Global Energy Healthy potentially undervalued

Oil India

Market Cap: ₹679.6b

Engages in the exploration, development, and production of crude oil and natural gas in India.

Star Petroleum Refining

Market Cap: ฿30.4b

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

Japan Petroleum Exploration

Market Cap: JP¥424.4b

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

China Aviation Oil (Singapore)

Market Cap: S$1.6b

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

Antero Resources

Market Cap: US$10.6b

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.

Expand Energy

Market Cap: US$20.8b

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

Range Resources

Market Cap: US$9.0b

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

Flowco Holdings

Market Cap: US$2.1b

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.

Ventura Offshore Holding

Market Cap: NOK 3.1b

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.

Amplitude Energy

Market Cap: AU$449.8m

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

China Coal Energy

Market Cap: HK$221.3b

Engages in the production and sale of coal in China and internationally.

Chord Energy

Market Cap: US$7.5b

Operates as an independent exploration and production company in the United States.

Scorpio Tankers

Market Cap: US$3.5b

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

Archer

Market Cap: NOK 2.4b

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

Sea1 Offshore

Market Cap: NOK 4.1b

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

Keyfield International Berhad

Market Cap: RM 1.2b

An investment holding company, engages in owning and chartering of its own and third-party vessels in Malaysia.

PetroVietnam Technical Services

Market Cap: ₫19.7t

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

CES Energy Solutions

Market Cap: CA$3.5b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

OKEA

Market Cap: NOK 3.9b

An oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf.

United Tractors

Market Cap: Rp80.4t

Provides coal mining services in Indonesia.

Talos Energy

Market Cap: US$2.5b

Through its subsidiaries, engages in the exploration and production of oil and gas in the United States and Mexico.

Gulfport Energy

Market Cap: US$2.9b

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

DNO

Market Cap: NOK 18.2b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

EQT

Market Cap: US$32.0b

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

Par Pacific Holdings

Market Cap: US$2.8b

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

California Resources

Market Cap: US$5.0b

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

Hibiscus Petroleum Berhad

Market Cap: RM 1.5b

Engages in the exploration, development, and sale of oil and gas in Peninsular Malaysia, Sabah, Malaysia, the United Kingdom, Brunei, Australia, and Vietnam.

Medco Energi Internasional

Market Cap: Rp30.2t

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

China Oilfield Services

Market Cap: HK$56.7b

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

Shell

Market Cap: UK£179.6b

Operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas.

Beach Energy

Market Cap: AU$2.5b

Operates as an oil and gas exploration and production company.

Exxaro Resources

Market Cap: R49.8b

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

Bangchak Corporation

Market Cap: ฿48.5b

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

Shaanxi Coal Industry

Market Cap: CN¥261.8b

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

Canadian Natural Resources

Market Cap: CA$132.1b

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.

ACT Energy Technologies

Market Cap: CA$258.6m

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