Mexican Energy Potentially Undervalued Companies

Scorpio Tankers

Market Cap: Mex$3.1b

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

Shell

Market Cap: Mex$196.4b

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

Petróleo Brasileiro - Petrobras

Market Cap: Mex$630.2b

Explores, produces, and sells oil and gas in Brazil and internationally.

Tenaris

Market Cap: Mex$24.3b

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.

Petróleo Brasileiro - Petrobras

Market Cap: Mex$640.2b

Explores, produces, and sells oil and gas in Brazil and internationally.

Coterra Energy

Market Cap: Mex$25.0b

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

Frontera Energy

Market Cap: Mex$939.0m

Engages in the exploration, development, production, transportation, storage, and sale of oil and natural gas in South America.

Par Pacific Holdings

Market Cap: Mex$804.0m

Operates as an energy company in the United States.

Chord Energy

Market Cap: Mex$7.2b

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

Devon Energy

Market Cap: Mex$29.9b

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

Matador Resources

Market Cap: Mex$5.4b

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

CNOOC

Market Cap: Mex$878.9b

An investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in worldwide.

International Seaways

Market Cap: Mex$3.0b

Owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade.

Venture Global

Market Cap: Mex$31.9b

A liquefied natural gas (LNG) company, engages in the ownership, development, construction, and operation of LNG production facilities and associated infrastructure in the U.S.

Valaris

Market Cap: Mex$6.7b

Provides offshore contract drilling services in Brazil, the United Kingdom, Gulf of America, Australia, Angola, and internationally.

Grupo TMM

Market Cap: Mex$71.9m

Operates as a logistics and transportation company in Mexico.

Thungela Resources

Market Cap: Mex$11.6b

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

Teekay

Market Cap: Mex$650.8m

Provides crude oil marine transportation and other marine services worldwide.

Tidewater

Market Cap: Mex$3.8b

Provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide.

BP

Market Cap: Mex$85.4b

An integrated energy company, engages in the oil and gas business worldwide.

Shell

Market Cap: Mex$195.7b

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

Talos Energy

Market Cap: Mex$2.4b

Through its subsidiaries, engages in the exploration and production of oil and gas in the United States and Mexico.

Teekay Tankers

Market Cap: Mex$1.5b

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

DHT Holdings

Market Cap: Mex$2.7b

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

Expand Energy

Market Cap: Mex$25.6b

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

Kosmos Energy

Market Cap: Mex$1.4b

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

SLB

Market Cap: Mex$69.2b

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

APA

Market Cap: Mex$12.9b

An independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids.

ONEOK

Market Cap: Mex$54.5b

Operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States.

TotalEnergies

Market Cap: Mex$159.2b

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

Transocean

Market Cap: Mex$7.3b

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

EOG Resources

Market Cap: Mex$72.8b

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.

Permian Resources

Market Cap: Mex$16.3b

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.

Frontline

Market Cap: Mex$7.0b

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

Gevo

Market Cap: Mex$555.9m

Operates as a carbon abatement company.

Suncor Energy

Market Cap: Mex$99.8b

Operates as an integrated energy company in Canada, the United States, and internationally.