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Pakistani (KSE) Oil and Gas Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies14
  • 7D-2.3%
  • 3M-1.0%
  • 1Y6.8%
  • YTD5.3%

Over the last 7 days, the Oil and Gas industry has dropped 2.7%, driven by Oil and Gas Development declining 3.9%. In contrast, Wafi Energy Pakistan has gained 6.2%. This takes the industry's 12 month performance to a gain of 5.5%. Earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025PK₨3.2tPK₨6.2tPK₨381.8b8.7x8.5x0.5x
Fri, 21 Nov 2025PK₨3.2tPK₨6.2tPK₨381.8b8.1x8.4x0.5x
Sun, 19 Oct 2025PK₨3.2tPK₨6.3tPK₨364.4b8.1x8.8x0.5x
Tue, 16 Sep 2025PK₨3.2tPK₨6.4tPK₨364.7b8.4x8.6x0.5x
Thu, 14 Aug 2025PK₨3.0tPK₨6.2tPK₨384.6b8.1x7.9x0.5x
Sat, 12 Jul 2025PK₨2.8tPK₨6.2tPK₨384.2b7.6x7.3x0.5x
Mon, 09 Jun 2025PK₨2.7tPK₨6.2tPK₨384.2b7.4x6.9x0.4x
Wed, 07 May 2025PK₨2.5tPK₨6.2tPK₨393.4b6x6.4x0.4x
Fri, 04 Apr 2025PK₨3.0tPK₨6.6tPK₨384.0b6x7.7x0.4x
Sun, 02 Mar 2025PK₨2.6tPK₨6.6tPK₨427.3b5.3x6.1x0.4x
Tue, 28 Jan 2025PK₨2.6tPK₨6.7tPK₨413.8b6x6.4x0.4x
Thu, 26 Dec 2024PK₨3.0tPK₨6.7tPK₨415.5b6x7.3x0.5x
Sat, 23 Nov 2024PK₨2.3tPK₨6.7tPK₨415.5b5.1x5.6x0.3x
Mon, 21 Oct 2024PK₨2.0tPK₨6.9tPK₨457.1b4.9x4.4x0.3x
Wed, 18 Sep 2024PK₨1.8tPK₨6.9tPK₨512.7b4x3.6x0.3x
Fri, 16 Aug 2024PK₨1.8tPK₨6.9tPK₨533.8b3.6x3.3x0.3x
Sun, 14 Jul 2024PK₨1.7tPK₨6.9tPK₨519.3b3.4x3.2x0.2x
Tue, 11 Jun 2024PK₨1.6tPK₨6.9tPK₨514.3b3.4x3.1x0.2x
Thu, 09 May 2024PK₨1.7tPK₨6.9tPK₨519.5b3.5x3.2x0.2x
Sat, 06 Apr 2024PK₨1.6tPK₨6.9tPK₨559.4b3.1x2.8x0.2x
Mon, 04 Mar 2024PK₨1.6tPK₨6.8tPK₨558.5b2.9x2.8x0.2x
Wed, 31 Jan 2024PK₨1.6tPK₨6.6tPK₨506.0b3.1x3.1x0.2x
Fri, 29 Dec 2023PK₨1.4tPK₨6.6tPK₨498.4b3.1x2.9x0.2x
Sun, 26 Nov 2023PK₨1.3tPK₨6.6tPK₨498.4b3x2.7x0.2x
Tue, 24 Oct 2023PK₨1.2tPK₨6.5tPK₨456.8b3.1x2.7x0.2x
Thu, 21 Sep 2023PK₨1.1tPK₨6.5tPK₨403.2b3.2x2.8x0.2x
Sat, 19 Aug 2023PK₨1.2tPK₨6.5tPK₨432.0b2.4x2.7x0.2x
Mon, 17 Jul 2023PK₨1.1tPK₨6.5tPK₨429.2b2.2x2.5x0.2x
Wed, 14 Jun 2023PK₨986.6bPK₨6.5tPK₨429.2b1.9x2.3x0.2x
Fri, 12 May 2023PK₨989.7bPK₨6.5tPK₨429.7b2x2.3x0.2x
Sun, 09 Apr 2023PK₨1.0tPK₨6.1tPK₨417.8b2.5x2.4x0.2x
Tue, 07 Mar 2023PK₨1.1tPK₨6.0tPK₨419.5b3.3x2.5x0.2x
Thu, 02 Feb 2023PK₨1.1tPK₨5.5tPK₨427.9b3x2.5x0.2x
Sat, 31 Dec 2022PK₨999.4bPK₨5.5tPK₨420.6b2.9x2.4x0.2x
Price to Earnings Ratio

2.4x


Total Market Cap: PK₨999.4bTotal Earnings: PK₨420.6bTotal Revenue: PK₨5.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Pakistani Oil and Gas Industry Price to Earnings3Y Average 4.6x202320242025
Current Industry PE
  • Investors are optimistic on the Pakistani Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 8.6x which is higher than its 3-year average PE of 4.6x.
  • 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 3.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Pakistani Energy industry?

PK Market0.027%
Energy-2.35%
Oil and Gas-2.35%
Oil and Gas Refining and Marketing-1.54%
Oil and Gas Exploration and Production-2.49%
Oil and Gas Storage and Transportation-3.90%
Industry PE
  • Investors are most optimistic about the Oil and Gas Refining and Marketing industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 18.7%, which is higher than its past year's earnings decline of 22.8% per year.
  • Investors are most pessimistic about the Oil and Gas Exploration and Production industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.3x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings grow by 7.3% 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
WAFI Wafi Energy PakistanPK₨224.996.2%
+PK₨2.8b
-0.8%PE8.6x

Latest News

OGDC: Exploration Upside Will Support Stronger Future Cash Returns

Analysts have raised their price target on the company from 400 dollars to 425 dollars, citing slightly higher long term revenue growth expectations that more than offset modestly lower projected profit margins and a richer future earnings multiple. What's in the News Government of Pakistan executed three exploration agreements covering one offshore and two onshore blocks, expanding OGDCL's portfolio in Eastern Offshore Indus C and key onshore areas, and reinforcing its long term growth prospects (Key Developments) OGDCL commenced 1,100 BPD oil production from its new Pasakhi 14 development well in District Hyderabad, using advanced drilling technologies to optimize output and reservoir integrity (Key Developments) OGDCL announced a gas and condensate discovery at Bitrism East 1 in Sindh, with combined test potential of 22.5 MMSCFD gas and 690 BPD condensate, supporting indigenous energy supply (Key Developments) Soghri North Well 1 was brought into production with 14 MMSCFD gas and 430 BPD condensate capacity, connected via a new 14 km flow line to Dakhni Plant for early monetization (Key Developments) The company proposed and then secured shareholder approval for a final cash dividend of PKR 5 per share for FY 2025, in addition to three interim dividends already paid (Key Developments) Valuation Changes Fair Value: raised slightly from 400 dollars to 425 dollars, reflecting a modest upward revision to intrinsic valuation.