.3%
1Y
-47.6%
QED
UK£0.01
Quadrise
7D
-6.7%
1Y
-73.5%
CHAR
UK£0.016
Chariot
7D
-1.9%
1Y
9.0%
SEPL
UK£5.73
Seplat Energy
7D
2.3%
1Y
138.8%
Narrative Update • Jul 09

SEPL: Revised Fair Value And Higher Future P/E Will Support Returns

Seplat Energy's analyst price target has edged up to £6.65 from £6.55, with analysts pointing to updated fair value estimates, a modest adjustment in discount rate assumptions, slightly different revenue growth and profit margin expectations, and a higher future P/E outlook as key drivers of the change. Analyst Commentary Recent Street research on Seplat Energy highlights a small uplift in the price target to £6.65, which signals that some bullish analysts see incremental upside based on their refreshed assumptions on valuation and execution.
ITH
UK£2.58
Ithaca Energy
7D
6.5%
1Y
48.9%
Narrative Update • Jul 09

ITH: Future Returns Will Depend On North Sea Acquisition Execution

Analysts have raised their price target on Ithaca Energy to £2.72 from £2.24, citing updated assumptions for revenue trends, profit margins and a lower projected future P/E multiple. Together, these factors are seen as providing more support for the stock at higher levels.
EOG
UK£0.017
Europa Oil & Gas (Holdings)
7D
-5.6%
1Y
223.8%
KIST
UK£2.68
Kistos Holdings
7D
-3.2%
1Y
54.5%