Energy Exploration & Generation Valuation Multiples and Public Comps

Energy Exploration & Generation

See analyst estimates and all valuation multiples for Energy Exploration & Generation

Company	EV	EV/Revenue	EV/EBITDA
Saudi Aramco	$1.80T	3.8x	7.7x
Exxon Mobil	$499B	1.4x	6.8x
Chevron	$294B	1.5x	6.5x
Shell	$237B	0.8x	3.7x
NextEra Energy	$228B	9.0x	15.5x
PetroChina	$204B	0.5x	3.1x
TotalEnergies	$158B	0.8x	3.8x
ConocoPhillips	$143B	2.5x	5.7x
Enel	$140B	1.5x	5.8x
Iberdrola	$138B	2.7x	8.2x
Petrobras	$137B	1.5x	3.0x
China Yangtze Power	$133B	11.3x	14.0x
China Petroleum	$132B	0.3x	4.5x
BP	$121B	0.6x	3.2x
TAQA	$109B	7.2x	17.9x
CNOOC	$97.3B	1.6x	2.6x
Constellation Energy	$94.4B	4.0x	19.2x
Occidental Petroleum	$80.6B	3.0x	5.7x
China Shenhua Energy	$75.7B	1.6x	5.1x
EOG Resources	$72.8B	3.1x	5.7x
Marathon Petroleum	$72.8B	0.5x	7.0x
Cheniere Energy	$72.4B	4.4x	11.6x
Engie	$72.2B	0.9x	4.6x
Equinor	$71.8B	0.7x	1.8x
Phillips 66	$71.5B	0.5x	10.3x
ADNOC Gas	$71.4B	3.4x	8.8x
Canadian Natural Resources	$69.8B	2.7x	5.9x
Vistra	$68.6B	3.8x	13.0x
Eni	$64.0B	0.7x	3.3x
Venture Global	$60.0B	8.8x	16.4x
Diamondback Energy	$58.1B	5.2x	7.4x
Suncor Energy	$56.8B	1.6x	4.9x
Hess	$53.9B	4.2x	7.4x
CGN Power	$49.8B	4.2x	9.7x
ONGC	$49.6B	0.7x	4.4x
Ecopetrol	$47.3B	1.4x	3.5x
Huaneng Power	$47.0B	1.4x	6.4x
Ptt	$46.7B	0.5x	4.1x
GD Power Development	$45.3B	1.8x	6.8x
China Three Gorges	$40.3B	9.3x	11.3x
Valero Energy	$40.1B	0.3x	6.2x
EQT Corporation	$39.2B	6.9x	10.2x
Imperial Oil	$37.7B	1.0x	6.5x
Huaneng Lancang River	$37.1B	10.6x	14.6x
Tokyo Electric Power	$36.9B	0.8x	n/a
IndianOil	$36.8B	0.4x	8.6x
EDP	$35.6B	1.9x	6.9x
AES	$35.0B	2.9x	9.9x
China Resources Power	$34.7B	2.6x	6.8x
SDIC Power Holdings	$33.8B	4.1x	8.0x
Hengli Petrochemical	$33.3B	1.0x	9.9x
Woodside Energy	$33.2B	2.5x	3.6x
Kansai Electric Power	$33.0B	1.2x	6.4x
Devon Energy	$32.7B	2.0x	4.2x
ENEOS Holdings	$32.4B	0.4x	6.7x
Cenovus Energy	$32.1B	0.7x	4.6x
NRG Energy	$31.9B	1.0x	8.5x
SSE	$31.3B	2.6x	7.6x
CEZ	$30.8B	2.2x	5.8x
Texas Pacific	$30.6B	41.3x	49.3x
Longyuan Power	$30.5B	6.1x	9.0x
China Power	$29.0B	4.1x	8.2x
Datang International	$28.9B	1.7x	n/a
SK Innovation	$28.6B	0.5x	12.8x
Gulf Energy Development	$26.8B	7.5x	26.4x
Orsted	$26.6B	2.5x	6.0x
ADNOC Drilling Company	$26.2B	6.3x	13.0x
Expand Energy	$25.1B	5.0x	10.0x
Verbund	$25.1B	3.6x	7.3x
YPF	$24.9B	1.3x	4.9x
Adani Power	$24.8B	n/a	n/a
Kyushu Electric Power	$24.4B	1.6x	9.0x
Chubu Electric Power	$24.3B	1.0x	8.6x
Centrais Eletricas	$22.7B	3.3x	5.9x
Adani Green Energy	$22.3B	15.8x	19.6x
Coterra Energy	$22.2B	3.8x	6.0x
Huadian Power	$22.1B	1.4x	8.5x
Repsol	$21.3B	0.4x	2.6x
Orlen	$20.4B	0.3x	2.6x
Tohoku Electric Power	$19.7B	1.1x	7.1x
Inpex	$19.5B	1.3x	2.6x
Cameco	$19.4B	8.7x	19.0x
RWE	$19.3B	0.7x	3.4x
Tata Power	$19.2B	2.5x	13.1x
Chugoku Electric Power	$19.2B	1.9x	13.3x
Santos	$18.6B	3.4x	5.1x
Tourmaline Oil	$18.5B	4.5x	7.3x
Brookfield Renewable	$18.4B	3.8x	7.5x
Ovintiv	$18.0B	1.9x	4.0x
Tokyo Gas	$17.8B	1.0x	6.8x
EDP Renovaveis	$17.5B	6.9x	9.7x
Bharat Petroleum	$17.5B	0.3x	5.9x
Aker BP	$17.4B	1.4x	1.6x
Idemitsu Kosan	$16.4B	0.3x	7.8x
OMV	$15.9B	0.4x	2.1x
Antero Resources	$15.9B	3.5x	14.6x
Sunoco	$15.8B	0.7x	10.4x
APA	$14.8B	1.7x	2.6x
AltaGas	$14.6B	1.6x	11.8x
Shanghai Electric Power	$14.4B	2.4x	n/a
Dian Swastatika Sentosa	$14.4B	n/a	n/a
PTTEP	$14.4B	1.6x	2.1x
Galp Energia	$14.2B	0.7x	4.2x
Zheneng Electric	$14.2B	1.1x	5.4x
GAIL (India)	$14.1B	0.9x	8.2x
Power Assets Holdings	$14.0B	85.0x	17.4x
Permian Resources	$13.9B	2.7x	3.7x
Electric Power	$13.0B	1.5x	8.5x
ARC Resources	$13.0B	3.3x	6.1x
NHPC	$12.8B	10.3x	18.9x
JSW Energy	$12.7B	8.8x	18.6x
Raizen	$12.7B	0.3x	4.7x
DT Midstream	$12.6B	12.4x	12.6x
Vår Energi	$12.6B	1.6x	2.1x
HK Electric	$12.6B	8.2x	11.4x
Chuantou Energy	$12.2B	56.5x	14.7x
Neoenergia	$12.0B	1.6x	6.1x
Uniper	$11.9B	0.1x	4.9x
Enel Americas	$11.9B	0.8x	2.9x
Neste	$11.5B	0.5x	8.7x
Algonquin Power	$11.4B	4.3x	9.7x
ACCIONA Energía	$11.3B	3.5x	9.6x
HD Hyundai	$11.1B	0.2x	3.8x
Formosa Petrochemical	$10.9B	0.6x	21.0x
Antero Midstream	$10.9B	9.8x	10.3x
Range Resources	$10.8B	4.2x	8.9x
Grupo Energía Bogotá	$10.4B	5.3x	9.4x
Neoen	$10.3B	15.5x	18.9x
BKW	$10.2B	2.1x	9.0x
Matador Resources	$9.9B	2.8x	4.1x
Hubei Energy	$9.7B	3.5x	9.5x
ReNew	$9.7B	8.5x	11.2x
Guangxi Guiguan Electric	$9.6B	7.2x	11.3x
Civitas Resources	$9.5B	1.8x	2.6x
Public Power Corporation	$9.5B	0.9x	5.0x
National Fuel Gas	$9.4B	4.4x	7.4x
Oil India	$9.4B	2.9x	7.4x
Meridian Energy	$9.4B	3.5x	19.4x
ENN Energy	$9.3B	0.6x	5.6x
HF Sinclair	$9.1B	0.3x	7.9x
Shenergy Group	$8.9B	2.0x	6.0x
Guangdong Investment	$8.8B	2.7x	7.3x
Comstock Resources	$8.7B	6.6x	9.7x
Capital Power	$8.7B	3.5x	9.1x
Black Hills	$8.6B	4.0x	10.7x
S-Oil	$8.6B	0.3x	8.6x
Aboitiz Power	$8.4B	2.6x	8.5x
ENGIE Brasil Energia	$8.4B	4.6x	6.9x
Hess Midstream	$8.2B	5.4x	7.1x
Northland Power	$8.2B	4.9x	9.1x
Torrent Power	$8.1B	2.4x	13.1x
MOL Group	$8.1B	0.3x	2.8x
Ades Holding	$7.9B	4.8x	9.7x
OMV Petrom	$7.9B	1.1x	4.0x
Chord Energy	$7.8B	1.7x	3.4x
Energisa	$7.8B	1.5x	5.7x
Guanghui Energy	$7.8B	1.2x	7.1x
CEMIG	$7.8B	1.2x	4.8x
Petronas Gas	$7.6B	5.3x	9.7x
Shaanxi Energy Investment	$7.6B	2.4x	n/a
Eneva	$7.5B	4.4x	8.8x
Cosmo Energy Holdings	$7.3B	0.4x	5.4x
Sinopec Oilfield Service	$7.1B	0.6x	n/a
Viper Energy	$7.0B	7.6x	8.4x
Kinetik Holdings	$7.0B	4.4x	6.9x
PRIO	$6.9B	2.8x	3.9x
TransAlta	$6.9B	3.5x	7.9x
Icahn Enterprises	$6.8B	0.7x	n/a
SM Energy	$6.7B	2.4x	3.3x
CNX Resources	$6.7B	4.9x	6.3x
Ligga	$6.6B	1.7x	6.8x
Ormat Technologies	$6.5B	7.3x	11.8x
Jiangsu Guoxin	$6.5B	n/a	n/a
NorthWestern Energy	$6.4B	4.2x	11.0x
SJVN	$6.4B	18.1x	23.7x
Guangzhou Development Group	$6.4B	0.9x	n/a
Strathcona Resources	$6.3B	2.1x	4.1x
Mercury NZ	$6.2B	3.1x	12.6x
Delek Group	$6.1B	n/a	n/a
Innergex	$6.1B	8.1x	11.8x
Avista	$6.0B	3.2x	10.4x
Banpu	$6.0B	1.1x	5.3x
Vista Energy	$6.0B	3.5x	5.1x
Crescent Energy	$5.9B	1.9x	3.6x
TAURON	$5.8B	0.7x	4.2x
Viva Energy Australia	$5.8B	0.3x	11.9x
NewMed Energy	$5.7B	n/a	n/a
Fuchs	$5.7B	1.5x	10.2x
Thaioil	$5.7B	0.4x	8.4x
Northern Oil & Gas	$5.6B	2.5x	3.5x
Centrica	$5.6B	0.2x	2.1x
Murphy Oil	$5.6B	1.9x	3.4x
Pampa Energia	$5.6B	3.0x	6.9x
ALLETE	$5.6B	3.6x	12.6x
Tüpraş	$5.5B	0.3x	4.0x
INA-Industrija Nafte	$5.5B	n/a	n/a
NextDecade	$5.5B	n/a	-33.9x
Kunlun Energy	$5.4B	0.2x	2.3x
California Resources	$5.3B	1.8x	5.2x
EVN	$5.3B	1.6x	6.5x
Fujian Funeng Co	$5.2B	2.6x	6.1x
PetroVietnam Gas	$5.1B	1.3x	8.2x
Veren	$5.1B	1.7x	2.9x
Oklo	$5.1B	n/a	-101.0x
Harbour Energy	$5.1B	0.8x	1.1x
ALDREES Petroleum	$5.0B	0.9x	16.8x
Luberef	$4.9B	1.9x	14.3x
Enlight Renewable Energy	$4.9B	n/a	n/a
MEG Energy	$4.8B	1.3x	4.6x
Energean	$4.7B	2.7x	4.5x
Taqa Morocco	$4.7B	3.9x	n/a
Bangchak Corporation	$4.7B	0.3x	4.2x
Magnolia Oil & Gas	$4.7B	3.5x	4.9x
Whitecap Resources	$4.7B	1.8x	3.3x
HELLENiQ ENERGY	$4.6B	0.4x	5.0x
MedcoEnergi	$4.5B	2.0x	3.6x
Romgaz	$4.5B	2.7x	5.0x
PBF Energy	$4.5B	0.1x	33.9x
Motor Oil (Hellas)	$4.4B	0.4x	4.4x
Boralex	$4.4B	7.3x	9.2x
Rede Energia	$4.3B	n/a	n/a
Drax Group	$4.3B	0.4x	3.3x
Patterson-UTI	$4.3B	0.8x	3.7x
Kosmos Energy	$4.1B	2.4x	3.7x
Otter Tail	$4.1B	3.1x	8.4x
Energisa Mato Grosso	$4.1B	n/a	n/a
MGE Energy	$4.1B	6.0x	16.9x
ACEN	$4.0B	6.3x	18.1x
Gulfport Energy	$4.0B	3.5x	5.4x
Electricity Generating	$4.0B	2.7x	11.1x
Mangalore Refinery	$3.9B	0.4x	11.8x
Helmerich & Payne	$3.9B	1.2x	4.3x
PTT Oil and Retail	$3.8B	0.2x	7.3x
Alliance Res Partners	$3.8B	1.5x	5.4x
B.Grimm Power	$3.8B	2.3x	9.1x
Opc Energy	$3.7B	n/a	n/a
Vital Energy	$3.6B	1.8x	2.8x
Ithaca Energy	$3.5B	1.6x	2.5x
TAESA	$3.5B	n/a	n/a
Baytex Energy	$3.5B	1.3x	2.3x
Brava Energia	$3.5B	2.0x	4.8x
Terna Energy	$3.4B	n/a	n/a
Reliance Power	$3.3B	n/a	n/a
Navitas Petroleum	$3.3B	n/a	n/a
Energix-Renewable	$3.3B	n/a	n/a
Calumet	$3.3B	0.8x	15.7x
Scatec	$3.3B	5.6x	7.4x
Peyto	$3.2B	4.0x	5.0x
Energa	$3.2B	n/a	n/a
SK Gas	$3.2B	0.6x	9.6x
Ignitis	$3.1B	1.3x	5.7x
CVR Energy	$3.0B	0.4x	9.8x
Voltalia	$3.0B	5.3x	13.0x
Delek US Holdings	$2.9B	0.2x	9.1x
Talos Energy	$2.9B	1.5x	2.4x
ERG	$2.8B	3.4x	4.9x
BlueNord	$2.8B	3.5x	6.2x
Secure Waste	$2.7B	2.7x	7.8x
Lechwerke	$2.7B	n/a	n/a
HighPeak Energy	$2.7B	2.5x	3.1x
Equatorial Para Distribuidora de Energia	$2.6B	n/a	n/a
Sitio Royalties	$2.6B	4.2x	4.7x
Mach Natural Resources	$2.5B	2.5x	4.2x
Pertamina Geothermal	$2.4B	5.9x	7.1x
Central Puerto	$2.4B	3.6x	7.5x
Orygen Peru	$2.4B	n/a	n/a
Greencoat Renewables	$2.2B	16.0x	17.4x
Par Pacific Holdings	$2.2B	0.3x	9.3x
NuScale Power	$2.2B	124.2x	-15.0x
Tamarack Valley Energy	$2.2B	1.8x	3.1x
Auren Energia	$2.2B	1.5x	5.7x
Genesis Energy New Zealand	$2.1B	1.0x	8.5x
BKV Corporation	$2.1B	3.0x	10.0x
Solaria Energia	$2.1B	9.1x	10.5x
OGDC	$2.0B	1.3x	1.7x
NuVista Energy	$2.0B	2.3x	4.5x
Edenor	$2.0B	1.0x	11.3x
Grenergy Renovables	$2.0B	4.0x	12.0x
Vermilion Energy	$2.0B	1.4x	2.3x
Odfjell Drilling	$1.9B	2.5x	5.5x
Societatea Nationala Nuclearelectrica	$1.9B	1.9x	3.8x
International Petroleum	$1.9B	2.4x	5.9x
AKSA Enerji	$1.9B	2.4x	8.6x
Paramount Resources	$1.9B	1.7x	3.2x
LandBridge	$1.8B	14.4x	16.0x
Empresa Eléctrica Pehuenche	$1.8B	n/a	n/a
Bukit Asam	$1.7B	0.7x	4.2x
Shanghai Petrochemical	$1.7B	0.1x	6.5x
Athabasca Oil Corporation	$1.7B	1.9x	4.1x
Banpu Power	$1.7B	1.9x	10.9x
Petrolimex	$1.7B	0.1x	7.7x
Advantage Energy	$1.6B	3.7x	7.0x
Capex	$1.6B	n/a	n/a
Birchcliff Energy	$1.5B	3.6x	6.5x
Dana Gas	$1.5B	4.0x	6.2x
Natural Resources	$1.5B	n/a	n/a
Polenergia	$1.4B	1.4x	7.8x
Enefit Green	$1.4B	7.0x	12.6x
Dorchester Minerals	$1.4B	n/a	n/a
Alerion CleanPower	$1.4B	5.8x	7.6x
Naturenergie Holding	$1.2B	0.6x	4.1x
CropEnergies	$1.2B	n/a	n/a
Maurel & Prom	$1.2B	1.6x	3.4x
Audax Renovables	$1.0B	0.5x	8.5x
Waaree RTL	$1.0B	n/a	n/a
Headwater Exploration	$1.0B	2.4x	3.7x
DNO	$999M	1.4x	2.9x
PNEGroup	$968M	3.7x	14.4x
HLB Life Science	$915M	n/a	n/a
SP New Energy	$913M	n/a	n/a
Energiekontor	$880M	5.0x	11.2x
West Holdings	$790M	2.3x	8.5x
Verbio	$743M	0.4x	8.1x
Ecoener	$639M	7.2x	13.3x
ABO Energy	$616M	1.8x	9.9x
Montauk Renewables	$611M	2.9x	9.3x
Hallador Energy	$547M	1.3x	21.8x
EnviTec Biogas	$497M	n/a	n/a
Esso	$406M	n/a	n/a
Tamboran Resources	$359M	n/a	-17.8x
Edisun Power	$315M	n/a	n/a
OPAL Fuels	$308M	0.9x	3.2x
Infinity Natural Resources	$278M	n/a	n/a
Genie Energy	$249M	n/a	n/a
Orron Energy	$217M	6.5x	32.8x
Gevo	$212M	6.0x	-4.2x
LGI Ltd.	$186M	8.2x	17.7x
Uni-Fuels	$140M	n/a	n/a
Clearvise	$117M	3.0x	4.8x
Verde Clean Fuels	$63.1M	n/a	n/a
Founder Group Limited	$29.3M	n/a	n/a