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$482B3.8x7.3x
$611B$650B$367B1.8x8.0x
$373B$413B$210B2.0x7.6x
$272B$296B$451B0.7x4.1x
$236B$290B$297B1.0x4.5x
$186B$198B$117B1.7x10.0x
$177B$211B$192B1.1x4.6x
$142B$113B$66B1.7x2.7x
$140B$157B$66B2.4x5.6x
$137B$138B$47B2.9x8.7x
$124B$205B$47B4.3x14.0x
$107B$171B$101B1.7x3.4x
$106B$145B$203B0.7x3.5x
$92B$98B$132B0.7x8.2x
$91B$103B$32B3.2x6.6x
$91B$123B$147B0.8x7.6x
$90B$119B$12B9.9x14.8x
$85B$140B$429B0.3x5.0x
$85B$97B$113B0.9x2.1x
$83B$105B$146B0.7x9.2x
$83B$116B$54B2.2x11.2x
$75B$79B$26B3.0x5.4x
$74B$82B$40B2.1x5.8x
$73B$117B$11B10.4x14.2x
$72B$104B$18B5.9x11.9x
$70B$36B
$70B$103B
$70B$99B
$70B$18B
$61B$19B
$59B$39B
$59B$36B
$58B$13B
$56B$28B
$55B$21B
$55B$16B
$55B$25B
$51B$41B
$51B$20B
$45B$78B
$41B-
$41B$14B
$34B$16B
$33B$86B
$33B$32B
$32B$74B
$31B$9.1B
$31B$73B
$30B$12B
$30B$5.9B
$29B$22B
$29B$10B
$29B$907M
$28B$24B
$28B$12B
$25B$8.1B
$24B$5B
$24B$14B
$24B$21B
$23B$31B
$21B$12B
$21B$13B
$21B$94B
$20B$76B
$19B$20B
$19B$4.2B
$18B$2.8B
$17B$6.1B
$17B$26B
$17B$4.9B
$17B$9.3B
$17B$5.7B
$17B$49B
$17B$8.8B
$17B$4.9B
$16B$9.1B
$16B$30B
$15B$1.3B
$14B$55B
$14B$35B
$14B$62B
$14B-
$14B$5.1B
$13B$1.8B
$13B$4.9B
$13B$5.4B
$12B$9.1B
$12B$9.4B
$12B$23B
$12B$10B
$11B$26B
$11B$1.2B
$11B$4.3B
$11B$30B
$10B$27B
$10B$6B
$10B-
$9.8B$7.4B
$9.8B$52B
$9.6B$2.7B
$9.4B$18B
$9.2B$54B
$8.9B$4B
$8.9B$13B
$8.7B$1.9B
$8.7B$3.3B
$8.1B$1.8B
$8B$2.8B
$8B$909M
$7.9B$2B
$7.7B-
$7.7B$2.5B
$7.5B$5.3B
$7.5B$29B
$7.4B$33B
$7.3B$2.4B
$7.3B$21B
$7.2B$5.4B
$7.1B$3.4B
$7B$5.4B
$6.9B-
$6.7B$29B
$6.7B$3.8B
$6.6B$7.6B
$6.6B$3.1B
$6.6B$8.8B
$6.6B$1.4B
$6.5B$1.1B
$6.4B-
$6.3B$23B
$6.2B$1.5B
$6.2B$2.6B
$6.1B$6.3B
$6B$3.1B
$5.9B-
$5.8B$14B
$5.8B$4.8B
$5.7B$400M
$5.7B$3.9B
$5.7B$2.2B
$5.6B$3.5B
$5.5B$7.7B
$5.3B$2.2B
$5.3B$2.9B
$5.2B$8.6B
$5.2B$1.6B
$5.2B$3.2B
$5.1B-
$5.1B$50B
$5.1B$415M
$5B$3.2B
$5B$1.5B
$5B$9.1B
$5B$4.8B
$5B$4.6B
$4.9B$1.5B
$4.9B$947M
$4.8B$1.2B
$4.8B$11B
$4.7B$9.8B
$4.7B-
$4.7B$2.2B
$4.7B$3.6B
$4.7B$21B
$4.5B$12B
$4.5B$1.3B
$4.5B$1.3B
$4.3B$1.1B
$4.3B$3.8B
$4.2B$2.9B
$4.2B$1.7B
$4.2B$14B
$4.1B$13B
$4B$4.4B
$4B$3.2B
$3.9B$2.2B
$3.9B-
$3.9B$4.2B
$3.9B$12B
$3.9B-
$3.8B$34B
$3.8B$6.8B
$3.8B$7.7B
$3.8B$1.1B
$3.8B$4.7B
$3.8B$8.3B
$3.8B$8B
$3.8B$7.4B
$3.8B$1.2B
$3.8B$1.4B
$3.7B$4.4B
$3.7B$1B
$3.7B$1.8B
$3.7B$740M
$3.7B$17B
$3.6B$4.3B
$3.5B$1B
$3.5B$7.7B
$3.5B$277M
$3.5B$4.3B
$3.4B$3.9B
$3.4B$10B
$3.2B$8B
$3.2B$10B
$3.1B$2.2B
$3.1B$103M
$3.1B$1.2B
$3B$460M
$3B$7.2B
$3B$10B
$3B$1.9B
$2.9B$644M
$2.9B$1.1B
$2.9B-
$2.9B$2.8B
$2.8B$1.3B
$2.8B$1.6B
$2.8B$566M
$2.8B$1.2B
$2.7B$1.5B
$2.7B$1.5B
$2.7B$20B
$2.7B-
$2.5B$1.5B
$2.5B$811M
$2.5B$1.9B
$2.5B$1.9B
$2.4B$704M
$2.3B-
$2.3B$2.4B
$2.3B$929M
$2.2B$917M
$2.2B$1.3B
$2.2B$518M
$2.2B$224M
$2.1B-
$2.1B$6B
$2B-
$2B-
$1.9B$4B
$1.9B$1.6B
$1.9B$2.7B
$1.9B$39B
$1.9B$17B
$1.8B$2.2B
$1.8B$1.2B
$1.8B$1B
$1.8B$1.7B
$1.8B$667M
$1.8B$2.4B
$1.8B$1.7B
$1.8B-
$1.8B$1.1B
$1.8B$512M
$1.7B$5.4B
$1.7B$2.3B
$1.7B$398M
$1.7B$2B
$1.7B$13B
$1.7B$2B
$1.7B$2.6B
$1.7B-
$1.7B$418M
$1.6B$845M
$1.6B-
$1.6B$24B
$1.6B$1.2B
$1.6B$756M
$1.5B$1.5B
$1.5B$347M
$1.4B-
$1.4B$1.3B
$1.4B-
$1.4B$1.3B
$1.4B$644M
$1.4B$1B
$1.4B-
$1.4B$5.9B
$1.3B$1.5B
$1.3B-
$1.3B$514M
$1.3B$1.7B
$1.3B$1.6B
$1.3B$1.3B
$1.3B-
$1.3B$2.3B
$1.3B$1B
$1.3B$253M
$1.3B$532M
$1.3B-
$1.3B$1.1B
$1.3B$567M
$1.2B$1.7B
$1.2B$2.1B
$1.2B$3.3B
$1.2B$1.4B
$1.2B$555M
$1.2B$299M
$1.2B$958M
$1.2B$1.4B
$1.2B-
$1.2B-
$1.1B$780M
$1.1B-
$1.1B-
$1.1B-
$1.1B$16B
$1B-
$1B-
$989M$5.9B
$958M$697M
$956M-
$931M$867M
$926M$950M
$923M$1.9B
$923M-
$899M$1B
$883M-
$875M-
$873M$374M
$868M$1.9B
$856M$3.3B
$854M-
$847M$853M
$834M$383M
$828M-
$796M$410M
$779M-
$762M-
$754M$453M
$746M$597M
$720M$570M
$710M$1.8B
$710M$305M
$707M$375M
$704M$2.2B
$675M$463M
$664M$284M
$633M$1.1B
$628M$548M
$626M-
$623M-
$616M$507M
$609M$860M
$600M$1.2B
$593M$828M
$590M$602M
$590M-
$567M$402M
$560M$531M
$523M$442M
$523M$519M
$519M$543M
$513M-
$509M-
$507M$658M
$503M$183M
$499M$197M
$484M-
$461M$280M
$442M-
$430M-
$416M$298M
$415M-
$413M$1M
$407M$575M
$396M-
$395M$920M
$388M-
$371M$604M
$362M$277M
$361M$129M
$355M-
$354M$366M
$346M$924M
$339M-
$330M-
$317M$201M
$317M$163M
$315M$3.3B
$315M-
$311M$383M
$300M$185M
$296M-
$286M-
$274M$924M
$267M-
$267M-
$264M$4M
$252M-
$247M-
$244M$45M
$244M$531M
$238M$40M
$238M$822M
$233M$642M
$227M$157M
$226M-
$222M$220M
$221M$1.9B
$216M$843K
$213M$417M
$211M-
$209M$111M
$205M$330M
$202M-
$197M$55M
$195M$745M
$189M-
$188M$107M
$187M$70M
$185M-
$170M$28M
$167M$7M
$167M$52M
$167M$58M
$164M$183M
$163M$275M
$163M$215M
$158M$562M
$155M$282M
$151M-
$150M-
$141M-
$135M$44M
$131M-
$123M$149M
$122M-
$120M-
$119M-
$114M$188M
$112M-
$112M$170M
$111M-
$102M-
$101M-
$95M$716M
$95M-
$94M-
$93M$1.3B
$88M-
$80M$161M
$77M-
$75M-
$75M$5M
$75M-
$71M-
$70M$60M
$64M-
$62M-
$58M-
$55M-
$52M-
$49M$8M
$46M-
$44M$39M
$44M$653M
$40M-
$39M-
$38M-
$37M-
$37M-
$37M-
$36M-
$35M$32M
$33M$46M
$29M$97M
$28M-
$26M-
$26M$2M
$26M-
$25M$52M
$24M-
$23M-
$20M-
$16M-
$15M-
$15M$7M
$14M-
$13M-
$10M-
$8M$117M
$8M-
$7M-
$7M-
$7M-
$7M-
$6M-
$3M-
$3M$9M
$3M-
$3M-
$3M-
$3M-
$3M-
$2M-
$2M-
$2M-
$2M-
$1M-
$1M-
$884K-
$760K-
$609K-
$248K-
$80K-
$47K-
$4K-
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