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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
$614B$647B$347B1.9x8.7x
$365B$399B$200B2.0x8.6x
$301B$316B$429B0.7x4.5x
$241B$287B$285B1.0x4.8x
$199B$213B$109B1.9x10.7x
$183B$216B$185B1.2x5.2x
$166B$141B$61B2.3x3.7x
$142B$158B$62B2.6x6.0x
$141B$132B$45B3.0x8.7x
$126B$186B$96B1.9x3.9x
$114B$195B$46B4.3x13.2x
$113B$153B$192B0.8x3.9x
$93B$148B$416B0.4x5.3x
$90B$102B$29B3.5x7.0x
$89B$101B$110B0.9x2.4x
$87B$116B$12B9.5x14.6x
$80B$114B$53B2.2x11.2x
$78B$86B$36B2.4x10.1x
$75B$98B$101B1.0x4.8x
$73B$81B$37B2.2x6.6x
$71B$103B$17B6.0x12.1x
$69B$74B$24B3.1x5.6x
$68B$75B$124B0.6x8.8x
$67B$63B$20B3.2x7.7x
$65B$134B$91B1.5x8.1x
$63B$109B$11B9.6x13.2x
$63B$94B$139B0.7x7.4x
$62B$81B$141B0.6x9.2x
$59B$61B$36B1.7x10.1x
$59B$61B$28B2.2x12.6x
$57B$81B$13B6.2x11.3x
$54B$84B$25B3.3x6.2x
$53B$77B$21B3.8x10.9x
$53B$86B$34B2.5x10.6x
$52B$66B$14B4.6x6.3x
$50B$67B$18B3.7x13.1x
$46B$55B$41B1.3x6.2x
$43B$51B$14B3.7x5.2x
$43B$80B
$41B$44B$76B0.6x4.1x
$38B$51B$69B0.7x4.4x
$36B$43B$9B4.8x7.4x
$31B$49B$87B0.6x4.2x
$31B$37B$22B1.7x8.8x
$30B$45B$11B4.1x12.1x
$30B$30B$872M34.2x40.4x
$30B$30B
$29B$27B$12B2.2x9.3x
$28B$61B$15B4.1x9.1x
$28B$X.XB$10BX.XxX.Xx
$28B$X.XB$13BX.XxX.Xx
$28B$X.XB$19BX.XxX.Xx
$28B$X.XB$27BX.XxX.Xx
$26B$X.XB$66BX.XxX.Xx
$25B$X.XB$6BX.XxX.Xx
$24B$X.XB$8BX.XxX.Xx
$23B$X.XB$12BX.XxX.Xx
$23B$X.XB$5BX.XxX.Xx
$23B$X.XB$73BX.XxX.Xx
$23B$X.XB$4BX.XxX.Xx
$22B$X.XB$82BX.XxX.Xx
$22B$X.XB$11BX.XxX.Xx
$22B$X.XB$23BX.XxX.Xx
$22B$X.XB$30BX.XxX.Xx
$18B$X.XB$9BX.XxX.Xx
$18B$X.XB$3BX.XxX.Xx
$17B$X.XB$6BX.XxX.Xx
$17B$X.XB$5BX.XxX.Xx
$17B$X.XB$4BX.XxX.Xx
$17B$X.XB$5BX.XxX.Xx
$16B$X.XB$21BX.XxX.Xx
$16B$X.XB$19BX.XxX.Xx
$16B$X.XB$4BX.XxX.Xx
$16B$X.XB$24BX.XxX.Xx
$15B$X.XB$9BX.XxX.Xx
$15B$X.XB$46BX.XxX.Xx
$15B$X.XB$46BX.XxX.Xx
$15B$X.XB$56BX.XxX.Xx
$14B$X.XB$8BX.XxX.Xx
$14B$X.XBX.XxX.Xx
$13B$X.XB$1BX.XxX.Xx
$13B$X.XB$9BX.XxX.Xx
$13B$X.XB$4BX.XxX.Xx
$12B$X.XB$51BX.XxX.Xx
$12B$X.XBX.XxX.Xx
$12B$X.XB$30BX.XxX.Xx
$12B$X.XB$30BX.XxX.Xx
$11B$X.XB$6BX.XxX.Xx
$11B$X.XB$10BX.XxX.Xx
$11B$X.XB$9BX.XxX.Xx
$11B$X.XB$52BX.XxX.Xx
$11B$X.XB$20BX.XxX.Xx
$11B$X.XB$2BX.XxX.Xx
$10B$X.XB$5BX.XxX.Xx
$10B$X.XB$28BX.XxX.Xx
$10B$X.XB$27BX.XxX.Xx
$10B$X.XB$2BX.XxX.Xx
$10B$X.XB$3BX.XxX.Xx
$10B$X.XB$1BX.XxX.Xx
$10B$X.XB$3BX.XxX.Xx
$9B$X.XB$7BX.XxX.Xx
$9B$X.XB$24BX.XxX.Xx
$9B$X.XB$2BX.XxX.Xx
$9B$X.XB$18BX.XxX.Xx
$9B$X.XB$7BX.XxX.Xx
$8B$X.XB$10MX.XxX.Xx
$8B$X.XB$934MX.XxX.Xx
$8B$X.XB$5BX.XxX.Xx
$8B$X.XB$29BX.XxX.Xx
$8B$X.XB$2BX.XxX.Xx
$8B$X.XB$2BX.XxX.Xx
$8B$X.XB$1BX.XxX.Xx
$8B$X.XB$9BX.XxX.Xx
$8B$X.XB$3BX.XxX.Xx
$7B$X.XB$925MX.XxX.Xx
$7B$X.XB$3BX.XxX.Xx
$7B$X.XB$5BX.XxX.Xx
$7B$X.XB$5BX.XxX.Xx
$7B$X.XB$5BX.XxX.Xx
$7B$X.XB$4BX.XxX.Xx
$7B$X.XB$3BX.XxX.Xx
$7B$X.XB$1BX.XxX.Xx
$7B$X.XB$6BX.XxX.Xx
$7B$X.XB$2BX.XxX.Xx
$7B$X.XB$4BX.XxX.Xx
$6B$X.XB$4BX.XxX.Xx
$6B$X.XB$28BX.XxX.Xx
$6B$X.XB$7BX.XxX.Xx
$6B$X.XB$10BX.XxX.Xx
$6B$X.XB$9BX.XxX.Xx
$6B$X.XB$4BX.XxX.Xx
$6B$X.XB$22BX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$4BX.XxX.Xx
$6B$X.XBX.XxX.Xx
$6B$X.XB$12BX.XxX.Xx
$6B$X.XBX.XxX.Xx
$6B$X.XBX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$3BX.XxX.Xx
$6B$X.XB$1BX.XxX.Xx
$6B$X.XB$5BX.XxX.Xx
$6B$X.XBX.XxX.Xx
$6B$X.XB$10BX.XxX.Xx
$6B$X.XB$4BX.XxX.Xx
$5B$X.XB$23BX.XxX.Xx
$5B$X.XB$759MX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$395MX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$363MX.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XB$9BX.XxX.Xx
$5B$X.XB$6BX.XxX.Xx
$5B$X.XB$10BX.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$4B$X.XB$47BX.XxX.Xx
$4B$X.XB$21BX.XxX.Xx
$4B$X.XB$14BX.XxX.Xx
$4B$X.XB$30BX.XxX.Xx
$4B$X.XBX.XxX.Xx
$4B$X.XB$4BX.XxX.Xx
$4B$X.XB$16BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$15BX.XxX.Xx
$4B$X.XB$8BX.XxX.Xx
$4B$X.XB$7BX.XxX.Xx
$4B$X.XB$9BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$4BX.XxX.Xx
$4B$X.XB$930MX.XxX.Xx
$4B$X.XB$877MX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$979MX.XxX.Xx
$4B$X.XB$687MX.XxX.Xx
$4B$X.XB$5BX.XxX.Xx
$4B$X.XB$5BX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$8BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$10BX.XxX.Xx
$3B$X.XB$8BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$3B$X.XB$9BX.XxX.Xx
$3B$X.XB$258MX.XxX.Xx
$3B$X.XB$14BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$13BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$30BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$7BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$876MX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$437MX.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XB$8BX.XxX.Xx
$3B$X.XB$462MX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XB$723MX.XxX.Xx
$3B$X.XB$551MX.XxX.Xx
$3B$X.XB$832MX.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$3B$X.XB$21BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XB$589MX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$7BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$91MX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$11BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$922MX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$6BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$630MX.XxX.Xx
$2B$X.XB$445MX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$266MX.XxX.Xx
$2B$X.XB$13BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$214MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$985MX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$344MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$389MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$6BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$17BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$448MX.XxX.Xx
$2B$X.XB$22BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$5BX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$983MX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$539MX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$340MX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$778MX.XxX.Xx
$1B$X.XB$215MX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$817MX.XxX.Xx
$1B$X.XB$635MX.XxX.Xx
$1B$X.XB$37BX.XxX.Xx
$1B$X.XB$289MX.XxX.Xx
$1B$X.XB$707MX.XxX.Xx
$1B$X.XB$553MX.XxX.Xx
$1B$X.XB$3BX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$551MX.XxX.Xx
$1B$X.XB$950MX.XxX.Xx
$1B$X.XBX.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$1BX.XxX.Xx
$1B$X.XB$495MX.XxX.Xx
$1B$X.XB$649MX.XxX.Xx
$976M$X.XBX.XxX.Xx
$961M$X.XBX.XxX.Xx
$956M$X.XBX.XxX.Xx
$947M$X.XB$806MX.XxX.Xx
$933M$X.XB$1BX.XxX.Xx
$922M$X.XBX.XxX.Xx
$921M$X.XBX.XxX.Xx
$911M$X.XB$567MX.XxX.Xx
$860M$X.XBX.XxX.Xx
$829M$X.XBX.XxX.Xx
$812M$X.XB$3BX.XxX.Xx
$762M$X.XB$605MX.XxX.Xx
$759M$X.XBX.XxX.Xx
$752M$X.XB$353MX.XxX.Xx
$752M$X.XB$521MX.XxX.Xx
$743M$X.XB$273MX.XxX.Xx
$725M$X.XB$473MX.XxX.Xx
$717M$X.XB$855MX.XxX.Xx
$716M$X.XB$466MX.XxX.Xx
$715M$X.XB$306MX.XxX.Xx
$706M$X.XB$709MX.XxX.Xx
$654M$X.XB$478MX.XxX.Xx
$652M$X.XB$533MX.XxX.Xx
$647M$X.XB$418MX.XxX.Xx
$627M$X.XB$422MX.XxX.Xx
$621M$X.XB$806MX.XxX.Xx
$595M$X.XB$673MX.XxX.Xx
$580M$X.XB$799MX.XxX.Xx
$570M$X.XB$496MX.XxX.Xx
$567M$X.XBX.XxX.Xx
$563M$X.XBX.XxX.Xx
$558M$X.XB$368MX.XxX.Xx
$543M$X.XB$2BX.XxX.Xx
$541M$X.XBX.XxX.Xx
$532M$X.XB$161MX.XxX.Xx
$520M$X.XB$278MX.XxX.Xx
$511M$X.XB$428MX.XxX.Xx
$509M$X.XBX.XxX.Xx
$475M$X.XBX.XxX.Xx
$466M$X.XBX.XxX.Xx
$465M$X.XB$266MX.XxX.Xx
$460M$X.XB$180MX.XxX.Xx
$445M$X.XB$1BX.XxX.Xx
$443M$X.XB$519MX.XxX.Xx
$418M$X.XB$847MX.XxX.Xx
$418M$X.XBX.XxX.Xx
$416M$X.XBX.XxX.Xx
$415M$X.XB$581MX.XxX.Xx
$411M$X.XBX.XxX.Xx
$400M$X.XB$567MX.XxX.Xx
$388M$X.XB$634MX.XxX.Xx
$366M$X.XB$277MX.XxX.Xx
$356M$X.XB$366MX.XxX.Xx
$355M$X.XBX.XxX.Xx
$353M$X.XBX.XxX.Xx
$347M$X.XB$208MX.XxX.Xx
$342M$X.XB$986MX.XxX.Xx
$323M$X.XBX.XxX.Xx
$310M$X.XBX.XxX.Xx
$296M$X.XB$6BX.XxX.Xx
$295M$X.XB$48MX.XxX.Xx
$293M$X.XBX.XxX.Xx
$293M$X.XB$441MX.XxX.Xx
$287M$X.XB$695KX.XxX.Xx
$286M$X.XB$340MX.XxX.Xx
$283M$X.XB$600MX.XxX.Xx
$281M$X.XB$147MX.XxX.Xx
$276M$X.XB$5MX.XxX.Xx
$273M$X.XB$105MX.XxX.Xx
$252M$X.XBX.XxX.Xx
$251M$X.XB$11MX.XxX.Xx
$241M$X.XB$40MX.XxX.Xx
$235M$X.XBX.XxX.Xx
$235M$X.XB$282MX.XxX.Xx
$235M$X.XB$2BX.XxX.Xx
$231M$X.XB$141MX.XxX.Xx
$231M$X.XB$98MX.XxX.Xx
$229M$X.XBX.XxX.Xx
$227M$X.XB$776MX.XxX.Xx
$221M$X.XB$231MX.XxX.Xx
$219M$X.XB$851MX.XxX.Xx
$218M$X.XBX.XxX.Xx
$217M$X.XB$261MX.XxX.Xx
$210M$X.XB$103MX.XxX.Xx
$204M$X.XB$71MX.XxX.Xx
$201M$X.XBX.XxX.Xx
$194M$X.XB$416MX.XxX.Xx
$193M$X.XBX.XxX.Xx
$193M$X.XB$330MX.XxX.Xx
$191M$X.XB$159MX.XxX.Xx
$189M$X.XB$186MX.XxX.Xx
$188M$X.XBX.XxX.Xx
$181M$X.XB$52MX.XxX.Xx
$178M$X.XB$64MX.XxX.Xx
$164M$X.XB$63MX.XxX.Xx
$162M$X.XBX.XxX.Xx
$156M$X.XBX.XxX.Xx
$153M$X.XB$185MX.XxX.Xx
$145M$X.XB$149MX.XxX.Xx
$132M$X.XB$1KX.XxX.Xx
$131M$X.XBX.XxX.Xx
$127M$X.XBX.XxX.Xx
$125M$X.XB$183MX.XxX.Xx
$125M$X.XBX.XxX.Xx
$123M$X.XB$44MX.XxX.Xx
$122M$X.XBX.XxX.Xx
$119M$X.XB$24MX.XxX.Xx
$116M$X.XB$517MX.XxX.Xx
$108M$X.XB$160MX.XxX.Xx
$105M$X.XB$716MX.XxX.Xx
$104M$X.XBX.XxX.Xx
$104M$X.XBX.XxX.Xx
$96M$X.XB$17MX.XxX.Xx
$95M$X.XBX.XxX.Xx
$94M$X.XBX.XxX.Xx
$93M$X.XBX.XxX.Xx
$88M$X.XB$1BX.XxX.Xx
$86M$X.XB$17MX.XxX.Xx
$85M$X.XB$69MX.XxX.Xx
$81M$X.XBX.XxX.Xx
$81M$X.XBX.XxX.Xx
$80M$X.XBX.XxX.Xx
$78M$X.XBX.XxX.Xx
$64M$X.XB$66MX.XxX.Xx
$63M$X.XBX.XxX.Xx
$59M$X.XBX.XxX.Xx
$52M$X.XB$171MX.XxX.Xx
$48M$X.XB$40MX.XxX.Xx
$46M$X.XB$640MX.XxX.Xx
$40M$X.XBX.XxX.Xx
$40M$X.XBX.XxX.Xx
$38M$X.XBX.XxX.Xx
$37M$X.XBX.XxX.Xx
$36M$X.XBX.XxX.Xx
$31M$X.XB$95MX.XxX.Xx
$29M$X.XBX.XxX.Xx
$29M$X.XBX.XxX.Xx
$28M$X.XBX.XxX.Xx
$26M$X.XBX.XxX.Xx
$24M$X.XBX.XxX.Xx
$15M$X.XBX.XxX.Xx
$13M$X.XBX.XxX.Xx
$12M$X.XBX.XxX.Xx
$11M$X.XBX.XxX.Xx
$10M$X.XBX.XxX.Xx
$10M$X.XBX.XxX.Xx
$9M$X.XBX.XxX.Xx
$8M$X.XBX.XxX.Xx
$8M$X.XBX.XxX.Xx
$8M$X.XBX.XxX.Xx
$6M$X.XBX.XxX.Xx
$6M$X.XBX.XxX.Xx
$4M$X.XBX.XxX.Xx
$4M$X.XBX.XxX.Xx
$3M$X.XB$121MX.XxX.Xx
$3M$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
$887K$X.XBX.XxX.Xx
$269K$X.XBX.XxX.Xx
$X.XBX.XxX.Xx
$X.XBX.XxX.Xx
$X.XBX.XxX.Xx

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