U.K. Energy Potentially Undervalued Companies

Devon Energy

Market Cap: €18.3b

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

SM Energy

Market Cap: US$2.5b

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

Helmerich & Payne

Market Cap: US$1.9b

Provides drilling solutions and technologies for oil and gas exploration and production companies.

Equinor

Market Cap: NOK 662.6b

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

Baker Hughes

Market Cap: US$37.6b

Provides a portfolio of technologies and services to energy and industrial value chain worldwide.

Sea1 Offshore

Market Cap: NOK 2.6b

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

Oil States International

Market Cap: US$213.1m

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

Tullow Oil

Market Cap: UK£191.2m

Engages in the oil and gas exploration, development, and production activities primarily in Africa, Europe, and South America.

John Wood Group

Market Cap: UK£171.9m

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

Oil and Gas Development

Market Cap: US$912.5b

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

Eni

Market Cap: €35.1b

Operates as an integrated energy company in Italy, Other European Union, Rest of Europe, the United States, Asia, Africa, and internationally.

Frontline

Market Cap: NOK 3.5b

A shipping company, engages in the ownership and operation of oil and product tankers worldwide.

Tenaris

Market Cap: €14.8b

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.

BP

Market Cap: US$52.5b

An integrated energy company, provides carbon products and services.

Chevron

Market Cap: US$238.8b

Through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally.

Galp Energia SGPS

Market Cap: €8.8b

Operates as an integrated energy operator in Portugal and internationally.

Thungela Resources

Market Cap: UK£12.7b

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

CVR Energy

Market Cap: US$1.8b

Engages in renewable fuels and petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States.

Tullow Oil

Market Cap: UK£191.2m

Engages in the oil and gas exploration, development, and production activities primarily in Africa, Europe, and South America.

Diversified Energy

Market Cap: UK£663.8m

Operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States.

EnQuest

Market Cap: UK£241.3m

Operates as an oil and gas production and development company, explores, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia.

Solstad Offshore

Market Cap: NOK 3.0b

Owns and operates offshore service vessels.

BWG

Market Cap: NOK 14.4b

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

Aker BP

Market Cap: NOK 135.0b

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

Saipem

Market Cap: €3.3b

Provides energy and infrastructure solutions worldwide.

Schlumberger

Market Cap: US$46.2b

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

Valero Energy

Market Cap: US$34.8b

Manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally.

Equinor

Market Cap: US$662.6b

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

Gulf Marine Services

Market Cap: UK£173.3m

Operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe.

John Wood Group

Market Cap: UK£171.9m

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

Petrofac

Market Cap: UK£29.2m

Designs, builds, manages, maintains, and decommissions infrastructure for the energy industries in the United Kingdom, Algeria, Lithuania, Malaysia, the United States, Thailand, Oman, Australia, Bahrain, Kuwait, Iraq, Libya, India, the United Arab Emirates, the Netherlands, Ivory Coast, and internationally.

PetroTal

Market Cap: UK£549.3m

Engages in the exploration, appraisal and development of oil and natural gas in Peru, South America.

Diversified Energy

Market Cap: UK£663.8m

Operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States.

Thungela Resources

Market Cap: UK£12.7b

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

Transocean

Market Cap: US$2.0b

Provides offshore contract drilling services for oil and gas wells in Switzerland and internationally.

EOG Resources

Market Cap: US$60.1b

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.