Energy companies are reporting record overseas revenues but remain cautious about entering new export markets, according to the Energy Industries Council’s (EIC) latest Survive and Thrive report. 

Exports accounted for 57 per cent of company revenues in 2025, up from 49 per cent in 2024, with 75 per cent of firms achieving record revenues. 

However, businesses are prioritising resilience, optimisation and diversification over geographic expansion. 

Oil and gas remain the largest revenue contributor, while companies are increasingly moving into non-energy sectors. 

The report highlights the need for stable policies and bankable projects to encourage further investment and growth.