Public Comps and Valuation Multiples for Oil & Gas

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

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Oil & Gas

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$1.8T$1.8T$481B3.7x7.2x
$629B$668B$367B1.8x8.1x
$381B$421B$211B2.0x7.6x
$282B$306B$452B0.7x4.2x
$239B$293B$296B1.0x4.6x
$183B$195B$117B1.7x9.9x
$180B$215B$192B1.1x4.8x
$147B$118B$66B1.8x2.9x
$143B$160B$66B2.4x5.7x
$141B$142B$47B3.0x8.9x
$121B$203B$47B4.3x13.9x
$111B$175B$102B1.7x3.4x
$108B$147B$199B0.7x3.5x
$94B$105B$32B3.3x6.7x
$93B$99B$135B0.7x8.1x
$93B$126B$147B0.9x7.5x
$90B$119B$12B9.9x14.7x
$86B$98B$111B0.9x2.2x
$86B$142B$430B0.3x5.1x
$85B$107B$146B0.7x9.1x
$83B$117B$54B2.2x11.3x
$76B$81B$26B3.1x5.5x
$75B$84B$40B2.1x5.9x
$72B$104B$18B5.9x11.9x
$72B$91B$103B0.9x4.4x
$72B$11B
$70B$18B
$70B$98B
$70B$36B
$60B$39B
$60B$19B
$58B$36B
$57B$13B
$56B$16B
$56B$25B
$56B$28B
$55B$21B
$53B$41B
$51B$20B
$46B$79B
$42B$14B
$41B-
$35B$16B
$33B$86B
$33B$31B
$33B$74B
$31B$9.1B
$31B$72B
$31B$12B
$30B$10B
$29B$5.9B
$29B$24B
$29B$907M
$29B$12B
$28B$22B
$26B$14B
$25B$21B
$25B$8.1B
$25B$5B
$23B$31B
$22B$12B
$21B$76B
$21B$13B
$21B$94B
$20B$20B
$19B$4.2B
$19B$2.8B
$18B$26B
$18B$6.1B
$18B$8.8B
$18B$4.9B
$18B$5.7B
$18B$5B
$17B$9.3B
$17B$49B
$17B$9.1B
$17B$30B
$15B$1.8B
$14B$1.3B
$14B$55B
$14B$35B
$14B$5.1B
$14B-
$13B$62B
$13B$4.8B
$13B$9B
$13B$23B
$12B$5.4B
$12B$9.3B
$12B$11B
$11B$4.3B
$11B$27B
$11B$27B
$11B$1.2B
$11B-
$10B$6B
$10B$30B
$9.9B$7.4B
$9.6B$18B
$9.5B$54B
$9.5B$52B
$9.5B$2.7B
$9B$4B
$8.9B$3.3B
$8.8B$1.9B
$8.7B$13B
$8.6B$1.8B
$8.1B-
$8.1B$2.8B
$8B$906M
$7.8B$2B
$7.8B$33B
$7.7B$5.4B
$7.7B$2.5B
$7.7B$29B
$7.6B-
$7.6B$5.4B
$7.5B$2.4B
$7.3B$21B
$7.2B$3.4B
$6.9B$7.6B
$6.8B$3.1B
$6.8B$1.4B
$6.7B$3.8B
$6.7B$8.8B
$6.6B$1.1B
$6.6B$29B
$6.4B$23B
$6.3B-
$6.2B$5.4B
$6.2B$3.1B
$6.2B$1.5B
$6.1B$6.4B
$6.1B$2.6B
$6B$14B
$6B$4.8B
$5.9B$3.5B
$5.9B-
$5.8B$3.9B
$5.7B$400M
$5.6B$7.7B
$5.4B$2.2B
$5.4B$2.2B
$5.4B$4.7B
$5.4B$3.2B
$5.4B$8.6B
$5.3B$2.9B
$5.2B$9.2B
$5.2B$4.8B
$5.1B$50B
$5.1B$1.6B
$5.1B-
$5.1B$416M
$5B$3.2B
$5B$11B
$4.9B$1.5B
$4.8B-
$4.8B$1.2B
$4.8B$949M
$4.8B$2.2B
$4.7B$9.8B
$4.7B$3.6B
$4.7B$12B
$4.7B$21B
$4.7B$1.3B
$4.6B$1.5B
$4.5B$1.3B
$4.5B$1.1B
$4.5B$2.9B
$4.4B$13B
$4.3B$3.8B
$4.3B$4.5B
$4.3B$14B
$4.2B$1.7B
$4.1B$12B
$4.1B-
$4.1B$4.2B
$4B$7.8B
$4B$4.7B
$4B$744M
$4B$6.8B
$4B$1.1B
$3.9B$1.2B
$3.9B$2.1B
$3.9B$1.4B
$3.8B$4.4B
$3.8B$17B
$3.8B-
$3.8B$34B
$3.8B$8B
$3.8B$8.2B
$3.8B$7.4B
$3.7B$1.8B
$3.7B$1B
$3.6B$4.3B
$3.6B$1B
$3.6B$3.2B
$3.6B$7.7B
$3.5B$277M
$3.5B$4.4B
$3.5B$3.9B
$3.4B$10B
$3.3B$104M
$3.2B$8B
$3.2B$10B
$3.2B$2.2B
$3.2B$1.2B
$3.1B$459M
$3B$7.2B
$3B$644M
$3B$1.9B
$3B-
$3B$574M
$3B$11B
$2.9B$1.1B
$2.9B$1.2B
$2.9B$1.6B
$2.9B$1.3B
$2.8B$20B
$2.8B$2.8B
$2.8B$1.5B
$2.7B$1.5B
$2.7B-
$2.6B$708M
$2.6B$1.9B
$2.5B$1.5B
$2.5B$811M
$2.5B$1.9B
$2.4B$2.4B
$2.4B$931M
$2.3B-
$2.2B$1.3B
$2.2B$517M
$2.2B$917M
$2.2B$971M
$2.1B$5.9B
$2.1B$224M
$2.1B$4B
$2B-
$2B$2.7B
$2B$17B
$1.9B-
$1.9B$513M
$1.9B$1.6B
$1.9B$39B
$1.8B$1B
$1.8B$1.2B
$1.8B$2.4B
$1.8B$1.7B
$1.8B$2.2B
$1.8B$669M
$1.8B$1.7B
$1.8B$1.1B
$1.8B-
$1.8B$2.6B
$1.7B$2.3B
$1.7B$5.4B
$1.7B-
$1.7B$2B
$1.7B$400M
$1.7B$2B
$1.7B$419M
$1.7B$847M
$1.6B$24B
$1.6B$1.2B
$1.6B-
$1.6B$13B
$1.6B$755M
$1.6B$1.5B
$1.5B$350M
$1.4B$1.5B
$1.4B$1.3B
$1.4B$1B
$1.4B$816M
$1.4B-
$1.4B$1.3B
$1.4B$5.9B
$1.4B-
$1.4B$254M
$1.3B$1.1B
$1.3B$644M
$1.3B$1.6B
$1.3B$532M
$1.3B$514M
$1.3B-
$1.3B$1.7B
$1.3B-
$1.3B$1B
$1.3B$1.7B
$1.3B-
$1.3B$566M
$1.3B$967M
$1.3B$554M
$1.3B$1.4B
$1.3B$3.3B
$1.2B$2.1B
$1.2B$1.3B
$1.2B$299M
$1.2B$1.4B
$1.2B$783M
$1.2B$2.3B
$1.2B-
$1.2B-
$1.2B-
$1.1B-
$1.1B$16B
$1.1B-
$1B-
$1B-
$1B$5.9B
$995M$694M
$986M$950M
$974M$867M
$956M-
$931M-
$928M-
$920M-
$920M$1.8B
$899M$1B
$880M$1.9B
$866M$375M
$846M-
$845M$855M
$839M$3.3B
$826M$608M
$804M$408M
$803M$390M
$783M$453M
$778M-
$773M-
$744M$596M
$732M$304M
$731M$1.8B
$726M$570M
$721M$374M
$704M$2.2B
$699M$462M
$672M$1.1B
$664M$284M
$659M$549M
$654M$1.2B
$648M$829M
$648M$859M
$623M-
$620M$507M
$619M-
$609M-
$600M$1M
$583M$599M
$582M$403M
$571M$530M
$540M$544M
$526M$519M
$517M$658M
$510M$184M
$509M-
$508M$197M
$475M$184M
$474M-
$467M$444M
$462M$279M
$442M-
$425M-
$424M$299M
$423M$575M
$419M$276M
$395M-
$391M$919M
$388M-
$385M$606M
$363M$371M
$361M$34M
$358M$926M
$356M$128M
$356M$277M
$350M-
$330M$16M
$322M$201M
$322M$163M
$321M-
$314M$3.3B
$310M$387M
$309M$185M
$296M-
$288M$211M
$285M$929M
$273M-
$252M-
$252M$536M
$249M-
$247M$1.2B
$244M$643M
$242M$46M
$241M$822M
$229M$158M
$229M$841K
$225M-
$223M$417M
$222M$4M
$217M$1.9B
$214M-
$214M$221M
$211M-
$210M$330M
$209M$110M
$206M-
$199M$55M
$195M$107M
$190M$743M
$189M$71M
$186M$8M
$179M$40M
$179M-
$170M$52M
$167M$275M
$166M$212M
$165M$58M
$164M$183M
$161M$562M
$159M-
$158M$29M
$155M$283M
$148M-
$148M-
$135M$44M
$132M-
$123M-
$123M$149M
$122M-
$121M-
$119M$188M
$115M$82M
$114M$170M
$111M-
$98M-
$98M-
$96M-
$94M-
$94M$1.3B
$93M$716M
$92M-
$80M$161M
$77M-
$77M-
$75M-
$75M-
$67M$6M
$64M$60M
$63M-
$60M-
$57M-
$52M$8M
$52M-
$49M-
$47M$653M
$46M$39M
$44M-
$40M-
$39M-
$38M-
$37M-
$36M-
$36M$32M
$34M$46M
$33M-
$30M$97M
$29M-
$28M-
$26M$2M
$26M-
$26M-
$25M$52M
$24M-
$23M-
$21M-
$19M-
$15M$7M
$15M-
$14M-
$13M-
$10M-
$8M$127M
$7M-
$7M-
$7M-
$7M-
$7M-
$6M-
$3M-
$3M-
$3M-
$3M$9M
$3M-
$3M-
$3M-
$2M-
$2M-
$2M-
$2M-
$1M-
$1M-
$865K-
$760K-
$611K-
$247K-
$80K-
$47K-
$4K-
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