U.K. Energy Potentially Undervalued Companies

BWG

Market Cap: NOK 16.5b

An investment holding company, engages in ship owning and chartering activities worldwide.

John Wood Group

Market Cap: UK£126.8m

Engages in the provision of consulting, project management, and engineering solutions to energy and built environment worldwide.

Afentra

Market Cap: UK£97.9m

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

Odfjell Technology

Market Cap: NOK 2.0b

Operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, Europe, Kuwait, Malaysia, Asia, and internationally.

Halliburton

Market Cap: US$17.2b

Provides products and services to the energy industry worldwide.

Permian Resources

Market Cap: US$10.3b

An independent oil and natural gas company, focuses on the development of crude oil and associated liquids-rich natural gas reserves in the United States.

TotalEnergies

Market Cap: €113.9b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Vallourec

Market Cap: €3.6b

Through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in Europe, North America, South America, Asia, the Middle East, and internationally.

Thungela Resources

Market Cap: UK£12.2b

Engages in the mining and production of thermal coal in South Africa and Australia.

Archer

Market Cap: NOK 2.1b

Provides various oilfield products and services to the oil and gas industry in Norway, Argentina, the United Kingdom, and internationally.

TotalEnergies

Market Cap: €113.9b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

John Wood Group

Market Cap: UK£126.8m

Engages in the provision of consulting, project management, and engineering solutions to energy and built environment worldwide.

Thungela Resources

Market Cap: UK£12.3b

Engages in the mining and production of thermal coal in South Africa and Australia.

Vallourec

Market Cap: €3.6b

Through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in Europe, North America, South America, Asia, the Middle East, and internationally.

Halliburton

Market Cap: €17.1b

Provides products and services to the energy industry worldwide.

DOF Group

Market Cap: NOK 21.4b

Owns and operates a fleet of offshore and subsea vessels.

Equinor

Market Cap: NOK 668.1b

An energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally.

TORM

Market Cap: DKK 11.1b

A shipping company, owns and operates a fleet of product tankers in the United Kingdom.

National Atomic Company Kazatomprom JSC

Market Cap: US$5.2t

Engages in the exploration, production, processing, marketing, and sale of uranium and uranium products worldwide.

ConocoPhillips

Market Cap: US$108.0b

Explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids.

NOV

Market Cap: US$4.6b

Designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally.

BP

Market Cap: UK£55.9b

An integrated energy company, provides carbon products and services.

Galp Energia SGPS

Market Cap: €9.7b

Operates as an integrated energy operator in Portugal and internationally.

Sea1 Offshore

Market Cap: NOK 2.8b

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

Oil States International

Market Cap: US$226.4m

Through its subsidiaries, provides engineered capital equipment and consumable products for energy, industrial, and military sectors worldwide.

Tullow Oil

Market Cap: UK£198.4m

Develops, produces, and sells oil and gas resources in Africa.

Teekay Tankers

Market Cap: US$1.5b

Provides marine transportation services to oil industries in Bermuda and internationally.

Equinor

Market Cap: NOK 668.1b

An energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally.

Gran Tierra Energy

Market Cap: UK£168.0m

Engages in the exploration and production of oil and gas properties in Colombia, Canada, and Ecuador.

Oil and Gas Development

Market Cap: US$900.7b

Explores for, develops, produces, and sells oil and gas resources in Pakistan.

Tenaris

Market Cap: €16.0b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

BW Offshore

Market Cap: NOK 5.9b

Engages in the engineering of offshore production solutions in the Americas, Europe, Africa, Asia, and the Pacific.

Panoro Energy

Market Cap: NOK 2.8b

An independent exploration and production company, engages in the exploration, development, and production of oil and gas properties in Africa.

Aker BP

Market Cap: NOK 149.8b

Explores for, develops, and produces oil and gas on the Norwegian Continental Shelf.

SM Energy

Market Cap: US$2.7b

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

Jadestone Energy

Market Cap: UK£106.9m

Operates as an independent oil and gas development and production company in the Asia Pacific region.