Mexican Energy Potentially Undervalued Companies

TotalEnergies

Market Cap: Mex$115.3b

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.

Scorpio Tankers

Market Cap: Mex$2.2b

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

Matador Resources

Market Cap: Mex$6.4b

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

NOV

Market Cap: Mex$4.7b

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.

Gazprom

Market Cap: Mex$4.7t

Public Joint Stock Company Gazprom, an integrated energy company, engages in the geological exploration, production, processing, storage, transportation, and sale of gas, gas condensates, and oil in Russia and internationally.

Petróleo Brasileiro - Petrobras

Market Cap: Mex$441.6b

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

Petróleo Brasileiro - Petrobras

Market Cap: Mex$441.6b

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

TotalEnergies

Market Cap: Mex$115.3b

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.

PBF Energy

Market Cap: Mex$2.9b

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

Diamondback Energy

Market Cap: Mex$44.1b

An independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

Baytex Energy

Market Cap: Mex$2.7b

An energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States.

Transocean

Market Cap: Mex$2.7b

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

Equinor

Market Cap: Mex$658.3b

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

Permian Resources

Market Cap: Mex$11.4b

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.

EOG Resources

Market Cap: Mex$66.2b

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.

Par Pacific Holdings

Market Cap: Mex$804.0m

Operates as an energy company in the United States.

Vista Energy. de

Market Cap: Mex$91.2b

Through its subsidiaries, engages in the exploration and production of oil and gas in Latin America.

Devon Energy

Market Cap: Mex$22.0b

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

Suncor Energy

Market Cap: Mex$67.4b

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

Halliburton

Market Cap: Mex$19.1b

Provides products and services to the energy industry worldwide.

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 the People’s Republic of China, Canada, and internationally.

HF Sinclair

Market Cap: Mex$10.8b

Operates as an independent energy company in the United States.

International Seaways

Market Cap: Mex$2.0b

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

Woodside Energy Group

Market Cap: Mex$50.4b

Engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe.

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.

Galp Energia SGPS

Market Cap: Mex$11.2b

Operates as an integrated energy operator in Portugal and internationally.

BP

Market Cap: Mex$62.8b

An integrated energy company, provides carbon products and services.

Teekay Tankers

Market Cap: Mex$1.5b

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

Schlumberger

Market Cap: Mex$53.2b

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

DHT Holdings

Market Cap: Mex$1.8b

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

Ecopetrol

Market Cap: Mex$73.0t

Operates as an integrated energy company.

APA

Market Cap: Mex$7.0b

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

Tenaris

Market Cap: Mex$17.3b

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.

ONEOK

Market Cap: Mex$51.7b

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

Murphy Oil

Market Cap: Mex$3.7b

Operates as an oil and gas exploration and production company in the United States, Canada, and internationally.