U.K. Energy Potentially Undervalued Companies

Southern Energy

Market Cap: UK£20.2m

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

Devon Energy

Market Cap: €23.5b

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

TORM

Market Cap: DKK 13.4b

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

TotalEnergies

Market Cap: €117.8b

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.

ConocoPhillips

Market Cap: US$123.0b

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

BWG

Market Cap: NOK 23.2b

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

NOV

Market Cap: US$5.0b

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.

DOF Group

Market Cap: NOK 24.6b

Owns and operates a fleet of offshore and subsea vessels.

Tenaris

Market Cap: €15.8b

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.

BW Energy

Market Cap: NOK 12.2b

Engages in the exploration and production of oil and gas properties.

Oil and Gas Development

Market Cap: US$1.2t

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

Sea1 Offshore

Market Cap: NOK 3.5b

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

EssoF

Market Cap: €1.2b

Esso S.A.F. refines, distributes, and markets oil products in France and internationally.

Kosmos Energy

Market Cap: UK£856.1m

A deep-water exploration and production company, engages in the exploration, development, and production of oil and natural gas properties.

Halliburton

Market Cap: US$21.4b

Provides products and services to the energy industry worldwide.

Total Energy Services

Market Cap: CA$342.8m

Operates as an energy services company primarily in Canada, the United States, Australia, and internationally.

Archer

Market Cap: NOK 1.4b

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

BWG

Market Cap: NOK 23.2b

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

Verbio

Market Cap: €697.7m

Engages in the production and distribution of fuels and finished products in Germany, Europe, North America, and internationally.

Galp Energia SGPS

Market Cap: €11.7b

Operates as an integrated energy operator in Portugal and internationally.

Tower Resources

Market Cap: UK£9.7m

Engages in oil and gas exploration activities in Africa.

CVR Energy

Market Cap: US$3.7b

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

SBM Offshore

Market Cap: €3.8b

Provides floating production solutions to the offshore energy industry worldwide.

Exmar

Market Cap: €664.1m

Engages in the provision of shipping and floating infrastructure solutions worldwide.

Eidesvik Offshore

Market Cap: NOK 804.3m

Provides services to the offshore supply, subsea, and offshore wind market in Norway.

Sea1 Offshore

Market Cap: NOK 4.4b

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

Saipem

Market Cap: €4.9b

Provides energy and infrastructure solutions worldwide.

Gulf Marine Services

Market Cap: UK£185.3m

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

Energean

Market Cap: UK£1.5b

Engages in the exploration, production, and development of oil and gas.

TotalEnergies

Market Cap: €117.8b

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.

Indus Gas

Market Cap: UK£19.6m

Through its subsidiaries, engages in the exploration, development, and production of oil and gas in Asia.

Peyto Exploration & Development

Market Cap: CA$3.8b

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

ShaMaran Petroleum

Market Cap: CA$832.1m

Engages in the oil and gas exploration and production.

Savannah Energy

Market Cap: UK£112.7m

Engages in the exploration, development, and production of natural gas and crude oil.

Hafnia

Market Cap: NOK 31.0b

Owns and operates oil product tankers in Bermuda.

ABL Group

Market Cap: NOK 1.2b

An investment holding company, provides energy, and marine and engineering consultancy services to renewables, maritime, and oil and gas industries worldwide.