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	$1.68T	3.9x	7.3x
Exxon Mobil	$492B	1.4x	6.9x
Chevron	$272B	1.4x	6.2x
Shell	$240B	0.8x	3.8x
NextEra Energy	$236B	9.0x	15.7x
PetroChina	$209B	0.5x	3.2x
Iberdrola	$172B	3.3x	9.2x
TotalEnergies	$162B	0.8x	3.8x
Enel	$155B	1.7x	6.0x
China Yangtze Power	$141B	12.0x	15.0x
ConocoPhillips	$135B	2.3x	5.4x
China Petroleum	$135B	0.3x	4.9x
Petrobras	$129B	1.4x	3.1x
BP	$117B	0.6x	3.1x
TAQA	$111B	7.3x	19.4x
Constellation Energy	$97.9B	4.1x	19.7x
CNOOC	$90.3B	1.6x	2.5x
China Shenhua Energy	$87.1B	1.9x	6.0x
Engie	$86.9B	1.0x	5.1x
Canadian Natural Resources	$79.9B	3.0x	6.5x
Marathon Petroleum	$78.4B	0.6x	7.7x
Occidental Petroleum	$75.3B	2.8x	5.5x
Cheniere Energy	$74.4B	4.3x	11.6x
Vistra	$72.2B	3.9x	12.5x
Equinor	$68.5B	0.6x	1.6x
Phillips 66	$68.5B	0.5x	10.1x
Eni	$67.7B	0.7x	3.4x
ADNOC Gas	$63.5B	3.3x	8.0x
EOG Resources	$62.1B	2.7x	5.0x
Diamondback Energy	$54.8B	4.5x	6.6x
Suncor Energy	$53.3B	1.5x	4.6x
Huaneng Power	$52.6B	1.6x	7.0x
Venture Global	$52.1B	6.6x	14.2x
ONGC	$50.6B	0.7x	4.4x
Hess	$50.1B	4.0x	7.2x
Valero Energy	$48.5B	0.4x	7.9x
GD Power Development	$48.5B	2.0x	8.2x
CGN Power	$47.7B	4.0x	9.2x
PTT	$46.8B	0.5x	3.9x
China Three Gorges	$42.5B	9.9x	12.4x
Ecopetrol	$42.2B	1.4x	3.3x
EQT Corporation	$41.8B	6.5x	9.4x
NRG Energy	$41.6B	1.5x	10.8x
Huaneng Lancang River	$40.8B	11.5x	15.4x
Tokyo Electric Power	$40.5B	0.9x	n/a
IndianOil	$39.4B	0.4x	9.0x
Imperial Oil	$39.1B	1.0x	6.9x
EDP-Energias De Portugal	$38.4B	2.2x	7.0x
CEZ	$38.1B	2.5x	6.4x
AES	$37.7B	3.1x	13.7x
China Resources Power	$37.2B	2.7x	7.2x
SSE	$36.1B	2.9x	8.2x
SDIC Power Holdings	$35.3B	4.4x	8.9x
Kansai Electric Power	$34.1B	1.1x	6.6x
Longyuan Power	$33.9B	6.8x	9.6x
Woodside Energy	$33.8B	2.6x	3.7x
Hengli Petrochemical	$33.5B	1.0x	9.5x
Expand Energy	$31.9B	4.7x	9.2x
SK Innovation	$31.8B	0.6x	13.0x
China Power	$31.4B	4.2x	8.9x
RWE	$31.3B	1.1x	5.1x
Gulf Energy Development	$31.3B	8.3x	31.2x
Texas Pacific	$31.3B	41.6x	49.2x
Datang International	$31.2B	1.8x	7.0x
Cenovus Energy	$31.2B	0.7x	4.4x
Devon Energy	$29.7B	1.8x	3.9x
Adani Power	$28.0B	4.3x	11.0x
Orlen	$27.5B	0.3x	3.2x
Verbund	$27.1B	3.0x	7.4x
Adani Green Energy	$26.6B	19.4x	23.7x
Orsted	$26.6B	2.4x	5.8x
Chubu Electric Power	$26.1B	1.0x	9.7x
ADNOC Drilling Company	$25.9B	6.0x	12.5x
Kyushu Electric Power	$24.9B	1.5x	9.3x
Eletrobras	$24.8B	3.5x	6.3x
ENEOS Holdings	$24.6B	0.3x	6.6x
YPF	$23.7B	1.3x	4.8x
Coterra Energy	$23.2B	3.7x	5.7x
Cameco	$23.1B	10.0x	21.1x
Huadian Power	$22.3B	1.4x	7.9x
Repsol	$21.7B	0.4x	2.6x
Bharat Petroleum	$20.9B	0.4x	6.9x
Tata Power	$20.7B	2.6x	13.3x
EDP Renovaveis	$20.2B	7.4x	10.7x
Inpex	$20.1B	1.3x	2.1x
Chugoku Electric Power	$20.0B	1.9x	13.5x
Tohoku Electric Power	$19.9B	1.1x	7.2x
Tokyo Gas	$19.4B	1.1x	7.2x
Brookfield Renewable	$18.9B	3.2x	7.7x
Dian Swastatika Sentosa	$18.7B	n/a	n/a
Aker BP	$18.6B	1.5x	1.7x
OMV	$18.3B	0.5x	2.3x
Santos	$18.2B	3.3x	5.0x
Tourmaline Oil	$17.8B	3.8x	6.7x
Ovintiv	$17.0B	1.9x	3.8x
Antero Resources	$16.6B	3.5x	11.7x
GAIL (India)	$15.9B	1.0x	8.9x
Sunoco	$15.9B	0.7x	9.7x
Idemitsu Kosan	$15.7B	0.3x	7.1x
Shanghai Electric Power	$15.7B	2.6x	n/a
AltaGas	$15.6B	1.7x	12.1x
Galp Energia	$14.5B	0.6x	4.2x
Origin Energy	$14.3B	1.3x	6.3x
Power Assets Holdings	$14.3B	113.5x	47.0x
Enel Americas	$14.1B	1.0x	3.4x
Zheneng Electric	$14.1B	1.2x	6.2x
DT Midstream	$13.8B	13.0x	13.3x
Talen Energy	$13.7B	6.3x	15.5x
Neste	$13.5B	0.6x	9.7x
Chuantou Energy	$13.5B	58.4x	25.7x
NHPC	$13.5B	10.3x	18.5x
Permian Resources	$13.2B	2.6x	3.5x
Electric Power	$13.2B	1.5x	8.1x
ARC Resources	$13.1B	3.3x	5.7x
Raizen	$12.9B	0.3x	5.5x
Neoenergia	$12.9B	1.6x	6.2x
HK Electric	$12.7B	8.1x	11.6x
JSW Energy	$12.5B	8.1x	16.8x
Uniper	$12.1B	0.1x	5.2x
Vår Energi	$12.1B	1.5x	1.9x
APA	$12.1B	1.5x	2.2x
Antero Midstream	$11.9B	10.6x	11.2x
ACCIONA Energía	$11.9B	3.5x	8.5x
Public Power Corporation	$11.9B	1.1x	5.6x
PTTEP	$11.5B	1.3x	1.7x
BKW	$11.3B	2.0x	9.0x
Formosa Petrochemical	$11.3B	0.5x	19.0x
Range Resources	$11.2B	4.2x	8.6x
Algonquin Power	$10.7B	4.5x	10.1x
Grupo Energía Bogotá	$10.7B	5.6x	17.3x
ENN Energy	$10.7B	0.7x	6.2x
HD Hyundai	$10.4B	0.2x	2.7x
Hubei Energy	$10.4B	3.8x	10.8x
National Fuel Gas	$10.1B	4.4x	7.6x
Comstock Resources	$10.0B	6.6x	10.0x
Guangxi Guiguan Electric	$10.0B	7.4x	12.0x
ReNew	$10.0B	8.4x	11.3x
Oil India	$9.9B	3.1x	7.6x
HF Sinclair	$9.5B	0.3x	7.8x
ENGIE Brasil Energia	$9.3B	4.8x	7.3x
Shenergy Group	$9.1B	2.2x	6.6x
MOL Group	$9.1B	0.4x	2.8x
Torrent Power	$9.1B	2.6x	14.3x
Capital Power	$9.1B	3.5x	9.0x
Matador Resources	$9.1B	2.5x	3.8x
Energisa	$9.0B	1.7x	6.5x
S-Oil	$8.7B	0.3x	9.4x
PRIO	$8.6B	3.5x	5.0x
Northland Power	$8.5B	5.0x	9.3x
Harbour Energy	$8.5B	1.1x	1.7x
Black Hills	$8.5B	3.9x	10.4x
Ligga	$8.4B	2.2x	8.6x
Whitecap Resources	$8.4B	2.6x	4.4x
Hess Midstream	$8.1B	5.2x	6.9x
Aboitiz Power	$8.1B	2.4x	7.6x
Civitas Resources	$8.0B	1.6x	2.3x
Eneva	$8.0B	4.4x	8.9x
Petronas Gas	$7.9B	5.2x	9.9x
TAQA Morocco	$7.7B	6.7x	21.0x
Shaanxi Energy Investment	$7.7B	2.4x	6.6x
Icahn Enterprises	$7.6B	0.8x	n/a
CNX Resources	$7.5B	5.2x	6.9x
CEMIG	$7.5B	1.1x	5.2x
Ades Holding	$7.5B	4.4x	8.9x
Guanghui Energy	$7.4B	1.4x	7.7x
OMV Petrom	$7.2B	0.9x	3.7x
Cosmo Energy Holdings	$7.1B	0.4x	5.2x
Guangzhou Development Group	$7.1B	1.1x	n/a
Ormat Technologies	$6.9B	7.6x	12.3x
TAURON	$6.9B	0.8x	4.1x
Jiangsu Guoxin	$6.9B	n/a	n/a
NextDecade	$6.7B	n/a	-41.5x
Guangdong Investment	$6.7B	2.8x	5.7x
Delek Group	$6.7B	2.0x	n/a
Innergex	$6.7B	8.4x	12.3x
Chord Energy	$6.7B	1.3x	2.9x
SJVN	$6.6B	16.7x	22.0x
Sinopec Oilfield Service	$6.6B	0.6x	n/a
TransAlta	$6.5B	3.3x	7.5x
Kinetik Holdings	$6.5B	4.1x	6.4x
Strathcona Resources	$6.5B	1.8x	4.2x
Vista Energy	$6.4B	3.3x	5.0x
Tüpraş	$6.4B	0.3x	5.3x
NorthWestern Energy	$6.4B	4.2x	11.0x
Banpu	$6.2B	1.2x	5.2x
Veren	$6.2B	2.0x	3.4x
Crescent Energy	$6.1B	1.9x	3.6x
Avista	$6.1B	3.2x	n/a
Centrica	$6.1B	0.2x	2.4x
INA-Industrija Nafte	$6.0B	n/a	n/a
NewMed Energy	$6.0B	6.1x	n/a
Viper Energy	$5.9B	6.0x	6.5x
EVN	$5.9B	1.7x	6.8x
Fuchs	$5.7B	1.4x	9.5x
Thaioil	$5.7B	0.4x	7.9x
Kunlun Energy	$5.7B	0.2x	2.4x
SM Energy	$5.7B	2.0x	2.7x
AGL Energy	$5.7B	0.6x	4.2x
ALLETE	$5.6B	3.7x	12.6x
Contact Energy	$5.6B	2.8x	12.5x
Energean	$5.4B	3.4x	4.9x
Viva Energy Australia	$5.4B	0.3x	11.4x
ERG	$5.3B	6.0x	8.6x
PBF Energy	$5.3B	0.2x	137.0x
Auren Energia	$5.3B	3.0x	10.3x
Fujian Funeng Co	$5.2B	2.6x	6.1x
Northern Oil & Gas	$5.2B	2.3x	3.3x
Murphy Oil	$5.1B	1.8x	3.2x
Enlight Renewable Energy	$5.1B	n/a	n/a
Pampa Energia	$5.0B	2.6x	5.7x
Boralex	$5.0B	8.2x	10.2x
HELLENiQ ENERGY	$5.0B	0.4x	4.9x
Bangchak Corporation	$4.9B	0.3x	4.2x
California Resources	$4.8B	1.5x	4.6x
Rede Energia	$4.7B	n/a	n/a
MEG Energy	$4.7B	1.3x	4.6x
Motor Oil (Hellas)	$4.7B	0.4x	4.5x
Romgaz	$4.7B	2.7x	5.3x
PTT Oil and Retail	$4.7B	0.2x	8.5x
Brava Energia	$4.7B	2.5x	6.1x
Luberef	$4.6B	1.8x	13.6x
ALDREES Petroleum	$4.6B	0.8x	15.0x
Magnolia Oil & Gas	$4.5B	3.4x	4.8x
MedcoEnergi	$4.5B	2.0x	3.6x
PetroVietnam Gas	$4.3B	1.1x	6.9x
Mangalore Refinery	$4.3B	0.4x	13.8x
Gulfport Energy	$4.3B	3.8x	5.4x
Oklo	$4.2B	n/a	-70.1x
Energisa Mato Grosso	$4.1B	n/a	n/a
Drax Group	$4.1B	0.5x	3.1x
Electricity Generating	$4.1B	3.2x	11.7x
ACEN	$4.1B	6.1x	19.6x
Otter Tail	$4.1B	3.1x	8.4x
Energa	$4.0B	n/a	n/a
MGE Energy	$4.0B	5.8x	16.1x
Ithaca Energy	$4.0B	1.7x	2.5x
Helmerich & Payne	$3.9B	1.2x	4.4x
B.Grimm Power	$3.9B	2.3x	9.3x
TAESA	$3.9B	n/a	n/a
Kosmos Energy	$3.8B	2.3x	3.8x
Peyto	$3.8B	4.2x	5.4x
Alliance Res Partners	$3.8B	1.6x	5.4x
Reliance Power	$3.7B	n/a	n/a
Opc Energy	$3.7B	n/a	n/a
Terna Energy	$3.7B	n/a	n/a
Energix-Renewable	$3.6B	n/a	n/a
SK Gas	$3.6B	0.7x	9.4x
Ignitis	$3.6B	1.3x	6.0x
Delek US Holdings	$3.6B	0.3x	10.4x
CVR Energy	$3.6B	0.5x	10.8x
Patterson-UTI	$3.5B	0.7x	3.2x
Scatec	$3.5B	5.5x	7.7x
Navitas Petroleum	$3.5B	n/a	n/a
Calumet	$3.4B	0.8x	16.0x
Voltalia	$3.3B	5.2x	13.2x
Equatorial Para Distribuidora de Energia	$3.1B	n/a	n/a
Vital Energy	$3.1B	1.6x	2.4x
Baytex Energy	$3.1B	1.1x	2.0x
Lechwerke	$2.9B	n/a	n/a
NuScale Power	$2.8B	61.1x	-22.0x
Secure Waste Infr	$2.8B	2.7x	7.7x
BlueNord	$2.7B	2.8x	4.5x
Talos Energy	$2.6B	1.4x	2.1x
Sitio Royalties	$2.5B	4.2x	4.7x
Par Pacific Holdings	$2.5B	0.3x	10.4x
Pertamina Geothermal	$2.5B	5.9x	7.4x
Vermilion Energy	$2.5B	1.6x	2.7x
Orygen Peru	$2.4B	n/a	n/a
OGDC	$2.4B	1.6x	2.6x
Grenergy Renovables	$2.4B	3.5x	12.1x
Genesis Energy New Zealand	$2.3B	1.0x	8.6x
HighPeak Energy	$2.3B	2.3x	2.9x
Greencoat Renewables	$2.3B	14.8x	19.1x
LandBridge	$2.2B	15.4x	17.3x
NuVista Energy	$2.2B	2.3x	4.0x
Solaria Energia	$2.2B	8.6x	9.7x
PNEGroup	$2.2B	7.5x	26.1x
Beach Energy	$2.2B	1.8x	3.0x
Mach Natural Resources	$2.2B	2.2x	3.6x
Tamarack Valley Energy	$2.1B	1.7x	2.9x
Central Puerto	$2.0B	n/a	n/a
BKV Corporation	$2.0B	2.9x	7.2x
Paramount Resources	$2.0B	2.1x	4.0x
International Petroleum	$2.0B	2.5x	6.4x
Odfjell Drilling	$1.9B	2.3x	4.9x
AKSA Enerji	$1.9B	2.4x	8.0x
Empresa Eléctrica Pehuenche	$1.9B	n/a	n/a
Tsakos Energy Navigation	$1.8B	2.8x	4.7x
Shanghai Petrochemical	$1.8B	0.2x	5.7x
Birchcliff Energy	$1.8B	3.6x	5.8x
Enefit Green	$1.8B	7.7x	13.5x
Advantage Energy	$1.8B	3.7x	7.1x
Societatea Nationala Nuclearelectrica	$1.7B	1.5x	3.0x
Athabasca Oil Corporation	$1.7B	1.7x	4.1x
Bukit Asam	$1.7B	0.6x	3.9x
Alerion CleanPower	$1.6B	n/a	n/a
Banpu Power	$1.6B	2.1x	10.2x
Edenor	$1.6B	n/a	n/a
Polenergia	$1.5B	1.4x	9.6x
Natural Resources	$1.4B	n/a	n/a
Petrolimex	$1.4B	0.1x	5.9x
Capex	$1.4B	n/a	n/a
Dana Gas	$1.3B	3.8x	5.2x
Dorchester Minerals	$1.3B	n/a	n/a
CropEnergies	$1.3B	n/a	n/a
Waaree RTL	$1.2B	n/a	n/a
Naturenergie Holding	$1.2B	0.6x	3.8x
Energiekontor	$1.1B	6.2x	10.8x
DNO	$1.1B	1.5x	2.2x
Audax Renovables	$1.1B	0.5x	8.3x
SP New Energy	$1.0B	n/a	n/a
Maurel & Prom	$1.0B	1.3x	2.9x
Headwater Exploration	$984M	2.3x	3.5x
Verbio	$890M	0.5x	13.3x
Ecoener	$823M	8.0x	15.3x
Hallador Energy	$821M	2.0x	40.1x
West Holdings	$809M	2.2x	8.2x
Arendals Fossekompani	$681M	20.8x	43.4x
ABO Energy	$673M	1.4x	8.6x
EnviTec Biogas	$669M	n/a	n/a
Archer	$584M	0.4x	3.8x
HLB Life Science	$578M	n/a	n/a
Esso	$569M	n/a	n/a
Infinity Natural Resources	$539M	1.8x	2.4x
KN Energies	$451M	n/a	n/a
Dynagas LNG Partners	$394M	2.6x	n/a
Deutsche Rohstoff	$378M	1.6x	2.2x
Genie Energy	$354M	n/a	n/a
Montauk Renewables	$349M	2.0x	8.0x
Edisun Power	$346M	n/a	n/a
Clearvise	$342M	7.8x	12.3x
OPAL Fuels	$329M	1.0x	3.5x
Petrolina (Hldgs)	$314M	n/a	n/a
Tamboran Resources	$258M	n/a	-10.4x
Photon Energy	$242M	2.3x	18.3x
Deep Value Driller	$231M	4.1x	4.4x
Makpetrol	$218M	n/a	n/a
La Francaise de l'Energie	$218M	6.2x	9.3x
Enda Enerji	$208M	n/a	n/a
Awilco LNG	$199M	n/a	n/a
Orron Energy	$193M	5.0x	50.5x
Gas Plus	$192M	n/a	n/a
LGI Ltd.	$187M	7.9x	17.2x
Gevo	$178M	2.6x	-4.4x
Uni-Fuels	$165M	n/a	n/a
Lhyfe	$145M	10.6x	-5.1x
Conpet	$127M	n/a	n/a
A.b.p. Nocivelli	$119M	1.4x	7.0x
Oil Terminal	$104M	n/a	n/a
Okea	$80.9M	0.1x	0.1x
Pyxis Tankers	$79.8M	1.7x	3.5x
Daldrup & Söhne	$78.3M	1.3x	8.5x
Docks Petroles d Ambes	$67.6M	n/a	n/a
Dolphin Drilling	$62.8M	0.6x	-2.5x
Crown LNG Holdings	$58.8M	n/a	n/a
Bumech	$54.5M	n/a	n/a
Verde Clean Fuels	$54.0M	n/a	n/a
Onico	$44.4M	n/a	n/a
Hydrogen De	$40.6M	3.1x	-2.3x
InterOil Explr	$35.5M	n/a	n/a
Founder Group Limited	$30.3M	n/a	n/a
Toplivo	$24.6M	n/a	n/a
Eagle Filters Group	$20.7M	n/a	n/a
Groupe Okwind	$20.6M	0.3x	39.5x
Ecoslops	$15.2M	n/a	n/a
Atlantic Petroleum	$12.2M	n/a	n/a
Oil and Gas Explr and Pro	$8.4M	n/a	n/a
Robin Energy	$6.7M	n/a	n/a
Hunter Group	$6.0M	n/a	n/a
Igrene	$3.6M	n/a	n/a
Clean & Carbon Energy	$3.1M	n/a	n/a
LW Bogdanka	-$10.5M	-0.0x	-0.0x
Maha Energy	-$22.9M	n/a	n/a
Imperial Ptrl	-$115M	-0.8x	-2.0x