Global Energy Healthy potentially undervalued

China Aviation Oil (Singapore)

Market Cap: S$1.7b

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

Range Resources

Market Cap: US$9.4b

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

Flowco Holdings

Market Cap: US$2.4b

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.

Antero Resources

Market Cap: US$11.1b

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 3.4b

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.

Expand Energy

Market Cap: US$22.6b

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

Infinity Natural Resources

Market Cap: US$874.8m

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

Scorpio Tankers

Market Cap: US$3.7b

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

Chord Energy

Market Cap: US$7.8b

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

Amplitude Energy

Market Cap: AU$526.3m

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

Sea1 Offshore

Market Cap: NOK 4.1b

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

Archer

Market Cap: NOK 2.5b

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

Riley Exploration Permian

Market Cap: US$777.6m

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.

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$3.8b

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

OKEA

Market Cap: NOK 3.8b

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

Whitecap Resources

Market Cap: CA$19.8b

Engages in the acquisition, development, and holding of interests in petroleum and natural gas properties and assets in Western Canada.

United Tractors

Market Cap: Rp85.0t

Provides coal mining services in Indonesia.

AKR Corporindo

Market Cap: Rp25.5t

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

Peabody Energy

Market Cap: US$3.2b

Engages in the production of metallurgical and thermal coal.

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.

DNO

Market Cap: NOK 17.7b

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

Gulfport Energy

Market Cap: US$3.1b

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

DOF Group

Market Cap: NOK 29.5b

Owns and operates a fleet of offshore and subsea vessels.

Par Pacific Holdings

Market Cap: US$2.8b

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

Matador Resources

Market Cap: US$6.7b

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

EQT

Market Cap: US$35.2b

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

California Resources

Market Cap: US$5.4b

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: Rp31.0t

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

Cosmo Energy Holdings

Market Cap: JP¥569.9b

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

China Oilfield Services

Market Cap: HK$59.8b

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

Shell

Market Cap: UK£174.5b

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

Shaanxi Coal Industry

Market Cap: CN¥239.1b

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

Bangchak Corporation

Market Cap: ฿50.7b

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

Beach Energy

Market Cap: AU$2.5b

Operates as an oil and gas exploration and production company.