Fossil Fuels Valuation Multiples and Public Comps

Fossil Fuels

See analyst estimates and all valuation multiples for Fossil Fuels

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Saudi Aramco	$1.72T	3.9x	7.7x
Exxon Mobil	$653B	2.0x	9.4x
Chevron	$398B	2.1x	9.6x
PetroChina	$281B	0.7x	4.2x
Shell	$268B	1.0x	4.7x
Reliance Industries	$226B	2.1x	11.2x
Enbridge	$198B	4.4x	13.6x
TotalEnergies	$196B	1.1x	5.0x
China Petroleum	$159B	0.4x	5.9x
China Petroleum	$158B	0.4x	5.8x
Petrobras	$155B	1.7x	3.5x
ConocoPhillips	$153B	2.5x	6.0x
BP	$133B	0.7x	3.6x
Energy Transfer	$125B	1.5x	7.8x
CNOOC	$124B	2.1x	3.4x
Williams Companies	$118B	10.3x	15.2x
Enterprise Products	$114B	2.2x	11.6x
TC Energy	$112B	10.0x	13.9x
China Shenhua Energy	$105B	2.4x	7.1x
Kinder Morgan	$104B	6.2x	12.5x
Canadian Natural Resources	$96.2B	3.3x	7.3x
Marathon Petroleum	$91.5B	0.7x	8.0x
ONEOK	$86.7B	2.6x	10.7x
Eni	$85.6B	0.8x	4.3x
Phillips 66	$84.3B	0.6x	10.5x
SLB	$82.8B	2.3x	9.8x
MPLX	$82.1B	6.3x	11.7x
Equinor	$81.5B	0.7x	2.0x
Suncor Energy	$74.9B	2.1x	6.6x
Occidental Petroleum	$74.4B	2.8x	5.5x
ADNOC Gas	$72.7B	3.7x	9.1x
Cheniere Energy	$71.6B	3.6x	10.4x
EOG Resources	$70.1B	3.1x	5.8x
Targa Resources	$65.4B	3.9x	13.4x
Diamondback Energy	$64.2B	4.6x	6.3x
Baker Hughes	$62.9B	2.3x	13.2x
Imperial Oil	$59.9B	1.6x	10.7x
Valero Energy	$58.5B	0.5x	8.2x
Venture Global	$54.3B	4.0x	8.6x
Ecopetrol	$52.0B	1.7x	4.3x
PTT	$51.5B	0.6x	4.2x
ONGC	$50.0B	0.7x	4.4x
Cenovus Energy	$47.7B	1.2x	6.5x
EQT Corporation	$44.6B	5.3x	8.3x
Cheniere Energy Partners	$43.5B	4.1x	12.0x
Woodside Energy	$43.1B	3.2x	4.6x
IndianOil	$41.8B	0.5x	7.3x
Orlen	$39.5B	0.5x	3.9x
Pembina Pipeline	$37.0B	6.4x	11.7x
Dian Swastatika Sentosa	$35.5B	n/a	n/a
Yankuang Energy Gr	$35.4B	2.0x	6.8x
ENEOS Holdings	$35.1B	0.5x	8.5x
Devon Energy	$35.0B	2.1x	4.7x
Halliburton	$34.4B	1.6x	8.3x
SK Innovation	$34.3B	0.6x	14.2x
Inpex	$29.8B	2.3x	3.3x
Texas Pacific	$29.3B	36.6x	42.7x
Expand Energy	$29.2B	2.5x	5.9x
Repsol	$29.2B	0.4x	3.2x
Coterra Energy	$27.8B	3.7x	5.8x
Plains All American Pipeline	$25.3B	0.5x	8.8x
TechnipFMC	$25.3B	2.5x	13.9x
YPF	$25.2B	1.4x	4.9x
Aker BP	$25.1B	2.2x	2.6x
ADNOC Drilling Company	$24.9B	5.2x	11.3x
Western Midstream	$24.5B	6.3x	9.7x
Neste	$23.5B	1.0x	12.8x
OMV	$23.4B	0.7x	3.0x
Tenaris	$21.9B	1.8x	7.5x
Bharat Petroleum	$21.5B	0.4x	5.9x
Santos	$20.3B	3.7x	5.7x
Ovintiv	$19.7B	2.2x	4.7x
Idemitsu Kosan	$19.6B	0.4x	12.7x
Tourmaline Oil	$18.9B	4.2x	7.2x
PTTEP	$18.8B	2.1x	2.9x
AltaGas	$18.3B	1.9x	13.4x
Sunoco	$18.0B	0.7x	8.6x
Galp Energia	$17.8B	0.7x	4.9x
China Merchants Energy	$17.6B	4.5x	11.5x
DT Midstream	$16.8B	13.4x	14.7x
Permian Resources	$16.5B	3.1x	4.2x
Quinenco	$15.9B	1544.4x	n/a
HD Hyundai	$15.7B	0.3x	3.1x
COSCO SHIPPING Energy	$15.7B	4.4x	10.6x
Whitecap Resources	$14.4B	3.5x	6.3x
Cosan	$14.4B	0.5x	3.6x
Vår Energi	$14.3B	n/a	n/a
Antero Resources	$14.3B	2.8x	8.6x
SBM Offshore	$14.2B	2.8x	8.5x
APA	$14.0B	1.8x	2.7x
Jereh Group	$13.8B	5.9x	22.5x
Antero Midstream	$13.2B	11.0x	11.8x
ARC Resources	$13.2B	3.0x	5.2x
Formosa Petrochemical	$13.1B	0.7x	16.5x
OMV Petrom	$12.8B	1.7x	6.4x
Plains GP Holdings	$12.7B	0.3x	4.5x
S-Oil	$12.7B	0.5x	17.9x
Transocean	$12.6B	3.2x	9.3x
HF Sinclair	$12.6B	0.5x	5.7x
Nakilat	$12.2B	11.7x	15.3x
Capital Power	$12.0B	4.6x	10.3x
Keyera	$11.7B	2.2x	14.0x
PRIO	$11.6B	4.5x	7.6x
Oil India	$10.9B	4.6x	10.3x
National Fuel Gas	$10.8B	4.6x	7.4x
MOL Group	$10.7B	0.4x	3.0x
China Oilfield Services	$10.5B	1.4x	6.0x
Range Resources	$10.3B	3.4x	7.3x
Romgaz	$10.2B	5.4x	9.5x
Viper Energy	$10.0B	7.1x	7.7x
Sinopec Oilfield Service	$10.0B	0.8x	n/a
Frontline	$9.9B	8.0x	10.4x
CMB.Tech	$9.3B	6.6x	11.9x
Matador Resources	$9.2B	2.6x	3.9x
Royal Vopak	$9.2B	5.3x	8.1x
Harbour Energy	$9.1B	0.9x	1.3x
NewMed Energy	$9.1B	10.3x	12.9x
Delek Group	$8.8B	n/a	n/a
Ades Holding	$8.6B	4.9x	9.3x
Hess Midstream	$8.5B	5.2x	6.8x
Centrica	$8.5B	0.3x	5.0x
Tüpraş	$8.5B	0.4x	5.9x
Comstock Resources	$8.5B	4.4x	7.9x
Shaanxi Energy Investment	$8.4B	2.8x	6.3x
CNX Resources	$8.4B	4.1x	6.9x
Saipem	$8.3B	0.5x	4.2x
Grupo Ultra	$8.3B	0.3x	6.6x
Archrock	$8.3B	5.6x	9.9x
Subsea 7	$8.3B	1.1x	5.5x
Vista Energy	$8.2B	3.3x	4.7x
PetroVietnam Gas	$8.1B	1.7x	11.6x
Weatherford	$7.9B	1.6x	7.6x
NextDecade	$7.9B	n/a	-41.1x
Guangzhou Development Group	$7.8B	1.1x	8.2x
Cosmo Energy Holdings	$7.8B	0.5x	6.0x
NOV Inc.	$7.7B	0.9x	7.7x
Icahn Enterprises	$7.7B	0.8x	n/a
SM Energy	$7.7B	2.3x	3.4x
Gaztransport & Technigaz	$7.6B	7.9x	11.7x
DCC	$7.4B	0.3x	6.3x
Ampol	$7.3B	0.3x	7.3x
Guanghui Energy	$7.2B	1.6x	10.2x
Valaris	$7.1B	3.1x	11.7x
Banpu	$7.1B	1.3x	6.1x
Thaioil	$7.0B	0.5x	9.5x
Kodiak Gas Services	$7.0B	5.3x	9.8x
Kinetik Holdings	$6.9B	4.0x	6.9x
Motor Oil (Hellas)	$6.8B	0.5x	5.1x
Chord Energy	$6.8B	1.4x	2.9x
INA-Industrija Nafte	$6.7B	n/a	n/a
Crescent Energy	$6.7B	1.9x	3.3x
Murphy Oil	$6.6B	2.4x	4.5x
Seatrium	$6.6B	0.8x	9.5x
HELLENiQ ENERGY	$6.5B	0.5x	5.2x
PBF Energy	$6.4B	0.2x	88.5x
Rubis	$6.2B	0.8x	7.1x
California Resources	$6.0B	1.8x	4.8x
Viva Energy Australia	$5.9B	0.3x	11.9x
Yinson	$5.9B	4.7x	8.4x
Worley	$5.8B	0.7x	8.0x
USA Compression	$5.8B	5.8x	9.5x
Kunlun Energy	$5.8B	0.2x	2.6x
Golar LNG	$5.8B	14.6x	22.7x
Whitehaven Coal	$5.6B	1.5x	6.8x
CNOOC Energy Technology	$5.6B	0.7x	5.4x
Navitas Petroleum	$5.5B	n/a	n/a
MedcoEnergi	$5.5B	2.4x	4.6x
Ithaca Energy	$5.4B	1.7x	2.5x
Gibson Energy	$5.4B	0.7x	12.3x
Modec	$5.3B	1.3x	11.5x
Energean	$5.3B	3.0x	4.9x
PrairieSky Royalty	$5.3B	14.7x	16.0x
Delek Logistics	$5.2B	5.0x	10.3x
Genesis Energy	$5.2B	3.3x	9.6x
Helmerich & Payne	$5.1B	1.4x	5.6x
Bangchak Corporation	$5.0B	0.3x	4.4x
Magnolia Oil & Gas	$5.0B	3.8x	5.5x
PTT Oil and Retail	$4.9B	0.2x	7.6x
Northern Oil & Gas	$4.8B	2.1x	3.0x
Liberty Energy	$4.8B	1.3x	8.4x
Peyto	$4.8B	5.2x	6.4x
Delek US Holdings	$4.7B	0.4x	4.0x
Calumet	$4.7B	1.1x	15.5x
Mangalore Refinery	$4.7B	0.5x	11.2x
Luberef	$4.7B	2.1x	15.3x
Gulfport Energy	$4.6B	3.3x	5.2x
Transportadora de Gas del Sur	$4.5B	3.6x	7.0x
Yancoal Australia	$4.5B	1.1x	3.9x
Strathcona Resources	$4.5B	1.6x	3.3x
Warrior Met Coal	$4.5B	3.4x	18.8x
Brava Energia	$4.3B	1.9x	4.4x
MyMesra	$4.2B	0.4x	8.3x
Baytex Energy	$4.2B	1.8x	3.1x
Jiangxi Jovo Energy Co	$4.2B	1.3x	12.5x
Tamarack Valley Energy	$4.0B	3.3x	5.7x
Patterson-UTI	$3.9B	0.8x	4.4x
Woqod	$3.9B	0.5x	16.6x
Diversified Energy	$3.7B	2.3x	4.2x
Petronet LNG	$3.7B	0.7x	6.2x
Kosmos Energy	$3.7B	2.7x	6.3x
Tidewater	$3.7B	2.8x	6.3x
Alliance Res Partners	$3.7B	1.7x	5.4x
Oceaneering	$3.7B	1.3x	9.3x
Global Partners	$3.7B	0.2x	9.7x
Equital	$3.6B	n/a	n/a
Topaz Energy	$3.6B	14.5x	14.7x
International Seaways	$3.6B	4.4x	7.8x
BKV Corporation	$3.5B	3.8x	10.4x
Scorpio Tankers	$3.5B	3.9x	6.8x
OGDC	$3.5B	2.5x	n/a
CVR Energy	$3.5B	0.5x	8.6x
Cactus	$3.5B	3.3x	10.2x
Binh Son Refining	$3.5B	0.7x	18.0x
SK Gas	$3.4B	0.6x	6.5x
Par Pacific Holdings	$3.4B	0.5x	7.5x
Technip Energies	$3.4B	0.4x	4.3x
Mach Natural Resources	$3.3B	2.9x	5.5x
Black Stone Minerals	$3.3B	7.6x	10.2x
TORM	$3.3B	3.6x	5.9x
Talos Energy	$3.1B	1.7x	2.6x
Arabian Drilling	$3.0B	3.2x	8.9x
Athabasca Oil Corporation	$3.0B	3.3x	7.5x
Odfjell Drilling	$3.0B	3.2x	6.4x
AKSA Enerji	$3.0B	3.1x	10.7x
TGS	$2.9B	1.8x	3.1x
International Petroleum	$2.9B	4.3x	12.2x
Petrol Group	$2.9B	0.4x	7.4x
DHT Holdings	$2.9B	7.8x	10.0x
TerraVest Industries	$2.9B	2.7x	14.1x
Aegis Vopak Terminals	$2.8B	31.1x	40.9x
Aegis Logistics	$2.7B	3.1x	19.3x
Shanghai Petrochemical	$2.6B	0.2x	11.5x
New Hope Corp	$2.6B	2.1x	5.6x
CIMC Enric	$2.6B	0.7x	8.4x
Genesis Energy New Zealand	$2.5B	1.1x	8.7x
Tsakos Energy Navigation	$2.5B	3.8x	6.3x
Vermilion Energy	$2.5B	1.6x	3.4x
Tullow Oil	$2.5B	2.7x	3.9x
DNO	$2.5B	1.5x	2.4x
National Energy Services	$2.4B	1.8x	8.6x
Petrolimex	$2.4B	0.2x	12.3x
Excelerate Energy	$2.3B	2.0x	5.1x
Ratio Energies	$2.3B	n/a	n/a
Paramount Resources	$2.2B	4.3x	2.5x
Isramco Negev 2	$2.2B	n/a	n/a
Sable Offshore	$2.2B	30.7x	-7.4x
BW Offshore	$2.2B	4.2x	8.4x
LandBridge	$2.2B	11.1x	12.5x
BlueNord	$2.2B	2.1x	3.8x
ProFrac	$2.1B	1.1x	7.3x
COOEC	$2.1B	0.4x	3.5x
Fugro	$2.1B	0.9x	6.8x
Beach Energy	$2.1B	1.5x	2.7x
Exxaro Resources	$2.1B	0.8x	3.2x
Viridien	$2.0B	1.7x	3.8x
Navigator Gas	$2.0B	3.7x	7.1x
Stanmore Resources	$2.0B	1.0x	5.5x
Atlas Energy Solutions	$2.0B	1.8x	9.4x
Headwater Exploration	$1.9B	4.5x	7.2x
Alpha Metallurgical	$1.9B	0.9x	14.0x
Birchcliff Energy	$1.9B	3.5x	6.0x
Dana Gas	$1.9B	6.2x	8.4x
Advantage Energy	$1.9B	3.5x	6.1x
Expro	$1.8B	1.1x	5.2x
Wood	$1.8B	0.4x	5.3x
World Kinect	$1.8B	0.0x	5.2x
Dorian LPG	$1.8B	4.4x	7.7x
Nanjing Tanker	$1.8B	2.2x	5.8x
Oil Refineries	$1.7B	n/a	n/a
Kimbell Royalty Partners	$1.7B	5.3x	6.4x
Bukit Asam	$1.7B	0.7x	7.9x
National Gas	$1.7B	n/a	n/a
CrossAmerica Partners	$1.7B	0.5x	12.4x
Fluxys Belgium	$1.7B	2.3x	4.7x
Organizacion Terpel	$1.7B	n/a	n/a
Natural Resources	$1.7B	n/a	n/a
Teekay Tankers	$1.7B	2.6x	5.9x
Maurel & Prom	$1.7B	2.7x	5.7x
HighPeak Energy	$1.7B	1.9x	2.6x
Select Water	$1.7B	1.2x	6.5x
Innovex International	$1.6B	1.7x	9.2x
Aker Solutions	$1.6B	0.3x	3.0x
Tetra Technologies	$1.6B	2.6x	14.4x
Afriquia Gaz	$1.6B	1.5x	9.3x
Tamar Petroleum	$1.6B	n/a	n/a
Helix Energy Solutions	$1.5B	1.2x	6.0x
NIS	$1.5B	n/a	n/a
SunCoke Energy	$1.3B	0.7x	5.9x
Serica Energy	$1.2B	1.8x	3.5x
Dorchester Minerals	$1.2B	n/a	n/a
EnQuest	$1.2B	1.1x	2.2x
RPC Inc.	$1.2B	0.7x	4.7x
Empresas Lipigas	$1.1B	n/a	n/a
Capex	$1.0B	n/a	n/a
Core Laboratories	$1.0B	1.9x	13.7x
Karoon Energy	$1.0B	1.5x	2.5x
Ramaco Resources	$999M	1.8x	27.8x
Hallador Energy	$985M	2.1x	18.0x
Vitesse Energy	$961M	3.3x	5.1x
TXO Partners	$957M	2.5x	6.5x
Granite Ridge Resources	$939M	2.0x	2.9x
Greenfire Resources	$883M	n/a	n/a
Rockhopper Exploration	$833M	n/a	-212.6x
Rompetrol Rafinare	$800M	n/a	n/a
GeoPark	$799M	1.6x	2.7x
JANAF	$779M	n/a	n/a
2G Energy	$776M	1.7x	19.0x
Star Group	$759M	n/a	n/a
SBO	$751M	1.3x	8.5x
Archer	$734M	0.5x	4.7x
Clean Energy Fuels	$728M	1.7x	11.0x
VAALCO Energy	$638M	1.8x	3.9x
Sea1 Offshore	$631M	2.2x	4.1x
Martin Midstream Partners	$621M	n/a	6.2x
Oil States International	$621M	0.9x	7.5x
Tamboran Resources	$613M	75.6x	-32.5x
W&T Offshore	$564M	1.1x	4.1x
American Resources	$544M	1014.5x	-33.9x
Nostrum Oil & Gas	$529M	4.3x	n/a
SandRidge Energy	$520M	3.2x	5.1x
KN Energies	$513M	n/a	n/a
Deutsche Rohstoff	$512M	2.3x	3.4x
Gulf Keystone Petroleum	$488M	2.9x	5.7x
NACCO Industries	$449M	n/a	n/a
Kistos Holdings	$411M	1.7x	3.0x
Sinopec Kantons Holdings	$402M	n/a	n/a
Akastor	$369M	9.0x	50.2x
Dynagas LNG Partners	$362M	n/a	n/a
Petrolina (Hldgs)	$351M	n/a	n/a
KLX Energy Services Hldgs	$349M	0.5x	4.8x
Gas Plus	$348M	n/a	n/a
Amplify Energy	$347M	1.2x	4.5x
Reach Subsea	$347M	n/a	n/a
Prosafe	$341M	2.0x	8.8x
Infinity Natural Resources	$328M	0.9x	1.3x
Okea	$302M	0.3x	0.6x
Jadestone Energy	$299M	0.7x	2.0x
La Francaise de l'Energie	$284M	6.9x	11.9x
Deep Value Driller	$281M	4.8x	5.1x
PrimeEnergy Resources	$280M	1.5x	2.6x
HMS Bergbau	$270M	0.2x	10.0x
Horizon Oil	$251M	2.2x	n/a
Smart Sand	$246M	n/a	n/a
Bumech	$231M	n/a	n/a
Capricorn Energy	$226M	1.8x	2.7x
Drilling Tools Intl	$214M	1.4x	5.7x
Makpetrol	$212M	n/a	n/a
Awilco LNG	$201M	n/a	n/a
A.b.p. Nocivelli	$195M	1.7x	9.3x
Afentra	$185M	1.4x	2.5x
Daldrup & Söhne	$179M	3.1x	19.3x
Kolibri Global Energy	$179M	3.0x	4.0x
Petrol	$176M	n/a	n/a
XCF Global	$175M	n/a	n/a
Pantheon Resources	$164M	n/a	-12.7x
Omega Oil & Gas	$160M	285.6x	-43.4x
Maha Capital	$156M	n/a	n/a
Eidesvik Offshore	$153M	n/a	n/a
NorAm Drilling	$143M	1.4x	6.3x
Conpet	$135M	n/a	n/a
Epsilon Energy	$135M	n/a	n/a
Oil Terminal	$129M	n/a	n/a
Geospace Technologies	$115M	n/a	n/a
Stabilis Solutions	$102M	1.4x	11.9x
TMD Energy	$99.4M	n/a	n/a
Dolphin Drilling	$95.8M	n/a	n/a
Teekay	$95.4M	n/a	n/a
Docks Petroles d Ambes	$92.2M	n/a	n/a
NCS Multistage Holdings	$86.5M	0.5x	3.7x
Australian Pacific Coal	$83.8M	n/a	n/a
Bathurst Resources	$78.2M	3.9x	-89.7x
AleAnna	$75.9M	n/a	n/a
Energy World Corp	$73.7M	n/a	n/a
OMS Energy Technologies	$72.1M	0.3x	1.2x
Pyxis Tankers	$71.4M	2.0x	5.1x
Robit	$52.4M	0.5x	7.7x
InterOil Exploration	$43.6M	n/a	n/a
Onico	$36.2M	n/a	n/a
Imperial Ptrl	$34.0M	0.2x	0.6x
Toplivo	$32.8M	n/a	n/a
Uni-Fuels	$30.2M	0.1x	30.7x
Robin Energy	$29.8M	n/a	n/a
Hunter Group	$29.7M	n/a	n/a
Rompetrol Well Servs	$29.4M	n/a	n/a
Recon Technology	$27.2M	2.8x	-2.9x
PTL Limited	$26.6M	n/a	n/a
ElectroMagnetic	$19.7M	n/a	n/a
Igrene	$16.9M	n/a	n/a
Delixy Holdings	$16.0M	n/a	n/a
Ecoslops	$13.1M	n/a	n/a
Atlantic Petroleum	$12.7M	n/a	n/a
Acceleware	$9.7M	n/a	n/a
Petrolia	$9.4M	n/a	n/a
Mammoth Energy Services	$4.7M	n/a	n/a
Clean & Carbon Energy	$3.1M	n/a	n/a
Condmag	$1.2M	n/a	n/a
Oil and Gas Explr and Pro	-$6.2M	n/a	n/a
S.D. Standard ETC	-$12.4M	n/a	n/a
LW Bogdanka	-$38.2M	-0.0x	-0.2x