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.

Riley Exploration Permian

Market Cap: US$756.4m

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.إ241.7b

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.

Ovintiv

Market Cap: US$15.6b

Operates as an oil and natural gas exploration and production company in North America.

ARC Resources

Market Cap: CA$14.5b

Acquires and develops crude oil, natural gas, condensate, and natural gas liquids in Canada.

Gulfport Energy

Market Cap: US$3.3b

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

China Oilfield Services

Market Cap: HK$66.4b

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

Cosmo Energy Holdings

Market Cap: JP¥629.0b

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

Devon Energy

Market Cap: US$28.3b

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

Beach Energy

Market Cap: AU$2.6b

Operates as an oil and gas exploration and production company.

Japan Petroleum Exploration

Market Cap: JP¥544.4b

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

Shaanxi Coal Industry

Market Cap: CN¥247.0b

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

Antero Resources

Market Cap: US$11.5b

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.

Range Resources

Market Cap: US$9.8b

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

EOG Resources

Market Cap: US$70.9b

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.

Flowco Holdings

Market Cap: US$2.0b

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.

Expand Energy

Market Cap: US$22.7b

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

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: R49.5b

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

DHT Holdings

Market Cap: US$2.9b

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

Canadian Natural Resources

Market Cap: CA$126.4b

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$6.7b

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

Whitehaven Coal

Market Cap: AU$6.5b

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

Shanxi Coking Coal Energy Group

Market Cap: CN¥36.4b

Shanxi Coking Coal Energy Group Co., Ltd.

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥29.4b

Engages in the production and sales of coal in China.

Amplitude Energy

Market Cap: AU$464.8m

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

Bumi Armada Berhad

Market Cap: RM 2.3b

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.

Vermilion Energy

Market Cap: CA$2.5b

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

Scorpio Tankers

Market Cap: US$3.5b

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

Chord Energy

Market Cap: US$7.4b

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

Phillips 66

Market Cap: US$63.9b

Operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally.

PBF Energy

Market Cap: US$4.8b

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

Afentra

Market Cap: UK£178.4m

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

Peyto Exploration & Development

Market Cap: CA$4.9b

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

ProFrac Holding

Market Cap: US$1.2b

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