INSIGHTS - OCTOBER 2024

UK Oil & Gas Industry

UK Oil & Gas Industry Information

The oil and gas industry is focused on the exploration and production of petroleum and natural gas from wells including all activities in the preparation of oil and gas up to the point of shipment.

Active Businesses

1,653

Annual Sales

£79bn +

Employees

81,127

Economic Contribution 

£54bn

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Location of Oil & Gas Companies

Oil & Gas Companies by Size

42% Micro

30% Small

11% Mega

9% Mid

7% Large

Oil & Gas Companies by Age

34% Established

33% Mature

22% Young

9% Startup

1% New

Fastest Growing Oil & Gas Companies

33% Declining

31% Rapid

18% High

12% Healthy

7% Low

Oil & Gas Industry Competitive Environment - New Entrants vs Leavers

Oil & Gas Industry Valuation

EBITDA Multiple

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Oil & Gas Industry Valuation

Turnover Multiple

Data only available to Pomanda Pro subscribers.

Oil & Gas Industry Valuation

Net Asset Multiple

Data only available to Pomanda Pro subscribers.

Note - from March 2020 multiples are calculated monthly, prior to this they were calculated on an annual basis.
UK Extraction of crude petroleum and natural gas Industry Insights

There are 1,653 active Businesses in the UK with combined annual sales of £79 billion .

The Industry employs around 81,126 people and contributes £54 billion to the economy.

The most popular location for Oil & Gas companies is London with 714 and the fewest are located in Northern Ireland with 8.

The largest Oil & Gas company is Shell Global Lng Limited with a turnover of £14.6bn. 42% of the industry is comprised of Micro companies with only 11% Mega companies.

9% of the Oil & Gas Industry is made up of 9% Startup but the majority are Established businesses (34%) the oldest company is One-dyas Eog Limited founded in 1902.

Oil & Gas industry has a number of high growth companies (12%), the fastest growing company is Bp Exploration (Alpha) Limited with a 3 year growth rate of 607%. Other fast growing companies include Bg International Limited (217%), Three60 Energy Wells Uk Limited (194%) and Totalenergies Offshore Uk Limited (128%).

The UK Oil & Gas Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 4.22x, Turnover multiple of 1.79x and a Net Asset multiple of 1.39x.