Global Energy Strong Balance Sheet Stocks

San Juan Basin Royalty Trust

Market Cap: US$296.0m

Operates as an express trust in Texas.

Gazprom

Market Cap: ₽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.

HF Sinclair

Market Cap: US$6.7b

Operates as an independent energy company in the United States.

MEG Energy

Market Cap: CA$5.4b

An energy company, focuses on in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada.

Changzheng Engineering TechnologyLtd

Market Cap: CN¥9.2b

Provides research and development, engineering design, technical, equipment supply, and EPC general engineering contracting services for aerospace pulverized coal pressurized gasification technology and equipment in the People’s Republic of China.

Mari Energies

Market Cap: PK₨753.4b

Explores for, produces, and sells hydrocarbons in Pakistan.

ADNOC Gas

Market Cap: د.إ250.2b

Engages in the processing of associated and non-associated gas from onshore oil and gas productions and transmission of related products in the United Arab Emirates.

Empire Energy Group

Market Cap: AU$208.5m

Together its subsidiaries, engages in the production and sale of oil and natural gas in Australia.

Shanxi Lu'an Environmental Energy Development

Market Cap: CN¥34.0b

Shanxi Lu'an Environmental Energy Development Co., Ltd.

Sichuan Shengda Forestry Industry

Market Cap: CN¥3.0b

Engages in the production and sale of liquefied natural gas (LNG) in China.

PTT Exploration and Production

Market Cap: ฿410.9b

Engages in the exploration and production of petroleum in Thailand and internationally.

CapAllianz Holdings

Market Cap: S$18.4m

An investment holding company, engages in the exploration, development, production, and drilling activities of oil and gas in Singapore and Thailand.

Sigma Energy Compressindo

Market Cap: Rp92.8b

A service company, provides equipment rental services for the monetization of oil and gas industry.

Chennai Petroleum

Market Cap: ₹93.3b

Produces and supplies petroleum products in India.

Keyfield International Berhad

Market Cap: RM 1.6b

An investment holding company, engages in the chartering of its own and third-party vessels in Malaysia.

Michang Oil Ind

Market Cap: ₩153.0b

Engages in the petrochemical business in South Korea.

Nan Nan Resources Enterprise

Market Cap: HK$195.2m

An investment holding company, engages in the mining and sale of coal in the Mainland China, Hong Kong, Singapore, the United Kingdom, and Malaysia.

Aker Solutions

Market Cap: NOK 16.3b

Provides solutions, products, systems, and services to the oil and gas industry in Norway, the United States, Brazil, the United Kingdom, Malaysia, Angola, Brunei, Canada, India, and internationally.

Cloudbreak Discovery

Market Cap: UK£2.3m

Engages in the acquisition of natural resource project and royalty generation worldwide.

Bisichi

Market Cap: UK£10.1m

Engages in coal mining and processing activities.

Iwatani

Market Cap: JP¥335.7b

Engages in supplying gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia.

Nissin ShojiLtd

Market Cap: JP¥6.9b

Engages in the sale of petroleum products in Japan.

Seamec

Market Cap: ₹21.6b

Provides offshore oilfield and diving support vessel services in India and internationally.

Eidesvik Offshore

Market Cap: NOK 948.8m

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

Shanxi Blue Flame Holding

Market Cap: CN¥6.5b

Engages in the exploration, development, and utilization of coal mine gas.

OKEA

Market Cap: NOK 1.8b

An oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf.

BP

Market Cap: UK£59.8b

An integrated energy company, provides carbon products and services.

Galp Energia SGPS

Market Cap: €10.0b

Operates as an integrated energy operator in Portugal and internationally.

Appia Rare Earths & Uranium

Market Cap: CA$16.8m

Engages in the acquisition, exploration, and development of mineral properties in Canada and Brazil.

CES Energy Solutions

Market Cap: CA$1.4b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Halliburton

Market Cap: US$18.3b

Provides products and services to the energy industry worldwide.

Gujarat Mineral Development

Market Cap: ₹101.5b

Engages in mining and mineral processing business in India.

PureWave Hydrogen

Market Cap: CA$4.6m

An exploration stage company, engages in the acquisition and exploration of natural hydrogen and mineral properties in Canada and the United States.

ConocoPhillips

Market Cap: US$118.9b

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

Comstock

Market Cap: US$65.8m

Engages in the systemic decarbonization business in Nevada and internationally.

Western Energy Services

Market Cap: CA$73.8m

Operates as an oilfield service company in Canada and the United States.