Indonesian Energy Price disconnect

Adaro Andalan Indonesia

Market Cap: Rp96.6t

Engages in the coal mining activities.

Alamtri Resources Indonesia

Market Cap: Rp74.9t

Engages in the coal and mining business in Indonesia.

Energi Mega Persada

Market Cap: Rp36.3t

Through its subsidiaries, operates as an upstream oil and natural gas company in Indonesia, Mozambique, and Japan.

Rukun Raharja

Market Cap: Rp15.9t

Operates as an integrated energy provider in Indonesia.

Prima Andalan Mandiri

Market Cap: Rp13.0t

Through its subsidiaries, operates as a coal mining company in Indonesia.

Elnusa

Market Cap: Rp5.2t

Provides oil and gas services in Indonesia.

Wintermar Offshore Marine

Market Cap: Rp2.8t

Provides supporting services for the offshore transportation for the oil and gas industry in Indonesia, Malaysia, Brunei, Myanmar, Thailand, India, Vietnam, the Philippines, the Middle East, and Taiwan.

Mandiri Herindo Adiperkasa

Market Cap: Rp2.3t

Provides coal transportation services in Indonesia.

Dwi Guna Laksana

Market Cap: Rp2.1t

Engages in the coal mining and trading business in Indonesia.

Apexindo Pratama Duta

Market Cap: Rp680.9b

Operates as a drilling contractor in Indonesia and internationally.

Logindo Samudramakmur

Market Cap: Rp603.2b

Provides offshore marine support services for the upstream oil and gas industry in Indonesia.

Newport Marine Services

Market Cap: Rp483.2b

Provides chartering vessels for offshore services in Indonesia and internationally.

Exploitasi Energi Indonesia

Market Cap: Rp331.4b

Operates as an integrated coal-based energy company in Indonesia.

Ginting Jaya Energi

Market Cap: Rp138.6b

A contracting company, engages in oil and gas services in Indonesia.