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

UpdatedOct 21, 2025
DataAggregated Company Financials
Companies66
  • 7D-0.2%
  • 3M2.6%
  • 1Y5.3%
  • YTD6.4%

The Oil and Gas industry has stayed flat over the last week. The past year has been better, since the industry has gained 5.3% in that time. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Oct 2025UK£234.7bUK£356.8bUK£10.1b13.3x23.3x0.7x
Thu, 18 Sep 2025UK£231.4bUK£350.7bUK£10.0b11.7x23.2x0.7x
Sat, 16 Aug 2025UK£234.9bUK£355.8bUK£11.1b11.7x21.2x0.7x
Mon, 14 Jul 2025UK£235.1bUK£358.5bUK£9.2b10.3x25.7x0.7x
Wed, 11 Jun 2025UK£226.8bUK£358.4bUK£9.2b9.3x24.8x0.6x
Fri, 09 May 2025UK£214.3bUK£365.1bUK£9.5b9.1x22.6x0.6x
Sun, 06 Apr 2025UK£221.6bUK£379.1bUK£13.0b8.4x17.1x0.6x
Tue, 04 Mar 2025UK£244.8bUK£381.9bUK£13.4b10.5x18.2x0.6x
Thu, 30 Jan 2025UK£240.0bUK£405.7bUK£15.2b8.5x15.7x0.6x
Sat, 28 Dec 2024UK£225.6bUK£401.4bUK£15.0b8.6x15x0.6x
Mon, 25 Nov 2024UK£237.6bUK£403.3bUK£15.5b8.9x15.3x0.6x
Wed, 23 Oct 2024UK£237.0bUK£397.8bUK£20.7b9.3x11.4x0.6x
Fri, 20 Sep 2024UK£243.1bUK£389.0bUK£20.4b8.8x11.9x0.6x
Sun, 18 Aug 2024UK£258.8bUK£399.3bUK£20.6b12x12.5x0.6x
Tue, 16 Jul 2024UK£262.1bUK£399.3bUK£21.6b12.8x12.1x0.7x
Thu, 13 Jun 2024UK£263.3bUK£404.9bUK£21.9b11.4x12x0.7x
Sat, 11 May 2024UK£282.8bUK£413.9bUK£22.6b10.3x12.5x0.7x
Mon, 08 Apr 2024UK£273.2bUK£428.0bUK£28.3b7.3x9.6x0.6x
Wed, 06 Mar 2024UK£247.5bUK£427.0bUK£26.8b5.7x9.2x0.6x
Fri, 02 Feb 2024UK£273.1bUK£600.5bUK£55.1b3.9x5x0.5x
Sun, 31 Dec 2023UK£279.6bUK£613.1bUK£62.9b3.9x4.4x0.5x
Tue, 28 Nov 2023UK£280.9bUK£618.1bUK£63.3b4x4.4x0.5x
Thu, 26 Oct 2023UK£302.5bUK£653.2bUK£58.8b4.6x5.1x0.5x
Sat, 23 Sep 2023UK£296.6bUK£648.5bUK£58.6b4.1x5.1x0.5x
Mon, 21 Aug 2023UK£270.7bUK£629.7bUK£58.2b4.7x4.6x0.4x
Wed, 19 Jul 2023UK£266.6bUK£652.6bUK£74.7b4.3x3.6x0.4x
Fri, 16 Jun 2023UK£268.5bUK£663.3bUK£75.9b4.6x3.5x0.4x
Sun, 14 May 2023UK£282.3bUK£676.2bUK£77.7b4.9x3.6x0.4x
Tue, 11 Apr 2023UK£295.3bUK£669.5bUK£54.4b4.7x5.4x0.4x
Thu, 09 Mar 2023UK£311.7bUK£689.3bUK£57.1b4.1x5.5x0.5x
Sat, 04 Feb 2023UK£305.8bUK£665.8bUK£49.9b4.5x6.1x0.5x
Mon, 02 Jan 2023UK£303.2bUK£650.1bUK£50.4b4.5x6x0.5x
Wed, 30 Nov 2022UK£313.1bUK£657.5bUK£52.1b4.4x6x0.5x
Fri, 28 Oct 2022UK£313.7bUK£657.8bUK£50.8b4.7x6.2x0.5x
Price to Earnings Ratio

6.2x


Total Market Cap: UK£313.7bTotal Earnings: UK£50.8bTotal Revenue: UK£657.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Oil and Gas Industry Price to Earnings3Y Average 12.9x202320242025
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 12.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.60x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 42% 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 Market-0.65%
Energy-0.20%
Oil and Gas-0.19%
Oil and Gas Storage and Transportation0.28%
Integrated Oil and Gas0.25%
Oil and Gas Exploration and Production-1.49%
Coal and Fuels-6.18%
Oil and Gas Refining and Marketing-9.32%
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 40.2x.
    • Analysts are expecting annual earnings growth of 14.1%, which is higher than its past year's earnings growth of 1.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Exploration and Production industry, expecting annual earnings growth of 44% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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
SHEL ShellUK£27.171.2%
+UK£1.7b		6.0%PE15.5x
PANR Pantheon ResourcesUK£0.275.2%
+UK£18.1m		65.5%PB1.6x
HBR Harbour EnergyUK£2.000.5%
+UK£12.9m		-24.1%PS0.5x
BOR Borders & Southern PetroleumUK£0.1014.8%
+UK£11.9m		508.7%PB0.4x
ENOG EnergeanUK£8.910.7%
+UK£11.1m		-7.4%PE15.9x

Latest News

SEPL
UK£2.84
Seplat Energy
7D
-3.6%
1Y
24.3%
ITH
UK£1.86
Ithaca Energy
7D
0.1%
1Y
76.8%

North Sea Projects Will Shape The Future Despite Energy Transition

Analysts have raised their price target for Ithaca Energy from £1.60 to £1.73 per share. They cite improved revenue growth projections and a stronger profit margin outlook as the reasons for this adjustment.
SQZ
UK£1.86
Serica Energy
7D
0.8%
1Y
26.7%

Production Ramp Up And Drilling Success Will Unlock Potential

Analysts have raised their price target for Serica Energy from £2.38 to £2.41. They cited slightly higher projected revenue growth and a modest adjustment in the discount rate as key factors supporting the increase.
DEC
UK£9.41
Diversified Energy
7D
-1.9%
1Y
2.7%

Diversified Energy Company PLC's (LON:DEC) Shares Not Telling The Full Story

Oct 16
Diversified Energy Company PLC's (LON:DEC) Shares Not Telling The Full Story
BP.
UK£4.14
BP
7D
-0.6%
1Y
1.8%

Upstream Breakthroughs And Cost Cuts Will Reshape Global Energy Markets

Analysts have raised BP's price target, with recent updates reflecting an increase from $36 to $40 and from 440 GBp to 460 GBp. This change is attributed to improving execution and the company's potential to close its valuation gap with peers. Analyst Commentary Recent research coverage reflects a wave of optimistic sentiment toward BP, though some analysts maintain a more cautious outlook.
ENOG
UK£8.91
Energean
7D
0.7%
1Y
-7.4%

It's A Story Of Risk Vs Reward With Energean plc (LON:ENOG)

Oct 11
It's A Story Of Risk Vs Reward With Energean plc (LON:ENOG)
ZPHR
UK£0.029
Zephyr Energy
7D
-13.6%
1Y
-14.9%
PANR
UK£0.27
Pantheon Resources
7D
5.2%
1Y
65.5%
KAP
US$50.40
National Atomic Company Kazatomprom JSC
7D
-9.0%
1Y
25.1%

Does National Atomic Company Kazatomprom JSC (LON:KAP) Have A Healthy Balance Sheet?

Oct 10
Does National Atomic Company Kazatomprom JSC (LON:KAP) Have A Healthy Balance Sheet?
SHEL
UK£27.17
Shell
7D
1.2%
1Y
6.0%

LNG Investments And Cost Cuts Will Support Future Energy Resilience

Shell's analyst price target has increased modestly to $87 from $82, as analysts cite stronger-than-expected Q3 performance and robust underlying operations as key drivers for the upward revision. Analyst Commentary Recent Street research reveals a mix of optimism and caution regarding Shell’s outlook, as analysts assess the company’s operational momentum, balance sheet decisions, and capital allocation strategies following the latest quarterly updates.
BOR
UK£0.10
Borders & Southern Petroleum
7D
14.8%
1Y
508.7%

Here's Why We're Not Too Worried About Borders & Southern Petroleum's (LON:BOR) Cash Burn Situation

Oct 03
Here's Why We're Not Too Worried About Borders & Southern Petroleum's (LON:BOR) Cash Burn Situation
GKP
UK£1.77
Gulf Keystone Petroleum
7D
-5.8%
1Y
32.9%

New Water Facilities And Pipeline Exports Will Unlock Oil Production

The rise in consensus price target to £2.14 reflects stronger revenue growth forecasts and a lower forward P/E, indicating improved earnings expectations and valuation appeal for Gulf Keystone Petroleum. What's in the News Production guidance for 2025 revised to 40,000–42,000 bopd, down from previous 40,000–45,000 bopd, due to recent temporary disruptions.
YCA
UK£5.29
Yellow Cake
7D
-8.1%
1Y
-13.7%
JOG
UK£1.41
Jersey Oil and Gas
7D
6.8%
1Y
166.0%
HBR
UK£2.00
Harbour Energy
7D
0.5%
1Y
-24.1%

Harbour Energy (LON:HBR) Seems To Use Debt Quite Sensibly

Sep 16
Harbour Energy (LON:HBR) Seems To Use Debt Quite Sensibly
TLW
UK£0.083
Tullow Oil
7D
-18.8%
1Y
-67.0%

Tullow Oil plc's (LON:TLW) 26% Dip In Price Shows Sentiment Is Matching Revenues

Sep 02
Tullow Oil plc's (LON:TLW) 26% Dip In Price Shows Sentiment Is Matching Revenues