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South African (JSE) Oil and Gas Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies2
  • 7D1.7%
  • 3M13.5%
  • 1Y9.0%
  • YTD5.5%

In the last week, the Oil and Gas industry is up 4.8%, with all of the companies up. In the last 12 months, the industry was up 8.2%. As for the next few years, earnings are forecast to decline by 5.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026R58.8bR75.9bR10.7b5.5x5.5x0.8x
Sun, 14 Dec 2025R55.8bR76.0bR10.4b5x5.3x0.7x
Tue, 11 Nov 2025R57.3bR76.0bR10.4b4.8x5.5x0.8x
Thu, 09 Oct 2025R54.1bR76.0bR10.5b4.7x5.2x0.7x
Sat, 06 Sep 2025R58.5bR76.0bR10.5b5.1x5.6x0.8x
Mon, 04 Aug 2025R52.2bR76.4bR11.1b4.1x4.7x0.7x
Wed, 02 Jul 2025R48.4bR76.4bR11.1b3.8x4.4x0.6x
Fri, 30 May 2025R49.2bR76.4bR11.1b4x4.5x0.6x
Sun, 27 Apr 2025R50.6bR76.3bR11.2b4.1x4.5x0.7x
Tue, 25 Mar 2025R52.7bR76.3bR11.2b4.4x4.7x0.7x
Thu, 20 Feb 2025R56.8bR71.8bR12.3b4.6x4.6x0.8x
Sat, 18 Jan 2025R56.0bR71.8bR12.3b4.7x4.6x0.8x
Mon, 16 Dec 2024R59.2bR71.8bR12.3b4.8x4.8x0.8x
Wed, 13 Nov 2024R57.7bR71.8bR12.3b4.7x4.7x0.8x
Fri, 11 Oct 2024R58.4bR71.8bR12.3b4.7x4.7x0.8x
Sun, 08 Sep 2024R53.1bR71.8bR12.3b4.2x4.3x0.7x
Tue, 06 Aug 2024R62.5bR69.4bR16.3b3.6x3.8x0.9x
Thu, 04 Jul 2024R62.7bR69.4bR16.3b3.6x3.8x0.9x
Sat, 01 Jun 2024R63.6bR69.4bR16.3b3.7x3.9x0.9x
Mon, 29 Apr 2024R62.5bR69.4bR16.4b3.6x3.8x0.9x
Wed, 27 Mar 2024R60.1bR69.4bR16.4b3.5x3.7x0.9x
Fri, 23 Feb 2024R60.4bR82.0bR22.5b2.6x2.7x0.7x
Sun, 21 Jan 2024R66.9bR82.0bR22.5b2.9x3x0.8x
Tue, 19 Dec 2023R68.3bR82.0bR22.5b2.9x3x0.8x
Thu, 16 Nov 2023R69.1bR82.0bR22.5b3x3.1x0.8x
Sat, 14 Oct 2023R71.6bR81.9bR22.6b3.1x3.2x0.9x
Mon, 11 Sep 2023R65.9bR81.9bR22.6b2.8x2.9x0.8x
Wed, 09 Aug 2023R56.8bR97.1bR30.8b1.8x1.8x0.6x
Fri, 07 Jul 2023R60.9bR97.1bR30.8b2x2x0.6x
Sun, 04 Jun 2023R62.1bR97.1bR30.8b2x2x0.6x
Tue, 02 May 2023R72.5bR97.1bR30.8b2.4x2.4x0.7x
Thu, 30 Mar 2023R75.5bR97.1bR30.8b2.4x2.5x0.8x
Sat, 25 Feb 2023R80.2bR82.4bR27.8b2.9x2.9x1x
Mon, 23 Jan 2023R88.6bR82.4bR27.8b3.1x3.2x1.1x
Price to Earnings Ratio

3.2x


Total Market Cap: R88.6bTotal Earnings: R27.8bTotal Revenue: R82.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Oil and Gas Industry Price to Earnings3Y Average 3.8x202420252026
Current Industry PE
    There are only 2 companies in the South African Oil and Gas industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 27% per year over the last three years,
  • Revenues have also declined 2.7% 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 South African Energy industry?

ZA Market2.59%
Energy1.70%
Oil and Gas1.70%
Coal and Fuels1.70%
Oil and Gas Exploration and Production0%0
Oil and Gas Storage and Transportation0%0
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 3.7x.
    • Analysts are expecting annual earnings decline of 5.7%, which is less than its past year's earnings decline of 17.0%.
  • Investors are most pessimistic about the Coal and Fuels industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.7x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Coal and Fuels industry since they expect its earnings to decline by only 5.7% per year over the next 5 years, which isn't as bad as the other industries.
  • This is an improvement from its past earnings decline of 17% per year.
  • In contrast, the Coal and Fuels industry is expected to see its earnings decline by 5.7% 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
No data available

Latest News

EXX
R185.15
Exxaro Resources
7D
-2.0%
1Y
18.2%

There's No Escaping Exxaro Resources Limited's (JSE:EXX) Muted Earnings

Jan 12
There's No Escaping Exxaro Resources Limited's (JSE:EXX) Muted Earnings
TGA
R101.41
Thungela Resources
7D
-3.6%
1Y
-22.6%

TGA: Lower Margins And Weaker Revenue Will Pressure Future Returns

Analysts have cut their fair value estimate for Thungela Resources from R92.00 to R50.00, citing updated assumptions that include a slightly lower revenue growth outlook, a narrower profit margin and a modestly reduced forward P/E multiple. What's in the News Thungela Resources issued full year 2025 production guidance of approximately 13.7 Mt of export saleable production, compared with a prior guidance range of 12.8 Mt to 13.6 Mt (company guidance).