Global Energy Strong Balance Sheet Stocks

PJSC LUKOIL

Market Cap: ₽2.5t

PJSC LUKOIL, together with its subsidiaries, engages in exploration, production, refining, marketing, and distribution of oil and gas.

Pan Orient Energy

Market Cap: CA$60.3m

Pan Orient Energy Corp., a junior oil and natural gas company, engages in the exploration, development, and production of oil and gas properties in Thailand and Canada.

Oil Company Bashneft

Market Cap: ₽176.8b

Public Joint Stock Oil Company Bashneft engages in the development and implementation, exploration, production, and refining of oil reserves in Russia.

Jiangsu Xukuang Energy

Market Cap: CN¥35.4b

Engages in the coal mining, washing, and processing.

Shaanxi Coal Industry

Market Cap: CN¥196.7b

Shaanxi Coal Industry Company Limited, together with its subsidiaries, mines, produces, washes, processes, and sells coal in China and internationally.

Kyungdong Invest

Market Cap: ₩124.7b

Primarily engages in the supply of city gas in South Korea.

Zhejiang Kingland Pipeline and TechnologiesLtd

Market Cap: CN¥3.0b

Zhejiang Kingland Pipeline and Technologies Co.,Ltd.

Star Petroleum Refining

Market Cap: ฿23.0b

Operates a petroleum refinery in the Rayong Province of Thailand.

Asian Insulators

Market Cap: ฿2.3b

Manufactures and distributes porcelain insulators products for electricity distribution and transmission in Thailand.

Petrovietnam Chemical and Services

Market Cap: ₫730.8b

Engages in the production of drilling fluids and petroleum chemicals for oil and gas, and other industries in Vietnam.

Japan Petroleum Exploration

Market Cap: JP¥265.6b

Explores, develops, produces, and sells oil, natural gas, and other energy resources in Japan, Europe, North America, and the Middle East.

Qualitech

Market Cap: ฿305.6m

Provides non-destructive testing, inspection, and certification services for welding and metal works, and equipment in Thailand and internationally.

CNOOC Energy Technology & Services

Market Cap: CN¥39.6b

Operates in the oil and gas industry in China.

TAEYANG

Market Cap: ₩51.2b

Provides portable butane gas cartridges, stoves, and gas filling and aerosol products in South Korea.

Haimo Technologies Group

Market Cap: CN¥3.5b

Manufactures and sells oilfield equipment and instruments for oilfield service companies in China, the Middle East, North Africa, Central, South and Southeast Asia, and North and South America.

Hengyang Petrochemical Logistics

Market Cap: S$33.0m

An investment holding company, provides logistics and storage service solutions for the petrochemical industry in the People’s Republic of China.

Atlantic Navigation Holdings (Singapore)

Market Cap: S$29.3m

An investment holding company, provides marine logistics, ship repair, fabrication, and other marine services in Qatar, Saudi Arabia, Oman, and internationally.

Prima Andalan Mandiri

Market Cap: Rp18.0t

Through its subsidiaries, operates as a coal mining company in Indonesia.

Dian Swastatika Sentosa

Market Cap: Rp271.1t

Engages in the coal mining and trading; multimedia; forestry; infrastructure; power and steam generation; technology; and fertilizer and chemical trading businesses in Indonesia, China, India, Japan, Korea, the Netherlands, Europe, rest of Southeast Asia, and internationally.

Citra Tubindo

Market Cap: Rp1.9t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Pancontinental Energy

Market Cap: AU$48.8m

Engages in the exploration of oil and gas properties in Namibia and Australia.

China Leon Inspection Holding

Market Cap: HK$1.4b

An investment holding company, provides services on inspection, testing, technical, and consulting services in Greater China, Singapore, and internationally.

Padma Oil

Market Cap: ৳17.7b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

GP Petroleums

Market Cap: ₹2.1b

GP Petroleums Limited formulates, manufactures, and markets industrial and automotive lubricants, rubber process oils, transformer oils, greases, and other specialties to industrial, automotive, and rubber industries in India.

Breakthrough Minerals

Market Cap: AU$3.5m

Operates as a mining and energy company in Australia and Canada.

Dwi Guna Laksana

Market Cap: Rp2.2t

Engages in the coal mining and trading activities in Indonesia.

Berkeley Energia

Market Cap: AU$245.2m

Engages in the exploration and development of mineral properties in Spain.

Lanka IOC

Market Cap: LK₨67.1b

Imports, sells, and distributes petroleum products in Sri Lanka.

China Aviation Oil (Singapore)

Market Cap: S$714.0m

Trades in and supplies jet fuel to civil aviation industry worldwide.

Elnusa

Market Cap: Rp3.1t

Provides oil and gas services in Indonesia.

Rompetrol Well Services

Market Cap: RON 160.2m

Provides specialized services to crude oil and natural gas wells in Romania and internationally.

Mustang Energy

Market Cap: CA$17.0m

Engages in the exploration of uranium deposits in the Athabasca Basin in North Saskatchewan.

Total Energy Services

Market Cap: CA$352.0m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 64.6b

Processes heavy bitumen crude in Africa.

ADS Maritime Holding

Market Cap: NOK 141.3m

Operates as a shipping investment company.

Philodrill

Market Cap: ₱1.6b

Engages in the oil and gas exploration and production activities in the Philippines.