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Malaysian (KLSE) Oil and Gas Industry Analysis

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies11
  • 7D1.3%
  • 3M-10.4%
  • 1Y18.5%
  • YTD3.6%

The Oil and Gas industry is up 1.3% in the last week, with Hibiscus Petroleum Berhad up 5.9%. Meanwhile, HHRG Berhad actually underperformed within the industry, shrinking 5.3% in the last week. In the last 12 months, the industry was up 19%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the Malaysian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Jun 2026RM 7.2bRM 35.2bRM 964.1m9.6x7.5x0.2x
Tue, 05 May 2026RM 7.5bRM 33.9bRM 202.2m11.9x37.2x0.2x
Thu, 02 Apr 2026RM 7.5bRM 33.9bRM 202.2m11.2x37.2x0.2x
Sat, 28 Feb 2026RM 8.1bRM 34.3bRM 235.9m11.9x34.5x0.2x
Mon, 26 Jan 2026RM 7.0bRM 34.1bRM 46.0m11.5x151.3x0.2x
Wed, 24 Dec 2025RM 7.1bRM 34.1bRM 46.0m12.1x154.6x0.2x
Fri, 21 Nov 2025RM 5.6bRM 34.0b-RM 229,822,673.0013.8x-24.5x0.2x
Sun, 19 Oct 2025RM 27.2bRM 70.9bRM 913.4m17.7x29.7x0.4x
Tue, 16 Sep 2025RM 26.5bRM 70.9bRM 913.5m15.1x29.1x0.4x
Thu, 14 Aug 2025RM 28.2bRM 74.3bRM 1.0b16x27.9x0.4x
Sat, 12 Jul 2025RM 26.3bRM 74.3bRM 1.0b14.9x26x0.4x
Mon, 09 Jun 2025RM 25.5bRM 74.0bRM 1.0b14.2x24.7x0.3x
Wed, 07 May 2025RM 23.9bRM 78.0bRM 1.4b14.5x17.6x0.3x
Fri, 04 Apr 2025RM 23.1bRM 78.0bRM 1.4b13.7x17x0.3x
Sun, 02 Mar 2025RM 23.7bRM 78.0bRM 1.4b13.9x17.4x0.3x
Tue, 28 Jan 2025RM 24.4bRM 82.1bRM 1.1b10.3x22.2x0.3x
Thu, 26 Dec 2024RM 24.4bRM 82.1bRM 1.1b11.9x22.2x0.3x
Sat, 23 Nov 2024RM 22.8bRM 80.8bRM 893.2m10.4x25.5x0.3x
Mon, 21 Oct 2024RM 23.2bRM 82.1bRM 1.0b10.9x22.6x0.3x
Wed, 18 Sep 2024RM 24.7bRM 82.1bRM 1.0b11.7x24x0.3x
Fri, 16 Aug 2024RM 23.8bRM 78.9bRM 1.1b16.5x21.6x0.3x
Sun, 14 Jul 2024RM 21.9bRM 78.9bRM 1.1b17.9x19.9x0.3x
Tue, 11 Jun 2024RM 23.6bRM 78.9bRM 1.1b13.2x21.4x0.3x
Thu, 09 May 2024RM 26.8bRM 76.4bRM 1.1b9.6x25.3x0.4x
Sat, 06 Apr 2024RM 27.1bRM 76.4bRM 1.1b10.9x25.5x0.4x
Mon, 04 Mar 2024RM 27.2bRM 76.4bRM 1.1b10.2x25.7x0.4x
Wed, 31 Jan 2024RM 26.1bRM 74.8bRM 1.0b8.6x25x0.3x
Fri, 29 Dec 2023RM 27.0bRM 74.8bRM 1.0b8.8x25.8x0.4x
Sun, 26 Nov 2023RM 27.7bRM 77.5bRM 414.3m8.4x66.8x0.4x
Tue, 24 Oct 2023RM 27.8bRM 77.4bRM 433.1m7.8x64.1x0.4x
Thu, 21 Sep 2023RM 28.4bRM 77.4bRM 433.1m8x65.6x0.4x
Sat, 19 Aug 2023RM 27.3bRM 83.5bRM 1.4b9.6x19.8x0.3x
Mon, 17 Jul 2023RM 26.7bRM 83.5bRM 1.4b10x19.4x0.3x
Wed, 14 Jun 2023RM 26.4bRM 83.5bRM 1.4b10x19.2x0.3x
Price to Earnings Ratio

19.2x


Total Market Cap: RM 26.4bTotal Earnings: RM 1.4bTotal Revenue: RM 83.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Oil and Gas Industry Price to Earnings3Y Average 34.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Malaysian 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 7.5x which is lower than its 3-year average PE of 34.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.31x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 11% per year over the last three years,
  • Revenues have also declined 25% 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 Malaysian Energy industry?

MY Market-0.012%
Energy1.77%
Oil and Gas1.27%
Oil and Gas Exploration and Production5.91%
Oil and Gas Refining and Marketing0.36%
Oil and Gas Storage and Transportation0.017%
Coal and Fuels-0.31%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 22.8x.
    • Analysts are expecting annual earnings growth of 20.3%, which is lower than the prior year's growth of 41.6% per year.
  • Investors are most pessimistic about the Oil and Gas Refining and Marketing industry, which is trading below its 3-year average of 51.6x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 20% over the next 5 years.
  • However this is lower than its past earnings growth rate of 42% per year.
  • In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings grow by 13% 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
HIBISCS Hibiscus Petroleum BerhadRM 2.155.9%
+RM 88.5m		47.3%PE6.5x
HENGYUAN Hengyuan Refining Company BerhadRM 1.271.6%
+RM 12.0m		-23.5%PE1.7x
PSP PSP Energy BerhadRM 0.143.7%
+RM 5.3m		n/aPE10.5x

Latest News

PSP
RM 0.14
PSP Energy Berhad
7D
3.7%
1Y
n/a
HIBISCS
RM 2.15
Hibiscus Petroleum Berhad
7D
5.9%
1Y
47.3%
Narrative Update • Jun 05

HIBISCS: Dividend And Production Guidance Will Support Further Upside Potential

Analysts have raised their price target for Hibiscus Petroleum Berhad from MYR2.45 to about MYR2.82, citing updated assumptions around revenue growth, profit margins and future P/E as the main factors behind the revision. What's in the News Hibiscus Petroleum Berhad announced a third single-tier interim dividend of MYR0.03 per ordinary share for the financial year ending 30 June 2026, with an ex-date of 18 June 2026, an entitlement date of 19 June 2026, and a payment date of 17 July 2026.
HENGYUAN
RM 1.27
Hengyuan Refining Company Berhad
7D
1.6%
1Y
-23.5%
Analysis Article • Jun 02

Additional Considerations Required While Assessing Hengyuan Refining Company Berhad's (KLSE:HENGYUAN) Strong Earnings

Hengyuan Refining Company Berhad ( KLSE:HENGYUAN ) just reported some strong earnings, and the market reacted...
HHRG
RM 0.09
HHRG Berhad
7D
-5.3%
1Y
-18.2%
PETRONM
RM 3.98
Petron Malaysia Refining & Marketing Bhd
7D
-0.5%
1Y
9.3%
ORKIM
RM 0.89
Orkim Berhad
7D
-0.6%
1Y
n/a