Global Energy Undervalued over 20% based on DCF

Exxon Mobil

Market Cap: US$649.3b

Engages in the exploration and production of crude oil and natural gas in the United States, Canada, and internationally.

Chevron

Market Cap: US$384.2b

Through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally.

China Shenhua Energy

Market Cap: HK$1.1t

Engages in the production and sale of coal and electricity in the People’s Republic of China and internationally.

China Petroleum & Chemical

Market Cap: HK$760.5b

An energy and chemical company, engages in the oil and gas and chemical operations in Mainland China.

Canadian Natural Resources

Market Cap: CA$131.8b

Engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.

Williams Companies

Market Cap: US$89.3b

Operates as an energy infrastructure company primarily in the United States.

Eni

Market Cap: €71.9b

Operates as an integrated energy company in Italy, Other European Union, Rest of Europe, the United States, Asia, Africa, and internationally.

SLB

Market Cap: US$77.9b

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

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.

Suncor Energy

Market Cap: CA$105.9b

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

Kinder Morgan

Market Cap: US$73.3b

Operates as an energy infrastructure company primarily in North America.

Valero Energy

Market Cap: US$71.6b

Manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally.

ADNOC Gas

Market Cap: د.إ251.6b

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.

Marathon Petroleum

Market Cap: US$68.3b

Operates as an integrated downstream energy company in the United States.

Imperial Oil

Market Cap: CA$87.0b

Engages in exploration, production, and sale of crude oil and natural gas in Canada.

Baker Hughes

Market Cap: US$62.6b

Provides a portfolio of technologies and services to energy and industrial value chain.

Occidental Petroleum

Market Cap: US$59.3b

Engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally.

Cheniere Energy

Market Cap: US$57.8b

An energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States.

Targa Resources

Market Cap: US$52.4b

Owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America.

PJSC LUKOIL

Market Cap: ₽2.5t

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

Tenaris

Market Cap: €25.9b

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.

ENEOS Holdings

Market Cap: JP¥3.8t

Through its subsidiaries, operates in the energy, oil and natural gas exploration and production, and metals businesses in Japan, China, Asia, and internationally.

Neste Oyj

Market Cap: €20.1b

Provides renewable diesel and sustainable aviation fuel in Finland, other Nordic countries, Baltic Rim, other European countries, the United States, and internationally.

China Merchants Energy Shipping

Market Cap: CN¥154.1b

China Merchants Energy Shipping Co., Ltd.

PJSC Tatneft

Market Cap: ₽915.4b

Engages in exploration, development, and production of crude oil in Russia and internationally.

OMV Petrom

Market Cap: RON 62.4b

An energy company, engages in the exploration and production of oil and gas in Romania and rest of Europe.

Bharat Petroleum

Market Cap: ₹1.3t

Engages in refining crude oil and marketing petroleum products in India and internationally.

Idemitsu KosanLtd

Market Cap: JP¥1.9t

Engages in the petroleum, basic chemicals, functional materials, power and renewable energy, and resources businesses in Japan, rest of Asia, Oceania, North America, and internationally.

ADNOC Logistics & Services

Market Cap: د.إ39.6b

Operates as an integrated energy maritime logistics company worldwide.

SNGN Romgaz

Market Cap: RON 45.9b

Explores for, produces, and supplies natural gas in Romania.

Range Resources

Market Cap: US$10.2b

Operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States.

Subsea 7

Market Cap: NOK 92.9b

Subsea 7 S.A. delivers offshore projects and services for the energy industry worldwide.

Saipem

Market Cap: €8.1b

Provides energy and infrastructure solutions worldwide.

Gaztransport & Technigaz

Market Cap: €7.6b

A technology and engineering company, provides cryogenic membrane containment systems for the maritime transportation and storage of liquefied gases in South Korea, China, and internationally.

Technip Energies

Market Cap: €7.2b

Operates as an engineering and technology company in Europe, Central Asia, Africa, the Middle East, the Asia Pacific, and the Americas.

Transocean

Market Cap: US$7.4b

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