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

UpdatedSep 13, 2025
DataAggregated Company Financials
Companies66
  • 7D0.7%
  • 3M3.6%
  • 1Y5.0%
  • YTD5.2%

The Oil and Gas industry has been flat over the last week, but Rockhopper Exploration has lost 13%. As for the the longer term, the industry is up 5.0% over the past 12 months. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Sep 2025UK£233.7bUK£352.6bUK£10.0b11.6x23.3x0.7x
Mon, 11 Aug 2025UK£236.0bUK£358.3bUK£11.2b11.3x21.1x0.7x
Wed, 09 Jul 2025UK£228.2bUK£356.0bUK£9.1b10.3x25.1x0.6x
Fri, 06 Jun 2025UK£217.1bUK£356.5bUK£9.1b9.2x23.9x0.6x
Sun, 04 May 2025UK£216.3bUK£364.2bUK£9.4b9.2x22.9x0.6x
Tue, 01 Apr 2025UK£254.3bUK£377.9bUK£12.9b8.9x19.6x0.7x
Thu, 27 Feb 2025UK£243.9bUK£382.4bUK£13.4b10.5x18.2x0.6x
Sat, 25 Jan 2025UK£243.0bUK£403.9bUK£15.1b8.5x16x0.6x
Mon, 23 Dec 2024UK£221.4bUK£401.3bUK£15.0b9.1x14.7x0.6x
Wed, 20 Nov 2024UK£233.7bUK£398.6bUK£15.4b8.8x15.2x0.6x
Fri, 18 Oct 2024UK£235.2bUK£396.9bUK£20.7b9.6x11.4x0.6x
Sun, 15 Sep 2024UK£238.5bUK£393.9bUK£20.5b8.6x11.6x0.6x
Tue, 13 Aug 2024UK£259.1bUK£404.9bUK£21.4b11.9x12.1x0.6x
Thu, 11 Jul 2024UK£264.5bUK£403.1bUK£21.8b10.2x12.1x0.7x
Sat, 08 Jun 2024UK£261.3bUK£407.2bUK£22.1b11.3x11.8x0.6x
Mon, 06 May 2024UK£277.6bUK£419.0bUK£27.3b9.1x10.2x0.7x
Wed, 03 Apr 2024UK£269.8bUK£429.9bUK£28.4b7.4x9.5x0.6x
Fri, 01 Mar 2024UK£246.1bUK£429.9bUK£26.9b5.7x9.1x0.6x
Sun, 28 Jan 2024UK£268.1bUK£614.7bUK£63.0b3.8x4.3x0.4x
Tue, 26 Dec 2023UK£279.6bUK£615.1bUK£63.1b3.9x4.4x0.5x
Thu, 23 Nov 2023UK£278.6bUK£623.5bUK£63.7b4x4.4x0.4x
Sat, 21 Oct 2023UK£305.3bUK£652.7bUK£58.8b4.4x5.2x0.5x
Mon, 18 Sep 2023UK£294.7bUK£643.5bUK£58.2b4.1x5.1x0.5x
Wed, 16 Aug 2023UK£271.9bUK£630.9bUK£58.3b4.9x4.7x0.4x
Fri, 14 Jul 2023UK£269.8bUK£649.5bUK£74.3b4.5x3.6x0.4x
Sun, 11 Jun 2023UK£267.7bUK£670.6bUK£76.7b4.9x3.5x0.4x
Tue, 09 May 2023UK£283.6bUK£668.6bUK£77.7b4.8x3.7x0.4x
Thu, 06 Apr 2023UK£291.9bUK£667.3bUK£54.8b4.7x5.3x0.4x
Sat, 04 Mar 2023UK£311.6bUK£682.4bUK£56.7b4.2x5.5x0.5x
Mon, 30 Jan 2023UK£303.6bUK£639.0bUK£50.1b4.7x6.1x0.5x
Wed, 28 Dec 2022UK£306.3bUK£651.9bUK£50.7b4.4x6x0.5x
Fri, 25 Nov 2022UK£307.8bUK£651.3bUK£51.7b4.4x6x0.5x
Sun, 23 Oct 2022UK£304.6bUK£640.0bUK£45.6b4.4x6.7x0.5x
Tue, 20 Sep 2022UK£303.5bUK£634.4bUK£45.4b6x6.7x0.5x
Price to Earnings Ratio

6.7x


Total Market Cap: UK£303.5bTotal Earnings: UK£45.4bTotal Revenue: UK£634.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Oil and Gas Industry Price to Earnings3Y Average 12.4x202320242025
Current Industry PE
  • Investors are optimistic on the British Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.3x which is higher than its 3-year average PE of 12.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 40% per year over the last three years,
  • Revenues have also declined 18% 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 Market0.64%
Energy0.67%
Oil and Gas0.67%
Coal and Fuels4.54%
Integrated Oil and Gas0.60%
Oil and Gas Storage and Transportation0%0
Oil and Gas Exploration and Production-0.96%
Oil and Gas Refining and Marketing-3.71%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry even though it's trading below its 3-year average PE ratio of 39.6x.
    • Analysts are expecting annual earnings growth of 15.4%, which is lower than the prior year's growth of 20.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Exploration and Production industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 24% per year.
  • In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings grow by 12% 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
BP. BPUK£4.211.2%
+UK£739.5m		4.0%PE156.8x
KAP National Atomic Company Kazatomprom JSCUS$49.405.2%
+US$635.4m		27.8%PE11.6x
SHEL ShellUK£26.370.4%
+UK£391.3m		3.2%PE15.3x
ITH Ithaca EnergyUK£1.923.3%
+UK£102.1m		85.5%PS1.7x
SEPL Seplat EnergyUK£2.603.0%
+UK£45.0m		39.4%PE15.5x

Latest News

PANR
UK£0.26
Pantheon Resources
7D
-10.6%
1Y
62.6%
ENOG
UK£8.60
Energean
7D
-3.6%
1Y
-8.1%
DEC
UK£11.65
Diversified Energy
7D
4.7%
1Y
36.8%

Regional Data Center Expansion And Electrification Will Boost Appalachian Demand

Despite a significant drop in the future P/E multiple alongside an improved outlook for revenue growth, the consensus analyst price target for Diversified Energy has decreased slightly from £18.81 to £18.29. What's in the News Reported Q2 average net daily production of 1,149 MMcfepd, with H1 average of 1,007 MMcfepd, up from 746 MMcfepd year-on-year.
SHEL
UK£26.37
Shell
7D
0.4%
1Y
3.2%

LNG Investments And Cost Cuts Will Support Future Energy Resilience

Shell’s consensus price target was slightly reduced to £30.10 as bullish sentiment on strong Q2 results and sector tailwinds was tempered by concerns over near-term momentum, resulting in minor downward revisions rather than a fundamental change in outlook. Analyst Commentary Bullish analysts highlight Shell’s robust second quarter results, emphasizing the company’s distinctive growth prospects, deep resource base, and commitment to sustainable shareholder returns.
KAP
US$49.40
National Atomic Company Kazatomprom JSC
7D
5.2%
1Y
27.8%

Expanding Nuclear Build-Outs Will Spark Vibrant Uranium Markets

A sharply lower consensus price target for Kazatomprom reflects a dramatic decline in its future P/E ratio, indicating materially reduced earnings expectations and overall fair value, now revised to $42.31. What's in the News Kazatomprom reported H1 2025 U3O8 production of 12,242 tU (100% basis), up from 10,857 tU YoY; attributable production reached 6,431 tU, up from 5,777 tU YoY.
HBR
UK£2.22
Harbour Energy
7D
-1.2%
1Y
-13.8%

International Diversification And Efficiency Will Secure A Resilient Future

Analysts have raised Harbour Energy’s price target from £2.79 to £2.83, citing strengthened earnings visibility, improved growth prospects, and enhanced resilience following the Wintershall Dea acquisition, which bolsters its scale, portfolio diversification, and cash flow potential. Analyst Commentary Bullish analysts cite Harbour Energy’s transformation into a larger, globally diversified operator following the Wintershall Dea acquisition, which substantially increases scale and resource base.
ITH
UK£1.92
Ithaca Energy
7D
3.3%
1Y
85.5%
BP.
UK£4.21
BP
7D
1.2%
1Y
4.0%

Upstream Breakthroughs And Cost Cuts Will Reshape Global Energy Markets

Analysts have raised BP’s price target to £4.43, citing its strong recent results, attractive valuation relative to peers, operational improvements, and the positive impact of the Bumerangue Block discovery. Analyst Commentary Bullish analysts highlight BP's relative strength in recent IOC results, supported by its unique mix of growth options, resource depth, and sustainable shareholder returns.
ENQ
UK£0.12
EnQuest
7D
-3.3%
1Y
1.5%
SEPL
UK£2.60
Seplat Energy
7D
3.0%
1Y
39.4%

We Think Seplat Energy (LON:SEPL) Can Stay On Top Of Its Debt

Aug 26
We Think Seplat Energy (LON:SEPL) Can Stay On Top Of Its Debt
SQZ
UK£1.60
Serica Energy
7D
-8.8%
1Y
24.0%
RKH
UK£0.77
Rockhopper Exploration
7D
-12.5%
1Y
444.7%
BOR
UK£0.12
Borders & Southern Petroleum
7D
10.8%
1Y
444.0%
PHAR
UK£0.23
Pharos Energy
7D
4.5%
1Y
-5.3%
GKP
UK£1.69
Gulf Keystone Petroleum
7D
-7.2%
1Y
43.2%
ENW
UK£0.20
Enwell Energy
7D
-11.1%
1Y
4.8%