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	$1.64T	3.8x	7.2x
Exxon Mobil	$463B	1.4x	6.5x
Chevron	$264B	1.4x	6.1x
Shell	$235B	0.8x	3.7x
NextEra Energy	$229B	8.7x	15.3x
PetroChina	$214B	0.5x	3.3x
Iberdrola	$177B	3.4x	9.6x
TotalEnergies	$157B	0.8x	3.7x
Enel	$156B	1.7x	6.1x
China Yangtze Power	$144B	12.1x	15.2x
China Petroleum	$136B	0.3x	5.0x
Petrobras	$130B	1.5x	3.2x
ConocoPhillips	$125B	2.1x	5.0x
TAQA	$116B	7.6x	20.1x
BP	$112B	0.6x	3.0x
Constellation Energy	$102B	4.3x	20.5x
CNOOC	$94.3B	1.6x	2.6x
Engie	$90.1B	1.1x	5.3x
China Shenhua Energy	$89.8B	1.9x	6.2x
Marathon Petroleum	$77.5B	0.6x	7.5x
Canadian Natural Resources	$76.7B	2.8x	6.2x
Cheniere Energy	$74.2B	4.2x	11.5x
Vistra	$73.8B	4.0x	12.8x
Occidental Petroleum	$72.5B	2.7x	5.3x
Equinor	$69.5B	0.6x	1.7x
Eni	$65.9B	0.7x	3.4x
Phillips 66	$64.0B	0.5x	9.4x
ADNOC Gas	$63.3B	3.3x	8.0x
EOG Resources	$58.4B	2.5x	4.8x
Venture Global	$54.9B	6.7x	14.3x
ONGC	$52.5B	0.7x	4.6x
Suncor Energy	$52.4B	1.5x	4.5x
Huaneng Power	$52.4B	1.5x	7.0x
Diamondback Energy	$52.4B	4.2x	6.2x
Hess	$49.5B	4.0x	7.2x
GD Power Development	$48.9B	2.0x	8.3x
CGN Power	$48.6B	4.1x	9.4x
Valero Energy	$46.7B	0.4x	7.6x
PTT	$45.0B	0.5x	3.7x
Ecopetrol	$43.7B	1.4x	3.4x
China Three Gorges	$42.7B	9.9x	12.3x
Huaneng Lancang River	$41.7B	11.6x	15.6x
EQT Corporation	$41.3B	6.3x	9.0x
NRG Energy	$41.1B	1.4x	10.7x
Tokyo Electric Power	$40.2B	0.9x	n/a
IndianOil	$39.7B	0.4x	9.0x
EDP-Energias De Portugal	$39.4B	2.2x	7.1x
SSE	$38.5B	2.8x	8.6x
Imperial Oil	$38.1B	1.0x	6.8x
China Resources Power	$37.5B	2.8x	7.3x
CEZ	$37.3B	2.4x	6.3x
SDIC Power Holdings	$36.1B	4.5x	9.0x
AES	$35.9B	2.9x	13.0x
SK Innovation	$35.4B	0.6x	14.3x
Woodside Energy	$35.2B	2.7x	3.9x
Longyuan Power	$33.6B	6.7x	9.5x
Kansai Electric Power	$33.6B	1.1x	6.5x
Hengli Petrochemical	$33.2B	1.0x	9.2x
Expand Energy	$32.5B	4.6x	9.0x
China Power	$31.6B	4.2x	9.1x
RWE	$31.4B	1.1x	5.2x
Datang International	$31.2B	1.8x	6.9x
Cenovus Energy	$30.4B	0.7x	4.3x
Gulf Energy Development	$29.6B	7.9x	36.9x
Adani Power	$28.6B	4.3x	11.2x
Adani Green Energy	$28.1B	20.1x	24.8x
Devon Energy	$27.7B	1.7x	3.7x
Orsted	$27.4B	2.5x	6.0x
Texas Pacific	$27.2B	36.4x	43.2x
Cameco	$26.1B	11.2x	23.5x
Chubu Electric Power	$26.0B	1.0x	9.3x
Verbund	$25.6B	2.9x	7.1x
ADNOC Drilling Company	$25.2B	5.8x	12.1x
Orlen	$25.2B	0.3x	2.9x
Kyushu Electric Power	$24.6B	1.5x	9.2x
ENEOS Holdings	$24.6B	0.3x	6.6x
Eletrobras	$24.2B	3.4x	6.2x
YPF	$23.8B	1.3x	5.0x
Coterra Energy	$23.2B	3.7x	5.6x
Huadian Power	$22.3B	1.4x	7.8x
Repsol	$21.6B	0.3x	2.6x
Bharat Petroleum	$21.5B	0.4x	7.1x
Tata Power	$21.2B	2.7x	13.3x
Dian Swastatika Sentosa	$20.8B	n/a	n/a
Inpex	$20.5B	1.4x	2.2x
Chugoku Electric Power	$19.9B	1.9x	13.4x
Tohoku Electric Power	$19.8B	1.1x	7.2x
EDP Renovaveis	$19.5B	7.1x	10.2x
Tokyo Gas	$19.2B	1.1x	6.9x
Brookfield Renewable	$18.9B	3.2x	7.5x
Santos	$18.7B	3.4x	5.1x
Aker BP	$18.6B	1.5x	1.7x
OMV	$18.2B	0.5x	2.3x
Tourmaline Oil	$17.4B	3.7x	6.4x
GAIL (India)	$16.8B	1.0x	9.7x
Ovintiv	$16.2B	1.9x	3.7x
AltaGas	$15.9B	1.7x	12.3x
Antero Resources	$15.9B	3.3x	10.9x
Shanghai Electric Power	$15.8B	2.6x	n/a
Sunoco	$15.5B	0.7x	9.3x
JSW Energy	$15.3B	9.6x	20.2x
Idemitsu Kosan	$14.4B	0.2x	6.5x
NHPC	$14.3B	11.2x	20.9x
Zheneng Electric	$14.2B	1.2x	6.0x
Galp Energia	$14.2B	0.6x	4.2x
DT Midstream	$13.9B	12.8x	13.4x
Talen Energy	$13.8B	6.3x	15.4x
ARC Resources	$13.8B	3.3x	5.8x
Origin Energy	$13.7B	1.3x	6.2x
Enel Americas	$13.6B	1.0x	3.3x
Chuantou Energy	$13.5B	57.7x	16.8x
Neoenergia	$13.3B	1.7x	6.4x
Power Assets Holdings	$13.3B	108.6x	36.4x
Electric Power	$13.1B	1.5x	7.7x
Neste	$13.0B	0.6x	9.4x
HK Electric	$12.9B	8.3x	11.8x
Permian Resources	$12.4B	2.4x	3.3x
Vår Energi	$12.2B	1.5x	1.9x
BKW	$12.2B	2.2x	9.7x
ACCIONA Energía	$12.2B	3.5x	8.4x
Antero Midstream	$12.2B	10.7x	11.3x
Uniper	$11.9B	0.1x	5.3x
Public Power Corporation	$11.8B	1.1x	5.5x
Raizen	$11.7B	0.3x	5.8x
APA	$11.7B	1.4x	2.1x
PTTEP	$11.4B	1.2x	1.7x
Formosa Petrochemical	$11.0B	0.5x	17.7x
Oil India	$11.0B	2.6x	9.0x
Grupo Energía Bogotá	$10.9B	5.6x	17.2x
Range Resources	$10.8B	4.0x	8.3x
ENN Energy	$10.8B	0.7x	6.3x
HD Hyundai	$10.7B	0.2x	2.7x
Algonquin Power	$10.6B	4.4x	10.0x
Hubei Energy	$10.5B	3.8x	10.8x
National Fuel Gas	$10.3B	4.5x	7.6x
Guangxi Guiguan Electric	$10.2B	7.6x	12.1x
ReNew	$10.1B	8.4x	11.3x
Comstock Resources	$10.0B	6.4x	9.9x
Meridian Energy	$9.6B	3.3x	23.1x
ENGIE Brasil Energia	$9.5B	5.0x	7.5x
HF Sinclair	$9.5B	0.3x	7.6x
Capital Power	$9.3B	3.6x	9.1x
MOL Group	$9.2B	0.4x	2.8x
Shenergy Group	$9.2B	2.2x	6.4x
Aboitiz Power	$9.1B	2.7x	8.9x
Energisa	$9.1B	1.7x	6.6x
S-Oil	$8.8B	0.3x	9.4x
Matador Resources	$8.8B	2.4x	3.7x
Harbour Energy	$8.7B	1.1x	1.7x
Northland Power	$8.7B	5.1x	9.4x
PRIO	$8.7B	3.5x	5.1x
Torrent Power	$8.7B	2.5x	13.7x
Ligga	$8.6B	2.2x	8.9x
Black Hills	$8.5B	3.9x	10.4x
TAQA Morocco	$8.5B	7.1x	22.3x
CEMIG	$8.5B	1.3x	5.9x
Whitecap Resources	$8.5B	2.5x	4.4x
Petronas Gas	$8.2B	5.3x	10.1x
Eneva	$8.1B	4.5x	8.9x
Hess Midstream	$7.9B	5.1x	6.7x
Civitas Resources	$7.7B	1.5x	2.2x
Shaanxi Energy Investment	$7.6B	2.4x	6.4x
OMV Petrom	$7.6B	1.0x	3.9x
Guanghui Energy	$7.5B	1.4x	7.8x
CNX Resources	$7.3B	5.0x	6.7x
Ades Holding	$7.3B	4.3x	8.6x
Oklo	$7.2B	n/a	-115.1x
Guangzhou Development Group	$7.1B	1.1x	n/a
Icahn Enterprises	$7.1B	0.8x	n/a
TAURON	$7.0B	0.8x	4.2x
Jiangsu Guoxin	$7.0B	n/a	n/a
Ormat Technologies	$6.9B	7.6x	12.3x
SJVN	$6.9B	16.9x	22.4x
Guangdong Investment	$6.9B	2.9x	5.9x
Cosmo Energy Holdings	$6.9B	0.4x	5.4x
Innergex	$6.8B	8.3x	12.2x
TransAlta	$6.7B	3.3x	7.7x
Sinopec Oilfield Service	$6.7B	0.6x	n/a
Centrica	$6.6B	0.2x	2.6x
NextDecade	$6.6B	n/a	-40.7x
Kinetik Holdings	$6.5B	4.0x	6.4x
NorthWestern Energy	$6.5B	4.2x	10.9x
Strathcona Resources	$6.4B	2.0x	4.2x
Vista Energy	$6.3B	3.2x	4.8x
INA-Industrija Nafte	$6.2B	n/a	n/a
Delek Group	$6.2B	1.8x	n/a
Chord Energy	$6.2B	1.3x	2.6x
Banpu	$6.2B	1.1x	5.1x
NewMed Energy	$6.1B	6.6x	n/a
Avista	$6.1B	3.2x	n/a
Kunlun Energy	$6.0B	0.2x	2.6x
EVN	$6.0B	1.7x	6.9x
Thaioil	$5.9B	0.4x	8.2x
Tüpraş	$5.9B	0.3x	4.9x
Crescent Energy	$5.9B	1.8x	3.5x
Fuchs	$5.7B	1.4x	9.4x
ALLETE	$5.6B	3.6x	12.5x
Contact Energy	$5.5B	2.8x	12.4x
Viper Energy	$5.5B	5.5x	6.1x
SM Energy	$5.5B	1.9x	2.6x
AGL Energy	$5.4B	0.6x	4.0x
Viva Energy Australia	$5.4B	0.3x	11.5x
Auren Energia	$5.3B	3.1x	10.3x
Fujian Funeng Co	$5.3B	2.6x	6.1x
MEG Energy	$5.3B	1.5x	5.1x
Energean	$5.3B	3.3x	4.8x
Enlight Renewable Energy	$5.3B	n/a	n/a
Boralex	$5.2B	8.6x	10.6x
Romgaz	$5.2B	2.9x	5.5x
Pampa Energia	$5.0B	2.7x	5.9x
ERG	$5.0B	5.6x	8.1x
Northern Oil & Gas	$5.0B	2.2x	3.1x
PBF Energy	$4.9B	0.2x	126.0x
Murphy Oil	$4.8B	1.7x	3.1x
HELLENiQ ENERGY	$4.8B	0.4x	4.8x
Bangchak Corporation	$4.8B	0.3x	4.1x
Motor Oil (Hellas)	$4.8B	0.4x	4.6x
Rede Energia	$4.7B	n/a	n/a
MedcoEnergi	$4.7B	2.0x	3.8x
California Resources	$4.7B	1.5x	4.4x
Mangalore Refinery	$4.7B	0.4x	14.4x
Brava Energia	$4.7B	2.5x	6.0x
PetroVietnam Gas	$4.5B	1.1x	7.5x
Luberef	$4.5B	1.7x	13.3x
ALDREES Petroleum	$4.4B	0.7x	14.3x
Drax Group	$4.3B	0.5x	3.2x
NuScale Power	$4.3B	94.3x	-29.7x
Magnolia Oil & Gas	$4.3B	3.2x	4.5x
Gulfport Energy	$4.2B	3.7x	5.2x
Reliance Power	$4.1B	n/a	n/a
Energa	$4.1B	n/a	n/a
MGE Energy	$4.0B	5.8x	16.1x
ACEN	$4.0B	6.0x	18.9x
Otter Tail	$4.0B	3.0x	8.3x
Opc Energy	$4.0B	n/a	n/a
Energisa Mato Grosso	$4.0B	n/a	n/a
PTT Oil and Retail	$3.9B	0.2x	7.1x
TAESA	$3.9B	n/a	n/a
Ithaca Energy	$3.9B	1.6x	2.4x
Electricity Generating	$3.8B	3.0x	10.8x
Alliance Res Partners	$3.7B	1.6x	5.4x
Delek US Holdings	$3.7B	0.3x	10.6x
B.Grimm Power	$3.7B	2.2x	8.6x
Terna Energy	$3.7B	n/a	n/a
Peyto	$3.6B	4.0x	5.1x
Kosmos Energy	$3.6B	2.2x	3.9x
CVR Energy	$3.6B	0.5x	11.0x
Helmerich & Payne	$3.6B	1.1x	4.1x
Energix-Renewable	$3.6B	n/a	n/a
Pertamina Geothermal	$3.5B	8.4x	10.5x
Scatec	$3.5B	5.5x	7.8x
Ignitis	$3.5B	1.3x	5.9x
Navitas Petroleum	$3.5B	n/a	n/a
Calumet	$3.5B	0.9x	16.0x
SK Gas	$3.4B	0.6x	8.7x
Voltalia	$3.4B	5.4x	13.6x
Patterson-UTI	$3.2B	0.6x	3.0x
Equatorial Para Distribuidora de Energia	$3.0B	n/a	n/a
Vital Energy	$3.0B	1.5x	2.3x
Secure Waste Infr	$2.9B	2.8x	8.0x
Baytex Energy	$2.9B	1.0x	1.9x
Grenergy Renovables	$2.8B	3.9x	14.6x
Lechwerke	$2.8B	n/a	n/a
Par Pacific Holdings	$2.6B	0.4x	11.0x
Orygen Peru	$2.5B	n/a	n/a
Talos Energy	$2.5B	1.3x	2.0x
BlueNord	$2.5B	2.6x	4.5x
Sitio Royalties	$2.4B	4.0x	4.5x
Vermilion Energy	$2.4B	1.5x	2.7x
Genesis Energy New Zealand	$2.3B	1.0x	8.4x
Beach Energy	$2.3B	1.8x	3.1x
OGDC	$2.3B	1.5x	2.4x
Greencoat Renewables	$2.2B	14.4x	18.6x
NuVista Energy	$2.2B	2.3x	4.1x
HighPeak Energy	$2.2B	2.2x	2.8x
PNEGroup	$2.2B	7.6x	26.4x
Solaria Energia	$2.2B	8.7x	9.8x
Tamarack Valley Energy	$2.2B	1.8x	3.0x
Central Puerto	$2.2B	n/a	n/a
Societatea Nationala Nuclearelectrica	$2.1B	1.8x	3.5x
LandBridge	$2.1B	14.2x	15.9x
Mach Natural Resources	$2.1B	2.1x	3.5x
BKV Corporation	$2.0B	2.8x	7.3x
Odfjell Drilling	$2.0B	2.4x	5.1x
International Petroleum	$1.9B	2.5x	6.5x
Empresa Eléctrica Pehuenche	$1.9B	n/a	n/a
Advantage Energy	$1.9B	3.8x	7.2x
Athabasca Oil Corporation	$1.8B	1.9x	4.3x
Bukit Asam	$1.8B	0.7x	4.2x
AKSA Enerji	$1.8B	n/a	n/a
Tsakos Energy Navigation	$1.8B	2.7x	4.6x
Polenergia	$1.8B	1.7x	11.4x
Enefit Green	$1.8B	7.7x	13.6x
Birchcliff Energy	$1.8B	3.5x	5.8x
Shanghai Petrochemical	$1.7B	0.2x	5.5x
Edenor	$1.7B	n/a	n/a
Banpu Power	$1.6B	2.1x	10.0x
Alerion CleanPower	$1.5B	n/a	n/a
Paramount Resources	$1.4B	1.5x	2.9x
Natural Resources	$1.4B	n/a	n/a
Petrolimex	$1.4B	0.1x	6.1x
CropEnergies	$1.3B	n/a	n/a
Dana Gas	$1.3B	3.7x	5.1x
Capex	$1.3B	n/a	n/a
Dorchester Minerals	$1.3B	n/a	n/a
Waaree RTL	$1.2B	n/a	n/a
DNO	$1.1B	1.1x	2.0x
Audax Renovables	$1.1B	0.5x	8.3x
Naturenergie Holding	$1.1B	0.5x	3.6x
Energiekontor	$1.0B	5.6x	9.8x
SP New Energy	$1.0B	n/a	n/a
Maurel & Prom	$1.0B	1.3x	2.9x
Headwater Exploration	$991M	2.3x	3.5x
Verbio	$878M	0.5x	16.5x
Ecoener	$838M	8.0x	15.3x
West Holdings	$794M	2.1x	8.0x
Hallador Energy	$782M	2.0x	33.6x
Arendals Fossekompani	$682M	20.8x	43.6x
Archer	$653M	0.5x	4.2x
ABO Energy	$645M	1.4x	8.2x
HLB Life Science	$592M	n/a	n/a
EnviTec Biogas	$553M	n/a	n/a
Genie Energy	$455M	n/a	n/a
KN Energies	$438M	n/a	n/a
Gevo	$420M	5.9x	-11.1x
Dynagas LNG Partners	$390M	2.6x	n/a
Deutsche Rohstoff	$376M	1.6x	2.2x
OPAL Fuels	$376M	1.2x	4.0x
Edisun Power	$350M	n/a	n/a
Clearvise	$341M	7.7x	12.2x
Petrolina (Hldgs)	$316M	n/a	n/a
Esso	$302M	n/a	n/a
Montauk Renewables	$298M	1.7x	6.9x
Tamboran Resources	$292M	n/a	-11.6x
Infinity Natural Resources	$265M	0.9x	1.2x
Photon Energy	$245M	2.4x	20.2x
Deep Value Driller	$239M	4.2x	4.6x
La Francaise de l'Energie	$222M	6.4x	9.5x
Makpetrol	$212M	n/a	n/a
Gas Plus	$209M	n/a	n/a
Awilco LNG	$193M	n/a	n/a
Orron Energy	$189M	4.9x	52.9x
Enda Enerji	$185M	n/a	n/a
LGI Ltd.	$182M	7.8x	16.7x
Lhyfe	$142M	9.7x	-5.0x
Conpet	$123M	n/a	n/a
A.b.p. Nocivelli	$123M	1.3x	6.8x
Oil Terminal	$109M	n/a	n/a
Okea	$82.9M	0.1x	0.1x
Daldrup & Söhne	$79.5M	1.3x	8.6x
Pyxis Tankers	$76.5M	1.6x	3.3x
Docks Petroles d Ambes	$71.9M	n/a	n/a
Uni-Fuels	$61.5M	n/a	n/a
Dolphin Drilling	$59.0M	0.5x	-3.5x
Bumech	$56.2M	n/a	n/a
Onico	$52.4M	n/a	n/a
Hydrogen De	$38.9M	3.0x	-2.2x
InterOil Explr	$35.4M	n/a	n/a
Crown LNG Holdings	$34.1M	n/a	n/a
Founder Group Limited	$26.7M	n/a	n/a
Toplivo	$25.3M	n/a	n/a
Groupe Okwind	$22.9M	0.4x	44.5x
Eagle Filters Group	$20.6M	n/a	n/a
Ecoslops	$16.2M	n/a	n/a
Verde Clean Fuels	$12.8M	n/a	n/a
Atlantic Petroleum	$12.1M	n/a	n/a
Hunter Group	$7.1M	n/a	n/a
Robin Energy	$6.6M	n/a	n/a
Oil and Gas Explr and Pro	$4.9M	n/a	n/a
Igrene	$3.4M	n/a	n/a
Clean & Carbon Energy	$2.6M	n/a	n/a
Maha Energy	-$41.3M	n/a	n/a
LW Bogdanka	-$66.0M	-0.1x	-0.3x
Imperial Ptrl	-$130M	-0.9x	-2.3x