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	$1.59T	3.8x	7.1x
Exxon Mobil	$514B	1.5x	7.3x
Chevron	$347B	1.8x	8.2x
Shell	$249B	0.9x	4.2x
Reliance Industries	$232B	2.1x	11.6x
PetroChina	$223B	0.6x	3.4x
Enbridge	$183B	4.5x	12.9x
TotalEnergies	$170B	0.9x	4.2x
China Petroleum	$139B	0.3x	5.2x
China Petroleum	$139B	0.3x	5.2x
ConocoPhillips	$136B	2.3x	5.4x
Petrobras	$136B	1.5x	3.2x
BP	$127B	0.7x	3.5x
Energy Transfer	$122B	1.5x	7.6x
Enterprise Products	$101B	1.9x	10.2x
Williams Companies	$98.5B	8.7x	13.0x
TC Energy	$97.5B	8.7x	12.2x
CNOOC	$96.2B	1.7x	2.7x
Kinder Morgan	$92.9B	5.7x	11.3x
China Shenhua Energy	$89.2B	2.0x	6.4x
Marathon Petroleum	$84.0B	0.6x	8.1x
Canadian Natural Resources	$80.3B	2.9x	6.3x
ONEOK	$78.1B	2.6x	10.1x
Occidental Petroleum	$77.2B	2.9x	5.7x
Cheniere Energy	$75.4B	3.9x	11.2x
Eni	$74.7B	0.8x	3.8x
Phillips 66	$73.6B	0.5x	10.3x
MPLX	$72.3B	5.8x	10.4x
Equinor	$71.0B	0.7x	1.8x
ADNOC Gas	$67.7B	3.5x	8.5x
EOG Resources	$65.4B	2.8x	5.3x
Venture Global	$62.5B	5.6x	12.0x
SLB	$61.9B	1.7x	7.2x
Suncor Energy	$60.5B	1.7x	5.5x
Valero Energy	$56.6B	0.5x	9.0x
Diamondback Energy	$55.0B	4.2x	5.9x
Targa Resources	$51.8B	2.8x	11.3x
ONGC	$51.6B	0.7x	4.6x
Baker Hughes	$49.5B	1.8x	10.6x
Imperial Oil	$49.4B	1.3x	8.8x
PTT	$48.9B	0.5x	4.0x
Ecopetrol	$45.6B	1.5x	3.7x
Dian Swastatika Sentosa	$42.2B	n/a	n/a
Cheniere Energy Partners	$40.7B	3.9x	11.0x
EQT Corporation	$38.9B	5.1x	7.6x
Woodside Energy	$38.9B	3.1x	4.4x
IndianOil	$38.5B	0.4x	7.8x
SK Innovation	$38.4B	0.7x	16.1x
Cenovus Energy	$37.2B	0.9x	5.4x
Pembina Pipeline	$33.6B	5.9x	10.7x
Devon Energy	$29.4B	1.8x	3.9x
ENEOS Holdings	$28.6B	0.4x	6.9x
Orlen	$28.3B	0.4x	3.0x
Expand Energy	$28.2B	3.0x	6.4x
Yankuang Energy Gr	$27.1B	1.6x	5.2x
ADNOC Drilling Company	$26.5B	5.8x	12.3x
Repsol	$26.2B	0.4x	3.0x
Halliburton	$25.6B	1.2x	6.0x
Inpex	$24.7B	1.8x	2.7x
Coterra Energy	$22.9B	3.3x	5.1x
YPF	$22.1B	1.3x	4.8x
Western Midstream	$21.5B	5.7x	8.9x
Bharat Petroleum	$21.3B	0.4x	6.7x
Texas Pacific	$21.1B	27.0x	31.6x
Santos	$21.1B	3.9x	5.9x
Aker BP	$21.0B	1.9x	2.1x
Neste	$20.7B	0.9x	13.0x
Plains All American Pipeline	$20.7B	0.4x	7.3x
OMV	$18.9B	0.5x	2.4x
Tourmaline Oil	$17.6B	3.8x	6.6x
Ovintiv	$17.5B	1.9x	4.0x
TechnipFMC	$16.7B	1.7x	9.9x
Galp Energia	$16.6B	0.7x	4.8x
AltaGas	$16.4B	1.8x	12.4x
Tenaris	$16.2B	1.3x	5.4x
Idemitsu Kosan	$15.9B	0.3x	9.2x
Sunoco	$15.0B	0.7x	8.2x
PTTEP	$14.5B	1.6x	2.2x
DT Midstream	$14.2B	12.1x	13.1x
Permian Resources	$13.7B	2.6x	3.6x
Antero Resources	$13.6B	2.7x	8.4x
Vår Energi	$13.5B	n/a	n/a
APA	$13.3B	1.5x	2.5x
China Merchants Energy	$13.2B	3.6x	9.1x
HD Hyundai	$12.7B	0.3x	2.8x
Whitecap Resources	$12.5B	3.4x	5.9x
SBM Offshore	$12.5B	2.3x	7.3x
HF Sinclair	$12.1B	0.4x	7.5x
Plains GP Holdings	$12.1B	0.2x	4.3x
Antero Midstream	$12.0B	10.3x	10.9x
COSCO SHIPPING Energy	$11.9B	3.5x	8.5x
Cosan	$11.9B	0.4x	2.9x
ARC Resources	$11.8B	2.7x	4.8x
Nakilat	$11.8B	11.7x	14.7x
Capital Power	$11.7B	4.8x	10.6x
Quinenco	$11.5B	1287.3x	n/a
OMV Petrom	$10.8B	1.4x	5.6x
Formosa Petrochemical	$10.7B	0.5x	18.5x
National Fuel Gas	$10.6B	4.4x	7.5x
Keyera	$10.2B	2.1x	11.7x
Oil India	$10.0B	4.0x	9.0x
Range Resources	$9.9B	3.5x	7.2x
Transocean	$9.4B	2.5x	7.4x
S-Oil	$9.4B	0.4x	12.0x
Matador Resources	$9.3B	2.6x	3.9x
Parkland	$9.2B	0.5x	7.0x
China Oilfield Services	$9.0B	1.3x	5.5x
PRIO	$9.0B	3.5x	5.5x
Hess Midstream	$8.9B	5.5x	7.2x
MOL Group	$8.7B	0.3x	2.6x
Harbour Energy	$8.5B	1.0x	1.4x
Royal Vopak	$8.5B	5.1x	7.7x
Civitas Resources	$8.4B	1.8x	2.6x
Frontline	$8.4B	5.8x	8.8x
CMB.Tech	$8.2B	5.4x	10.2x
Tüpraş	$8.1B	0.4x	6.1x
Comstock Resources	$8.1B	4.7x	7.7x
Shaanxi Energy Investment	$8.0B	2.6x	6.8x
Sinopec Oilfield Service	$8.0B	0.7x	n/a
DCC	$7.8B	0.3x	6.5x
Ades Holding	$7.7B	4.5x	8.7x
Icahn Enterprises	$7.6B	0.9x	n/a
Cosmo Energy Holdings	$7.6B	0.4x	5.8x
Viper Energy	$7.5B	6.0x	6.6x
Guangzhou Development Group	$7.5B	1.1x	n/a
Strathcona Resources	$7.4B	2.5x	5.7x
Chord Energy	$7.1B	1.5x	3.0x
Seatrium	$7.1B	0.9x	11.1x
CNX Resources	$7.1B	4.2x	6.2x
Ampol	$7.1B	0.3x	8.2x
Centrica	$7.0B	0.2x	3.3x
NextDecade	$7.0B	n/a	-38.1x
Delek Group	$6.9B	1.9x	n/a
Grupo Ultra	$6.9B	0.3x	5.8x
Archrock	$6.8B	4.9x	9.0x
Romgaz	$6.8B	3.7x	6.8x
Kinetik Holdings	$6.7B	3.8x	6.5x
NewMed Energy	$6.6B	7.3x	n/a
Subsea 7	$6.6B	0.9x	5.0x
Guanghui Energy	$6.5B	1.3x	7.9x
Gaztransport & Technigaz	$6.4B	7.3x	11.1x
Banpu	$6.4B	1.2x	5.4x
INA-Industrija Nafte	$6.3B	n/a	n/a
Jereh Group	$6.3B	2.8x	10.7x
NOV Inc.	$6.2B	0.7x	6.1x
PBF Energy	$6.2B	0.2x	-154.0x
Saipem	$6.1B	0.3x	3.3x
Vista Energy	$6.1B	2.8x	4.3x
HELLENiQ ENERGY	$6.0B	0.4x	6.0x
MEG Energy	$5.9B	1.8x	6.5x
Worley	$5.8B	0.7x	8.7x
Viva Energy Australia	$5.8B	0.3x	12.8x
Thaioil	$5.8B	0.4x	8.1x
SM Energy	$5.8B	1.8x	2.6x
Murphy Oil	$5.8B	2.1x	3.8x
California Resources	$5.7B	1.7x	4.8x
Crescent Energy	$5.7B	1.7x	3.1x
Rubis	$5.7B	0.7x	6.6x
Motor Oil (Hellas)	$5.6B	0.4x	5.0x
USA Compression	$5.5B	5.6x	9.2x
Kodiak Gas Services	$5.5B	4.3x	8.0x
Weatherford	$5.4B	1.1x	4.8x
Energean	$5.3B	3.1x	4.9x
Golar LNG	$5.2B	14.7x	20.8x
Technip Energies	$5.2B	0.6x	6.8x
Genesis Energy	$5.1B	2.6x	9.1x
Gibson Energy	$5.1B	0.7x	11.6x
Kunlun Energy	$5.1B	0.2x	2.2x
Yinson	$5.0B	3.6x	7.3x
CNOOC Energy Technology	$4.9B	0.6x	5.1x
MedcoEnergi	$4.9B	2.1x	4.1x
Northern Oil & Gas	$4.9B	2.1x	3.1x
Ithaca Energy	$4.8B	1.7x	2.5x
Bangchak Corporation	$4.8B	0.3x	3.9x
Magnolia Oil & Gas	$4.7B	3.6x	5.1x
Navitas Petroleum	$4.7B	n/a	n/a
Delek Logistics	$4.7B	4.7x	9.8x
CVR Energy	$4.6B	0.6x	13.2x
Brava Energia	$4.6B	2.2x	4.9x
PTT Oil and Retail	$4.6B	0.2x	8.0x
MyMesra	$4.5B	0.5x	9.7x
Delek US Holdings	$4.5B	0.4x	10.5x
PrairieSky Royalty	$4.4B	12.0x	13.1x
Valaris	$4.4B	1.9x	7.9x
PetroVietnam Gas	$4.3B	1.1x	6.7x
Whitehaven Coal	$4.2B	1.1x	5.0x
Helmerich & Payne	$4.2B	1.1x	4.6x
Mangalore Refinery	$4.1B	0.4x	11.5x
Petronet LNG	$3.9B	0.7x	6.2x
Diversified Energy	$3.9B	3.7x	7.1x
Luberef	$3.9B	1.6x	12.2x
Calumet	$3.9B	0.9x	15.8x
SK Gas	$3.8B	0.7x	8.3x
Woqod	$3.8B	n/a	n/a
Gulfport Energy	$3.8B	3.0x	4.5x
Global Partners	$3.7B	0.2x	9.2x
Yancoal Australia	$3.7B	0.9x	2.7x
Kosmos Energy	$3.7B	2.4x	4.5x
Transportadora de Gas del Sur	$3.6B	3.1x	5.9x
Peyto	$3.6B	3.9x	5.0x
Baytex Energy	$3.5B	1.4x	2.6x
Alliance Res Partners	$3.4B	1.5x	5.1x
Scorpio Tankers	$3.4B	3.4x	5.4x
Aegis Vopak Terminals	$3.4B	39.4x	52.2x
Aegis Logistics	$3.4B	4.2x	25.3x
Patterson-UTI	$3.3B	0.7x	3.4x
Topaz Energy	$3.3B	13.0x	13.5x
Par Pacific Holdings	$3.2B	0.4x	10.0x
Equital	$3.2B	n/a	n/a
OGDC	$3.2B	n/a	n/a
Warrior Met Coal	$3.1B	2.3x	11.9x
Tidewater	$3.1B	2.3x	5.5x
Vital Energy	$3.0B	1.6x	2.3x
TORM	$3.0B	3.1x	4.7x
Sable Offshore	$2.9B	n/a	-21.8x
Black Stone Minerals	$2.8B	6.6x	8.2x
Petrol Group	$2.8B	n/a	n/a
International Seaways	$2.8B	3.4x	5.9x
TerraVest Industries	$2.8B	2.9x	15.5x
Oceaneering	$2.8B	1.0x	7.2x
Jiangxi Jovo Energy Co	$2.7B	0.8x	8.7x
Tamarack Valley Energy	$2.7B	2.2x	3.8x
Vermilion Energy	$2.6B	1.7x	3.3x
Talos Energy	$2.6B	1.4x	2.2x
Modec	$2.5B	0.6x	5.8x
Tullow Oil	$2.5B	2.1x	3.0x
Arabian Drilling	$2.5B	2.6x	6.8x
Cactus	$2.4B	2.2x	6.9x
NuVista Energy	$2.4B	2.6x	4.5x
Genesis Energy New Zealand	$2.4B	1.1x	8.6x
Odfjell Drilling	$2.4B	2.8x	5.7x
International Petroleum	$2.3B	3.4x	9.0x
Shanghai Petrochemical	$2.3B	0.2x	7.4x
DNO	$2.3B	1.7x	2.9x
Athabasca Oil Corporation	$2.3B	2.4x	5.3x
DHT Holdings	$2.3B	6.0x	8.0x
Liberty Energy	$2.3B	0.6x	3.3x
Mach Natural Resources	$2.2B	2.0x	3.6x
Binh Son Refining	$2.2B	0.5x	19.0x
BlueNord	$2.1B	2.2x	3.8x
TGS	$2.1B	1.5x	2.5x
New Hope Corp	$2.1B	1.8x	4.2x
Beach Energy	$2.1B	1.6x	2.8x
BKV Corporation	$2.1B	2.5x	6.4x
Tsakos Energy Navigation	$2.0B	3.1x	5.3x
AKSA Enerji	$2.0B	n/a	n/a
HighPeak Energy	$2.0B	2.0x	2.6x
Isramco Negev 2	$1.9B	n/a	n/a
Navigator Gas	$1.9B	3.5x	6.5x
Advantage Energy	$1.9B	3.5x	6.4x
ProFrac	$1.9B	0.9x	4.9x
Fugro	$1.9B	0.7x	4.1x
World Kinect	$1.9B	0.0x	5.3x
Atlas Energy Solutions	$1.8B	1.7x	6.8x
BW Offshore	$1.8B	3.3x	6.6x
Dorian LPG	$1.8B	4.6x	8.0x
MRC Global	$1.8B	0.6x	8.8x
Ratio Energies	$1.8B	n/a	n/a
Excelerate Energy	$1.8B	1.9x	4.4x
Paramount Resources	$1.7B	2.4x	2.2x
Ramaco Resources	$1.7B	2.9x	23.8x
Tamar Petroleum	$1.7B	n/a	n/a
Afriquia Gaz	$1.7B	1.7x	9.7x
LandBridge	$1.7B	9.7x	10.9x
Nanjing Tanker	$1.7B	2.1x	5.1x
Kimbell Royalty Partners	$1.7B	5.1x	6.1x
CrossAmerica Partners	$1.6B	0.5x	11.6x
Birchcliff Energy	$1.6B	3.1x	5.3x
Alpha Metallurgical	$1.6B	0.7x	7.3x
Fluxys Belgium	$1.6B	2.2x	4.5x
Organizacion Terpel	$1.6B	n/a	n/a
Stanmore Resources	$1.5B	0.8x	3.5x
Dana Gas	$1.5B	4.6x	6.4x
Viridien	$1.5B	1.3x	3.1x
Oil Refineries	$1.5B	n/a	n/a
Bukit Asam	$1.5B	0.6x	4.6x
Wood	$1.4B	0.2x	3.0x
Expro	$1.4B	0.8x	4.2x
Natural Resources	$1.4B	n/a	n/a
CIMC Enric	$1.4B	0.4x	4.9x
Aker Solutions	$1.4B	0.2x	2.9x
National Gas	$1.4B	n/a	n/a
Petrolimex	$1.3B	0.1x	7.0x
National Energy Services	$1.3B	1.0x	4.4x
Helix Energy Solutions	$1.3B	1.0x	5.0x
Select Water	$1.2B	0.9x	4.9x
Teekay Tankers	$1.2B	1.8x	3.8x
Innovex International	$1.2B	1.4x	7.1x
Headwater Exploration	$1.2B	2.8x	4.4x
Dorchester Minerals	$1.2B	n/a	n/a
COOEC	$1.1B	0.2x	1.9x
Vitesse Energy	$1.1B	3.8x	6.0x
EnQuest	$1.1B	1.0x	1.8x
Karoon Energy	$1.0B	1.5x	2.5x
Granite Ridge Resources	$990M	2.2x	3.1x
Maurel & Prom	$988M	1.4x	3.1x
SunCoke Energy	$980M	0.6x	4.3x
RPC Inc.	$934M	0.6x	4.1x
Serica Energy	$918M	1.2x	2.2x
Indus Gas	$886M	n/a	n/a
Hallador Energy	$841M	2.0x	23.7x
JANAF	$818M	n/a	n/a
Tetra Technologies	$808M	1.3x	7.7x
Capex	$806M	n/a	n/a
TXO Partners	$780M	2.2x	5.4x
Core Laboratories	$750M	1.5x	10.2x
Empresas Lipigas	$744M	n/a	n/a
Gas Arabian Services	$726M	2.2x	21.1x
GeoPark	$725M	1.4x	2.2x
Clean Energy Fuels	$703M	1.7x	10.7x
Berry Corp	$701M	1.0x	2.7x
Archer	$676M	0.5x	4.5x
2G Energy	$663M	1.4x	12.6x
Rockhopper Exploration	$652M	n/a	207.2x
Star Group	$643M	n/a	n/a
Martin Midstream Partners	$615M	0.9x	5.6x
SBO	$597M	1.0x	5.5x
Sea1 Offshore	$562M	1.9x	3.7x
Greenfire Resources	$543M	n/a	n/a
VAALCO Energy	$530M	1.4x	2.6x
Prosafe	$503M	3.4x	16.0x
W&T Offshore	$500M	0.9x	3.0x
Nostrum Oil & Gas	$494M	4.0x	12.7x
KN Energies	$458M	n/a	n/a
Pantheon Resources	$447M	n/a	-46.5x
American Resources	$438M	n/a	n/a
Sinopec Kantons Holdings	$435M	5.1x	3.1x
Oil States International	$429M	0.6x	5.1x
Gulf Keystone Petroleum	$420M	2.7x	5.5x
Tamboran Resources	$393M	102.9x	-19.9x
Deutsche Rohstoff	$392M	1.7x	2.4x
Dynagas LNG Partners	$391M	2.6x	n/a
NACCO Industries	$367M	1.5x	n/a
Petrolina (Hldgs)	$348M	n/a	n/a
Okea	$341M	0.4x	0.6x
SandRidge Energy	$328M	2.2x	3.8x
Reach Subsea	$326M	1.2x	2.8x
Kistos Holdings	$325M	1.4x	2.8x
KLX Energy Services Hldgs	$322M	0.5x	4.4x
Amplify Energy	$312M	1.1x	3.4x
PrimeEnergy Resources	$304M	n/a	n/a
Akastor	$302M	6.2x	14.3x
Gas Plus	$302M	n/a	n/a
Deep Value Driller	$274M	4.8x	5.0x
Bumech	$264M	n/a	n/a
Uni-Fuels	$256M	n/a	n/a
La Francaise de l'Energie	$241M	6.3x	11.1x
Infinity Natural Resources	$236M	0.7x	1.0x
Kolibri Global Energy	$233M	3.6x	4.8x
HMS Bergbau	$233M	0.1x	9.9x
Makpetrol	$216M	n/a	n/a
Geospace Technologies	$210M	n/a	n/a
Awilco LNG	$207M	n/a	n/a
Capricorn Energy	$189M	1.4x	2.1x
Afentra	$176M	1.2x	2.3x
A.b.p. Nocivelli	$167M	1.6x	8.6x
Drilling Tools Intl	$164M	1.1x	4.5x
AleAnna	$153M	n/a	n/a
OMS Energy Technologies	$151M	0.7x	2.5x
Eidesvik Offshore	$146M	n/a	n/a
Conpet	$136M	n/a	n/a
Smart Sand	$123M	0.4x	3.1x
Oil Terminal	$120M	n/a	n/a
Vivakor	$112M	1.2x	n/a
NCS Multistage Holdings	$110M	0.6x	4.7x
NorAm Drilling	$109M	1.1x	5.3x
Epsilon Energy	$107M	3.4x	n/a
Delixy Holdings	$96.2M	n/a	n/a
Dolphin Drilling	$92.7M	0.6x	12.4x
Docks Petroles d Ambes	$88.6M	n/a	n/a
TMD Energy	$85.5M	n/a	n/a
Daldrup & Söhne	$76.5M	1.2x	8.1x
Stabilis Solutions	$72.7M	1.0x	7.9x
Pyxis Tankers	$68.7M	1.7x	4.0x
Maha Capital	$62.0M	10.4x	-11.0x
Robit	$54.3M	0.5x	7.4x
Recon Technology	$49.9M	n/a	n/a
InterOil Exploration	$43.8M	n/a	n/a
ElectroMagnetic	$34.6M	n/a	n/a
Rompetrol Well Servs	$28.6M	n/a	n/a
Toplivo	$23.3M	n/a	n/a
Ecoslops	$18.7M	n/a	n/a
Onico	$16.1M	n/a	n/a
Atlantic Petroleum	$12.5M	n/a	n/a
Hunter Group	$11.1M	n/a	n/a
Acceleware	$9.1M	n/a	n/a
Oil and Gas Explr and Pro	$8.3M	n/a	n/a
Petrolia	$8.3M	n/a	n/a
Robin Energy	$7.8M	n/a	n/a
Clean & Carbon Energy	$3.3M	n/a	n/a
PTL Limited	$2.2M	n/a	n/a
Igrene	$2.0M	n/a	n/a
Condmag	$1.2M	n/a	n/a
S.D. Standard ETC	-$2.2M	n/a	n/a
Mammoth Energy Services	-$8.3M	-0.0x	n/a
Imperial Ptrl	-$55.3M	-0.4x	-1.0x
LW Bogdanka	-$74.3M	-0.1x	-0.3x
Teekay	-$142M	n/a	n/a
Esso	-$200M	n/a	n/a