May 2026
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Largest Energy Services Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Jereh Group, China Merchants Energy, TBEA, COSCO SHIPPING Energy and Chuantou Energy.
 | Yantai Jereh Oilfield Services Group Co Ltd is a China-based company engaged in the manufacturing of oilfield equipment and the provision of oilfield services. It is engaged in drilling equipment and oil & gas field engineering equipment manufacturing, equipment maintenance and accessories sales, oil field engineering technology services, as well as oil & gas field construction services. The company conducts its business within domestic and overseas markets. | $20 | +307% | $21B | $20B | 8.4x | 30.5x | ||
| China Merchants Energy Shipping Co Ltd is a China-based company that engages in tanker transportation, bulk cargo vessel transportation, and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to customers from China, Japan, Korea, Southeast Asia, the United States, and other countries. | $3 | +193% | $21B | $24B | 5.8x | 14.7x | ||
| TBEA Co Ltd is a China-based company that offers energy business solutions to service providers. The company distributes electric power transmission and transformation equipment. It provides solutions such as green technology, smart environmental protection, energy equipment for turnkey projects, and system solutions that range from surveying to design, construction, installation, and commissioning, as well as integration of training, operation, and maintenance. It also promotes the construction of green and efficient power grids. The company has a business presence in China and other countries. | $4 | +138% | $20B | $24B | 1.7x | 10.4x | ||
| COSCO SHIPPING Energy Transportation Co Ltd engages in the shipping business. The firm's business covers oil shipping, which includes vessel chartering. The company operates through the following segments: Oil transportation, LNG shipping, LPG transportation, and Chemical transportation. The majority of the firm's revenue is dominated by the Oil transportation segment. | $3 | +130% | $16B | $19B | 5.5x | 12.3x | ||
| Sichuan Chuantou Energy Co Ltd is engaged in the clean energy business. The company operates its businesses through four segments. The Electric Power Business segment focuses on generating electricity through hydropower, wind energy, and photovoltaic sources. The Investment Business segment is involved in equity participation in hydropower facilities, along with activities in asset and investment management. The Manufacturing Industry segment covers production areas such as railway telecontrol systems, construction materials, and automation control equipment for both industrial and power applications. The Service Industry segment encompasses property management offerings and tourism development initiatives. | $2 | -7% | $11B | $14B | 55.3x | 15.9x | ||
| Kunlun Energy Co Ltd is an integrated oil and gas service company. The firm is engaged in multiple activities which include exploration and production operations at its oils fields located internationally, operating natural gas pipelines mainly providing support services to the oil and gas industry, and offering processing and storage facilities of liquified natural gas(LNG), and sale of LNG and liquified petroleum gas across China. The group is engaged in a broad range of oil and gas related activities and derives its revenue from its four operating divisions: Natural Gas Sales, Sales of LPG, LNG Processing and Terminal, and Exploration and Production. | $1 | -4% | $8B | $5B | 0.2x | 1.9x | ||
| China Oilfield Services Ltd is engaged in the provision of oilfield services including drilling services, well services, marine support services, and geophysical acquisition and surveying services. It operates in four segments namely the drilling services segment offers oilfield drilling services, the well services segment offers logging and downhole services, the marine support services segment is engaged in the transportation of materials, supplies, and personnel to offshore facilities, moving and positioning drilling structures, and the geophysical acquisition and surveying services segment is engaged in the provision of offshore seismic data acquisition and marine surveying. It generates the majority of its revenue from Well services segment. | $2 | +12% | $8B | $9B | 1.3x | 5.0x | ||
| Guangdong Investment Ltd is engaged in investment holding. The segments of the company include Water resources, Property investment, Department store operation, Electric power generation, Hotel operation and management, Road and bridge segment, and Others segment. The company derives its revenue from the Water resources segment that engages in water distribution, sewage treatment, and construction of water supply and sewage treatment infrastructure for customers in Mainland China and Hong Kong. | $1 | +34% | $7B | $8B | 3.3x | 6.1x | ||
| CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers majority of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: Energy technology services; Floating Production Storage and Offloading (FPSO) Production Technical Service segment; Energy logistics services; and the Safety, environmental protection and Energy conservation. | $1 | +3% | $6B | $6B | 0.8x | 5.4x | ||
| China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2024, CRG’s portfolio comprised 276 city gas projects in China. The firm achieved annual gas sales volume of 39.9 billion cubic meters and has connected 60.1 million residential customers, or a penetration rate of 60.4%. | $2 | -10% | $5B | $7B | 0.6x | 5.0x | ||
| Jiangxi Jovo Energy Co Ltd is a large-scale clean energy integrated service provider in the midstream and terminal sectors of the gas industry. | $6 | +57% | $4B | $4B | 1.4x | 13.7x | ||
| Offshore Oil Engineering Co Ltd operates as an engineering design, procurement, construction, and installation (EPCI) company primarily for the oil and natural gas industry in China and internationally. The company provides technical services, subsea pipe maintenance, and other services for offshore oil underwater engineering; oil-gas field development and repair services; and consulting services for deep-sea engineering. | $1 | +20% | $4B | $2B | 0.5x | 3.0x | ||
| Nanjing Tanker Corp mainly engages in marine transportation in China. The company is also involved in ship construction and repairs, logistics and related support services. | $1 | +86% | $3B | $3B | 3.3x | 9.0x | ||
| Longshine Technology Group Co Ltd is engaged in the provision of software and IT services for the power and electricity industry. Its range of solutions in new energy and smart grid areas are electric vehicle smart charging service network operation management system; enterprise energy efficiency management system; wind power centralized monitoring system; smart electric substation; and mobile internet payments through Alipay. | $2 | -9% | $2B | $2B | 3.5x | 59.2x | ||
| Sinopec Kantons Holdings Ltd is a company that operates in the storage, logistics, and trading industry. It provides crude oil and oil product terminals, ancillary facilities, and logistics services including storage, transportation, and terminal services. The company has two main segments: the crude oil jetty and storage services segment and the vessel chartering and logistics services segment. The company generates the majority of its revenue from the crude oil jetty and storage services segment, which caters to crude oil transportation, unloading, storage, and other jetty services for oil tankers in the PRC, Europe, and the Middle East. Geographically, the company generates all of its revenue from the PRC. | $1 | -10% | $1B | $788M | 9.4x | 4.8x | ||
| Beijing Energy International Holding Co Ltd is principally engaged in the development, investment, operation, and management of solar power plants and other renewable energy projects. It has three reportable segments which are the solar energy business the wind power business and the hydropower business. The majority of revenue is from the solar energy business that includes operation and management of solar power generation projects located in the PRC and overseas. The company operates in the PRC, Australia, and Vietnam, out of which the maximum revenue is from the PRC. | $0 | -- | $289M | $9B | 8.1x | 10.0x | ||
| Naas Technology Inc is an electric vehicle charging service provider in China, whose vision is to power the world with carbon-neutral energy. It offers an integrated set of online solutions to charging station operators, a wide range of offline services that simplify the daily operations of charging station operators, and non-charging services such as food and beverage services to station operators. | $3 | -34% | $36M | $109M | 5.9x | (1.9x) | ||
| Median | $2 | +16% | $6B | $7B | 3.3x | 9.0x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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