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	3.7x	7.2x
Exxon Mobil	$520B	1.6x	7.5x
Chevron	$339B	1.8x	8.1x
PetroChina	$263B	0.7x	4.0x
Shell	$253B	0.9x	4.4x
Reliance Industries	$249B	2.2x	12.3x
Enbridge	$183B	4.3x	12.9x
TotalEnergies	$177B	0.9x	4.5x
China Petroleum	$147B	0.4x	5.5x
China Petroleum	$147B	0.4x	5.5x
Petrobras	$138B	1.6x	3.2x
BP	$133B	0.7x	3.6x
ConocoPhillips	$129B	2.1x	5.1x
Energy Transfer	$118B	1.5x	7.4x
CNOOC	$109B	1.9x	3.0x
Enterprise Products	$104B	2.0x	10.5x
Williams Companies	$103B	9.1x	13.4x
China Shenhua Energy	$103B	2.4x	7.1x
TC Energy	$100B	9.2x	12.8x
Kinder Morgan	$93.1B	5.6x	11.2x
Marathon Petroleum	$90.5B	0.7x	7.9x
Canadian Natural Resources	$82.3B	2.9x	6.5x
MPLX	$80.2B	6.2x	11.4x
ONEOK	$78.9B	2.4x	9.9x
Eni	$77.2B	0.8x	4.0x
Phillips 66	$76.2B	0.6x	9.6x
Occidental Petroleum	$70.7B	2.7x	5.2x
Cheniere Energy	$69.5B	3.6x	10.2x
Equinor	$65.7B	0.6x	1.7x
ADNOC Gas	$64.9B	3.3x	8.1x
EOG Resources	$64.1B	2.8x	5.3x
SLB	$63.9B	1.8x	7.5x
Suncor Energy	$61.1B	1.7x	5.5x
Valero Energy	$60.9B	0.5x	8.5x
Diamondback Energy	$60.8B	4.4x	6.1x
Targa Resources	$55.2B	3.3x	11.5x
Baker Hughes	$52.9B	1.9x	11.1x
Imperial Oil	$48.8B	1.4x	9.0x
Ecopetrol	$48.3B	1.5x	3.8x
Venture Global	$48.3B	3.7x	8.0x
ONGC	$47.4B	0.7x	4.1x
PTT	$46.0B	0.5x	3.9x
EQT Corporation	$45.8B	5.6x	8.7x
Dian Swastatika Sentosa	$43.7B	n/a	n/a
Cheniere Energy Partners	$41.2B	3.9x	11.3x
IndianOil	$40.1B	0.5x	7.2x
Woodside Energy	$40.0B	3.1x	4.5x
Cenovus Energy	$39.1B	1.0x	5.6x
SK Innovation	$34.3B	0.6x	14.6x
Expand Energy	$33.4B	3.1x	7.1x
Orlen	$33.3B	0.4x	3.3x
Pembina Pipeline	$33.2B	6.1x	10.7x
Devon Energy	$31.0B	1.9x	4.2x
Yankuang Energy Gr	$30.4B	1.7x	5.9x
Halliburton	$29.0B	1.3x	6.9x
ENEOS Holdings	$28.6B	0.4x	7.1x
Repsol	$27.6B	0.4x	3.2x
Inpex	$26.9B	2.1x	3.2x
YPF	$25.3B	1.5x	5.2x
Coterra Energy	$24.5B	3.3x	5.3x
ADNOC Drilling Company	$24.5B	5.2x	11.2x
Western Midstream	$22.9B	5.9x	9.1x
Aker BP	$21.4B	1.9x	2.2x
Bharat Petroleum	$21.1B	0.4x	5.9x
Plains All American Pipeline	$20.8B	0.4x	7.3x
Neste	$20.4B	0.9x	12.0x
OMV	$19.7B	0.6x	2.6x
Texas Pacific	$19.1B	24.1x	29.1x
TechnipFMC	$18.9B	1.9x	10.6x
Tourmaline Oil	$18.8B	4.3x	7.4x
Santos	$18.8B	3.6x	5.5x
Tenaris	$18.5B	1.5x	6.4x
AltaGas	$17.4B	1.9x	13.2x
Sunoco	$17.3B	0.7x	8.6x
Galp Energia	$17.1B	0.7x	4.8x
Ovintiv	$16.9B	1.9x	4.1x
Idemitsu Kosan	$16.0B	0.3x	10.5x
DT Midstream	$15.6B	12.7x	13.8x
Quinenco	$15.3B	1624.9x	n/a
Antero Resources	$14.6B	2.9x	9.1x
Permian Resources	$14.4B	2.7x	3.7x
Formosa Petrochemical	$14.4B	0.7x	18.7x
PTTEP	$14.4B	1.6x	2.3x
Cosan	$14.1B	0.5x	3.4x
Vår Energi	$13.3B	n/a	n/a
ARC Resources	$13.3B	3.2x	5.5x
China Merchants Energy	$13.3B	3.5x	8.9x
APA	$13.1B	1.7x	2.5x
SBM Offshore	$13.0B	2.5x	7.7x
Whitecap Resources	$12.7B	3.2x	5.9x
HD Hyundai	$12.4B	0.3x	2.6x
Nakilat	$12.3B	11.4x	14.8x
Plains GP Holdings	$12.1B	0.3x	4.3x
Ampol	$12.0B	0.6x	13.2x
Antero Midstream	$11.8B	9.9x	10.5x
HF Sinclair	$11.5B	0.4x	5.4x
OMV Petrom	$11.5B	1.5x	6.0x
Capital Power	$11.5B	4.6x	10.3x
COSCO SHIPPING Energy	$11.3B	3.2x	7.7x
Comstock Resources	$11.0B	5.8x	10.3x
Range Resources	$10.7B	3.6x	7.6x
S-Oil	$10.7B	0.5x	15.3x
Oil India	$10.3B	4.3x	9.6x
National Fuel Gas	$10.2B	4.3x	7.1x
Transocean	$10.2B	2.6x	7.6x
Keyera	$10.1B	2.0x	12.3x
China Oilfield Services	$9.3B	1.3x	5.4x
PRIO	$9.0B	3.6x	5.9x
Viper Energy	$9.0B	6.6x	7.1x
Matador Resources	$8.7B	2.4x	3.7x
CMB.Tech	$8.7B	6.1x	11.3x
Sinopec Oilfield Service	$8.6B	0.7x	n/a
MOL Group	$8.4B	0.3x	2.5x
Royal Vopak	$8.3B	4.9x	7.5x
Shaanxi Energy Investment	$8.3B	2.8x	6.4x
Harbour Energy	$8.2B	0.9x	1.3x
Romgaz	$8.2B	4.5x	8.4x
Hess Midstream	$8.1B	5.0x	6.6x
Ades Holding	$8.1B	4.8x	9.0x
Frontline	$8.1B	6.2x	8.5x
NextDecade	$8.1B	n/a	-43.3x
CNX Resources	$8.1B	4.1x	6.7x
Jereh Group	$7.9B	3.4x	13.2x
Vista Energy	$7.8B	3.3x	4.8x
Delek Group	$7.8B	2.1x	n/a
Icahn Enterprises	$7.7B	0.8x	n/a
DCC	$7.6B	0.3x	6.7x
Tüpraş	$7.6B	0.4x	5.3x
Civitas Resources	$7.6B	1.6x	2.4x
Guangzhou Development Group	$7.6B	1.1x	n/a
NewMed Energy	$7.3B	8.4x	n/a
Cosmo Energy Holdings	$7.1B	0.4x	5.7x
Grupo Ultra	$7.0B	0.3x	5.7x
Gaztransport & Technigaz	$7.0B	7.6x	11.4x
Centrica	$7.0B	0.2x	3.9x
Banpu	$6.8B	1.3x	6.0x
Archrock	$6.8B	4.6x	8.3x
NOV Inc.	$6.8B	0.8x	6.7x
PBF Energy	$6.7B	0.2x	72.3x
Guanghui Energy	$6.7B	1.5x	9.4x
Strathcona Resources	$6.6B	2.4x	5.0x
Seatrium	$6.5B	0.9x	9.9x
Kinetik Holdings	$6.5B	3.8x	6.5x
INA-Industrija Nafte	$6.4B	n/a	n/a
Chord Energy	$6.4B	1.3x	2.7x
Murphy Oil	$6.3B	2.3x	4.3x
Weatherford	$6.3B	1.3x	5.8x
HELLENiQ ENERGY	$6.1B	0.5x	5.8x
Saipem	$6.1B	0.3x	3.2x
Subsea 7	$6.0B	0.8x	4.3x
Viva Energy Australia	$5.9B	0.3x	13.0x
Motor Oil (Hellas)	$5.9B	0.5x	4.9x
Rubis	$5.9B	0.8x	6.8x
Thaioil	$5.7B	0.4x	8.1x
Crescent Energy	$5.7B	1.6x	2.9x
Kodiak Gas Services	$5.7B	4.4x	8.1x
USA Compression	$5.6B	5.7x	9.2x
Energean	$5.5B	3.2x	5.1x
Worley	$5.4B	0.7x	8.1x
Kunlun Energy	$5.2B	0.2x	2.3x
Modec	$5.2B	1.3x	11.3x
MedcoEnergi	$5.2B	2.3x	4.5x
Navitas Petroleum	$5.1B	n/a	n/a
Yinson	$5.1B	3.9x	7.4x
Golar LNG	$5.1B	13.2x	20.1x
Delek US Holdings	$5.0B	0.5x	4.6x
Genesis Energy	$5.0B	3.0x	9.2x
Gulfport Energy	$5.0B	3.7x	5.7x
Gibson Energy	$5.0B	0.6x	11.7x
California Resources	$4.9B	1.4x	3.9x
Transportadora de Gas del Sur	$4.8B	4.0x	7.6x
SM Energy	$4.8B	1.5x	2.1x
CNOOC Energy Technology	$4.8B	0.6x	4.8x
Helmerich & Payne	$4.8B	1.3x	5.2x
Delek Logistics	$4.8B	4.6x	9.6x
CVR Energy	$4.7B	0.7x	11.3x
PTT Oil and Retail	$4.6B	0.2x	7.6x
PrairieSky Royalty	$4.6B	13.2x	14.3x
Northern Oil & Gas	$4.6B	2.0x	2.8x
Ithaca Energy	$4.5B	1.5x	2.2x
Valaris	$4.5B	1.9x	7.5x
Bangchak Corporation	$4.5B	0.3x	4.0x
PetroVietnam Gas	$4.4B	1.0x	6.8x
Magnolia Oil & Gas	$4.4B	3.4x	4.8x
Whitehaven Coal	$4.4B	1.2x	5.6x
Mangalore Refinery	$4.2B	0.4x	10.4x
MyMesra	$4.1B	0.4x	8.4x
Peyto	$4.0B	4.6x	5.6x
Warrior Met Coal	$3.9B	3.0x	15.5x
Diversified Energy	$3.9B	2.4x	4.5x
Calumet	$3.9B	0.9x	13.4x
Luberef	$3.9B	1.7x	12.5x
Baytex Energy	$3.9B	1.6x	2.9x
Brava Energia	$3.8B	1.8x	4.0x
Woqod	$3.7B	n/a	n/a
Yancoal Australia	$3.7B	1.0x	3.3x
Aegis Vopak Terminals	$3.6B	40.4x	53.3x
Par Pacific Holdings	$3.6B	0.5x	6.4x
Liberty Energy	$3.6B	0.9x	6.0x
Global Partners	$3.5B	0.2x	9.2x
SK Gas	$3.5B	0.7x	6.8x
Petronet LNG	$3.5B	0.6x	5.7x
Topaz Energy	$3.5B	14.3x	14.6x
Equital	$3.5B	n/a	n/a
Kosmos Energy	$3.4B	2.5x	5.4x
Alliance Res Partners	$3.4B	1.5x	5.0x
Technip Energies	$3.4B	0.4x	4.5x
Patterson-UTI	$3.3B	0.7x	3.7x
Tamarack Valley Energy	$3.3B	2.8x	4.8x
Black Stone Minerals	$3.1B	7.2x	9.5x
Mach Natural Resources	$3.1B	2.8x	5.2x
Scorpio Tankers	$3.1B	3.3x	5.6x
OGDC	$3.1B	2.2x	n/a
Vital Energy	$3.0B	1.6x	2.3x
Aegis Logistics	$3.0B	3.5x	21.6x
Tidewater	$3.0B	2.2x	5.0x
Jiangxi Jovo Energy Co	$2.9B	0.9x	9.1x
BKV Corporation	$2.9B	3.3x	8.9x
International Seaways	$2.9B	3.6x	6.3x
Oceaneering	$2.9B	1.0x	7.2x
Talos Energy	$2.8B	1.6x	2.3x
Arabian Drilling	$2.8B	3.1x	8.4x
TORM	$2.8B	3.0x	4.8x
NuVista Energy	$2.8B	3.1x	5.5x
AKSA Enerji	$2.7B	n/a	n/a
TerraVest Industries	$2.6B	2.5x	13.7x
International Petroleum	$2.6B	3.8x	10.6x
Cactus	$2.6B	2.4x	7.4x
Athabasca Oil Corporation	$2.6B	2.9x	6.6x
Odfjell Drilling	$2.5B	2.9x	5.8x
Tullow Oil	$2.4B	2.6x	3.7x
Tsakos Energy Navigation	$2.4B	3.6x	6.1x
Petrol Group	$2.3B	n/a	n/a
TGS	$2.3B	1.5x	2.6x
Genesis Energy New Zealand	$2.3B	1.1x	8.5x
Vermilion Energy	$2.3B	1.6x	3.1x
DHT Holdings	$2.3B	6.0x	7.8x
DNO	$2.2B	1.5x	2.4x
Shanghai Petrochemical	$2.2B	0.2x	9.4x
Isramco Negev 2	$2.1B	n/a	n/a
Paramount Resources	$2.1B	3.7x	2.5x
BlueNord	$2.1B	2.1x	3.9x
Beach Energy	$2.0B	1.5x	2.8x
Ratio Energies	$2.0B	n/a	n/a
Advantage Energy	$2.0B	3.9x	6.6x
Birchcliff Energy	$1.9B	3.9x	6.7x
Navigator Gas	$1.9B	3.4x	6.7x
New Hope Corp	$1.9B	1.7x	4.3x
HighPeak Energy	$1.9B	2.2x	2.9x
LandBridge	$1.9B	10.1x	11.3x
BW Offshore	$1.9B	3.5x	7.4x
Excelerate Energy	$1.8B	1.8x	4.3x
Stanmore Resources	$1.8B	0.9x	4.8x
ProFrac	$1.8B	1.0x	5.9x
Wood	$1.8B	0.3x	4.3x
Viridien	$1.7B	1.5x	3.4x
Exxaro Resources	$1.7B	0.7x	2.8x
National Energy Services	$1.7B	1.3x	6.1x
Organizacion Terpel	$1.7B	n/a	n/a
Tamar Petroleum	$1.6B	n/a	n/a
Fugro	$1.6B	0.7x	5.0x
Atlas Energy Solutions	$1.6B	1.5x	7.3x
CrossAmerica Partners	$1.6B	0.5x	11.7x
World Kinect	$1.6B	0.0x	4.6x
Oil Refineries	$1.6B	n/a	n/a
Expro	$1.6B	1.0x	4.5x
Kimbell Royalty Partners	$1.6B	4.9x	5.9x
National Gas	$1.6B	n/a	n/a
Afriquia Gaz	$1.6B	1.5x	9.1x
Bukit Asam	$1.6B	0.6x	6.2x
Sable Offshore	$1.6B	n/a	-5.3x
Dana Gas	$1.5B	5.0x	6.8x
Fluxys Belgium	$1.5B	2.1x	4.3x
Alpha Metallurgical	$1.5B	0.7x	9.6x
Nanjing Tanker	$1.5B	1.9x	4.9x
Dorian LPG	$1.5B	3.7x	6.3x
Innovex International	$1.5B	1.6x	8.6x
Petrolimex	$1.5B	0.1x	7.7x
Headwater Exploration	$1.5B	3.5x	5.5x
NIS	$1.4B	n/a	n/a
Natural Resources	$1.4B	n/a	n/a
CIMC Enric	$1.4B	0.4x	4.7x
Select Water	$1.4B	1.0x	5.5x
Aker Solutions	$1.4B	0.2x	2.7x
Helix Energy Solutions	$1.3B	1.0x	5.0x
COOEC	$1.2B	0.3x	2.2x
Capex	$1.2B	n/a	n/a
Tetra Technologies	$1.2B	1.9x	10.6x
SunCoke Energy	$1.2B	0.6x	5.2x
Teekay Tankers	$1.2B	1.8x	3.9x
Binh Son Refining	$1.2B	0.2x	7.2x
RPC Inc.	$1.1B	0.7x	4.5x
EnQuest	$1.1B	1.0x	2.0x
Dorchester Minerals	$1.0B	n/a	n/a
Karoon Energy	$996M	1.5x	2.5x
Maurel & Prom	$970M	1.5x	3.3x
Granite Ridge Resources	$956M	2.1x	2.9x
TXO Partners	$947M	2.5x	6.5x
Vitesse Energy	$944M	3.3x	5.1x
Serica Energy	$938M	1.4x	2.6x
Hallador Energy	$910M	2.0x	17.6x
Ramaco Resources	$890M	1.6x	22.2x
Empresas Lipigas	$861M	n/a	n/a
Core Laboratories	$858M	1.6x	11.6x
GeoPark	$801M	1.6x	2.6x
Rompetrol Rafinare	$779M	n/a	n/a
JANAF	$753M	n/a	n/a
Archer	$712M	0.5x	4.7x
Star Group	$668M	n/a	n/a
2G Energy	$658M	1.5x	16.2x
Berry Corp	$650M	1.0x	2.7x
Rockhopper Exploration	$646M	n/a	-284.1x
Clean Energy Fuels	$632M	1.5x	9.4x
SBO	$612M	1.1x	6.6x
Martin Midstream Partners	$610M	0.9x	6.0x
Nostrum Oil & Gas	$526M	4.3x	14.6x
Greenfire Resources	$523M	n/a	n/a
Sea1 Offshore	$521M	1.9x	3.5x
American Resources	$519M	n/a	n/a
VAALCO Energy	$492M	1.4x	2.8x
Tamboran Resources	$485M	71.3x	-23.8x
W&T Offshore	$479M	0.9x	3.5x
KN Energies	$459M	n/a	n/a
Pantheon Resources	$441M	n/a	-38.3x
Oil States International	$439M	0.7x	5.4x
SandRidge Energy	$433M	2.7x	4.3x
Deutsche Rohstoff	$424M	1.9x	2.8x
Gulf Keystone Petroleum	$395M	2.5x	5.1x
Sinopec Kantons Holdings	$390M	4.6x	2.6x
Gas Plus	$376M	n/a	n/a
NACCO Industries	$374M	1.6x	n/a
Amplify Energy	$362M	1.3x	4.6x
Dynagas LNG Partners	$355M	2.4x	n/a
Kistos Holdings	$348M	1.5x	2.8x
Reach Subsea	$335M	1.2x	2.9x
Prosafe	$335M	2.0x	9.3x
Petrolina (Hldgs)	$334M	n/a	n/a
KLX Energy Services Hldgs	$332M	0.5x	4.5x
PrimeEnergy Resources	$295M	n/a	n/a
Akastor	$291M	6.8x	25.8x
Jadestone Energy	$289M	0.7x	2.0x
Deep Value Driller	$288M	5.1x	5.3x
Infinity Natural Resources	$284M	0.8x	1.2x
XCF Global	$283M	n/a	n/a
La Francaise de l'Energie	$282M	6.9x	12.2x
HMS Bergbau	$266M	0.2x	10.2x
Makpetrol	$210M	n/a	n/a
Awilco LNG	$209M	n/a	n/a
A.b.p. Nocivelli	$197M	1.8x	9.7x
Horizon Oil	$194M	1.8x	n/a
Bumech	$189M	n/a	n/a
Kolibri Global Energy	$187M	3.1x	4.2x
Indus Gas	$187M	n/a	n/a
Petrol	$179M	n/a	n/a
Smart Sand	$163M	0.5x	4.1x
Drilling Tools Intl	$159M	1.0x	4.2x
Capricorn Energy	$157M	1.2x	2.0x
Geospace Technologies	$142M	n/a	n/a
Afentra	$140M	1.0x	1.8x
Eidesvik Offshore	$139M	n/a	n/a
Conpet	$128M	n/a	n/a
NorAm Drilling	$128M	1.3x	5.9x
Oil Terminal	$123M	n/a	n/a
Energy World Corp	$122M	n/a	n/a
Epsilon Energy	$122M	3.9x	n/a
Okea	$121M	0.1x	0.2x
Daldrup & Söhne	$120M	2.1x	13.0x
AleAnna	$105M	n/a	n/a
TMD Energy	$103M	n/a	n/a
Omega Oil & Gas	$101M	209.5x	-29.8x
Dolphin Drilling	$95.3M	1.1x	-1.8x
Docks Petroles d Ambes	$88.7M	n/a	n/a
Stabilis Solutions	$86.9M	1.2x	9.8x
Maha Capital	$85.0M	16.1x	-16.4x
NCS Multistage Holdings	$83.1M	0.5x	3.6x
OMS Energy Technologies	$82.5M	0.4x	1.4x
Australian Pacific Coal	$77.5M	n/a	n/a
Bathurst Resources	$73.8M	3.8x	-192.6x
Pyxis Tankers	$66.8M	1.8x	4.5x
Vivakor	$66.2M	0.7x	n/a
Robit	$46.9M	0.5x	7.0x
InterOil Exploration	$44.2M	n/a	n/a
Recon Technology	$33.6M	3.4x	-3.7x
Toplivo	$32.4M	n/a	n/a
Robin Energy	$29.6M	n/a	n/a
Rompetrol Well Servs	$27.7M	n/a	n/a
Onico	$23.7M	n/a	n/a
Uni-Fuels	$21.8M	n/a	n/a
ElectroMagnetic	$19.9M	n/a	n/a
Delixy Holdings	$18.7M	n/a	n/a
Ecoslops	$17.5M	n/a	n/a
Hunter Group	$16.8M	n/a	n/a
Atlantic Petroleum	$12.3M	n/a	n/a
Acceleware	$9.2M	n/a	n/a
Petrolia	$6.8M	n/a	n/a
Igrene	$3.7M	n/a	n/a
PTL Limited	$3.4M	n/a	n/a
Clean & Carbon Energy	$2.7M	n/a	n/a
Oil and Gas Explr and Pro	$2.1M	n/a	n/a
Condmag	$1.1M	n/a	n/a
S.D. Standard ETC	-$19.2M	n/a	n/a
Mammoth Energy Services	-$20.4M	-0.1x	n/a
LW Bogdanka	-$44.9M	-0.1x	-0.3x
Imperial Ptrl	-$46.2M	-0.3x	-0.9x
Teekay	-$81.1M	n/a	n/a
Esso	-$882M	n/a	n/a