Global Energy Undervalued over 20% based on DCF

ExxonMobil Holdings

Market Cap: US$678.9b

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

Chevron

Market Cap: US$402.7b

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

Canadian Natural Resources

Market Cap: CA$146.0b

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.

Phillips 66

Market Cap: US$96.9b

Operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally.

SLB

Market Cap: US$80.0b

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

Suncor Energy

Market Cap: CA$110.2b

Operates as an integrated energy company in Canada, the United States, 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$69.0b

Operates as an energy infrastructure company primarily in North America.

Targa Resources

Market Cap: US$64.1b

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

Baker Hughes

Market Cap: US$61.9b

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

Orlen

Market Cap: zł178.8b

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

PJSC LUKOIL

Market Cap: ₽2.5t

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

Repsol

Market Cap: €29.1b

Operates as a multi-energy company in Spain, Peru, the United States, Portugal, and internationally.

TechnipFMC

Market Cap: US$30.4b

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.

Neste Oyj

Market Cap: €24.0b

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

Texas Pacific Land

Market Cap: US$26.5b

Engages in the land and resource management, and water services and operations businesses.

Tenaris

Market Cap: €22.7b

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.

China Coal Energy

Market Cap: HK$205.4b

Engages in the production and sale of coal in China and internationally.

Coal India

Market Cap: ₹2.5t

Produces and sells coal and coal products in India.

Aker BP

Market Cap: NOK 221.7b

Engages in the exploration, field development, and production of oil and gas on the Norwegian Continental Shelf.

China Merchants Energy Shipping

Market Cap: CN¥153.4b

China Merchants Energy Shipping Co., Ltd.

YPF Sociedad Anónima

Market Cap: AR$32.1t

An energy company, engages in the oil and gas upstream and downstream activities in South America and Argentina.

Galp Energia SGPS

Market Cap: €16.1b

Operates as an integrated energy operator in Portugal and internationally.

Tourmaline Oil

Market Cap: CA$24.2b

Engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin.

PJSC Tatneft

Market Cap: ₽915.4b

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

Vår Energi

Market Cap: NOK 122.4b

Operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway.

S-Oil

Market Cap: ₩16.2t

Manufactures, sells, and supplies oil refining, lube, and petrochemical products in South Korea.

Subsea 7

Market Cap: NOK 100.6b

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

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft3.2t

Operates as an integrated oil and gas company in Hungary and internationally.

Frontline

Market Cap: US$9.7b

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

Range Resources

Market Cap: US$9.6b

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

Gaztransport & Technigaz

Market Cap: €7.5b

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.

Hindustan Petroleum

Market Cap: ₹791.4b

Engages in the refining and marketing of petroleum products in India and internationally.

DCC Energy

Market Cap: UK£5.4b

Engages in the sales, marketing, and distribution of carbon energy solutions in the Republic of Ireland, the United Kingdom, France, the United States, and internationally.

NOV

Market Cap: US$7.3b

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: ₪19.7b

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