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	$1.61T	3.6x	7.2x
Exxon Mobil	$527B	1.6x	7.6x
Chevron	$331B	1.8x	7.9x
PetroChina	$255B	0.6x	3.9x
Shell	$250B	0.9x	4.4x
Reliance Industries	$244B	2.2x	12.1x
Enbridge	$184B	4.2x	12.9x
TotalEnergies	$176B	0.9x	4.5x
China Petroleum	$146B	0.3x	5.5x
China Petroleum	$146B	0.3x	5.5x
Petrobras	$136B	1.6x	3.3x
ConocoPhillips	$133B	2.2x	5.2x
BP	$132B	0.7x	3.6x
Energy Transfer	$118B	1.5x	7.4x
CNOOC	$104B	1.8x	2.9x
Williams Companies	$104B	9.1x	13.5x
Enterprise Products	$103B	2.0x	10.5x
TC Energy	$102B	9.3x	12.9x
China Shenhua Energy	$99.7B	2.3x	6.9x
Kinder Morgan	$93.2B	5.6x	11.2x
Marathon Petroleum	$88.9B	0.7x	7.8x
Canadian Natural Resources	$83.5B	3.0x	6.5x
MPLX	$80.5B	6.2x	11.5x
ONEOK	$79.7B	2.4x	10.0x
Eni	$77.0B	0.8x	4.0x
Phillips 66	$76.3B	0.6x	9.6x
Occidental Petroleum	$69.9B	2.7x	5.2x
ADNOC Gas	$67.4B	3.5x	8.4x
Cheniere Energy	$66.9B	3.4x	9.8x
Equinor	$66.5B	0.7x	1.7x
SLB	$66.4B	1.9x	7.8x
EOG Resources	$64.0B	2.8x	5.2x
Suncor Energy	$61.3B	1.7x	5.4x
Diamondback Energy	$61.2B	4.4x	6.1x
Valero Energy	$59.3B	0.5x	8.2x
Targa Resources	$56.7B	3.3x	11.7x
Baker Hughes	$50.4B	1.8x	10.6x
Ecopetrol	$47.6B	1.5x	3.9x
Venture Global	$47.6B	3.6x	7.8x
Imperial Oil	$46.8B	1.3x	8.5x
PTT	$46.6B	0.5x	3.9x
ONGC	$46.5B	0.7x	4.1x
EQT Corporation	$44.5B	5.4x	8.4x
Dian Swastatika Sentosa	$41.1B	n/a	n/a
Cheniere Energy Partners	$41.0B	3.9x	11.3x
IndianOil	$40.0B	0.5x	7.2x
Cenovus Energy	$39.8B	1.1x	5.6x
Woodside Energy	$39.8B	3.1x	4.5x
SK Innovation	$34.3B	0.6x	14.6x
Pembina Pipeline	$33.9B	6.2x	10.9x
Orlen	$33.3B	0.4x	3.3x
Expand Energy	$32.4B	2.9x	6.8x
Devon Energy	$30.7B	1.8x	4.1x
Halliburton	$30.6B	1.4x	7.3x
Yankuang Energy Gr	$29.7B	1.7x	5.7x
ENEOS Holdings	$29.3B	0.4x	7.2x
Repsol	$27.8B	0.4x	3.1x
Inpex	$27.2B	2.1x	3.2x
ADNOC Drilling Company	$25.5B	5.4x	11.7x
YPF	$25.1B	1.4x	5.1x
Coterra Energy	$24.5B	3.3x	5.2x
Western Midstream	$22.8B	5.9x	9.1x
Aker BP	$21.8B	2.0x	2.3x
Neste	$21.3B	1.0x	12.2x
Bharat Petroleum	$20.8B	0.4x	5.8x
Plains All American Pipeline	$20.7B	0.4x	7.2x
Texas Pacific	$19.7B	24.8x	30.0x
OMV	$19.6B	0.6x	2.6x
Tourmaline Oil	$19.5B	4.5x	7.6x
TechnipFMC	$19.0B	1.9x	10.6x
Santos	$18.7B	3.6x	5.5x
Tenaris	$18.6B	1.5x	6.5x
AltaGas	$17.3B	1.8x	12.9x
Galp Energia	$17.1B	0.7x	4.8x
Ovintiv	$16.9B	1.9x	4.1x
Sunoco	$16.8B	0.7x	8.2x
Idemitsu Kosan	$16.2B	0.3x	10.4x
Quinenco	$15.4B	1621.8x	n/a
DT Midstream	$15.4B	12.5x	13.6x
Antero Resources	$15.1B	3.0x	9.3x
Permian Resources	$14.6B	2.8x	3.8x
PTTEP	$14.4B	1.6x	2.3x
ARC Resources	$14.1B	3.3x	5.8x
Cosan	$13.7B	0.5x	3.5x
Formosa Petrochemical	$13.7B	0.7x	17.5x
HD Hyundai	$13.5B	0.3x	2.8x
APA	$13.5B	1.7x	2.6x
Vår Energi	$13.4B	n/a	n/a
SBM Offshore	$13.0B	2.5x	7.8x
Whitecap Resources	$12.9B	3.2x	5.9x
China Merchants Energy	$12.7B	3.3x	8.5x
Nakilat	$12.2B	11.4x	14.8x
OMV Petrom	$12.2B	1.6x	6.3x
Plains GP Holdings	$12.1B	0.3x	4.3x
Antero Midstream	$12.0B	10.1x	10.7x
Capital Power	$11.9B	4.8x	10.5x
COSCO SHIPPING Energy	$11.0B	3.1x	7.5x
HF Sinclair	$11.0B	0.4x	5.1x
S-Oil	$10.6B	0.5x	15.4x
Comstock Resources	$10.4B	5.5x	9.8x
Transocean	$10.3B	2.6x	7.7x
Range Resources	$10.3B	3.5x	7.3x
Keyera	$10.2B	2.0x	12.4x
National Fuel Gas	$10.2B	4.3x	7.0x
Oil India	$10.0B	4.2x	9.3x
Jereh Group	$9.5B	4.1x	15.8x
Viper Energy	$9.4B	6.8x	7.4x
PRIO	$9.1B	3.7x	6.2x
China Oilfield Services	$9.0B	1.2x	5.3x
Matador Resources	$8.8B	2.5x	3.8x
CMB.Tech	$8.7B	6.2x	11.3x
Romgaz	$8.6B	4.7x	8.7x
MOL Group	$8.4B	0.3x	2.5x
Hess Midstream	$8.3B	5.1x	6.7x
Royal Vopak	$8.3B	4.9x	7.4x
Shaanxi Energy Investment	$8.3B	2.8x	6.3x
Ades Holding	$8.3B	4.8x	9.1x
NextDecade	$8.2B	n/a	-43.9x
Sinopec Oilfield Service	$8.2B	0.7x	n/a
CNX Resources	$8.2B	4.2x	6.8x
Harbour Energy	$8.1B	0.8x	1.2x
Frontline	$8.1B	6.3x	8.5x
Vista Energy	$8.0B	3.3x	4.8x
Delek Group	$7.8B	2.1x	n/a
DCC	$7.7B	0.3x	6.7x
Civitas Resources	$7.6B	1.6x	2.4x
Tüpraş	$7.6B	0.4x	5.2x
Guangzhou Development Group	$7.6B	1.1x	n/a
Icahn Enterprises	$7.5B	0.8x	n/a
Cosmo Energy Holdings	$7.2B	0.4x	5.6x
Ampol	$7.2B	0.3x	7.8x
NewMed Energy	$7.2B	8.2x	n/a
Archrock	$7.0B	4.8x	8.5x
NOV Inc.	$7.0B	0.8x	6.9x
Gaztransport & Technigaz	$7.0B	7.5x	11.3x
Centrica	$7.0B	0.2x	3.9x
Banpu	$6.9B	1.3x	6.2x
Grupo Ultra	$6.7B	0.3x	5.6x
Strathcona Resources	$6.6B	2.4x	5.0x
Guanghui Energy	$6.6B	1.5x	9.4x
Chord Energy	$6.6B	1.4x	2.8x
Kinetik Holdings	$6.6B	3.9x	6.6x
Weatherford	$6.5B	1.3x	6.1x
Murphy Oil	$6.4B	2.3x	4.3x
INA-Industrija Nafte	$6.4B	n/a	n/a
Seatrium	$6.4B	0.8x	9.6x
Subsea 7	$6.3B	0.9x	4.4x
PBF Energy	$6.3B	0.2x	68.0x
Saipem	$6.3B	0.4x	3.3x
HELLENiQ ENERGY	$6.2B	0.5x	5.9x
Motor Oil (Hellas)	$6.0B	0.5x	5.0x
Viva Energy Australia	$6.0B	0.3x	13.1x
Crescent Energy	$5.8B	1.7x	2.9x
Kodiak Gas Services	$5.8B	4.5x	8.3x
Rubis	$5.8B	0.7x	6.8x
Thaioil	$5.7B	0.4x	7.9x
USA Compression	$5.5B	5.5x	9.0x
Worley	$5.5B	0.7x	8.1x
Energean	$5.3B	3.1x	5.0x
Golar LNG	$5.3B	13.6x	20.7x
Navitas Petroleum	$5.2B	n/a	n/a
MedcoEnergi	$5.1B	2.2x	4.4x
Yinson	$5.1B	3.9x	7.2x
Genesis Energy	$5.1B	3.1x	9.3x
Gibson Energy	$5.0B	0.6x	11.7x
Helmerich & Payne	$4.9B	1.3x	5.4x
CNOOC Energy Technology	$4.9B	0.6x	4.9x
Transportadora de Gas del Sur	$4.9B	4.0x	7.6x
California Resources	$4.9B	1.4x	3.9x
Kunlun Energy	$4.9B	0.2x	2.2x
PrairieSky Royalty	$4.8B	13.7x	14.9x
SM Energy	$4.8B	1.5x	2.1x
Delek US Holdings	$4.8B	0.4x	4.3x
Gulfport Energy	$4.7B	3.5x	5.4x
Delek Logistics	$4.7B	4.6x	9.4x
Northern Oil & Gas	$4.7B	2.0x	2.9x
Modec	$4.7B	1.1x	10.1x
Whitehaven Coal	$4.7B	1.3x	5.9x
Valaris	$4.6B	2.0x	7.6x
Bangchak Corporation	$4.5B	0.3x	4.0x
Ithaca Energy	$4.5B	1.5x	2.2x
Luberef	$4.5B	2.0x	14.6x
CVR Energy	$4.5B	0.6x	10.6x
PetroVietnam Gas	$4.4B	1.0x	6.8x
PTT Oil and Retail	$4.4B	0.2x	7.0x
Magnolia Oil & Gas	$4.3B	3.3x	4.7x
Peyto	$4.2B	4.7x	5.8x
Warrior Met Coal	$4.1B	3.1x	16.5x
Mangalore Refinery	$4.1B	0.4x	10.0x
Diversified Energy	$4.0B	2.5x	4.6x
Calumet	$3.9B	1.0x	13.4x
Baytex Energy	$3.9B	1.6x	2.9x
Liberty Energy	$3.8B	1.0x	6.5x
Brava Energia	$3.8B	1.8x	4.0x
Woqod	$3.7B	n/a	n/a
MyMesra	$3.7B	0.4x	7.7x
Yancoal Australia	$3.7B	0.9x	3.3x
Global Partners	$3.5B	0.2x	9.3x
Topaz Energy	$3.5B	14.5x	14.7x
Alliance Res Partners	$3.5B	1.6x	5.1x
Patterson-UTI	$3.5B	0.7x	3.9x
SK Gas	$3.5B	0.7x	6.8x
Equital	$3.5B	n/a	n/a
Kosmos Energy	$3.4B	2.5x	5.6x
Par Pacific Holdings	$3.4B	0.5x	6.0x
Petronet LNG	$3.4B	0.6x	5.6x
Tamarack Valley Energy	$3.4B	2.9x	4.9x
Technip Energies	$3.3B	0.4x	4.4x
BKV Corporation	$3.2B	3.5x	9.7x
Black Stone Minerals	$3.2B	7.3x	9.7x
OGDC	$3.2B	2.3x	n/a
Mach Natural Resources	$3.2B	2.8x	5.3x
Aegis Vopak Terminals	$3.2B	35.2x	46.4x
Oceaneering	$3.1B	1.1x	7.9x
Tidewater	$3.1B	2.3x	5.3x
Scorpio Tankers	$3.1B	3.3x	5.6x
Vital Energy	$3.1B	1.6x	2.3x
Jiangxi Jovo Energy Co	$3.0B	0.9x	9.2x
Arabian Drilling	$2.9B	3.2x	8.7x
Talos Energy	$2.9B	1.6x	2.4x
Aegis Logistics	$2.9B	3.4x	20.9x
TORM	$2.9B	3.1x	4.9x
International Seaways	$2.8B	3.5x	6.1x
NuVista Energy	$2.8B	3.1x	5.5x
AKSA Enerji	$2.8B	n/a	n/a
Cactus	$2.7B	2.6x	7.9x
Athabasca Oil Corporation	$2.7B	3.0x	6.8x
International Petroleum	$2.6B	3.9x	10.9x
Odfjell Drilling	$2.6B	3.0x	6.0x
TerraVest Industries	$2.6B	2.5x	13.6x
Petrol Group	$2.4B	n/a	n/a
Tullow Oil	$2.4B	2.6x	3.7x
Tsakos Energy Navigation	$2.4B	3.7x	6.2x
TGS	$2.4B	1.5x	2.6x
Vermilion Energy	$2.3B	1.6x	3.2x
Genesis Energy New Zealand	$2.3B	1.1x	8.5x
DNO	$2.3B	1.5x	2.5x
Paramount Resources	$2.3B	4.2x	2.7x
DHT Holdings	$2.2B	6.0x	7.7x
Isramco Negev 2	$2.1B	n/a	n/a
BlueNord	$2.1B	2.2x	3.9x
Shanghai Petrochemical	$2.1B	0.2x	9.1x
Advantage Energy	$2.0B	4.0x	6.8x
New Hope Corp	$2.0B	1.7x	4.6x
Beach Energy	$2.0B	1.5x	2.8x
Birchcliff Energy	$2.0B	3.9x	6.7x
ProFrac	$2.0B	1.0x	6.5x
Ratio Energies	$2.0B	n/a	n/a
Navigator Gas	$1.9B	3.4x	6.7x
LandBridge	$1.9B	10.1x	11.4x
BW Offshore	$1.9B	3.6x	7.6x
Alpha Metallurgical	$1.8B	0.8x	12.0x
Excelerate Energy	$1.8B	1.8x	4.3x
Stanmore Resources	$1.8B	1.0x	4.9x
Atlas Energy Solutions	$1.8B	1.7x	8.2x
Wood	$1.8B	0.4x	5.1x
National Energy Services	$1.8B	1.4x	6.4x
Viridien	$1.7B	1.5x	3.3x
HighPeak Energy	$1.7B	2.0x	2.7x
Exxaro Resources	$1.7B	0.7x	2.8x
Sable Offshore	$1.7B	n/a	-5.8x
World Kinect	$1.7B	0.0x	4.8x
Expro	$1.7B	1.0x	4.7x
Organizacion Terpel	$1.7B	n/a	n/a
Fugro	$1.6B	0.7x	5.2x
Oil Refineries	$1.6B	n/a	n/a
CrossAmerica Partners	$1.6B	0.5x	11.7x
Tamar Petroleum	$1.6B	n/a	n/a
Dana Gas	$1.6B	5.3x	7.1x
Kimbell Royalty Partners	$1.6B	4.9x	5.9x
Afriquia Gaz	$1.6B	1.5x	9.2x
National Gas	$1.6B	n/a	n/a
Bukit Asam	$1.6B	0.6x	6.2x
Petrolimex	$1.6B	0.2x	8.2x
Headwater Exploration	$1.5B	3.6x	5.7x
Fluxys Belgium	$1.5B	2.1x	4.3x
Innovex International	$1.5B	1.6x	8.7x
Nanjing Tanker	$1.5B	1.9x	4.8x
Select Water	$1.5B	1.1x	5.9x
Dorian LPG	$1.5B	3.6x	6.1x
NIS	$1.4B	n/a	n/a
Aker Solutions	$1.4B	0.2x	2.8x
Natural Resources	$1.4B	n/a	n/a
CIMC Enric	$1.4B	0.4x	4.6x
Helix Energy Solutions	$1.4B	1.1x	5.3x
Tetra Technologies	$1.3B	2.1x	12.0x
SunCoke Energy	$1.2B	0.7x	5.4x
RPC Inc.	$1.2B	0.7x	4.9x
Capex	$1.2B	n/a	n/a
COOEC	$1.2B	0.3x	2.1x
Teekay Tankers	$1.1B	1.7x	3.8x
Binh Son Refining	$1.1B	0.2x	6.6x
Dorchester Minerals	$1.1B	n/a	n/a
EnQuest	$1.0B	1.0x	2.0x
Maurel & Prom	$1.0B	1.6x	3.5x
Hallador Energy	$1.0B	2.2x	19.4x
Karoon Energy	$999M	1.6x	2.5x
Ramaco Resources	$992M	1.8x	25.0x
Granite Ridge Resources	$974M	2.1x	3.0x
Vitesse Energy	$966M	3.4x	5.2x
Serica Energy	$943M	1.4x	2.7x
TXO Partners	$926M	2.4x	6.4x
Core Laboratories	$924M	1.8x	12.5x
Empresas Lipigas	$878M	n/a	n/a
JANAF	$791M	n/a	n/a
Rompetrol Rafinare	$783M	n/a	n/a
GeoPark	$760M	1.5x	2.5x
Rockhopper Exploration	$743M	n/a	-267.8x
2G Energy	$743M	1.6x	18.3x
Archer	$713M	0.5x	4.7x
Berry Corp	$652M	1.0x	2.7x
Clean Energy Fuels	$649M	1.5x	9.7x
Star Group	$645M	n/a	n/a
SBO	$617M	1.1x	6.7x
Martin Midstream Partners	$614M	0.9x	6.1x
Sea1 Offshore	$546M	2.0x	3.7x
Greenfire Resources	$532M	n/a	n/a
Nostrum Oil & Gas	$526M	4.3x	10.7x
Tamboran Resources	$517M	72.7x	-25.8x
American Resources	$514M	n/a	n/a
W&T Offshore	$495M	1.0x	3.6x
VAALCO Energy	$493M	1.4x	2.9x
KN Energies	$484M	n/a	n/a
Oil States International	$468M	0.7x	5.7x
SandRidge Energy	$452M	2.9x	4.5x
Deutsche Rohstoff	$424M	1.9x	2.8x
Gulf Keystone Petroleum	$414M	2.6x	5.4x
NACCO Industries	$378M	1.6x	n/a
Pantheon Resources	$377M	n/a	-32.5x
Gas Plus	$376M	n/a	n/a
Dynagas LNG Partners	$357M	2.4x	n/a
Prosafe	$351M	2.1x	9.6x
Amplify Energy	$344M	1.2x	4.4x
Kistos Holdings	$340M	1.5x	2.7x
Sinopec Kantons Holdings	$339M	4.0x	2.3x
Petrolina (Hldgs)	$337M	n/a	n/a
KLX Energy Services Hldgs	$333M	0.5x	4.5x
Reach Subsea	$317M	1.2x	2.7x
PrimeEnergy Resources	$313M	n/a	n/a
Infinity Natural Resources	$297M	0.9x	1.2x
Jadestone Energy	$287M	0.7x	2.0x
Deep Value Driller	$285M	5.0x	5.3x
La Francaise de l'Energie	$285M	7.2x	12.3x
Akastor	$280M	6.7x	27.5x
HMS Bergbau	$256M	0.1x	9.8x
XCF Global	$253M	n/a	n/a
Makpetrol	$213M	n/a	n/a
Horizon Oil	$207M	1.9x	n/a
Awilco LNG	$207M	n/a	n/a
A.b.p. Nocivelli	$203M	1.8x	9.9x
Indus Gas	$186M	n/a	n/a
Kolibri Global Energy	$185M	3.1x	4.2x
Bumech	$184M	n/a	n/a
Drilling Tools Intl	$181M	1.1x	4.8x
Petrol	$178M	n/a	n/a
Geospace Technologies	$177M	n/a	n/a
Smart Sand	$175M	0.6x	4.4x
Capricorn Energy	$168M	1.2x	2.1x
Afentra	$141M	1.0x	1.8x
Eidesvik Offshore	$140M	n/a	n/a
Okea	$138M	0.2x	0.3x
Daldrup & Söhne	$132M	2.4x	14.3x
NorAm Drilling	$130M	1.3x	6.0x
Conpet	$127M	n/a	n/a
Oil Terminal	$125M	n/a	n/a
Epsilon Energy	$122M	3.9x	n/a
Omega Oil & Gas	$108M	218.3x	-31.5x
Maha Capital	$106M	20.4x	-20.6x
Dolphin Drilling	$103M	1.2x	-1.9x
TMD Energy	$103M	n/a	n/a
AleAnna	$102M	n/a	n/a
NCS Multistage Holdings	$93.6M	0.5x	4.0x
Stabilis Solutions	$93.1M	1.2x	10.6x
Docks Petroles d Ambes	$89.0M	n/a	n/a
Energy World Corp	$88.3M	n/a	n/a
OMS Energy Technologies	$82.1M	0.4x	1.4x
Australian Pacific Coal	$78.5M	n/a	n/a
Bathurst Resources	$76.4M	3.9x	-154.2x
Pyxis Tankers	$67.3M	1.8x	4.6x
Vivakor	$60.2M	0.7x	n/a
Robit	$46.1M	0.5x	6.9x
InterOil Exploration	$44.0M	n/a	n/a
Toplivo	$32.6M	n/a	n/a
Robin Energy	$31.1M	n/a	n/a
Recon Technology	$30.5M	3.1x	-3.4x
Rompetrol Well Servs	$29.0M	n/a	n/a
Onico	$23.8M	n/a	n/a
ElectroMagnetic	$20.0M	n/a	n/a
Uni-Fuels	$19.3M	n/a	n/a
Hunter Group	$18.8M	n/a	n/a
Ecoslops	$17.5M	n/a	n/a
Delixy Holdings	$16.7M	n/a	n/a
Atlantic Petroleum	$12.5M	n/a	n/a
Acceleware	$9.5M	n/a	n/a
Petrolia	$8.0M	n/a	n/a
Igrene	$3.2M	n/a	n/a
PTL Limited	$3.0M	n/a	n/a
Clean & Carbon Energy	$2.8M	n/a	n/a
Oil and Gas Explr and Pro	$2.1M	n/a	n/a
Condmag	$1.1M	n/a	n/a
Mammoth Energy Services	-$7.4M	-0.0x	n/a
S.D. Standard ETC	-$20.2M	n/a	n/a
Imperial Ptrl	-$38.3M	-0.2x	-0.7x
LW Bogdanka	-$61.5M	-0.1x	-0.4x
Teekay	-$81.9M	n/a	n/a