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Public Comps and Valuation Multiples for Oil & Gas

Benchmark revenue and EBITDA valuation multiples for public comps like
Aramco, Exxon Mobil, Chevron, PetroChina and Shell.

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Oil & Gas

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$1.8T$1.8T$447B4.0x7.8x
$620B$653B$341B1.9x8.9x
$373B$407B$196B2.1x9.0x
$312B$328B$428B0.8x4.6x
$263B$309B$281B1.1x5.3x
$200B$233B$184B1.3x5.7x
$187B$201B$109B1.8x10.1x
$168B$143B$61B2.3x3.7x
$145B$161B$62B2.6x6.2x
$142B$134B$45B3.0x8.9x
$136B$197B$96B2.1x4.2x
$121B$162B$189B0.9x4.2x
$116B$196B$46B4.3x13.3x
$96B$151B$416B0.4x5.5x
$95B$107B$29B3.7x7.6x
$94B$106B$108B1.0x2.6x
$87B$117B$12B9.6x14.8x
$83B$106B$101B1.0x5.3x
$81B$114B$53B2.2x11.3x
$77B$85B$36B2.4x10.0x
$75B$83B$37B2.3x7.0x
$72B$77B$24B3.2x5.9x
$70B$77B$124B0.6x9.2x
$70B$102B$17B5.9x12.1x
$68B$65B$20B3.2x7.9x
$66B$97B$138B0.7x7.7x
$64B$133B$90B1.5x8.1x
$64B$109B$11B9.6x13.3x
$64B$82B$141B0.6x9.4x
$61B$64B$36B1.8x11.0x
$61B$63B$28B2.3x13.1x
$56B$80B$13B6.1x11.2x
$55B$85B$25B3.4x6.4x
$55B$79B$21B3.8x11.1x
$53B$86B$34B2.5x10.6x
$52B$67B$14B4.7x6.4x
$51B$69B$18B3.8x13.4x
$48B$56B$41B1.4x6.9x
$46B$54B$14B3.9x5.5x
$43B$80B
$41B$44B$76B0.6x4.1x
$38B$50B$68B0.7x4.4x
$35B$43B$9B4.8x7.4x
$31B$50B$86B0.6x4.3x
$31B$37B$22B1.7x8.9x
$31B$64B$15B4.3x9.6x
$31B$34B$13B2.6x3.6x
$31B$28B$12B2.3x9.8x
$30B$44B$11B4.0x12.0x
$30B$31B
$29B$X.XB$27BX.XxX.Xx
$29B$X.XB$10BX.XxX.Xx
$28B$X.XB$879MX.XxX.Xx
$28B$X.XB$18BX.XxX.Xx
$27B$X.XB$66BX.XxX.Xx
$25B$X.XB$6BX.XxX.Xx
$24B$X.XB$73BX.XxX.Xx
$24B$X.XB$8BX.XxX.Xx
$23B$X.XB$11BX.XxX.Xx
$23B$X.XB$12BX.XxX.Xx
$23B$X.XB$5BX.XxX.Xx
$23B$X.XB$23BX.XxX.Xx
$23B$X.XB$30BX.XxX.Xx
$22B$X.XB$4BX.XxX.Xx
$21B$X.XB$81BX.XxX.Xx
$19B$X.XB$9BX.XxX.Xx
$18B$X.XB$6BX.XxX.Xx
$17B$X.XB$5BX.XxX.Xx
$17B$X.XB$4BX.XxX.Xx
$17B$X.XB$24BX.XxX.Xx
$17B$X.XB$20BX.XxX.Xx
$17B$X.XB$5BX.XxX.Xx
$17B$X.XB$3BX.XxX.Xx
$17B$X.XB$19BX.XxX.Xx
$16B$X.XB$4BX.XxX.Xx
$16B$X.XB$9BX.XxX.Xx
$15B$X.XB$46BX.XxX.Xx
$15B$X.XB$8BX.XxX.Xx
$14B$X.XBX.XxX.Xx
$14B$X.XB$56BX.XxX.Xx
$14B$X.XB$1BX.XxX.Xx
$13B$X.XB$46BX.XxX.Xx
$13B$X.XB$9BX.XxX.Xx
$13B$X.XB$30BX.XxX.Xx
$13B$X.XB$4BX.XxX.Xx
$12B$X.XB$9BX.XxX.Xx
$12B$X.XBX.XxX.Xx
$12B$X.XB$30BX.XxX.Xx
$12B$X.XB$51BX.XxX.Xx
$12B$X.XB$52BX.XxX.Xx
$12B$X.XB$20BX.XxX.Xx
$11B$X.XB$27BX.XxX.Xx
$11B$X.XB$6BX.XxX.Xx
$11B$X.XB$10BX.XxX.Xx
$11B$X.XB$3BX.XxX.Xx
$11B$X.XB$2BX.XxX.Xx
$10B$X.XB$5BX.XxX.Xx
$10B$X.XB$28BX.XxX.Xx
$10B$X.XB$1BX.XxX.Xx
$10B$X.XB$3BX.XxX.Xx
$10B$X.XB$7BX.XxX.Xx
$10B$X.XB$3BX.XxX.Xx
$9B$X.XB$18BX.XxX.Xx
$9B$X.XB$24BX.XxX.Xx
$9B$X.XB$7BX.XxX.Xx
$9B$X.XB$935MX.XxX.Xx
$9B$X.XB$2BX.XxX.Xx
$9B$X.XB$2BX.XxX.Xx
$8B$X.XB$5BX.XxX.Xx
$8B$X.XB$9BX.XxX.Xx
$8B$X.XB$10MX.XxX.Xx
$8B$X.XB$2BX.XxX.Xx
$8B$X.XB$29BX.XxX.Xx
$8B$X.XB$922MX.XxX.Xx
$8B$X.XB$3BX.XxX.Xx
$8B$X.XB$1BX.XxX.Xx
$8B$X.XB$3BX.XxX.Xx
$7B$X.XB$5BX.XxX.Xx
$7B$X.XB$5BX.XxX.Xx
$7B$X.XB$6BX.XxX.Xx
$7B$X.XB$5BX.XxX.Xx
$7B$X.XB$4BX.XxX.Xx
$7B$X.XB$4BX.XxX.Xx
$7B$X.XB$2BX.XxX.Xx
$7B$X.XB$4BX.XxX.Xx
$7B$X.XB$3BX.XxX.Xx
$7B$X.XB$1BX.XxX.Xx
$7B$X.XB$4BX.XxX.Xx
$7B$X.XB$7BX.XxX.Xx
$7B$X.XB$9BX.XxX.Xx
$7B$X.XB$28BX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$5BX.XxX.Xx
$6B$X.XB$10BX.XxX.Xx
$6B$X.XB$4BX.XxX.Xx
$6B$X.XB$12BX.XxX.Xx
$6B$X.XBX.XxX.Xx
$6B$X.XBX.XxX.Xx
$6B$X.XB$10BX.XxX.Xx
$6B$X.XB$22BX.XxX.Xx
$6B$X.XB$3BX.XxX.Xx
$6B$X.XBX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$22BX.XxX.Xx
$6B$X.XB$3BX.XxX.Xx
$6B$X.XB$4BX.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$395MX.XxX.Xx
$5B$X.XB$353MX.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XBX.XxX.Xx
$5B$X.XB$6BX.XxX.Xx
$5B$X.XB$10BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$9BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$14BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XB$46BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$30BX.XxX.Xx
$5B$X.XB$21BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$4B$X.XB$4BX.XxX.Xx
$4B$X.XB$16BX.XxX.Xx
$4B$X.XB$15BX.XxX.Xx
$4B$X.XB$8BX.XxX.Xx
$4B$X.XBX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$9BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$745MX.XxX.Xx
$4B$X.XB$7BX.XxX.Xx
$4B$X.XB$4BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$682MX.XxX.Xx
$4B$X.XB$5BX.XxX.Xx
$4B$X.XB$5BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$915MX.XxX.Xx
$4B$X.XB$979MX.XxX.Xx
$4B$X.XB$7BX.XxX.Xx
$4B$X.XB$10BX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$866MX.XxX.Xx
$4B$X.XB$14BX.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$3B$X.XB$8BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$256MX.XxX.Xx
$3B$X.XB$13BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XB$30BX.XxX.Xx
$3B$X.XB$9BX.XxX.Xx
$3B$X.XB$875MX.XxX.Xx
$3B$X.XB$8BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$20BX.XxX.Xx
$3B$X.XB$7BX.XxX.Xx
$3B$X.XB$719MX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$464MX.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$3B$X.XB$549MX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$3B$X.XB$429MX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$559MX.XxX.Xx
$3B$X.XB$7BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$6BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$11BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$4BX.XxX.Xx
$2B$X.XB$625MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$827MX.XxX.Xx
$2B$X.XB$90MX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$443MX.XxX.Xx
$2B$X.XB$925MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$13BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$225MX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$6BX.XxX.Xx
$2B$X.XB$213MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$986MX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$387MX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$17BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$340MX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$22BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$449MX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$5BX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$769MX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$983MX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$339MX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$542MX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$288MX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$814MX.XxX.Xx
$1B$X.XB$212MX.XxX.Xx
$1B$X.XB$550MX.XxX.Xx
$1B$X.XB$548MX.XxX.Xx
$1B$X.XB$37BX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$3BX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$706MX.XxX.Xx
$1B$X.XB$635MX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$648MX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$950MX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$991M$X.XBX.XxX.Xx
$987M$X.XBX.XxX.Xx
$978M$X.XB$804MX.XxX.Xx
$972M$X.XBX.XxX.Xx
$956M$X.XBX.XxX.Xx
$950M$X.XBX.XxX.Xx
$942M$X.XBX.XxX.Xx
$929M$X.XB$495MX.XxX.Xx
$859M$X.XB$570MX.XxX.Xx
$843M$X.XBX.XxX.Xx
$833M$X.XBX.XxX.Xx
$812M$X.XB$605MX.XxX.Xx
$808M$X.XB$3BX.XxX.Xx
$792M$X.XBX.XxX.Xx
$771M$X.XB$471MX.XxX.Xx
$752M$X.XB$270MX.XxX.Xx
$749M$X.XB$523MX.XxX.Xx
$744M$X.XB$848MX.XxX.Xx
$733M$X.XB$306MX.XxX.Xx
$732M$X.XB$351MX.XxX.Xx
$710M$X.XB$466MX.XxX.Xx
$702M$X.XB$471MX.XxX.Xx
$692M$X.XBX.XxX.Xx
$691M$X.XB$533MX.XxX.Xx
$673M$X.XB$673MX.XxX.Xx
$670M$X.XB$806MX.XxX.Xx
$658M$X.XB$415MX.XxX.Xx
$644M$X.XB$421MX.XxX.Xx
$641M$X.XB$496MX.XxX.Xx
$602M$X.XB$367MX.XxX.Xx
$601M$X.XB$797MX.XxX.Xx
$592M$X.XBX.XxX.Xx
$576M$X.XBX.XxX.Xx
$564M$X.XBX.XxX.Xx
$560M$X.XB$265MX.XxX.Xx
$545M$X.XB$161MX.XxX.Xx
$527M$X.XB$278MX.XxX.Xx
$523M$X.XB$2BX.XxX.Xx
$509M$X.XBX.XxX.Xx
$501M$X.XB$1BX.XxX.Xx
$500M$X.XB$428MX.XxX.Xx
$494M$X.XBX.XxX.Xx
$487M$X.XB$179MX.XxX.Xx
$483M$X.XBX.XxX.Xx
$442M$X.XB$845MX.XxX.Xx
$426M$X.XBX.XxX.Xx
$419M$X.XBX.XxX.Xx
$417M$X.XB$517MX.XxX.Xx
$411M$X.XBX.XxX.Xx
$405M$X.XB$567MX.XxX.Xx
$398M$X.XB$577MX.XxX.Xx
$390M$X.XB$209MX.XxX.Xx
$387M$X.XB$634MX.XxX.Xx
$372M$X.XB$277MX.XxX.Xx
$358M$X.XBX.XxX.Xx
$354M$X.XB$366MX.XxX.Xx
$342M$X.XBX.XxX.Xx
$341M$X.XB$986MX.XxX.Xx
$326M$X.XBX.XxX.Xx
$324M$X.XBX.XxX.Xx
$307M$X.XB$48MX.XxX.Xx
$306M$X.XB$336MX.XxX.Xx
$304M$X.XB$147MX.XxX.Xx
$303M$X.XB$438MX.XxX.Xx
$302M$X.XBX.XxX.Xx
$296M$X.XB$6BX.XxX.Xx
$295M$X.XB$105MX.XxX.Xx
$283M$X.XB$5MX.XxX.Xx
$279M$X.XB$685KX.XxX.Xx
$277M$X.XB$600MX.XxX.Xx
$266M$X.XB$140MX.XxX.Xx
$264M$X.XB$23MX.XxX.Xx
$257M$X.XB$40MX.XxX.Xx
$254M$X.XB$783MX.XxX.Xx
$252M$X.XBX.XxX.Xx
$251M$X.XB$851MX.XxX.Xx
$249M$X.XBX.XxX.Xx
$242M$X.XB$2BX.XxX.Xx
$241M$X.XB$10MX.XxX.Xx
$240M$X.XB$281MX.XxX.Xx
$237M$X.XB$98MX.XxX.Xx
$228M$X.XBX.XxX.Xx
$227M$X.XB$232MX.XxX.Xx
$218M$X.XB$103MX.XxX.Xx
$214M$X.XBX.XxX.Xx
$212M$X.XBX.XxX.Xx
$207M$X.XB$70MX.XxX.Xx
$205M$X.XB$260MX.XxX.Xx
$196M$X.XB$416MX.XxX.Xx
$194M$X.XB$159MX.XxX.Xx
$193M$X.XBX.XxX.Xx
$185M$X.XB$330MX.XxX.Xx
$182M$X.XB$186MX.XxX.Xx
$182M$X.XB$52MX.XxX.Xx
$179M$X.XB$63MX.XxX.Xx
$177M$X.XB$2BX.XxX.Xx
$175M$X.XB$63MX.XxX.Xx
$171M$X.XBX.XxX.Xx
$163M$X.XBX.XxX.Xx
$155M$X.XB$184MX.XxX.Xx
$145M$X.XB$149MX.XxX.Xx
$130M$X.XB$183MX.XxX.Xx
$130M$X.XBX.XxX.Xx
$127M$X.XB$1KX.XxX.Xx
$127M$X.XB$44MX.XxX.Xx
$123M$X.XBX.XxX.Xx
$119M$X.XBX.XxX.Xx
$118M$X.XBX.XxX.Xx
$107M$X.XBX.XxX.Xx
$104M$X.XBX.XxX.Xx
$102M$X.XB$160MX.XxX.Xx
$101M$X.XB$716MX.XxX.Xx
$99M$X.XBX.XxX.Xx
$97M$X.XBX.XxX.Xx
$96M$X.XBX.XxX.Xx
$95M$X.XB$17MX.XxX.Xx
$88M$X.XB$1BX.XxX.Xx
$84M$X.XB$70MX.XxX.Xx
$84M$X.XBX.XxX.Xx
$82M$X.XBX.XxX.Xx
$80M$X.XBX.XxX.Xx
$77M$X.XBX.XxX.Xx
$66M$X.XB$66MX.XxX.Xx
$64M$X.XBX.XxX.Xx
$59M$X.XBX.XxX.Xx
$52M$X.XBX.XxX.Xx
$45M$X.XB$40MX.XxX.Xx
$43M$X.XB$640MX.XxX.Xx
$42M$X.XB$171MX.XxX.Xx
$41M$X.XBX.XxX.Xx
$39M$X.XBX.XxX.Xx
$38M$X.XBX.XxX.Xx
$35M$X.XBX.XxX.Xx
$31M$X.XBX.XxX.Xx
$30M$X.XBX.XxX.Xx
$29M$X.XBX.XxX.Xx
$28M$X.XBX.XxX.Xx
$27M$X.XB$17MX.XxX.Xx
$25M$X.XB$95MX.XxX.Xx
$24M$X.XBX.XxX.Xx
$14M$X.XBX.XxX.Xx
$12M$X.XBX.XxX.Xx
$11M$X.XBX.XxX.Xx
$10M$X.XBX.XxX.Xx
$10M$X.XBX.XxX.Xx
$10M$X.XBX.XxX.Xx
$9M$X.XBX.XxX.Xx
$9M$X.XBX.XxX.Xx
$8M$X.XBX.XxX.Xx
$8M$X.XBX.XxX.Xx
$7M$X.XBX.XxX.Xx
$7M$X.XBX.XxX.Xx
$5M$X.XBX.XxX.Xx
$4M$X.XB$115MX.XxX.Xx
$4M$X.XBX.XxX.Xx
$4M$X.XBX.XxX.Xx
$3M$X.XBX.XxX.Xx
$3M$X.XB$10MX.XxX.Xx
$3M$X.XBX.XxX.Xx
$1M$X.XBX.XxX.Xx
$1M$X.XBX.XxX.Xx
$1M$X.XBX.XxX.Xx
$914K$X.XBX.XxX.Xx
$633K$X.XB$519MX.XxX.Xx
$270K$X.XBX.XxX.Xx
$X.XBX.XxX.Xx
$X.XBX.XxX.Xx
$X.XBX.XxX.Xx

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