U.S. Energy Undervalued over 20% based on DCF

Exxon Mobil

Market Cap: US$683.0b

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

Chevron

Market Cap: US$401.4b

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

Williams Companies

Market Cap: US$90.5b

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

SLB

Market Cap: US$75.6b

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

Valero Energy

Market Cap: US$75.2b

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.

Kinder Morgan

Market Cap: US$74.1b

Operates as an energy infrastructure company primarily in North America.

Marathon Petroleum

Market Cap: US$72.3b

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

Occidental Petroleum

Market Cap: US$62.4b

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

Baker Hughes

Market Cap: US$60.7b

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

Cheniere Energy

Market Cap: US$59.8b

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

Targa Resources

Market Cap: US$52.8b

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

Venture Global

Market Cap: US$39.3b

A liquefied natural gas (LNG) company, engages in the ownership, development, construction, and operation of LNG production facilities and associated infrastructure in the U.S.

DT Midstream

Market Cap: US$13.7b

Provides integrated natural gas services in the United States.

Range Resources

Market Cap: US$10.4b

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

Transocean

Market Cap: US$7.4b

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

NOV

Market Cap: US$7.0b

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.

Uranium Energy

Market Cap: US$6.4b

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

Archrock

Market Cap: US$6.2b

Operates as an energy infrastructure company in the United States.

Golar LNG

Market Cap: US$5.5b

Designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas.

Tidewater

Market Cap: US$4.3b

Provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide.

Cactus

Market Cap: US$4.2b

Designs, manufactures, sells, and rents engineered pressure control and spoolable pipe technologies in the United States, Australia, Canada, the Middle East, and internationally.

Scorpio Tankers

Market Cap: US$3.6b

Engages in the seaborne transportation of crude oil and refined petroleum products worldwide.

Helmerich & Payne

Market Cap: US$3.6b

Provides drilling solutions and technologies for oil and gas exploration and production companies.

CVR Energy

Market Cap: US$3.3b

Engages in renewable fuels and petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States.

Par Pacific Holdings

Market Cap: US$3.2b

An energy company, provides renewable and conventional fuels in the United States.

Talos Energy

Market Cap: US$2.7b

Through its subsidiaries, engages in the exploration and production of oil and gas in the United States and Mexico.

Rattler Midstream

Market Cap: US$2.2b

Rattler Midstream LP owns, operates, develops, and acquires midstream and energy-related infrastructure assets in the Midland and Delaware Basins of the Permian Basin.

ProPetro Holding

Market Cap: US$1.7b

Operates as an integrated energy services company.

REX American Resources

Market Cap: US$1.5b

Produces and sells ethanol in the United States.

DorianG

Market Cap: US$1.5b

Engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide.

Helix Energy Solutions Group

Market Cap: US$1.5b

An offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the United States, North Sea, the Asia Pacific, West Africa, and internationally.

Sabine Royalty Trust

Market Cap: US$1.1b

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States.

TETRA Technologies

Market Cap: US$1.1b

Operates as an energy services and solutions company.

Forum Energy Technologies

Market Cap: US$670.0m

Designs, manufactures, and supplies products serving the oil, natural gas, defense, and renewable energy industries in the United States and internationally.

FutureFuel

Market Cap: US$186.0m

Manufactures and sells diversified inorganic chemicals, bio-based fuel, and bio-based specialty chemical products in the United States.

NCS Multistage Holdings

Market Cap: US$163.4m

Provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally.