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Largest Oil & Gas Public Companies in Greece
Benchmark revenue and EBITDA valuation multiples for public comps like
Motor Oil (Hellas), HELLENiQ ENERGY, Tsakos Energy Navigation, Imperial Ptrl and Elinoil Hellenic.
 | Motor Oil (Hellas) Corinth Refineries SA plays a role in the sectors of crude oil refining and marketing of petroleum products in Greece as well as the eastern Mediterranean region, supplying its customers with a wide range of quality products. The refinery, with its ancillary plants and fuel distribution facilities, forms the privately owned industrial complex in Greece. It serves petroleum marketing companies in Greece and internationally. The Group is active in four main operating business segments: Refining Activity, Fuels Marketing Activity, Power and Gas, and Other. It derives maximum revenue from Refining Activity. | $46 | +70% | $5B | $6B | 0.5x | 4.6x | ||
| HELLENiQ ENERGY Holdings SA is an energy group company. The company's activities include Refining, Supply, and Trading; Marketing (Domestic and International); Production and Trading of Petrochemicals; Electricity Generation (from conventional and renewable energy) & Trading and Natural Gas; and Exploration and Production of Hydrocarbons and Electromobility. The company's operating segment includes Refining, Marketing, Exploration & Production, Petrochemicals, RES, Gas & Power, and Others, and the majority of its revenue is generated from the Refining segment. | $12 | +26% | $4B | $7B | 0.5x | 6.0x | ||
| Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company’s carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements. | $36 | +90% | $1B | $3B | 3.6x | 7.0x | ||
| Imperial Petroleum Inc is a provider of international seaborne transportation services to oil producers, refineries, and commodities traders. It owns and operates a fleet of six medium-range product tankers that carry refined petroleum products such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals. | $5 | +67% | $233M | $21M | 0.1x | 0.3x | ||
| Elinoil Hellenic Petroleum Co SA is engaged in the production and marketing of liquid fuels, lubricants, gases, solid fuels and all types of related products. The company markets, refines, and produces petroleum products with chemicals and petrochemicals. | $2 | -9% | $59M | $59M | - | - | ||
| Pyxis Tankers Inc is an international maritime transportation company focused on mid-sized eco-vessels for the product tanker and dry-bulk sectors. It owns a fleet that comprises double-hull product tankers employed under a mix of short- and medium-term time charters and spot charters. The fleet owned by the company includes Konkar Ormi, Pyxis Lamda, Konkar Venture, Pyxis Karteria, and others. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil, and other liquid bulk items, such as vegetable oils and organic chemicals. The company operates under two reportable segments, Tanker Vessels, which derive maximum revenue, and Dry-bulk Vessels. | $5 | +71% | $49M | $80M | 2.0x | 4.7x | ||
| Revoil SA is an oil products reseller. The company's operation includes buying oil products from refineries and selling them as a wholesaler and as a retailer. It also offers petrol, diesel, heating oil, lubricants for petrol and diesel engines. | $2 | -4% | $41M | $41M | - | - | ||
| Median | $5 | +67% | $233M | $80M | 0.5x | 4.7x |
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