Global Energy Undervalued over 20% based on DCF

Exxon Mobil

Market Cap: US$567.4b

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

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.

Kinder Morgan

Market Cap: US$72.5b

Operates as an energy infrastructure company primarily in North America.

Valero Energy

Market Cap: US$72.0b

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.

Marathon Petroleum

Market Cap: US$72.0b

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

ADNOC Gas

Market Cap: د.إ263.9b

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.

SLB

Market Cap: US$69.7b

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

Targa Resources

Market Cap: US$57.2b

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

Baker Hughes

Market Cap: US$55.9b

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

Imperial Oil

Market Cap: CA$77.6b

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

PJSC LUKOIL

Market Cap: ₽2.5t

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

Orlen

Market Cap: zł146.2b

Operates in refining, petrochemical, energy, retail, gas, and upstream business.

Woodside Energy Group

Market Cap: AU$52.6b

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

Tenaris

Market Cap: €25.3b

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.

Halliburton

Market Cap: US$28.3b

Provides products and services to the energy industry worldwide.

TechnipFMC

Market Cap: US$25.6b

Engages in the oil and natural gas projects, technologies, systems, and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally.

Inpex

Market Cap: JP¥3.9t

Engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources in Japan and internationally.

Neste Oyj

Market Cap: €20.9b

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¥157.9b

China Merchants Energy Shipping Co., Ltd.

ENEOS Holdings

Market Cap: JP¥3.3t

Through its subsidiaries, operates in the energy petroleum and natural gas development, functional material, electricity and city gas, and renewable energy businesses in Japan, Singapore, China, and internationally.

PTT Exploration and Production

Market Cap: ฿516.1b

Engages in the exploration, development, and production of petroleum in Thailand, rest of Southeast Asia, the Middle East, Africa, and internationally.

PJSC Tatneft

Market Cap: ₽915.4b

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

OMV Petrom

Market Cap: RON 66.1b

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

Subsea 7

Market Cap: NOK 98.0b

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

Idemitsu KosanLtd

Market Cap: JP¥1.5t

Engages in the fuel oil, basic chemicals, functional materials, power and renewable energy, and resources businesses in Japan, Singapore, Asia, Oceania, North America, and internationally.

Frontline

Market Cap: US$9.1b

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

Gaztransport & Technigaz

Market Cap: €6.8b

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.

Oil India

Market Cap: ₹661.7b

Engages in the exploration, development, and production of crude oil and natural gas in India.

Archrock

Market Cap: US$6.8b

Operates as an energy infrastructure company in the United States.

NOV

Market Cap: US$6.6b

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.

NewMed Energy - Limited Partnership

Market Cap: ₪18.5b

NewMed Energy - Limited Partnership exploration, development, production, and marketing of natural gas, condensate, and oil in Israel, Jordan and Egypt.

SBM Offshore

Market Cap: €5.4b

Provides floating production solutions to the offshore energy industry worldwide.

Koninklijke Vopak

Market Cap: €5.2b

An independent tank storage company, stores and handles liquid chemicals, gases, and oil products to the energy and manufacturing markets worldwide.

Transocean

Market Cap: US$5.6b

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

ADES Holding

Market Cap: ر.س20.7b

Through its subsidiaries, provides oil and gas drilling and production services in Egypt, Algeria, Tunisia, the Kingdom of Saudi Arabia, Kuwait, Qatar, India, Southeast Asia, West/Central Africa, Norway, and other regions.

Uranium Energy

Market Cap: US$5.4b

Engages in exploration, pre-extraction, extraction, and processing of uranium and titanium concentrates properties in the United States, Canada, and the Republic of Paraguay.