Global Oil and Gas: Global Oil & Gas Valuation 2 June 2026
Report Coverage
- Broker
- UBS
- Region
- Global
- Sector
- Fossil Energy
- Report Type
- Market Report
- Primary Focus
- Global oil & gas valuation
Report Summary
UBS's comprehensive valuation compendium covering 100+ global oil and gas companies. Macro assumptions include Brent at US$86/bbl for 2026E. Most major integrateds rated Buy with significant upside potential.
Key Takeaways
- Most major integrateds rated Buy: BP (36% upside), Chevron (21%), ExxonMobil (20%)
- Brent front-month assumed at US$86/bbl for 2026E, US$80 for 2027E
- European refining margins forecast at US$14.80/bbl
- Global sector averages: EV/DACF 7.9x, FCF yield 10.5%
- Emerging market picks: Petrobras (42% upside), Cenovus (67% upside)
Why This Report Matters
Provides a comprehensive valuation benchmark for over 100 global oil and gas companies, helping investors identify relative value opportunities across major integrateds and emerging market players.
Topics Covered
Companies Mentioned
Who this summary is for
This summary is for users researching the UBS Global Oil and Gas report. It helps users review Global Oil and Gas: Global Oil & Gas Valuation 2 June 2026 coverage, key takeaways, and related broker or sector research paths across Oil & gas valuation, EV/DACF, FCF yield; BP, Chevron.
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