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Norwegian (OSEAX) Oil and Gas Exploration and Production Industry Analysis

UpdatedMay 02, 2026
DataAggregated Company Financials
Companies8
  • 7D4.0%
  • 3M28.7%
  • 1Y59.5%
  • YTDn/a

In the last week, the Oil and Gas Exploration and Production industry is up 4.3%, with Aker BP up 4.0%. This means that the industry has gained 59% over the past year. Looking forward, earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

Has the Norwegian Oil and Gas Exploration and Production Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 May 2026NOK 287.7bNOK 141.8bNOK 2.5b23.8x116.4x2x
Mon, 30 Mar 2026NOK 284.0bNOK 149.3bNOK 2.3b21.2x123.7x1.9x
Wed, 25 Feb 2026NOK 226.4bNOK 145.2bNOK 1.6b15.3x141.7x1.6x
Fri, 23 Jan 2026NOK 301.0bNOK 228.5bNOK 14.7b12.4x20.5x1.3x
Sun, 21 Dec 2025NOK 275.1bNOK 234.7bNOK 15.1b10.7x18.2x1.2x
Tue, 18 Nov 2025NOK 295.1bNOK 233.1bNOK 15.1b9x19.6x1.3x
Thu, 16 Oct 2025NOK 280.5bNOK 231.2bNOK 14.8b7.8x18.9x1.2x
Sat, 13 Sep 2025NOK 278.5bNOK 225.6bNOK 14.5b8.3x19.3x1.2x
Mon, 11 Aug 2025NOK 282.0bNOK 234.9bNOK 15.6b6.7x18x1.2x
Wed, 09 Jul 2025NOK 292.6bNOK 238.3bNOK 24.3b6.7x12x1.2x
Fri, 06 Jun 2025NOK 272.9bNOK 237.8bNOK 24.3b6.7x11.2x1.1x
Sun, 04 May 2025NOK 251.2bNOK 244.0bNOK 27.3b4.4x9.2x1x
Tue, 01 Apr 2025NOK 288.3bNOK 248.7bNOK 23.6b5.2x12.2x1.2x
Thu, 27 Feb 2025NOK 270.0bNOK 262.0bNOK 24.6b6.1x11x1x
Sat, 25 Jan 2025NOK 287.2bNOK 268.5bNOK 25.2b10.3x11.4x1.1x
Mon, 23 Dec 2024NOK 259.0bNOK 272.1bNOK 25.6b9.3x10.1x1x
Wed, 20 Nov 2024NOK 272.4bNOK 264.9bNOK 25.1b9.2x10.8x1x
Fri, 18 Oct 2024NOK 270.7bNOK 266.4bNOK 28.2b7.3x9.6x1x
Sun, 15 Sep 2024NOK 265.5bNOK 260.2bNOK 27.5b7.4x9.6x1x
Tue, 13 Aug 2024NOK 291.9bNOK 261.4bNOK 26.5b9.6x11x1.1x
Thu, 11 Jul 2024NOK 298.0bNOK 252.4bNOK 23.5b10.4x12.7x1.2x
Sat, 08 Jun 2024NOK 293.2bNOK 252.1bNOK 23.5b10.4x12.5x1.2x
Mon, 06 May 2024NOK 297.6bNOK 255.6bNOK 24.7b9.2x12.1x1.2x
Wed, 03 Apr 2024NOK 310.0bNOK 258.7bNOK 21.9b12.2x14.1x1.2x
Fri, 01 Mar 2024NOK 281.7bNOK 253.5bNOK 21.6b11.5x13x1.1x
Sun, 28 Jan 2024NOK 300.6bNOK 272.3bNOK 27.5b8.2x10.9x1.1x
Tue, 26 Dec 2023NOK 314.8bNOK 267.4bNOK 27.0b8.4x11.7x1.2x
Thu, 23 Nov 2023NOK 320.3bNOK 280.9bNOK 28.4b7.6x11.3x1.1x
Sat, 21 Oct 2023NOK 343.0bNOK 313.8bNOK 30.7b7.8x11.2x1.1x
Mon, 18 Sep 2023NOK 327.3bNOK 307.8bNOK 30.0b7.6x10.9x1.1x
Wed, 16 Aug 2023NOK 305.7bNOK 301.3bNOK 29.8b8.4x10.3x1x
Fri, 14 Jul 2023NOK 293.7bNOK 296.8bNOK 28.2b7.9x10.4x1x
Sun, 11 Jun 2023NOK 281.5bNOK 305.9bNOK 27.3b7x10.3x0.9x
Tue, 09 May 2023NOK 264.5bNOK 298.5bNOK 27.6b7.1x9.6x0.9x
Price to Earnings Ratio

9.6x


Total Market Cap: NOK 264.5bTotal Earnings: NOK 27.6bTotal Revenue: NOK 298.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 20.5x202420252026
Current Industry PE
  • Investors are optimistic on the Norwegian Oil and Gas Exploration and Production industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 124x which is higher than its 3-year average PE of 20.4x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Exploration and Production industry have declined 56% per year over the last three years,
  • Revenues have also declined 22% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Norwegian Oil and Gas Exploration and Production compare with similar industries?

NO Market1.12%
Energy3.96%
Oil and Gas4.21%
Oil and Gas Exploration and Production4.00%
Oil and Gas Storage and Transportation4.33%
Integrated Oil and Gas4.26%
Oil and Gas Refining and Marketing2.70%
Coal and Fuels-8.21%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AKRBP Aker BPNOK 360.603.8%
+NOK 8.3b		62.4%PE185.5x
VAR Vår EnergiNOK 46.934.3%
+NOK 4.8b		66.0%PE18.1x
DNO DNONOK 19.834.8%
+NOK 887.3m		67.4%PS1.4x
BNOR BlueNordNOK 589.005.4%
+NOK 767.0m		-1.0%PE17.2x
BWE BW EnergyNOK 57.704.3%
+NOK 619.8m		114.1%PE12.1x

Latest News

PNOR
NOK 14.54
PetroNor E&P
7D
11.0%
1Y
14.5%
PEN
NOK 35.10
Panoro Energy
7D
7.2%
1Y
52.9%
AKRBP
NOK 360.60
Aker BP
7D
3.8%
1Y
62.4%
BNOR
NOK 589.00
BlueNord
7D
5.4%
1Y
-1.0%
VAR
NOK 46.93
Vår Energi
7D
4.3%
1Y
66.0%
DNO
NOK 19.83
DNO
7D
4.8%
1Y
67.4%

DNO: North Sea Production Start And Acquisition Capacity Will Drive Upside Potential

Analysts have kept their NOK 22.67 price target for DNO unchanged, making only small adjustments to inputs such as discount rate, revenue growth, profit margin and future P/E to reflect updated assumptions in their models. What's in the News DNO ASA started up the Symra field offshore Norway nine months ahead of schedule, with a 20% stake in a development that is tied back to the Ivar Aasen platform where DNO also holds a 12.3% interest (Product-Related Announcements).
BWE
NOK 57.70
BW Energy
7D
4.3%
1Y
114.1%

Analysts Just Published A Bright New Outlook For BW Energy Limited's (OB:BWE)

Apr 15
Analysts Just Published A Bright New Outlook For BW Energy Limited's (OB:BWE)
IOX
NOK 3.80
Interoil Exploration and Production
7D
2.7%
1Y
150.0%