Global Energy Healthy potentially undervalued

China Aviation Oil (Singapore)

Market Cap: S$1.8b

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

Expand Energy

Market Cap: US$23.2b

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

Riley Exploration Permian

Market Cap: US$776.6m

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.

ADNOC Gas

Market Cap: د.إ255.5b

Engages in the processing of associated and non-associated gas from onshore oil and gas productions and transmission of related products in the United Arab Emirates.

PetroVietnam Technical Services

Market Cap: ₫19.4t

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

Koninklijke Vopak

Market Cap: €4.8b

An independent tank storage company, stores and handles liquid chemicals, gases, and oil products to the energy and manufacturing markets worldwide.

Gulfport Energy

Market Cap: US$3.5b

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

Cosmo Energy Holdings

Market Cap: JP¥616.3b

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

Range Resources

Market Cap: US$9.9b

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

DHT Holdings

Market Cap: US$3.0b

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

Shaanxi Coal Industry

Market Cap: CN¥253.3b

Shaanxi Coal Industry Company Limited, together with its subsidiaries, mines, produces, washes, processes, and sells coal in China and internationally.

Beach Energy

Market Cap: AU$2.7b

Operates as an oil and gas exploration and production company.

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.

Exxaro Resources

Market Cap: R48.9b

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

Japan Petroleum Exploration

Market Cap: JP¥587.4b

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

Infinity Natural Resources

Market Cap: US$1.0b

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

Mattr

Market Cap: CA$583.1m

Operates as a materials technology company that serves the infrastructure markets, including electrification, transportation, mining, energy, communication and water management markets in Canada, the United States, Europe, the Middle East, Africa, and the Asia Pacific.

Canadian Natural Resources

Market Cap: CA$132.4b

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.

SM Energy

Market Cap: US$7.0b

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

Antero Resources

Market Cap: US$11.9b

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.

Chord Energy

Market Cap: US$7.8b

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

SLB

Market Cap: US$82.6b

Engages in the provision of technology for the energy industry worldwide.

Peyto Exploration & Development

Market Cap: CA$5.2b

Engages in the exploration, development, and production of natural gas, and oil and natural gas liquids in Alberta’s deep basin.

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥32.3b

Engages in the production and sales of coal in China.

Whitehaven Coal

Market Cap: AU$6.8b

Develops and operates coal mines in Queensland and New South Wales.

Amplitude Energy

Market Cap: AU$523.3m

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

Afentra

Market Cap: UK£170.7m

Operates as an upstream oil and gas company primarily in Africa.

Bumi Armada Berhad

Market Cap: RM 2.4b

An investment holding company, engages in providing marine transportation, floating production storage offloading (FPSO) operations, and engineering and maintenance services to offshore oil and gas companies.

Friedrich Vorwerk Group

Market Cap: €1.5b

Provides various solutions for transformation and transportation of energy in Germany and Europe.

Vermilion Energy

Market Cap: CA$2.7b

Engages in petroleum and natural gas, focuses on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia.

PBF Energy

Market Cap: US$4.9b

Through its subsidiaries, engages in the refining and supplying of petroleum products.

ProFrac Holding

Market Cap: US$1.3b

Operates as a technology-focused energy services holding company in the United States.

Scorpio Tankers

Market Cap: US$3.8b

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

VAALCO Energy

Market Cap: US$651.6m

An independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, Cote d'Ivoire, Equatorial Guinea, Nigeria, and Canada.

Solstad Maritime

Market Cap: NOK 13.4b

Owns and operates offshore service vessels (OSVs) that provides maritime services to the offshore energy industry in North Sea, North and Central America, Mediterranean and rest of the Europe, Africa, South America, Australia, and Asia.

OKEA

Market Cap: NOK 4.2b

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