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Malaysian (KLSE) Oil and Gas Industry Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies11
  • 7D0.4%
  • 3M6.9%
  • 1Y26.9%
  • YTD7.8%

Over the last 7 days, the Oil and Gas industry has dropped 1.1%, driven by Hibiscus Petroleum Berhad declining 2.3%. Over the past 12 months, the industry was up 27%. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026RM 7.5bRM 33.9bRM 202.2m12.3x37x0.2x
Sat, 21 Mar 2026RM 7.9bRM 33.9bRM 202.2m11.8x39.3x0.2x
Mon, 16 Feb 2026RM 7.9bRM 34.1bRM 53.4m11.3x146.9x0.2x
Wed, 14 Jan 2026RM 7.1bRM 34.1bRM 46.0m12.6x155.3x0.2x
Fri, 12 Dec 2025RM 6.8bRM 34.1bRM 46.0m11.1x148.2x0.2x
Sun, 09 Nov 2025RM 5.3bRM 34.0b-RM 229,822,673.0013.6x-22.9x0.2x
Tue, 07 Oct 2025RM 28.0bRM 70.9bRM 913.5m18.4x30.7x0.4x
Thu, 04 Sep 2025RM 26.9bRM 70.9bRM 913.5m16x29.4x0.4x
Sat, 02 Aug 2025RM 26.2bRM 74.3bRM 1.0b15.2x26x0.4x
Mon, 30 Jun 2025RM 26.1bRM 74.0bRM 1.0b14.7x25.3x0.4x
Wed, 28 May 2025RM 24.3bRM 76.7bRM 1.2b15.5x20.1x0.3x
Fri, 25 Apr 2025RM 23.6bRM 78.0bRM 1.4b13.9x17.3x0.3x
Sun, 23 Mar 2025RM 23.8bRM 78.0bRM 1.4b13.8x17.5x0.3x
Tue, 18 Feb 2025RM 24.0bRM 82.1bRM 1.1b10x21.4x0.3x
Thu, 16 Jan 2025RM 23.9bRM 82.1bRM 1.1b11.2x21.7x0.3x
Sat, 14 Dec 2024RM 25.7bRM 82.1bRM 1.1b12x23.4x0.3x
Mon, 11 Nov 2024RM 23.2bRM 82.1bRM 1.0b11x22.6x0.3x
Wed, 09 Oct 2024RM 23.6bRM 82.1bRM 1.0b11.8x22.9x0.3x
Fri, 06 Sep 2024RM 25.6bRM 82.1bRM 1.0b12x24.9x0.3x
Sun, 04 Aug 2024RM 22.5bRM 78.9bRM 1.1b17.2x20.4x0.3x
Tue, 02 Jul 2024RM 22.2bRM 78.9bRM 1.1b12x20.2x0.3x
Thu, 30 May 2024RM 24.6bRM 77.9bRM 1.1b11.5x21.8x0.3x
Sat, 27 Apr 2024RM 27.0bRM 76.4bRM 1.1b9.9x25.5x0.4x
Mon, 25 Mar 2024RM 26.7bRM 76.4bRM 1.1b10.6x25.2x0.3x
Wed, 21 Feb 2024RM 28.0bRM 74.8bRM 1.0b8.5x26.8x0.4x
Fri, 19 Jan 2024RM 25.6bRM 74.8bRM 1.0b8.8x24.5x0.3x
Sun, 17 Dec 2023RM 27.0bRM 74.8bRM 1.0b8.7x25.9x0.4x
Tue, 14 Nov 2023RM 27.8bRM 77.4bRM 433.1m8.5x64.1x0.4x
Thu, 12 Oct 2023RM 27.9bRM 77.4bRM 433.1m8.2x64.3x0.4x
Sat, 09 Sep 2023RM 27.7bRM 77.4bRM 433.1m7.8x64x0.4x
Mon, 07 Aug 2023RM 27.5bRM 83.5bRM 1.4b10.9x20x0.3x
Wed, 05 Jul 2023RM 26.7bRM 83.5bRM 1.4b9.8x19.4x0.3x
Fri, 02 Jun 2023RM 25.8bRM 83.4bRM 1.3b10.3x19.2x0.3x
Sun, 30 Apr 2023RM 27.5bRM 82.7bRM 1.5b12x18.2x0.3x
Price to Earnings Ratio

18.2x


Total Market Cap: RM 27.5bTotal Earnings: RM 1.5bTotal Revenue: RM 82.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Oil and Gas Industry Price to Earnings3Y Average 34.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Malaysian 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 34.2x.
  • 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 49% per year over the last three years,
  • Revenues have also declined 26% 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 Market1.42%
Energy-1.77%
Oil and Gas0.39%
Coal and Fuels3.72%
Oil and Gas Refining and Marketing0.37%
Oil and Gas Storage and Transportation-0.55%
Oil and Gas Exploration and Production-2.33%
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 of 8.9x.
    • Analysts are expecting annual earnings growth of 33.2%, which is higher than its past year's earnings decline of 86.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Exploration and Production industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 87% 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
ELRIDGE Elridge Energy Holdings BerhadRM 0.953.3%
+RM 60.0m		61.0%PE33.2x
PETRONM Petron Malaysia Refining & Marketing BhdRM 4.241.7%
+RM 18.9m		30.1%PE4.7x
HHRG HHRG BerhadRM 0.0716.7%
+RM 10.8m		-39.1%PE12.4x
STRAITS Straits Energy Resources BerhadRM 0.086.7%
+RM 5.0m		-15.8%PS0.04x

Latest News

ELRIDGE
RM 0.95
Elridge Energy Holdings Berhad
7D
3.3%
1Y
61.0%

Elridge Sees Quiet Accumulation as Urusharta Builds Position

ELRIDGE Energy Holdings Berhad is starting to see steady institutional accumulation , with substantial shareholder Urusharta Jamaah Sdn. Bhd.
HIBISCS
RM 2.10
Hibiscus Petroleum Berhad
7D
-2.3%
1Y
35.5%

HIBISCS: Future Production And Solar Project Will Support Balanced Risk Outlook

Analysts have nudged their price target on Hibiscus Petroleum Berhad slightly higher to MYR2.10, citing a modestly lower discount rate, a smaller projected revenue decline and a slightly stronger profit margin outlook, along with a marginally reduced future P/E assumption. What's in the News Issued sales guidance for 3Q 2026 at 2.3 MMboe and 4Q 2026 at 2.4 MMboe, with full year fiscal 2026 sales volume expected at 9.1 MMboe, covering oil, condensate and gas net to the Group (Corporate guidance).
PETRONM
RM 4.24
Petron Malaysia Refining & Marketing Bhd
7D
1.7%
1Y
30.1%
ORKIM
RM 0.94
Orkim Berhad
7D
-1.1%
1Y
n/a
HENGYUAN
RM 1.16
Hengyuan Refining Company Berhad
7D
-1.7%
1Y
-24.2%
HHRG
RM 0.07
HHRG Berhad
7D
16.7%
1Y
-39.1%
STRAITS
RM 0.08
Straits Energy Resources Berhad
7D
6.7%
1Y
-15.8%
AVANGAAD
RM 0.30
Avangaad Berhad
7D
-1.6%
1Y
7.1%