Global Energy Healthy potentially undervalued

Expand Energy

Market Cap: US$23.4b

Operates as an independent natural gas production company in the United States.

Antero Resources

Market Cap: US$11.4b

An independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States.

Ventura Offshore Holding

Market Cap: NOK 3.5b

A deep-water drilling contractor, provides offshore drilling services in deep and ultra-deep waters for the oil and gas industry in Brazil and internationally.

Infinity Natural Resources

Market Cap: US$921.8m

Engages in the acquisition, exploration, and development of properties to produce crude oil, natural gas, and natural gas liquids in the United States.

Shaanxi Coal Industry

Market Cap: CN¥226.1b

Engages in the production and sales of coal and electricity in China and internationally.

China Aviation Oil (Singapore)

Market Cap: S$1.7b

Trades in and supplies jet fuel to civil aviation industry worldwide.

Bangchak Corporation

Market Cap: ฿50.7b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Sea1 Offshore

Market Cap: NOK 4.3b

Owns and operates offshore support vessels for the offshore energy service industry.

Archer

Market Cap: NOK 2.6b

Provides various oilfield products and services to the oil and gas industry in Norway, Europe, North America, south America, and internationally.

Scorpio Tankers

Market Cap: US$3.7b

Engages in the seaborne transportation of crude oil and refined petroleum products worldwide.

Riley Exploration Permian

Market Cap: US$837.5m

An independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico.

Amplitude Energy

Market Cap: AU$502.3m

Engages in exploration, development, and production of natural gas and low-cost oil in Australia.

PetroVietnam Technical Services

Market Cap: ₫20.4t

Engages in the technical services for the oil and gas, energy, and industrial sectors in Vietnam.

Gulfport Energy

Market Cap: US$3.2b

Engages in the acquisition, exploration, and production of natural gas, crude oil, and natural gas liquids in the United States.

Peabody Energy

Market Cap: US$3.0b

Engages in the production of metallurgical and thermal coal.

United Tractors

Market Cap: Rp85.9t

Provides coal mining services in Indonesia.

AKR Corporindo

Market Cap: Rp26.7t

A logistics and supply chain company, engages in distribution and trading of petroleum and basic chemical products in Indonesia.

Par Pacific Holdings

Market Cap: US$2.9b

An energy company, provides renewable and conventional fuels in the United States.

EQT

Market Cap: US$36.2b

Engages in the exploration, production, gathering, and transmission of hydrocarbons and natural gas.

California Resources

Market Cap: US$5.5b

Operates as an independent energy and carbon management company in the United States.

Matador Resources

Market Cap: US$7.0b

An independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas resources in the United States.

China Oilfield Services

Market Cap: HK$62.0b

Provides integrated oilfield services in China, Indonesia, Mexico, Norway, the Middle East, and internationally.

Medco Energi Internasional

Market Cap: Rp33.1t

Explores for and produces oil and gas in Indonesia, Asia, Africa, the Middle East, and the United Kingdom.

Cosmo Energy Holdings

Market Cap: JP¥572.4b

Through its subsidiaries, engages in the petroleum business in Japan and internationally.

d'Amico International Shipping

Market Cap: €972.6m

Through its subsidiaries, operates as a marine transportation company worldwide.

Canadian Natural Resources

Market Cap: CA$139.9b

Engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.

EOG Resources

Market Cap: US$75.2b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

Harbour Energy

Market Cap: UK£5.2b

Engages in the acquisition, exploration, development, and production of oil and gas reserves in Norway, the United Kingdom, Germany, Mexico, Argentina, North Africa, and Southeast Asia.

Flowco Holdings

Market Cap: US$2.5b

Through its subsidiaries, provides production optimization, artificial lift, and emissions management and monetization solutions for the oil and natural gas industry in the United States.

ACT Energy Technologies

Market Cap: CA$269.4m

Provides directional drilling services and related downhole technologies to oil and natural gas companies in Canada and the United States.

DHT Holdings

Market Cap: US$2.8b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.

Range Resources

Market Cap: US$9.7b

Operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States.

Beach Energy

Market Cap: AU$2.6b

Operates as an oil and gas exploration and production company.

Star Petroleum Refining

Market Cap: ฿31.7b

Engages in refinery and petroleum product distribution in Thailand and internationally.

Exxaro Resources

Market Cap: R48.2b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

Japan Petroleum Exploration

Market Cap: JP¥486.3b

Explores, develops, produces, and sells oil, natural gas, and other energy resources in Japan, Europe, North America, and the Middle East.