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	$1.70T	3.9x	7.3x
Exxon Mobil	$465B	1.3x	6.4x
Chevron	$255B	1.3x	5.7x
NextEra Energy	$216B	8.3x	14.4x
Shell	$216B	0.7x	3.4x
PetroChina	$202B	0.5x	3.1x
Iberdrola	$157B	3.2x	8.9x
Enel	$139B	1.6x	5.7x
China Yangtze Power	$139B	11.7x	14.6x
TotalEnergies	$136B	0.7x	3.3x
China Petroleum	$130B	0.3x	4.7x
Petrobras	$128B	1.4x	3.0x
ConocoPhillips	$127B	2.2x	5.0x
TAQA	$110B	7.2x	19.2x
BP	$104B	0.5x	2.7x
CNOOC	$88.0B	1.5x	2.4x
Engie	$84.0B	1.1x	5.1x
China Shenhua Energy	$83.9B	1.8x	5.7x
Cheniere Energy	$72.0B	4.2x	11.3x
Equinor	$71.7B	0.7x	1.7x
Constellation Energy	$70.6B	3.0x	14.0x
Occidental Petroleum	$70.2B	2.6x	5.0x
Canadian Natural Resources	$68.5B	2.6x	5.6x
Marathon Petroleum	$64.0B	0.5x	6.3x
Eni	$61.3B	0.6x	3.2x
ADNOC Gas	$58.1B	2.9x	7.3x
Phillips 66	$58.0B	0.4x	8.4x
EOG Resources	$57.8B	2.4x	4.5x
Vistra	$56.7B	3.2x	9.9x
Huaneng Power	$51.5B	1.5x	7.0x
Diamondback Energy	$51.1B	4.2x	6.0x
ONGC	$48.6B	0.7x	4.2x
CGN Power	$48.2B	4.0x	9.3x
Suncor Energy	$48.0B	1.3x	4.2x
Hess	$48.0B	3.8x	6.7x
Venture Global	$46.2B	6.4x	13.6x
GD Power Development	$46.1B	1.8x	8.7x
PTT	$45.5B	0.5x	3.9x
Ecopetrol	$43.3B	1.4x	3.3x
Valero Energy	$41.7B	0.3x	6.6x
China Three Gorges	$40.6B	9.2x	11.7x
EQT Corporation	$38.8B	6.3x	9.1x
IndianOil	$38.8B	0.4x	10.2x
Huaneng Lancang River	$38.3B	10.6x	13.8x
Tokyo Electric Power	$37.3B	0.8x	n/a
EDP-Energias De Portugal	$36.9B	2.2x	7.0x
China Resources Power	$36.2B	2.7x	7.1x
CEZ	$35.0B	2.4x	6.1x
SDIC Power Holdings	$35.0B	4.3x	8.3x
AES	$34.7B	2.8x	10.2x
Hengli Petrochemical	$33.3B	1.1x	9.4x
SSE	$33.2B	2.7x	7.9x
Imperial Oil	$33.1B	0.9x	5.9x
Kansai Electric Power	$32.5B	1.1x	6.3x
Longyuan Power	$32.3B	6.4x	9.2x
Woodside Energy	$31.1B	2.4x	3.4x
SK Innovation	$31.0B	0.6x	13.3x
China Power	$30.5B	4.1x	8.9x
Datang International	$30.3B	1.7x	7.2x
RWE	$30.0B	1.1x	5.1x
NRG Energy	$29.9B	1.0x	7.8x
Expand Energy	$29.5B	4.8x	9.3x
ENEOS Holdings	$29.1B	0.3x	6.2x
Texas Pacific	$28.0B	36.5x	43.1x
Adani Power	$26.8B	4.1x	10.5x
Devon Energy	$26.7B	1.6x	3.5x
Orsted	$25.8B	2.4x	5.8x
Cenovus Energy	$25.7B	0.6x	3.7x
Verbund	$25.2B	2.9x	7.1x
Chubu Electric Power	$24.7B	1.0x	9.0x
Kyushu Electric Power	$24.5B	1.6x	9.2x
Orlen	$23.9B	0.3x	2.9x
Eletrobras	$23.9B	3.4x	6.1x
ADNOC Drilling Company	$23.4B	5.5x	11.4x
Adani Green Energy	$23.3B	17.1x	21.0x
YPF	$23.0B	1.2x	4.5x
Huadian Power	$22.4B	1.4x	8.2x
Coterra Energy	$21.0B	3.4x	5.3x
Tata Power	$19.7B	2.5x	12.8x
Tohoku Electric Power	$19.6B	1.1x	7.4x
Bharat Petroleum	$19.5B	0.4x	7.0x
Chugoku Electric Power	$19.2B	1.9x	13.6x
Inpex	$18.5B	1.3x	2.0x
Brookfield Renewable	$18.1B	3.7x	8.1x
Repsol	$18.0B	0.3x	2.2x
Tokyo Gas	$17.8B	1.0x	6.9x
Cameco	$17.7B	7.9x	16.9x
EDP Renovaveis	$17.2B	6.6x	9.7x
OMV	$17.1B	0.5x	2.2x
Aker BP	$16.8B	1.3x	1.5x
Shanghai Electric Power	$16.2B	2.7x	n/a
Santos	$16.2B	3.0x	4.5x
Dian Swastatika Sentosa	$15.9B	n/a	n/a
Tourmaline Oil	$15.9B	3.5x	6.1x
AltaGas	$15.6B	1.7x	12.4x
Sunoco	$15.2B	0.7x	9.6x
GAIL (India)	$14.8B	1.0x	8.5x
Ovintiv	$14.8B	1.7x	3.3x
Idemitsu Kosan	$14.7B	0.2x	6.8x
Antero Resources	$14.3B	3.0x	10.7x
Zheneng Electric	$14.3B	1.1x	5.2x
NHPC	$13.4B	10.6x	19.2x
Chuantou Energy	$13.2B	60.0x	16.1x
Electric Power	$13.0B	1.5x	8.3x
Galp Energia	$13.0B	0.6x	3.8x
Power Assets Holdings	$12.9B	103.3x	38.5x
DT Midstream	$12.9B	12.4x	12.6x
JSW Energy	$12.8B	8.6x	18.1x
Origin Energy	$12.8B	1.2x	5.8x
Raizen	$12.7B	0.3x	5.2x
Enel Americas	$12.6B	0.9x	3.1x
HK Electric	$12.3B	7.9x	11.2x
Neoenergia	$12.2B	1.6x	6.1x
ARC Resources	$12.0B	3.1x	5.3x
Vår Energi	$11.8B	1.4x	1.8x
Talen Energy	$11.7B	5.4x	13.6x
Permian Resources	$11.7B	2.3x	3.1x
PTTEP	$11.3B	1.3x	1.7x
Public Power Corporation	$11.0B	1.1x	5.5x
APA	$11.0B	1.3x	1.9x
Uniper	$10.9B	0.1x	4.6x
Antero Midstream	$10.8B	9.7x	10.2x
ACCIONA Energía	$10.6B	3.2x	8.1x
Grupo Energía Bogotá	$10.6B	5.4x	9.5x
Neste	$10.5B	0.5x	7.9x
Algonquin Power	$10.5B	4.5x	10.1x
BKW	$10.2B	1.9x	8.6x
ENN Energy	$10.1B	0.7x	5.9x
Torrent Power	$9.8B	2.8x	15.4x
National Fuel Gas	$9.8B	4.4x	7.4x
Guangxi Guiguan Electric	$9.7B	7.1x	12.0x
Hubei Energy	$9.7B	3.4x	9.3x
ReNew	$9.7B	8.4x	11.1x
Range Resources	$9.5B	3.6x	7.2x
HD Hyundai	$9.5B	0.2x	2.9x
Formosa Petrochemical	$9.4B	0.5x	18.3x
ENGIE Brasil Energia	$9.1B	4.9x	7.4x
Shenergy Group	$9.1B	1.9x	6.2x
Oil India	$8.9B	2.8x	7.0x
Comstock Resources	$8.7B	6.1x	8.9x
Black Hills	$8.6B	3.9x	10.3x
Matador Resources	$8.3B	2.3x	3.4x
Energisa	$8.2B	1.6x	6.1x
S-Oil	$8.2B	0.3x	8.4x
MOL Group	$8.1B	0.3x	2.6x
Northland Power	$8.1B	4.9x	9.0x
Harbour Energy	$8.0B	1.1x	1.7x
PRIO	$7.9B	3.1x	4.4x
Aboitiz Power	$7.9B	2.4x	7.7x
Capital Power	$7.8B	3.2x	8.2x
OMV Petrom	$7.7B	1.0x	3.9x
Hess Midstream	$7.6B	4.9x	6.5x
Ligga	$7.6B	2.0x	7.9x
Shaanxi Energy Investment	$7.6B	2.4x	n/a
Ades Holding	$7.6B	4.5x	9.1x
HF Sinclair	$7.5B	0.3x	6.5x
Eneva	$7.3B	4.3x	7.8x
Guanghui Energy	$7.3B	n/a	n/a
CEMIG	$7.2B	1.1x	4.7x
Petronas Gas	$7.1B	4.8x	9.1x
Civitas Resources	$7.0B	1.4x	1.9x
Tüpraş	$6.9B	0.3x	5.5x
CNX Resources	$6.8B	4.6x	6.3x
Innergex	$6.7B	8.7x	12.7x
Guangzhou Development Group	$6.6B	n/a	n/a
Ormat Technologies	$6.6B	7.3x	11.8x
Guangdong Investment	$6.6B	2.8x	5.4x
Sinopec Oilfield Service	$6.6B	0.6x	n/a
NorthWestern Energy	$6.5B	4.2x	11.4x
Cosmo Energy Holdings	$6.5B	0.3x	4.9x
Jiangsu Guoxin	$6.5B	n/a	n/a
SJVN	$6.4B	17.1x	22.4x
Avista	$6.3B	3.4x	n/a
Chord Energy	$6.3B	1.2x	2.7x
TAURON	$6.2B	0.7x	4.2x
Icahn Enterprises	$6.2B	0.7x	n/a
Delek Group	$6.1B	1.9x	n/a
TransAlta	$6.1B	3.2x	7.1x
Kinetik Holdings	$6.1B	3.9x	6.0x
Viper Energy	$6.0B	6.2x	6.7x
Mercury NZ	$5.9B	2.9x	12.4x
Strathcona Resources	$5.8B	1.6x	3.9x
Banpu	$5.7B	1.1x	5.1x
NextDecade	$5.7B	n/a	-41.9x
INA-Industrija Nafte	$5.7B	n/a	n/a
Centrica	$5.6B	0.2x	2.2x
Veren	$5.5B	1.8x	3.1x
ALLETE	$5.5B	3.6x	12.4x
Thaioil	$5.5B	0.4x	7.8x
Kunlun Energy	$5.4B	0.2x	2.3x
Fujian Funeng Co	$5.4B	2.7x	6.2x
AGL Energy	$5.4B	0.6x	4.0x
NewMed Energy	$5.3B	5.5x	n/a
SM Energy	$5.3B	1.8x	2.5x
TAQA Morocco	$5.2B	4.6x	14.6x
Pampa Energia	$5.2B	2.6x	5.9x
EVN	$5.1B	1.5x	6.1x
Fuchs	$5.0B	1.3x	8.6x
Energean	$4.9B	3.4x	4.9x
Auren Energia	$4.9B	3.4x	11.3x
Viva Energy Australia	$4.9B	0.3x	10.5x
ALDREES Petroleum	$4.7B	0.8x	15.7x
Luberef	$4.7B	1.8x	13.8x
Romgaz	$4.7B	2.7x	5.3x
Boralex	$4.6B	7.8x	9.7x
Bangchak Corporation	$4.6B	0.3x	4.1x
Murphy Oil	$4.6B	1.5x	2.8x
HELLENiQ ENERGY	$4.6B	0.3x	4.5x
Northern Oil & Gas	$4.6B	2.1x	2.9x
Enlight Renewable Energy	$4.6B	n/a	n/a
Vista Energy	$4.5B	2.5x	3.7x
Brava Energia	$4.5B	2.5x	5.8x
Rede Energia	$4.5B	n/a	n/a
Crescent Energy	$4.5B	1.4x	2.7x
ERG	$4.4B	5.3x	7.5x
MedcoEnergi	$4.4B	1.9x	3.5x
Mangalore Refinery	$4.2B	0.4x	15.4x
Motor Oil (Hellas)	$4.2B	0.3x	4.1x
PetroVietnam Gas	$4.2B	1.0x	6.7x
MEG Energy	$4.1B	1.1x	4.0x
MGE Energy	$4.0B	5.9x	16.4x
Otter Tail	$4.0B	3.0x	8.2x
Magnolia Oil & Gas	$4.0B	3.0x	4.1x
California Resources	$4.0B	1.2x	3.8x
Energisa Mato Grosso	$3.9B	n/a	n/a
ACEN	$3.9B	5.8x	19.4x
PTT Oil and Retail	$3.8B	0.2x	7.3x
Gulfport Energy	$3.7B	3.4x	4.7x
Drax Group	$3.7B	0.5x	2.9x
Electricity Generating	$3.7B	3.1x	9.9x
Whitecap Resources	$3.7B	1.4x	2.6x
Ithaca Energy	$3.7B	1.7x	2.5x
Alliance Res Partners	$3.7B	1.5x	5.3x
B.Grimm Power	$3.6B	2.2x	8.5x
TAESA	$3.6B	n/a	n/a
PBF Energy	$3.6B	0.1x	42.5x
Kosmos Energy	$3.5B	2.1x	3.5x
Reliance Power	$3.5B	n/a	n/a
SK Gas	$3.5B	0.7x	10.0x
Terna Energy	$3.5B	n/a	n/a
Scatec	$3.5B	5.7x	7.5x
Ignitis	$3.3B	1.3x	5.9x
Patterson-UTI	$3.3B	0.6x	2.9x
Peyto	$3.3B	3.8x	4.8x
Opc Energy	$3.2B	n/a	n/a
Helmerich & Payne	$3.2B	1.0x	3.5x
Calumet	$3.2B	0.8x	14.8x
Equatorial Para Distribuidora de Energia	$3.1B	n/a	n/a
Navitas Petroleum	$3.1B	n/a	n/a
Vital Energy	$3.0B	1.5x	2.3x
Energix-Renewable	$3.0B	n/a	n/a
Energa	$3.0B	n/a	n/a
Voltalia	$2.9B	4.9x	12.7x
Oklo	$2.9B	n/a	-47.4x
Delek US Holdings	$2.9B	0.3x	8.7x
Lechwerke	$2.9B	n/a	n/a
Baytex Energy	$2.8B	1.0x	1.9x
CVR Energy	$2.7B	0.4x	8.6x
BlueNord	$2.6B	2.8x	4.8x
Talos Energy	$2.4B	1.2x	2.0x
Orygen Peru	$2.4B	n/a	n/a
Secure Waste Infr	$2.3B	2.3x	6.7x
Sitio Royalties	$2.3B	3.7x	4.2x
Shanghai Petrochemical	$2.2B	0.2x	7.3x
Mach Natural Resources	$2.2B	2.2x	3.7x
Genesis Energy New Zealand	$2.2B	1.0x	8.4x
OGDC	$2.2B	1.4x	1.9x
Central Puerto	$2.1B	n/a	n/a
Greencoat Renewables	$2.1B	15.1x	16.3x
Par Pacific Holdings	$2.1B	0.3x	8.8x
Pertamina Geothermal	$2.1B	5.1x	6.3x
Solaria Energia	$2.1B	8.2x	9.6x
HighPeak Energy	$2.1B	2.0x	2.5x
PNEGroup	$2.0B	7.2x	25.7x
Empresa Eléctrica Pehuenche	$2.0B	n/a	n/a
Beach Energy	$1.9B	1.6x	2.8x
Grenergy Renovables	$1.9B	3.2x	10.7x
NuScale Power	$1.9B	45.1x	-15.1x
LandBridge	$1.9B	13.9x	15.5x
Tamarack Valley Energy	$1.8B	1.5x	2.6x
Societatea Nationala Nuclearelectrica	$1.8B	1.6x	3.1x
NuVista Energy	$1.8B	2.0x	3.5x
AKSA Enerji	$1.8B	2.3x	7.9x
Odfjell Drilling	$1.7B	2.1x	4.6x
Paramount Resources	$1.7B	1.7x	3.2x
Bukit Asam	$1.7B	0.8x	3.7x
Enefit Green	$1.7B	7.8x	13.7x
Edenor	$1.7B	0.8x	8.8x
International Petroleum	$1.6B	2.1x	5.3x
Birchcliff Energy	$1.6B	3.3x	5.6x
BKV Corporation	$1.6B	2.3x	5.9x
Vermilion Energy	$1.5B	1.0x	1.8x
Banpu Power	$1.5B	2.1x	10.2x
Advantage Energy	$1.5B	3.4x	6.6x
Athabasca Oil Corporation	$1.5B	1.5x	3.7x
Alerion CleanPower	$1.5B	n/a	n/a
Polenergia	$1.4B	1.3x	9.1x
Dana Gas	$1.4B	3.6x	5.4x
Natural Resources	$1.4B	n/a	n/a
Dorchester Minerals	$1.3B	n/a	n/a
Petrolimex	$1.3B	0.1x	5.9x
Capex	$1.3B	n/a	n/a
CropEnergies	$1.2B	n/a	n/a
Naturenergie Holding	$1.1B	0.6x	3.8x
Waaree RTL	$1.1B	n/a	n/a
DNO	$993M	1.3x	2.2x
Audax Renovables	$991M	0.4x	7.8x
Energiekontor	$958M	5.8x	10.0x
SP New Energy	$936M	n/a	n/a
Maurel & Prom	$854M	1.1x	2.4x
Headwater Exploration	$810M	1.9x	2.9x
Ecoener	$786M	8.2x	15.9x
West Holdings	$750M	2.1x	7.9x
Verbio	$690M	0.4x	9.8x
Hallador Energy	$619M	1.5x	32.1x
ABO Energy	$604M	1.3x	8.2x
EnviTec Biogas	$595M	n/a	n/a
Esso	$585M	n/a	n/a
HLB Life Science	$516M	n/a	n/a
Infinity Natural Resources	$501M	1.7x	2.3x
OPAL Fuels	$325M	1.0x	3.5x
Edisun Power	$321M	n/a	n/a
Montauk Renewables	$315M	1.8x	7.1x
Deutsche Rohstoff	$311M	1.3x	1.8x
Genie Energy	$306M	n/a	n/a
Tamboran Resources	$278M	n/a	-13.0x
Photon Energy	$238M	2.5x	21.1x
La Francaise de l'Energie	$193M	5.9x	8.7x
Uni-Fuels	$185M	n/a	n/a
Orron Energy	$177M	5.0x	28.4x
LGI Ltd.	$171M	7.5x	16.2x
Enda Enerji	$155M	n/a	n/a
Gevo	$154M	2.9x	-3.2x
Lhyfe	$130M	11.4x	-4.5x
Clearvise	$122M	3.0x	4.7x
Verde Clean Fuels	$67.2M	n/a	n/a
Daldrup & Söhne	$66.8M	1.2x	7.5x
Docks Petroles d Ambes	$52.4M	n/a	n/a
Groupe Okwind	$27.9M	0.4x	19.8x
Founder Group Limited	$26.2M	n/a	n/a
Ecoslops	$15.0M	n/a	n/a
Hydrogen De	$12.0M	1.0x	-0.7x