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	$1.71T	3.9x	7.6x
Exxon Mobil	$530B	1.6x	7.6x
Chevron	$341B	1.8x	8.2x
PetroChina	$258B	0.7x	4.0x
Shell	$257B	0.9x	4.4x
Reliance Industries	$246B	2.2x	12.2x
Enbridge	$182B	4.3x	12.9x
TotalEnergies	$176B	0.9x	4.5x
China Petroleum	$144B	0.3x	5.4x
China Petroleum	$144B	0.3x	5.4x
Petrobras	$141B	1.6x	3.3x
BP	$133B	0.7x	3.6x
ConocoPhillips	$127B	2.1x	5.0x
Energy Transfer	$119B	1.5x	7.4x
CNOOC	$109B	1.9x	3.0x
China Shenhua Energy	$103B	2.4x	7.2x
Enterprise Products	$102B	2.0x	10.3x
TC Energy	$101B	9.3x	12.9x
Williams Companies	$100B	8.9x	13.1x
Kinder Morgan	$92.7B	5.6x	11.2x
Marathon Petroleum	$91.6B	0.7x	8.1x
Canadian Natural Resources	$81.7B	2.9x	6.5x
Eni	$78.3B	0.8x	4.0x
MPLX	$78.1B	6.1x	11.2x
ONEOK	$76.2B	2.4x	9.6x
Phillips 66	$75.7B	0.6x	9.7x
Occidental Petroleum	$70.9B	2.7x	5.2x
Cheniere Energy	$69.8B	3.6x	10.3x
Equinor	$68.2B	0.7x	1.7x
ADNOC Gas	$67.2B	3.5x	8.4x
EOG Resources	$64.0B	2.8x	5.3x
SLB	$63.0B	1.8x	7.4x
Valero Energy	$62.4B	0.5x	8.9x
Suncor Energy	$61.6B	1.8x	5.6x
Diamondback Energy	$58.9B	4.3x	6.0x
Targa Resources	$53.7B	3.1x	11.2x
Imperial Oil	$51.4B	1.4x	9.4x
Baker Hughes	$50.8B	1.9x	10.7x
Venture Global	$50.8B	4.0x	8.6x
ONGC	$48.2B	0.7x	4.2x
Ecopetrol	$47.8B	1.6x	3.9x
PTT	$45.0B	0.5x	3.8x
EQT Corporation	$44.6B	5.6x	8.6x
IndianOil	$41.9B	0.5x	7.6x
Cenovus Energy	$40.7B	1.1x	5.9x
Woodside Energy	$40.4B	3.1x	4.5x
Cheniere Energy Partners	$40.1B	3.8x	11.0x
SK Innovation	$37.8B	0.7x	15.9x
Dian Swastatika Sentosa	$37.4B	n/a	n/a
Orlen	$33.8B	0.4x	3.4x
Pembina Pipeline	$33.2B	6.1x	10.8x
Expand Energy	$32.4B	3.0x	7.0x
Yankuang Energy Gr	$30.9B	1.8x	6.0x
Devon Energy	$29.8B	1.8x	4.0x
Halliburton	$29.1B	1.3x	6.9x
Repsol	$28.3B	0.4x	3.3x
ENEOS Holdings	$28.2B	0.4x	6.8x
Inpex	$26.6B	2.0x	3.1x
YPF	$26.1B	1.5x	5.4x
ADNOC Drilling Company	$24.9B	5.3x	11.5x
Coterra Energy	$23.9B	3.3x	5.2x
Western Midstream	$22.7B	5.9x	9.2x
Aker BP	$22.1B	2.0x	2.3x
Bharat Petroleum	$21.9B	0.4x	6.2x
Neste	$20.8B	0.9x	12.4x
Texas Pacific	$20.6B	27.9x	32.7x
Plains All American Pipeline	$20.4B	0.4x	7.2x
OMV	$19.7B	0.6x	2.6x
Santos	$18.8B	3.6x	5.5x
Tenaris	$18.5B	1.5x	6.4x
TechnipFMC	$18.2B	1.8x	10.3x
Galp Energia	$18.0B	0.8x	5.1x
Tourmaline Oil	$17.8B	4.1x	7.0x
AltaGas	$17.4B	1.9x	13.2x
Sunoco	$17.1B	0.7x	8.6x
Ovintiv	$16.3B	1.8x	3.9x
Idemitsu Kosan	$16.1B	0.3x	10.6x
HD Hyundai	$14.9B	0.3x	3.1x
DT Midstream	$14.8B	12.1x	13.2x
Formosa Petrochemical	$14.7B	0.7x	19.1x
Antero Resources	$14.3B	2.9x	9.1x
PTTEP	$14.1B	1.6x	2.2x
Cosan	$13.9B	0.5x	3.4x
Permian Resources	$13.9B	2.6x	3.6x
Vår Energi	$13.7B	n/a	n/a
China Merchants Energy	$13.3B	3.5x	9.0x
SBM Offshore	$13.0B	2.5x	7.7x
APA	$13.0B	1.5x	2.5x
ARC Resources	$12.8B	3.1x	5.4x
Nakilat	$12.6B	11.7x	15.1x
OMV Petrom	$12.1B	1.6x	6.3x
Whitecap Resources	$12.1B	3.2x	5.7x
HF Sinclair	$12.1B	0.5x	5.8x
COSCO SHIPPING Energy	$12.1B	3.5x	8.4x
Quinenco	$12.0B	1295.5x	n/a
Plains GP Holdings	$12.0B	0.2x	4.2x
Antero Midstream	$11.6B	9.8x	10.4x
Capital Power	$11.6B	4.7x	10.5x
S-Oil	$11.1B	0.5x	15.8x
Oil India	$10.7B	4.4x	9.6x
Comstock Resources	$10.5B	5.8x	10.1x
Range Resources	$10.4B	3.6x	7.6x
National Fuel Gas	$10.1B	4.3x	7.1x
Transocean	$9.9B	2.6x	7.5x
Keyera	$9.8B	1.9x	12.0x
China Oilfield Services	$9.4B	1.3x	5.5x
PRIO	$9.4B	3.7x	6.1x
Frontline	$8.8B	6.8x	9.4x
Sinopec Oilfield Service	$8.8B	0.7x	n/a
Harbour Energy	$8.7B	0.9x	1.4x
Romgaz	$8.6B	4.7x	8.9x
MOL Group	$8.5B	0.3x	2.6x
Matador Resources	$8.4B	2.3x	3.6x
CMB.Tech	$8.3B	5.9x	10.6x
Ades Holding	$8.2B	4.8x	9.1x
Shaanxi Energy Investment	$8.2B	2.6x	6.8x
Delek Group	$8.2B	2.2x	n/a
NextDecade	$8.1B	n/a	-43.5x
Royal Vopak	$8.1B	5.2x	7.7x
Hess Midstream	$8.0B	4.9x	6.4x
Tüpraş	$8.0B	0.4x	5.6x
CNX Resources	$7.8B	4.1x	6.6x
Vista Energy	$7.8B	3.4x	4.9x
Icahn Enterprises	$7.7B	0.8x	n/a
Guangzhou Development Group	$7.6B	1.1x	n/a
DCC	$7.6B	0.3x	6.6x
NewMed Energy	$7.5B	8.5x	n/a
Civitas Resources	$7.5B	1.6x	2.4x
PBF Energy	$7.3B	0.2x	133.7x
Viper Energy	$7.2B	5.4x	5.9x
Gaztransport & Technigaz	$7.2B	7.9x	11.9x
Ampol	$7.1B	0.3x	7.9x
Grupo Ultra	$7.1B	0.3x	5.8x
Cosmo Energy Holdings	$7.0B	0.4x	5.6x
Jereh Group	$6.9B	3.0x	11.7x
Guanghui Energy	$6.9B	1.5x	9.5x
Centrica	$6.8B	0.2x	3.7x
NOV Inc.	$6.7B	0.8x	6.6x
Banpu	$6.7B	1.3x	5.9x
Archrock	$6.6B	4.6x	8.2x
INA-Industrija Nafte	$6.4B	n/a	n/a
Seatrium	$6.4B	0.8x	9.9x
Kinetik Holdings	$6.3B	3.7x	6.3x
Strathcona Resources	$6.3B	2.2x	4.9x
Chord Energy	$6.2B	1.3x	2.7x
Murphy Oil	$6.2B	2.2x	4.1x
Subsea 7	$6.1B	0.9x	4.5x
Saipem	$5.9B	0.3x	3.1x
Weatherford	$5.9B	1.2x	5.5x
HELLENiQ ENERGY	$5.9B	0.4x	5.8x
Ithaca Energy	$5.8B	2.0x	2.8x
Rubis	$5.8B	0.7x	6.8x
Motor Oil (Hellas)	$5.8B	0.5x	5.1x
Thaioil	$5.7B	0.5x	8.1x
Viva Energy Australia	$5.7B	0.3x	12.6x
Crescent Energy	$5.6B	1.6x	2.9x
Kodiak Gas Services	$5.5B	4.3x	7.9x
Worley	$5.5B	0.7x	8.4x
Energean	$5.5B	3.2x	5.2x
USA Compression	$5.4B	5.5x	8.9x
Navitas Petroleum	$5.4B	n/a	n/a
Modec	$5.3B	1.3x	11.4x
Delek US Holdings	$5.1B	0.5x	5.2x
Golar LNG	$5.1B	13.3x	20.1x
Yinson	$5.1B	4.0x	7.5x
MedcoEnergi	$5.1B	2.2x	4.5x
Genesis Energy	$5.0B	2.9x	9.1x
California Resources	$4.9B	1.5x	4.0x
CVR Energy	$4.9B	0.7x	12.1x
Kunlun Energy	$4.9B	0.2x	2.2x
CNOOC Energy Technology	$4.8B	0.6x	4.8x
Gulfport Energy	$4.8B	3.6x	5.6x
Transportadora de Gas del Sur	$4.7B	3.9x	7.4x
Delek Logistics	$4.7B	4.6x	9.5x
Gibson Energy	$4.7B	0.6x	11.0x
SM Energy	$4.7B	1.4x	2.1x
PrairieSky Royalty	$4.6B	13.3x	14.5x
Mangalore Refinery	$4.6B	0.5x	11.5x
Northern Oil & Gas	$4.5B	2.0x	2.8x
Helmerich & Payne	$4.5B	1.2x	4.8x
Valaris	$4.4B	1.9x	7.5x
Bangchak Corporation	$4.4B	0.3x	4.0x
PTT Oil and Retail	$4.4B	0.2x	7.4x
Whitehaven Coal	$4.3B	1.2x	5.5x
Magnolia Oil & Gas	$4.3B	3.3x	4.7x
MyMesra	$4.2B	0.5x	8.9x
PetroVietnam Gas	$4.2B	1.0x	6.5x
Peyto	$4.1B	4.4x	5.7x
Luberef	$4.0B	1.8x	12.9x
Warrior Met Coal	$3.9B	3.0x	15.1x
Diversified Energy	$3.9B	3.3x	6.1x
Brava Energia	$3.9B	1.8x	4.1x
Calumet	$3.9B	0.9x	14.1x
Baytex Energy	$3.8B	1.6x	2.9x
Technip Energies	$3.8B	0.4x	5.0x
Woqod	$3.7B	n/a	n/a
SK Gas	$3.7B	0.7x	7.2x
Yancoal Australia	$3.6B	0.9x	3.2x
Par Pacific Holdings	$3.6B	0.5x	6.2x
Kosmos Energy	$3.6B	2.5x	5.2x
Petronet LNG	$3.6B	0.6x	5.8x
Aegis Vopak Terminals	$3.5B	39.0x	51.6x
Equital	$3.5B	n/a	n/a
Global Partners	$3.5B	0.2x	9.1x
Alliance Res Partners	$3.4B	1.5x	5.0x
Scorpio Tankers	$3.4B	3.6x	6.0x
Patterson-UTI	$3.3B	0.7x	3.6x
Topaz Energy	$3.3B	13.7x	13.9x
Liberty Energy	$3.3B	0.8x	5.4x
Jiangxi Jovo Energy Co	$3.2B	1.0x	9.9x
Mach Natural Resources	$3.1B	2.8x	5.2x
International Seaways	$3.1B	3.8x	6.6x
Tidewater	$3.1B	2.3x	5.2x
Aegis Logistics	$3.1B	3.6x	22.3x
Tamarack Valley Energy	$3.1B	2.7x	4.6x
TORM	$3.0B	3.3x	5.1x
Black Stone Minerals	$3.0B	6.9x	9.1x
Vital Energy	$3.0B	1.5x	2.2x
Arabian Drilling	$2.9B	3.2x	8.5x
BKV Corporation	$2.8B	3.2x	8.6x
OGDC	$2.7B	n/a	n/a
Oceaneering	$2.7B	1.0x	6.9x
Talos Energy	$2.7B	1.5x	2.3x
NuVista Energy	$2.7B	3.0x	5.4x
Petrol Group	$2.6B	n/a	n/a
International Petroleum	$2.6B	3.8x	10.5x
TerraVest Industries	$2.5B	2.5x	13.6x
Athabasca Oil Corporation	$2.5B	2.8x	6.4x
Tullow Oil	$2.5B	2.5x	3.6x
TGS	$2.4B	1.6x	2.7x
Cactus	$2.4B	2.2x	6.9x
AKSA Enerji	$2.4B	n/a	n/a
DHT Holdings	$2.4B	6.3x	8.2x
Odfjell Drilling	$2.4B	2.7x	5.5x
Genesis Energy New Zealand	$2.3B	1.1x	8.8x
Vermilion Energy	$2.3B	1.6x	3.2x
Isramco Negev 2	$2.3B	n/a	n/a
DNO	$2.3B	1.5x	2.5x
BlueNord	$2.2B	2.3x	4.2x
Tsakos Energy Navigation	$2.2B	3.3x	5.6x
Shanghai Petrochemical	$2.2B	0.2x	9.4x
Beach Energy	$2.1B	1.6x	2.9x
New Hope Corp	$2.0B	1.7x	4.3x
Viridien	$2.0B	1.7x	4.0x
Ratio Energies	$2.0B	n/a	n/a
Navigator Gas	$2.0B	3.5x	6.8x
Advantage Energy	$1.9B	3.9x	6.6x
Paramount Resources	$1.9B	3.3x	2.4x
LandBridge	$1.9B	10.3x	11.6x
Birchcliff Energy	$1.9B	3.8x	6.5x
BW Offshore	$1.9B	3.5x	7.1x
ProFrac	$1.8B	0.9x	5.8x
Exxaro Resources	$1.8B	0.8x	3.1x
Excelerate Energy	$1.8B	1.7x	4.3x
Wood	$1.8B	0.3x	4.2x
Tamar Petroleum	$1.7B	n/a	n/a
HighPeak Energy	$1.7B	2.0x	2.6x
National Energy Services	$1.7B	1.3x	6.2x
Atlas Energy Solutions	$1.7B	1.5x	7.2x
Stanmore Resources	$1.7B	0.8x	4.2x
Kimbell Royalty Partners	$1.7B	5.1x	6.1x
World Kinect	$1.6B	0.0x	4.7x
Oil Refineries	$1.6B	n/a	n/a
Organizacion Terpel	$1.6B	n/a	n/a
CrossAmerica Partners	$1.6B	0.5x	11.8x
Nanjing Tanker	$1.6B	2.0x	5.2x
National Gas	$1.6B	n/a	n/a
Alpha Metallurgical	$1.6B	0.7x	9.6x
Dana Gas	$1.6B	5.6x	7.1x
Fugro	$1.6B	0.7x	4.7x
Bukit Asam	$1.6B	0.6x	5.5x
Expro	$1.6B	1.0x	4.4x
Afriquia Gaz	$1.6B	1.5x	9.1x
Fluxys Belgium	$1.6B	2.2x	4.4x
Sable Offshore	$1.5B	n/a	-5.2x
Dorian LPG	$1.5B	3.8x	6.6x
Petrolimex	$1.5B	0.1x	7.4x
Innovex International	$1.4B	1.6x	8.4x
Teekay Tankers	$1.4B	2.2x	4.7x
NIS	$1.4B	n/a	n/a
Natural Resources	$1.4B	n/a	n/a
Aker Solutions	$1.4B	0.2x	2.8x
Headwater Exploration	$1.4B	3.3x	5.2x
CIMC Enric	$1.4B	0.4x	4.6x
Select Water	$1.3B	1.0x	5.3x
COOEC	$1.3B	0.3x	2.4x
Binh Son Refining	$1.3B	0.3x	9.3x
Helix Energy Solutions	$1.2B	1.0x	4.9x
Capex	$1.2B	n/a	n/a
Ramaco Resources	$1.2B	2.2x	28.1x
Tetra Technologies	$1.2B	1.9x	10.6x
SunCoke Energy	$1.2B	0.6x	5.1x
Serica Energy	$1.2B	1.7x	3.0x
EnQuest	$1.1B	1.0x	2.0x
RPC Inc.	$1.1B	0.7x	4.5x
Dorchester Minerals	$1.1B	n/a	n/a
Karoon Energy	$1.0B	1.5x	2.5x
Maurel & Prom	$1.0B	1.6x	3.4x
TXO Partners	$996M	2.7x	6.9x
Granite Ridge Resources	$954M	2.1x	2.9x
Hallador Energy	$936M	2.0x	18.6x
Vitesse Energy	$934M	3.3x	5.1x
Core Laboratories	$855M	1.7x	11.8x
Empresas Lipigas	$794M	n/a	n/a
Rompetrol Rafinare	$777M	n/a	n/a
GeoPark	$775M	1.5x	2.5x
JANAF	$774M	n/a	n/a
Rockhopper Exploration	$702M	n/a	-554.3x
Archer	$665M	0.5x	4.4x
Star Group	$656M	n/a	n/a
Berry Corp	$652M	1.0x	2.7x
Clean Energy Fuels	$631M	1.5x	9.5x
SBO	$615M	1.0x	6.1x
Martin Midstream Partners	$608M	0.9x	6.0x
American Resources	$580M	n/a	n/a
2G Energy	$565M	1.3x	13.8x
Greenfire Resources	$547M	n/a	n/a
Sea1 Offshore	$519M	1.9x	3.5x
VAALCO Energy	$513M	1.4x	2.9x
W&T Offshore	$507M	1.0x	3.5x
Nostrum Oil & Gas	$498M	4.0x	13.6x
Tamboran Resources	$470M	71.5x	-24.2x
KN Energies	$456M	n/a	n/a
Oil States International	$431M	0.6x	5.2x
SandRidge Energy	$429M	2.7x	4.3x
Deutsche Rohstoff	$426M	1.9x	2.8x
Gulf Keystone Petroleum	$423M	2.7x	5.5x
Pantheon Resources	$417M	n/a	-36.6x
NACCO Industries	$416M	1.7x	n/a
Sinopec Kantons Holdings	$378M	4.4x	2.5x
Gas Plus	$377M	n/a	n/a
Kistos Holdings	$357M	1.6x	2.9x
Dynagas LNG Partners	$352M	2.3x	n/a
Amplify Energy	$350M	1.2x	4.4x
Petrolina (Hldgs)	$336M	n/a	n/a
KLX Energy Services Hldgs	$334M	0.5x	4.5x
Prosafe	$323M	2.1x	9.2x
Reach Subsea	$313M	1.2x	2.7x
Jadestone Energy	$291M	0.7x	2.1x
HMS Bergbau	$288M	0.2x	11.2x
Akastor	$286M	6.4x	21.3x
Deep Value Driller	$281M	5.0x	5.2x
La Francaise de l'Energie	$277M	6.9x	12.2x
Infinity Natural Resources	$275M	0.8x	1.2x
Geospace Technologies	$267M	n/a	n/a
PrimeEnergy Resources	$252M	n/a	n/a
Bumech	$231M	n/a	n/a
Makpetrol	$211M	n/a	n/a
Awilco LNG	$210M	n/a	n/a
A.b.p. Nocivelli	$198M	1.8x	9.8x
Indus Gas	$194M	n/a	n/a
Horizon Oil	$192M	1.8x	n/a
Kolibri Global Energy	$191M	3.2x	4.3x
Petrol	$179M	n/a	n/a
Capricorn Energy	$166M	1.2x	2.1x
Drilling Tools Intl	$160M	1.0x	4.3x
Afentra	$160M	1.1x	2.0x
OMS Energy Technologies	$142M	0.7x	2.4x
Smart Sand	$142M	0.5x	3.6x
Eidesvik Offshore	$141M	n/a	n/a
Okea	$129M	0.1x	0.2x
Conpet	$127M	n/a	n/a
Oil Terminal	$122M	n/a	n/a
Epsilon Energy	$122M	3.9x	n/a
NorAm Drilling	$120M	1.2x	5.5x
Daldrup & Söhne	$111M	1.9x	12.1x
Energy World Corp	$108M	n/a	n/a
AleAnna	$106M	n/a	n/a
Vivakor	$103M	1.1x	n/a
TMD Energy	$102M	n/a	n/a
Dolphin Drilling	$93.8M	1.1x	-1.8x
Docks Petroles d Ambes	$90.7M	n/a	n/a
Stabilis Solutions	$87.0M	1.2x	9.7x
Omega Oil & Gas	$84.4M	183.0x	-25.1x
NCS Multistage Holdings	$81.3M	0.5x	3.5x
Bathurst Resources	$80.9M	4.1x	-524.4x
Australian Pacific Coal	$76.7M	n/a	n/a
Maha Capital	$68.0M	12.6x	-13.0x
Pyxis Tankers	$67.3M	1.8x	2.8x
Robit	$46.8M	0.5x	7.0x
InterOil Exploration	$44.1M	n/a	n/a
Toplivo	$32.4M	n/a	n/a
Robin Energy	$30.9M	n/a	n/a
Recon Technology	$29.3M	3.0x	-3.3x
Rompetrol Well Servs	$28.0M	n/a	n/a
Uni-Fuels	$26.3M	n/a	n/a
Onico	$23.2M	n/a	n/a
ElectroMagnetic	$19.7M	n/a	n/a
Delixy Holdings	$18.6M	n/a	n/a
Ecoslops	$17.4M	n/a	n/a
Teekay	$16.1M	n/a	n/a
Hunter Group	$12.6M	n/a	n/a
Atlantic Petroleum	$12.3M	n/a	n/a
Acceleware	$8.6M	n/a	n/a
Petrolia	$5.6M	n/a	n/a
PTL Limited	$4.6M	n/a	n/a
Imperial Ptrl	$4.6M	0.0x	0.1x
Clean & Carbon Energy	$3.0M	n/a	n/a
Igrene	$2.4M	n/a	n/a
Oil and Gas Explr and Pro	$2.2M	n/a	n/a
Condmag	$1.2M	n/a	n/a
Mammoth Energy Services	-$18.0M	-0.1x	n/a
S.D. Standard ETC	-$20.3M	n/a	n/a
LW Bogdanka	-$98.6M	-0.1x	-0.5x
Esso	-$740M	n/a	n/a