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	$1.67T	3.8x	7.5x
Exxon Mobil	$605B	1.8x	8.7x
Chevron	$372B	2.0x	9.0x
PetroChina	$276B	0.7x	4.2x
Shell	$247B	0.9x	4.3x
Reliance Industries	$218B	2.0x	10.9x
TotalEnergies	$184B	1.0x	4.7x
Enbridge	$184B	4.2x	12.7x
China Petroleum	$157B	0.4x	5.8x
China Petroleum	$157B	0.4x	5.8x
Petrobras	$149B	1.7x	3.4x
ConocoPhillips	$141B	2.3x	5.5x
BP	$133B	0.7x	3.6x
Energy Transfer	$122B	1.5x	7.6x
CNOOC	$120B	2.0x	3.3x
Williams Companies	$108B	9.5x	14.0x
Enterprise Products	$105B	2.0x	10.7x
TC Energy	$104B	9.4x	13.0x
China Shenhua Energy	$103B	2.3x	7.0x
Kinder Morgan	$97.8B	5.8x	11.7x
Canadian Natural Resources	$87.5B	3.0x	6.7x
Marathon Petroleum	$83.2B	0.6x	7.3x
SLB	$83.2B	2.3x	9.8x
ONEOK	$81.4B	2.4x	10.1x
MPLX	$81.1B	6.2x	11.5x
Eni	$80.3B	0.8x	4.1x
Phillips 66	$76.3B	0.6x	9.5x
Occidental Petroleum	$72.9B	2.8x	5.4x
Equinor	$72.6B	0.7x	1.8x
ADNOC Gas	$71.0B	3.6x	8.9x
Suncor Energy	$69.8B	1.9x	6.2x
Cheniere Energy	$68.4B	3.5x	10.0x
EOG Resources	$63.5B	2.8x	5.2x
Diamondback Energy	$61.7B	4.4x	6.0x
Valero Energy	$61.6B	0.5x	8.6x
Targa Resources	$59.2B	3.5x	12.1x
Baker Hughes	$58.1B	2.1x	12.2x
Ecopetrol	$54.2B	1.7x	4.4x
Venture Global	$53.2B	3.9x	8.4x
Imperial Oil	$52.3B	1.5x	9.5x
PTT	$50.0B	0.5x	4.1x
ONGC	$46.9B	0.7x	4.2x
Dian Swastatika Sentosa	$43.4B	n/a	n/a
Cenovus Energy	$42.3B	1.1x	5.9x
Cheniere Energy Partners	$42.0B	3.9x	11.6x
EQT Corporation	$41.9B	5.0x	7.8x
Woodside Energy	$40.3B	3.0x	4.4x
IndianOil	$38.6B	0.5x	6.8x
Orlen	$37.8B	0.5x	3.7x
Halliburton	$34.8B	1.6x	8.4x
Pembina Pipeline	$34.7B	6.0x	11.0x
SK Innovation	$34.3B	0.6x	14.1x
ENEOS Holdings	$32.1B	0.4x	7.7x
Devon Energy	$32.0B	1.9x	4.3x
Yankuang Energy Gr	$31.0B	1.7x	6.0x
Expand Energy	$30.4B	2.6x	6.1x
Repsol	$27.5B	0.4x	3.1x
Inpex	$27.3B	2.1x	3.0x
YPF	$25.2B	1.4x	4.9x
Coterra Energy	$25.0B	3.3x	5.2x
Neste	$25.0B	1.1x	13.7x
ADNOC Drilling Company	$24.5B	5.1x	11.2x
Aker BP	$23.8B	2.1x	2.5x
Western Midstream	$23.5B	6.1x	9.3x
Texas Pacific	$23.3B	29.1x	33.9x
TechnipFMC	$23.0B	2.3x	12.6x
Plains All American Pipeline	$22.2B	0.5x	7.8x
OMV	$20.7B	0.6x	2.7x
Bharat Petroleum	$20.5B	0.4x	5.7x
Tenaris	$19.8B	1.6x	6.8x
Santos	$19.7B	3.7x	5.7x
Tourmaline Oil	$18.9B	4.2x	7.3x
Sunoco	$17.9B	0.7x	8.6x
AltaGas	$17.4B	1.8x	12.9x
Ovintiv	$17.2B	2.0x	4.1x
Idemitsu Kosan	$17.1B	0.3x	11.1x
PTTEP	$16.7B	1.8x	2.6x
China Merchants Energy	$16.4B	4.2x	10.8x
Quinenco	$16.0B	1588.0x	n/a
Galp Energia	$16.0B	0.7x	4.4x
DT Midstream	$15.8B	12.6x	13.8x
Permian Resources	$15.0B	2.8x	3.8x
HD Hyundai	$14.9B	0.3x	2.9x
SBM Offshore	$14.2B	2.8x	8.6x
Vår Energi	$14.2B	n/a	n/a
Antero Resources	$14.2B	2.8x	8.6x
COSCO SHIPPING Energy	$14.2B	4.0x	9.6x
Cosan	$13.9B	0.5x	3.5x
Whitecap Resources	$13.8B	3.4x	6.1x
Formosa Petrochemical	$13.6B	0.7x	17.2x
ARC Resources	$13.3B	3.1x	5.4x
OMV Petrom	$13.3B	1.7x	6.8x
APA	$13.3B	1.7x	2.6x
Plains GP Holdings	$12.6B	0.3x	4.4x
S-Oil	$12.4B	0.5x	17.4x
Nakilat	$12.4B	11.5x	15.0x
Antero Midstream	$12.1B	10.1x	10.7x
Jereh Group	$11.9B	5.1x	19.5x
Capital Power	$11.8B	4.6x	10.3x
HF Sinclair	$11.0B	0.4x	5.0x
MOL Group	$10.9B	0.4x	3.1x
Transocean	$10.9B	2.8x	8.0x
PRIO	$10.8B	4.2x	7.2x
National Fuel Gas	$10.7B	4.5x	7.3x
Oil India	$10.7B	4.6x	10.2x
China Oilfield Services	$10.3B	1.4x	6.0x
Romgaz	$10.3B	5.5x	9.8x
Keyera	$10.2B	2.0x	12.4x
Range Resources	$9.8B	3.3x	7.0x
Comstock Resources	$9.8B	5.1x	9.1x
Sinopec Oilfield Service	$9.4B	0.7x	n/a
Viper Energy	$9.4B	6.7x	7.2x
Frontline	$9.1B	7.3x	9.5x
CMB.Tech	$8.9B	6.4x	11.5x
Ades Holding	$8.8B	5.0x	9.5x
Tüpraş	$8.8B	0.5x	6.0x
Royal Vopak	$8.7B	5.0x	7.7x
Matador Resources	$8.7B	2.4x	3.7x
NewMed Energy	$8.6B	9.8x	12.4x
Hess Midstream	$8.4B	5.1x	6.7x
Harbour Energy	$8.4B	0.8x	1.2x
PetroVietnam Gas	$8.3B	1.8x	12.2x
Shaanxi Energy Investment	$8.3B	2.8x	6.3x
Vista Energy	$8.3B	3.3x	4.8x
CNX Resources	$8.1B	4.0x	6.7x
NOV Inc.	$8.0B	0.9x	8.0x
Centrica	$8.0B	0.2x	4.7x
Delek Group	$7.9B	n/a	n/a
NextDecade	$7.9B	n/a	-41.1x
Guangzhou Development Group	$7.7B	1.1x	8.2x
Grupo Ultra	$7.7B	0.3x	6.3x
Subsea 7	$7.6B	1.0x	5.2x
Icahn Enterprises	$7.6B	0.8x	n/a
Cosmo Energy Holdings	$7.6B	0.4x	5.8x
Archrock	$7.6B	5.1x	9.0x
Saipem	$7.5B	0.4x	3.8x
Civitas Resources	$7.5B	1.6x	2.4x
Weatherford	$7.5B	1.5x	7.1x
Ampol	$7.4B	0.3x	7.5x
Gaztransport & Technigaz	$7.4B	7.7x	11.5x
Guanghui Energy	$7.2B	1.6x	10.3x
Banpu	$7.1B	1.3x	6.1x
Kinetik Holdings	$6.7B	4.0x	6.8x
Chord Energy	$6.6B	1.4x	2.8x
INA-Industrija Nafte	$6.5B	n/a	n/a
DCC	$6.5B	0.3x	5.6x
Motor Oil (Hellas)	$6.5B	0.5x	4.9x
PBF Energy	$6.5B	0.2x	89.8x
Seatrium	$6.5B	0.8x	9.5x
Thaioil	$6.4B	0.5x	8.6x
Crescent Energy	$6.4B	1.8x	3.1x
HELLENiQ ENERGY	$6.4B	0.5x	5.2x
Murphy Oil	$6.3B	2.3x	4.3x
Kodiak Gas Services	$6.2B	4.7x	8.7x
Viva Energy Australia	$6.1B	0.3x	12.8x
Rubis	$6.1B	0.8x	6.9x
Whitehaven Coal	$5.8B	1.5x	7.1x
Worley	$5.7B	0.7x	8.1x
Yinson	$5.7B	4.7x	8.3x
USA Compression	$5.6B	5.6x	9.2x
Kunlun Energy	$5.6B	0.2x	2.5x
CNOOC Energy Technology	$5.4B	0.7x	5.3x
Golar LNG	$5.4B	13.8x	21.4x
California Resources	$5.4B	1.6x	4.3x
MedcoEnergi	$5.4B	2.4x	4.6x
Energean	$5.4B	3.1x	5.0x
Helmerich & Payne	$5.4B	1.4x	5.9x
Modec	$5.3B	1.3x	11.3x
Genesis Energy	$5.2B	3.3x	9.7x
Navitas Petroleum	$5.1B	n/a	n/a
Gibson Energy	$5.1B	0.6x	11.8x
PrairieSky Royalty	$5.0B	14.2x	15.4x
Transportadora de Gas del Sur	$5.0B	4.1x	7.9x
Delek Logistics	$5.0B	4.8x	9.8x
Ithaca Energy	$4.9B	1.6x	2.3x
PTT Oil and Retail	$4.9B	0.2x	7.5x
Jiangxi Jovo Energy Co	$4.8B	1.5x	14.5x
SM Energy	$4.8B	1.4x	2.1x
Bangchak Corporation	$4.8B	0.3x	4.1x
Luberef	$4.7B	2.2x	15.5x
Warrior Met Coal	$4.7B	3.6x	19.8x
Northern Oil & Gas	$4.7B	2.0x	2.9x
Magnolia Oil & Gas	$4.7B	3.5x	5.1x
Valaris	$4.6B	2.0x	7.5x
Peyto	$4.5B	5.0x	6.1x
Gulfport Energy	$4.4B	3.2x	5.0x
Delek US Holdings	$4.3B	0.4x	3.7x
MyMesra	$4.3B	0.5x	8.7x
Brava Energia	$4.3B	1.9x	4.4x
Liberty Energy	$4.2B	1.1x	7.4x
Strathcona Resources	$4.1B	1.5x	3.1x
Calumet	$4.1B	1.0x	13.6x
OGDC	$4.1B	2.9x	n/a
Mangalore Refinery	$4.1B	0.4x	9.8x
Baytex Energy	$4.1B	1.7x	3.1x
Yancoal Australia	$4.0B	1.0x	3.5x
Patterson-UTI	$3.9B	0.8x	4.4x
Woqod	$3.9B	0.5x	15.8x
Tamarack Valley Energy	$3.8B	3.3x	5.6x
Diversified Energy	$3.7B	2.3x	4.2x
Global Partners	$3.6B	0.2x	9.4x
Topaz Energy	$3.6B	14.5x	14.7x
Kosmos Energy	$3.6B	2.6x	6.1x
Equital	$3.5B	n/a	n/a
Alliance Res Partners	$3.5B	1.6x	5.1x
Petronet LNG	$3.5B	0.6x	5.9x
Cactus	$3.5B	3.3x	10.1x
Oceaneering	$3.5B	1.2x	8.7x
SK Gas	$3.5B	0.6x	6.4x
CVR Energy	$3.4B	0.5x	8.4x
Tidewater	$3.4B	2.5x	5.7x
Scorpio Tankers	$3.3B	3.7x	6.4x
Technip Energies	$3.3B	0.4x	4.3x
International Seaways	$3.2B	4.0x	7.1x
Arabian Drilling	$3.2B	3.5x	9.6x
Black Stone Minerals	$3.2B	7.4x	9.9x
BKV Corporation	$3.2B	3.4x	9.3x
Mach Natural Resources	$3.1B	2.7x	5.1x
Par Pacific Holdings	$3.0B	0.4x	6.6x
TerraVest Industries	$3.0B	2.8x	14.7x
AKSA Enerji	$3.0B	3.1x	10.6x
TORM	$3.0B	3.3x	5.4x
Talos Energy	$2.9B	1.6x	2.4x
Aegis Vopak Terminals	$2.9B	31.9x	42.0x
NuVista Energy	$2.8B	3.1x	5.5x
Petrol Group	$2.8B	0.4x	7.2x
Odfjell Drilling	$2.8B	3.1x	6.1x
Athabasca Oil Corporation	$2.7B	3.1x	6.9x
International Petroleum	$2.6B	3.9x	11.2x
TGS	$2.6B	1.7x	2.9x
Shanghai Petrochemical	$2.6B	0.2x	11.5x
Petrolimex	$2.6B	0.3x	13.6x
Aegis Logistics	$2.5B	3.0x	18.4x
Tsakos Energy Navigation	$2.4B	3.7x	6.1x
Tullow Oil	$2.4B	2.7x	3.9x
Genesis Energy New Zealand	$2.4B	1.1x	8.6x
New Hope Corp	$2.4B	2.0x	5.3x
Vermilion Energy	$2.4B	1.6x	3.3x
Alpha Metallurgical	$2.4B	1.1x	17.4x
DNO	$2.4B	1.4x	2.4x
DHT Holdings	$2.4B	6.3x	8.2x
Sable Offshore	$2.3B	32.7x	-7.9x
National Energy Services	$2.3B	1.8x	8.3x
Stanmore Resources	$2.3B	1.2x	6.4x
CIMC Enric	$2.2B	0.6x	7.2x
Ratio Energies	$2.2B	n/a	n/a
Beach Energy	$2.2B	1.6x	2.9x
Isramco Negev 2	$2.1B	n/a	n/a
BlueNord	$2.1B	2.1x	3.8x
Paramount Resources	$2.1B	4.1x	2.5x
Excelerate Energy	$2.1B	1.8x	4.7x
BW Offshore	$2.1B	4.1x	8.2x
Exxaro Resources	$2.1B	0.8x	3.2x
ProFrac	$2.0B	1.1x	7.0x
Viridien	$2.0B	1.7x	3.8x
Atlas Energy Solutions	$2.0B	1.8x	9.3x
Navigator Gas	$2.0B	3.6x	6.9x
Birchcliff Energy	$1.9B	3.7x	6.2x
LandBridge	$1.9B	9.8x	11.1x
Headwater Exploration	$1.9B	4.3x	7.0x
Advantage Energy	$1.9B	3.6x	6.2x
Dana Gas	$1.9B	6.3x	8.4x
COOEC	$1.8B	0.4x	3.1x
Wood	$1.8B	0.4x	5.2x
Expro	$1.8B	1.1x	5.1x
Fugro	$1.8B	0.8x	5.9x
Nanjing Tanker	$1.8B	2.2x	5.9x
Binh Son Refining	$1.8B	0.4x	9.5x
World Kinect	$1.8B	0.0x	5.1x
National Gas	$1.8B	n/a	n/a
Bukit Asam	$1.7B	0.7x	8.0x
Tetra Technologies	$1.7B	2.8x	15.6x
Innovex International	$1.7B	1.8x	9.7x
Organizacion Terpel	$1.7B	n/a	n/a
CrossAmerica Partners	$1.7B	0.5x	12.3x
Oil Refineries	$1.7B	n/a	n/a
Fluxys Belgium	$1.7B	2.3x	4.6x
Aker Solutions	$1.6B	0.3x	3.1x
Kimbell Royalty Partners	$1.6B	5.1x	6.1x
Dorian LPG	$1.6B	3.9x	6.6x
Afriquia Gaz	$1.6B	1.5x	9.2x
HighPeak Energy	$1.6B	1.8x	2.5x
Select Water	$1.6B	1.1x	6.1x
Natural Resources	$1.5B	n/a	n/a
Tamar Petroleum	$1.5B	n/a	n/a
NIS	$1.5B	n/a	n/a
Helix Energy Solutions	$1.4B	1.1x	5.5x
Maurel & Prom	$1.4B	2.2x	4.8x
Teekay Tankers	$1.4B	2.2x	4.8x
Ramaco Resources	$1.4B	2.4x	37.8x
RPC Inc.	$1.4B	0.8x	5.5x
SunCoke Energy	$1.3B	0.7x	5.9x
Dorchester Minerals	$1.2B	n/a	n/a
Serica Energy	$1.1B	1.7x	3.3x
EnQuest	$1.1B	1.0x	2.0x
Core Laboratories	$1.1B	2.0x	14.4x
Capex	$1.1B	n/a	n/a
Empresas Lipigas	$1.0B	n/a	n/a
Karoon Energy	$1.0B	1.6x	2.6x
Hallador Energy	$918M	2.0x	16.8x
Granite Ridge Resources	$905M	2.0x	2.8x
TXO Partners	$904M	2.3x	6.2x
Vitesse Energy	$903M	3.1x	4.8x
Greenfire Resources	$851M	n/a	n/a
Rockhopper Exploration	$837M	n/a	-214.2x
GeoPark	$806M	1.7x	2.7x
Rompetrol Rafinare	$790M	n/a	n/a
JANAF	$774M	n/a	n/a
2G Energy	$737M	1.6x	18.1x
Archer	$725M	0.5x	4.7x
SBO	$686M	1.2x	7.8x
Star Group	$678M	n/a	n/a
Clean Energy Fuels	$652M	1.5x	9.9x
Tamboran Resources	$632M	77.9x	-33.5x
American Resources	$631M	1176.0x	-39.3x
VAALCO Energy	$620M	1.8x	3.8x
Martin Midstream Partners	$618M	n/a	6.1x
Sea1 Offshore	$585M	2.1x	3.9x
Oil States International	$572M	0.9x	7.0x
W&T Offshore	$537M	1.1x	3.9x
Nostrum Oil & Gas	$526M	4.3x	n/a
KN Energies	$505M	n/a	n/a
SandRidge Energy	$472M	2.9x	4.6x
Deutsche Rohstoff	$469M	2.1x	3.1x
Kistos Holdings	$431M	1.8x	3.2x
Gulf Keystone Petroleum	$417M	2.5x	4.9x
NACCO Industries	$397M	n/a	n/a
Sinopec Kantons Holdings	$393M	n/a	n/a
Gas Plus	$378M	n/a	n/a
Reach Subsea	$368M	n/a	n/a
Dynagas LNG Partners	$367M	n/a	n/a
KLX Energy Services Hldgs	$356M	0.6x	4.9x
Petrolina (Hldgs)	$348M	n/a	n/a
Prosafe	$336M	2.0x	8.8x
Amplify Energy	$321M	1.1x	4.2x
Akastor	$321M	8.0x	44.6x
Infinity Natural Resources	$311M	0.9x	1.3x
Jadestone Energy	$303M	0.7x	2.1x
Deep Value Driller	$297M	5.1x	5.5x
PrimeEnergy Resources	$286M	1.6x	2.7x
La Francaise de l'Energie	$283M	6.9x	11.9x
HMS Bergbau	$266M	0.1x	9.9x
Bumech	$248M	n/a	n/a
Horizon Oil	$227M	2.0x	n/a
Smart Sand	$218M	n/a	n/a
Drilling Tools Intl	$211M	1.3x	5.6x
Makpetrol	$205M	n/a	n/a
Awilco LNG	$203M	n/a	n/a
Capricorn Energy	$200M	1.6x	2.4x
Geospace Technologies	$199M	n/a	n/a
A.b.p. Nocivelli	$197M	1.7x	9.5x
XCF Global	$196M	n/a	n/a
Pantheon Resources	$186M	n/a	-14.5x
Kolibri Global Energy	$183M	3.1x	4.1x
Petrol	$176M	n/a	n/a
Afentra	$167M	1.3x	2.2x
Daldrup & Söhne	$164M	2.9x	17.8x
Maha Capital	$164M	n/a	n/a
Okea	$152M	0.2x	0.3x
Eidesvik Offshore	$149M	n/a	n/a
Omega Oil & Gas	$140M	256.1x	-38.9x
NorAm Drilling	$133M	1.3x	6.0x
Conpet	$130M	n/a	n/a
Epsilon Energy	$129M	n/a	n/a
Oil Terminal	$127M	n/a	n/a
Stabilis Solutions	$105M	1.4x	12.2x
TMD Energy	$102M	n/a	n/a
Dolphin Drilling	$98.7M	n/a	n/a
NCS Multistage Holdings	$90.1M	0.5x	3.8x
Bathurst Resources	$89.3M	4.6x	-105.3x
AleAnna	$87.3M	n/a	n/a
OMS Energy Technologies	$81.7M	0.4x	1.4x
Australian Pacific Coal	$81.5M	n/a	n/a
Docks Petroles d Ambes	$78.3M	n/a	n/a
Energy World Corp	$76.5M	n/a	n/a
Pyxis Tankers	$72.1M	2.0x	5.1x
Robit	$53.9M	0.6x	8.0x
InterOil Exploration	$43.7M	n/a	n/a
Onico	$34.7M	n/a	n/a
Uni-Fuels	$34.4M	0.2x	35.0x
Recon Technology	$34.3M	3.5x	-3.7x
Toplivo	$32.8M	n/a	n/a
Robin Energy	$30.4M	n/a	n/a
Rompetrol Well Servs	$30.1M	n/a	n/a
Imperial Ptrl	$26.4M	0.2x	0.4x
Hunter Group	$23.1M	n/a	n/a
ElectroMagnetic	$18.3M	n/a	n/a
Delixy Holdings	$16.7M	n/a	n/a
Ecoslops	$12.8M	n/a	n/a
Atlantic Petroleum	$12.6M	n/a	n/a
Acceleware	$9.5M	n/a	n/a
PTL Limited	$9.5M	n/a	n/a
Petrolia	$8.1M	n/a	n/a
Igrene	$3.7M	n/a	n/a
Clean & Carbon Energy	$3.2M	n/a	n/a
Condmag	$1.1M	n/a	n/a
Mammoth Energy Services	-$0.6M	n/a	n/a
Oil and Gas Explr and Pro	-$5.6M	n/a	n/a
S.D. Standard ETC	-$14.1M	n/a	n/a
LW Bogdanka	-$45.6M	-0.1x	-0.3x
Teekay	-$46.1M	n/a	n/a