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

UpdatedAug 10, 2026
DataAggregated Company Financials
Companies62
  • 7D-3.7%
  • 3M0.05%
  • 1Y25.1%
  • YTD19.9%

Over the last 7 days, the Oil and Gas industry has dropped 3.7%, driven by a pullback from Shell of 3.8%. In the past year, the industry has gained 25%. As for the next few years, earnings are expected to grow by 1.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 10 Aug 2026UK£285.3bUK£411.6bUK£24.5b16x11.7x0.7x
Wed, 08 Jul 2026UK£262.9bUK£375.1bUK£16.8b17.8x15.7x0.7x
Fri, 05 Jun 2026UK£288.2bUK£373.5bUK£16.7b14.7x17.3x0.8x
Sun, 03 May 2026UK£297.6bUK£371.4bUK£15.5b12.9x19.2x0.8x
Tue, 31 Mar 2026UK£315.9bUK£377.7bUK£13.6b13.6x23.3x0.8x
Thu, 26 Feb 2026UK£261.2bUK£350.8bUK£13.0b9.4x20.1x0.7x
Sat, 24 Jan 2026UK£237.1bUK£350.3bUK£11.7b9.8x20.3x0.7x
Mon, 22 Dec 2025UK£234.1bUK£355.9bUK£11.9b9.9x19.7x0.7x
Wed, 19 Nov 2025UK£248.9bUK£362.8bUK£11.9b11x20.9x0.7x
Fri, 17 Oct 2025UK£233.3bUK£356.2bUK£10.1b13.8x23.2x0.7x
Sun, 14 Sep 2025UK£233.7bUK£352.6bUK£10.0b11.6x23.3x0.7x
Tue, 12 Aug 2025UK£235.6bUK£358.9bUK£11.2b11.5x21.1x0.7x
Thu, 10 Jul 2025UK£229.7bUK£355.9bUK£9.1b10.3x25.3x0.6x
Sat, 07 Jun 2025UK£218.8bUK£357.5bUK£9.1b9x24.1x0.6x
Mon, 05 May 2025UK£216.3bUK£364.2bUK£9.4b9.2x22.9x0.6x
Wed, 02 Apr 2025UK£252.9bUK£377.7bUK£12.9b9.1x19.6x0.7x
Fri, 28 Feb 2025UK£245.4bUK£384.4bUK£13.5b10.6x18.2x0.6x
Sun, 26 Jan 2025UK£243.0bUK£404.2bUK£15.2b8.5x16x0.6x
Tue, 24 Dec 2024UK£222.6bUK£402.8bUK£15.1b8.9x14.7x0.6x
Thu, 21 Nov 2024UK£232.4bUK£399.6bUK£15.4b8.9x15.1x0.6x
Sat, 19 Oct 2024UK£234.0bUK£396.0bUK£20.6b9.6x11.3x0.6x
Mon, 16 Sep 2024UK£238.5bUK£393.9bUK£20.5b8.6x11.6x0.6x
Wed, 14 Aug 2024UK£257.5bUK£401.9bUK£21.2b11.8x12.1x0.6x
Fri, 12 Jul 2024UK£263.0bUK£401.1bUK£21.7b10.2x12.1x0.7x
Sun, 09 Jun 2024UK£261.3bUK£407.3bUK£22.1b11.3x11.8x0.6x
Tue, 07 May 2024UK£277.6bUK£418.1bUK£27.2b9.1x10.2x0.7x
Thu, 04 Apr 2024UK£272.3bUK£427.5bUK£28.3b7.4x9.6x0.6x
Sat, 02 Mar 2024UK£250.4bUK£428.7bUK£26.9b5.7x9.3x0.6x
Mon, 29 Jan 2024UK£268.1bUK£614.7bUK£63.0b3.8x4.3x0.4x
Wed, 27 Dec 2023UK£279.6bUK£615.1bUK£63.1b3.9x4.4x0.5x
Fri, 24 Nov 2023UK£281.9bUK£621.0bUK£63.4b4x4.4x0.5x
Sun, 22 Oct 2023UK£305.3bUK£652.3bUK£58.8b4.4x5.2x0.5x
Tue, 19 Sep 2023UK£294.6bUK£643.6bUK£58.2b4.1x5.1x0.5x
Thu, 17 Aug 2023UK£271.0bUK£629.3bUK£58.2b4.9x4.7x0.4x
Price to Earnings Ratio

4.7x


Total Market Cap: UK£271.0bTotal Earnings: UK£58.2bTotal Revenue: UK£629.3bTotal 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 11.7x 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 25% 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 Market0.96%
Energy-3.64%
Oil and Gas-3.65%
Oil and Gas Storage and Transportation10.00%
Coal and Fuels8.33%
Oil and Gas Refining and Marketing0.73%
Oil and Gas Exploration and Production0.38%
Integrated Oil and Gas-4.58%
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 15.6%, 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 16% 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$72.107.3%
+US$1.3b		65.9%PE15.8x
HBR Harbour EnergyUK£2.514.8%
+UK£207.5m		8.7%PE18.6x
SEPL Seplat EnergyUK£6.022.7%
+UK£96.0m		128.9%PE16.5x
ITH Ithaca EnergyUK£2.411.3%
+UK£52.8m		40.3%PE22.2x
GENL Genel EnergyUK£0.6427.7%
+UK£38.3m		4.9%PS4.8x

Latest News

GENL
UK£0.64
Genel Energy
7D
27.7%
1Y
4.9%
SQZ
UK£2.39
Serica Energy
7D
3.0%
1Y
42.5%
HBR
UK£2.51
Harbour Energy
7D
4.8%
1Y
8.7%
BP.
UK£5.25
BP
7D
-5.0%
1Y
23.9%
ITH
UK£2.41
Ithaca Energy
7D
1.3%
1Y
40.3%
SHEL
UK£32.98
Shell
7D
-3.2%
1Y
24.7%
TLW
UK£0.14
Tullow Oil
7D
-3.5%
1Y
55.4%
SEPL
UK£6.02
Seplat Energy
7D
2.7%
1Y
128.9%
KAP
US$72.10
National Atomic Company Kazatomprom JSC
7D
7.3%
1Y
65.9%
GKP
UK£1.77
Gulf Keystone Petroleum
7D
2.9%
1Y
6.4%
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.
UPL
UK£0.029
Upland Resources
7D
-6.5%
1Y
176.2%
ENOG
UK£7.44
Energean
7D
-1.3%
1Y
-19.8%
AEX
UK£0.012
Aminex
7D
-7.7%
1Y
-36.8%
ZPHR
UK£0.033
Zephyr Energy
7D
-5.8%
1Y
16.1%
PANR
UK£0.13
Pantheon Resources
7D
9.2%
1Y
-45.6%
STAR
UK£0.23
Star Energy Group
7D
-13.5%
1Y
252.2%