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Malaysian (KLSE) Oil and Gas Industry Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies11
  • 7D0.5%
  • 3M-2.8%
  • 1Y19.9%
  • YTD4.8%

Over the last 7 days, the Oil and Gas industry has remained flat, although notably Hengyuan Refining Company Berhad gained 14%. As for the the longer term, the industry is up 20% over the past 12 months. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Jul 2026RM 7.3bRM 35.2bRM 964.1m9.5x7.5x0.2x
Sat, 20 Jun 2026RM 6.8bRM 35.2bRM 964.1m9.7x7x0.2x
Mon, 18 May 2026RM 7.4bRM 33.9bRM 204.3m14.2x36.1x0.2x
Wed, 15 Apr 2026RM 7.4bRM 33.9bRM 202.2m11x36.7x0.2x
Fri, 13 Mar 2026RM 8.0bRM 33.9bRM 202.2m11.4x39.4x0.2x
Sun, 08 Feb 2026RM 7.4bRM 34.1bRM 46.0m11x160.2x0.2x
Tue, 06 Jan 2026RM 7.0bRM 34.1bRM 46.0m11.3x151.8x0.2x
Thu, 04 Dec 2025RM 5.9bRM 33.8b-RM 38,927,673.0012x-150.7x0.2x
Sat, 01 Nov 2025RM 27.8bRM 70.9bRM 913.4m18x30.4x0.4x
Mon, 29 Sep 2025RM 27.3bRM 70.9bRM 913.5m16.9x29.9x0.4x
Wed, 27 Aug 2025RM 26.8bRM 72.5bRM 939.5m16.8x28.5x0.4x
Fri, 25 Jul 2025RM 26.2bRM 74.3bRM 1.0b15.1x25.9x0.4x
Sun, 22 Jun 2025RM 26.0bRM 74.0bRM 1.0b13.3x25.2x0.4x
Tue, 20 May 2025RM 24.2bRM 78.0bRM 1.4b14.5x17.8x0.3x
Thu, 17 Apr 2025RM 23.3bRM 78.0bRM 1.4b13.8x17.2x0.3x
Sat, 15 Mar 2025RM 21.6bRM 78.0bRM 1.4b12.9x15.9x0.3x
Mon, 10 Feb 2025RM 24.4bRM 82.1bRM 1.1b10.3x22.2x0.3x
Wed, 08 Jan 2025RM 25.1bRM 82.1bRM 1.1b11.7x22.8x0.3x
Fri, 06 Dec 2024RM 26.0bRM 82.1bRM 1.1b11.8x23.6x0.3x
Sun, 03 Nov 2024RM 23.4bRM 82.1bRM 1.0b10.4x22.8x0.3x
Tue, 01 Oct 2024RM 23.0bRM 82.1bRM 1.0b12.3x22.4x0.3x
Thu, 29 Aug 2024RM 26.2bRM 80.4bRM 1.1b16x23.6x0.3x
Sat, 27 Jul 2024RM 22.2bRM 78.9bRM 1.1b17.2x20.2x0.3x
Mon, 24 Jun 2024RM 22.4bRM 78.9bRM 1.1b12.3x20.3x0.3x
Wed, 22 May 2024RM 25.9bRM 76.4bRM 1.0b11.9x24.7x0.3x
Fri, 19 Apr 2024RM 26.9bRM 76.4bRM 1.1b10.4x25.3x0.4x
Sun, 17 Mar 2024RM 26.1bRM 76.4bRM 1.1b10.6x24.6x0.3x
Tue, 13 Feb 2024RM 26.3bRM 74.8bRM 1.0b8.6x25.2x0.4x
Thu, 11 Jan 2024RM 26.2bRM 74.8bRM 1.0b8.7x25x0.3x
Sat, 09 Dec 2023RM 26.6bRM 74.8bRM 1.0b8.6x25.5x0.4x
Mon, 06 Nov 2023RM 27.9bRM 77.4bRM 433.1m7.7x64.4x0.4x
Wed, 04 Oct 2023RM 27.8bRM 77.4bRM 433.1m7.7x64.2x0.4x
Fri, 01 Sep 2023RM 27.0bRM 77.4bRM 433.1m8.5x62.3x0.3x
Sun, 30 Jul 2023RM 27.9bRM 83.5bRM 1.4b10.9x20.2x0.3x
Price to Earnings Ratio

20.2x


Total Market Cap: RM 27.9bTotal 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 34.2x202420252026
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 34.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.30x.
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 Market0.28%
Energy-1.26%
Oil and Gas0.46%
Oil and Gas Refining and Marketing2.71%
Oil and Gas Storage and Transportation2.02%
Oil and Gas Exploration and Production-0.49%
Coal and Fuels-2.40%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 23.6x.
    • 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 50.6x.
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
HENGYUAN Hengyuan Refining Company BerhadRM 1.5713.8%
+RM 114.0m		18.9%PE2.2x
JAGCPTL JAG Capital BerhadRM 0.9910.6%
+RM 52.9m		46.3%PE22.1x
HIBISCS Hibiscus Petroleum BerhadRM 2.101.9%
+RM 29.5m		35.5%PE6.3x
PETRONM Petron Malaysia Refining & Marketing BhdRM 3.602.9%
+RM 27.0m		0.3%PE7.5x
HHRG HHRG BerhadRM 0.176.1%
+RM 10.8m		45.8%PS1.8x

Latest News

HIBISCS
RM 2.10
Hibiscus Petroleum Berhad
7D
1.9%
1Y
35.5%
Narrative Update • Jul 06

HIBISCS: Rising Margins And Dividend Payouts Will Support Stronger Risk Reward Profile

Analysts have raised their price target for Hibiscus Petroleum Berhad to MYR2.57 from MYR2.10, citing updates to fair value estimates that reflect revised assumptions on discount rates, revenue trends, profit margins, and forward P/E expectations. What's in the News Hibiscus Petroleum Berhad, through Hibiscus EP (Brunei) B.V., launched the Low-Pressure Compressor Project at the Onshore Processing Plant in Lumut, Brunei, marking what the company describes as the world’s first water saturated Integrated Compressor Line compressor and Asia’s first operational ICL compressor, according to company key developments.
ORKIM
RM 0.86
Orkim Berhad
7D
0.6%
1Y
n/a
PETRONM
RM 3.60
Petron Malaysia Refining & Marketing Bhd
7D
2.9%
1Y
0.3%
ELRIDGE
RM 0.86
Elridge Energy Holdings Berhad
7D
-4.4%
1Y
28.4%
Narrative Update • Jun 12

The B15 Mandate Catalyzes a Structural Shift in Malaysia’s Biomass Sector, Unlocking Fresh Opportunities for Elridge Energy

Following the recent enforcement of the federal B15 biodiesel mandate , Malaysia’s green energy ecosystem is undergoing an unprecedented structural transformation. Conceived primarily as a strategic buffer to counter rising international fuel volatility, this policy dictates that the national palm oil blending ratio for the transportation sector must step up to 15%.
PSP
RM 0.14
PSP Energy Berhad
7D
-3.6%
1Y
n/a
New Narrative • Jun 11

PSP Energy Breaks Key Downtrend, Momentum Building for Further Upside

PSP Energy Berhad has started to attract market attention after breaking above a long-term downtrend line , a technical development that often signals a potential shift in sentiment from bearish to bullish. Looking at the daily chart, the stock recently closed at 14.5 sen , gaining 3.57% for the day.
HENGYUAN
RM 1.57
Hengyuan Refining Company Berhad
7D
13.8%
1Y
18.9%
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...
FAST
RM 0.04
Fast Energy Holdings Berhad
7D
14.3%
1Y
-11.1%
HHRG
RM 0.17
HHRG Berhad
7D
6.1%
1Y
45.8%
JAGCPTL
RM 0.99
JAG Capital Berhad
7D
10.6%
1Y
46.3%