![Isramco Negev 2 logo](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>)
October 2026
Largest Oil & Gas Public Companies in Israel
Benchmark revenue and EBITDA valuation multiples for public comps like
NewMed Energy, Delek Group, Navitas Petroleum, Paz Retail And Energy and Oil Refineries.
 | NewMed Energy LP operates in the energy field. Its primary business is exploring, developing, producing, and marketing natural gas, condensate, and oil in Israel and Cyprus and promoting various natural gas-based projects. The Partnership aims to increase the volume of its natural gas sales. | $5 | +3% | $6.3B | $7.6B | 7.5x | 10.5x | ||
| Delek Group Ltd operates in the oil and natural gas exploration, development, production and marketing sector in Israel and abroad. through investees. The operating segments of the company are, 1) Energy in Israel segment includes the development, production and sale of natural gas in the existing oil assets of the Partnership, and oil and natural gas exploration in the Mediterranean Sea, 2) the Foreign energy segment includes projects of the UK continental shelf in the North sea region through Ithaca Energy plc which is controlled indirectly by the company and 3) additional operations. The company operates primarily in Israel and North Sea region. | $27 | +2% | $4.9B | $11B | 8.3x | 10.9x | ||
| Navitas Petroleum LP is engaged in oil and gas exploration and production in North America. The Company operates out of the United States (Houston) and Israel (Herzliya). | $39 | +10% | $4.8B | $6.5B | 14.0x | 88.5x | ||
| Paz Retail And Energy Ltd formerly Paz Oil Co Ltd is a energy company that engages in the refining, production, storage, importing and marketing of fuel products. Alongside these operations, Paz has fuel product storage, distribution terminals, and a network of filling stations and convenience stores. The majority of revenue can be traced back to the company's retail and wholesale and refining divisions. The R&W division participates in the marketing, distributing, and transporting of oil at filling stations. This division also is involved in the management, leasing, logistics, and maintenance of many of the filling stations and convenience stores. Operations under the refining division include the import of crude oil and related products, production of oil distillates. | $275 | +28% | $3B | $4.3B | 1.2x | 9.9x | ||
| Oil Refineries Ltd (ORL), also known as Bazan Group, engages in the production of fuel products. It also manufactures raw materials for the petrochemical industry and materials for the plastic industry, including oils, wax, and accompanying products. The company also provides power and water (mainly electricity and steam) services to a number of industries located near the refinery in Israel. The variety of products refined by ORL is used in industrial operations, transportation, private consumption, agriculture, and infrastructures. ORL plays a key role in Israel's refinery complex, with a major portion of refined products going to local consumption. Although the majority of operations are consumed by refining, ORL is also active in polymer and aromatic production through subsidiaries. | $1 | +125% | $2.1B | $2.7B | 0.5x | 7.6x | ||
| Isramco Negev 2 LP is principally engaged in the exploration, development, and production of oil, natural gas, and condensate, with operations based in Israel and some interests potentially in regional fields. | $1 | -10% | $1.7B | $2.1B | 4.1x | 9.4x | ||
| Ratio Energies LP focuses on the engaged in exploration, development, and production of natural gas and condensate from the Leviathan reservoir in the area of the Leviathan South and Leviathan North. | $2 | +8% | $1.7B | $2.1B | 6.4x | 9.7x | ||
| Equital Ltd provides real estate management services and rental services. The company also provides oil and gas exploration services. | $34 | -30% | $1.2B | $5.2B | 4.4x | 7.9x | ||
| Naphtha Israel Petroleum Corp Ltd explores oil & gas. It also engages in real estate operations in Israel and Europe. Some of its subsidiaries are Isramco Oil & Gas, Unikurs Kft, Bivvy Kft, Stars Invest S.R.O., Isramco Properties GmbH, and A.M.S. GmbH. | $9 | +2% | $813M | $1.5B | 1.9x | 5.6x | ||
| Tamar Petroleum Ltd is an Israel based company engaged in the production, and sale of natural gas. It has interest rights in the Tamar and Dalit reservoirs located in the west of Haifa. The company's only operating segment is exploration, development, production, and sale of natural gas. | $9 | -29% | $788M | $1.4B | 4.8x | 10.3x | ||
| Ashdod Refinery Ltd is a company involved in imports and refining of crude oil and intermediates for petroleum distillates intended for marketing in the local market and for export purposes. | $49 | -- | $609M | $571M | - | - | ||
| Cohen Development Gas & Oil Ltd is engaged in the oil and natural gas sector, through holding the right to receive royalties from oil assets. | $49 | -- | $351M | $317M | - | - | ||
| Tomer Energy Royalties (2012) Ltd is a special-purpose yield company. The company’s sole business is the holding of the right to receive overriding royalties in respect of oil and/or gas and/or other valuable materials derived from the share of various companies and entities holding oil and gas reservoirs, both in Israel and elsewhere in the world. | $4 | -- | $89M | $142M | - | - | ||
| Givot Olam Oil Exploration LP is Israel based company. It is engaged in exploration & development of Meged oil field at Rosh Ha'Ayin, Israel. | $0 | -- | $70M | $96M | - | - | ||
| Modiin Energy LP is engaged in the exploration and extraction of oil and natural gas. It has projects in California, USA located in Mountainview, GrapeVine, Casini, Concord, Shideler. | $1 | -- | $55M | $22M | - | - | ||
| Lapidoth Heletz LP is an Israel-based company. It is engaged in designing & operating onshore oil or gas drilling & production activities. It offers drilling, logging, cementing, petrophysics, reservoir engineering, logistics, research drilling, soil sampling, & production services. | $0 | -- | $31M | - | ||||
| Israel Opportunity Energy Resources LP is engaged in exploration, development and production of oil and gas. It holds participation rights in marine and land assets in Israel, which provide exposure to Israel's deep water potential. | $0 | -- | $22M | $20M | ||||
| Ratio Petroleum Energy is an Israeli publicly traded energy partnership established in 2011. It was formed to pursue oil and gas exploration, development and production opportunities outside Israel. The partnership targets underexplored offshore basins where geological work may identify material hydrocarbon resources. Its interests currently span the Guyana-Suriname Basin, Morocco's Dakhla Atlantique area and the East Palawan Basin in the Philippines. Ratio has conducted seismic and drilling programs with international operating and financial partners and reported an oil discovery at the Tanager-1 well in Guyana. The partnership can acquire, farm down and operate exploration interests as projects advance. Its participation units began trading publicly in Israel in 2017. Commercial returns depend on discoveries, asset transactions and eventual production rather than a consumer-facing product or service. | $1 | -- | $21M | $18M | ||||
| PetroTX LP is engaged in oil and gas investments. The company develops an investment portfolio through the acquisitions of oil and gas producing properties in the United States. It also seeks for expansion through additional drilling or completion activities. Its properties portfolio consists of assets in the states of Texas and Mississippi. | $1 | -- | $804K | $4M | ||||
| Rotem Energy Mineral (Rem) LP is engaged in the exploration and production of shale oil in the Negev. The company has set up facilities for the production of oil and the production of electricity from oil shale and organic municipal waste (mainly plastic waste) in the Mishor Rotem region. | $1 | -- | $701K | $1M | ||||
| Median | $3 | +3% | $698M | $1.4B | 4.6x | 9.8x |
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