Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

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

UpdatedMay 03, 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 4.0%, with all of the companies up. This takes the industry's 12 month performance to a gain of 60%. 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
Sun, 03 May 2026NOK 287.7bNOK 141.8bNOK 2.5b23.8x116.4x2x
Tue, 31 Mar 2026NOK 290.5bNOK 149.5bNOK 2.3b21.9x126.4x1.9x
Thu, 26 Feb 2026NOK 227.1bNOK 145.2bNOK 1.6b15.7x142.1x1.6x
Sat, 24 Jan 2026NOK 308.2bNOK 227.0bNOK 14.6b12.3x21.1x1.4x
Mon, 22 Dec 2025NOK 275.1bNOK 234.7bNOK 15.1b10.7x18.2x1.2x
Wed, 19 Nov 2025NOK 289.0bNOK 233.9bNOK 15.1b8.9x19.1x1.2x
Fri, 17 Oct 2025NOK 277.9bNOK 230.4bNOK 14.8b7.8x18.8x1.2x
Sun, 14 Sep 2025NOK 278.5bNOK 225.6bNOK 14.5b8.3x19.3x1.2x
Tue, 12 Aug 2025NOK 280.8bNOK 233.7bNOK 15.6b6.6x18x1.2x
Thu, 10 Jul 2025NOK 293.2bNOK 238.2bNOK 24.3b6.7x12.1x1.2x
Sat, 07 Jun 2025NOK 273.5bNOK 238.6bNOK 24.4b6.8x11.2x1.1x
Mon, 05 May 2025NOK 251.2bNOK 244.0bNOK 27.3b4.5x9.2x1x
Wed, 02 Apr 2025NOK 288.8bNOK 247.4bNOK 23.4b5.2x12.3x1.2x
Fri, 28 Feb 2025NOK 270.7bNOK 265.2bNOK 25.1b4.9x10.8x1x
Sun, 26 Jan 2025NOK 287.2bNOK 269.0bNOK 25.3b10.3x11.4x1.1x
Tue, 24 Dec 2024NOK 260.4bNOK 272.8bNOK 25.7b9.5x10.2x1x
Thu, 21 Nov 2024NOK 275.7bNOK 266.9bNOK 25.3b9.2x10.9x1x
Sat, 19 Oct 2024NOK 269.6bNOK 266.5bNOK 28.3b7.2x9.5x1x
Mon, 16 Sep 2024NOK 265.5bNOK 260.2bNOK 27.5b7.4x9.6x1x
Wed, 14 Aug 2024NOK 288.1bNOK 259.5bNOK 26.3b9.5x11x1.1x
Fri, 12 Jul 2024NOK 294.3bNOK 252.3bNOK 23.3b10.4x12.7x1.2x
Sun, 09 Jun 2024NOK 293.2bNOK 252.3bNOK 23.6b10.3x12.5x1.2x
Tue, 07 May 2024NOK 303.8bNOK 254.8bNOK 24.6b9.4x12.3x1.2x
Thu, 04 Apr 2024NOK 314.5bNOK 256.0bNOK 21.7b12.5x14.5x1.2x
Sat, 02 Mar 2024NOK 286.8bNOK 251.2bNOK 21.4b11.8x13.4x1.1x
Mon, 29 Jan 2024NOK 300.6bNOK 272.3bNOK 27.5b8.2x10.9x1.1x
Wed, 27 Dec 2023NOK 314.8bNOK 267.2bNOK 27.0b8.4x11.7x1.2x
Fri, 24 Nov 2023NOK 329.2bNOK 280.0bNOK 28.3b7.7x11.6x1.2x
Sun, 22 Oct 2023NOK 343.0bNOK 314.2bNOK 30.8b7.8x11.1x1.1x
Tue, 19 Sep 2023NOK 325.2bNOK 308.7bNOK 30.1b7.7x10.8x1.1x
Thu, 17 Aug 2023NOK 307.0bNOK 303.1bNOK 29.9b8.4x10.3x1x
Sat, 15 Jul 2023NOK 285.0bNOK 298.4bNOK 28.2b7.7x10.1x1x
Mon, 12 Jun 2023NOK 281.5bNOK 305.9bNOK 27.3b7x10.3x0.9x
Wed, 10 May 2023NOK 260.6bNOK 301.2bNOK 27.8b6.9x9.4x0.9x
Price to Earnings Ratio

9.4x


Total Market Cap: NOK 260.6bTotal Earnings: NOK 27.8bTotal Revenue: NOK 301.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 20.6x202420252026
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 116x which is higher than its 3-year average PE of 20.5x.
  • 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 55% 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%