Global Energy Low Leverage High Rewards

NWF Group

Market Cap: UK£67.9m

Engages in the sale and distribution of fuel oils in the United Kingdom.

Meghna Petroleum

Market Cap: ৳22.5b

Engages in the procurement, storage, and marketing of petroleum products and lubricants, bitumen, liquefied petroleum gas (LPG), and battery water in Bangladesh.

San-Ai Obbli

Market Cap: JP¥128.0b

San-Ai Obbli Co., Ltd. wholesales and retails petroleum products and liquefied petroleum (LP) gas.

Padma Oil

Market Cap: ৳18.1b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

d'Amico International Shipping

Market Cap: €908.9m

Through its subsidiaries, operates as a marine transportation company worldwide.

Canadian Natural Resources

Market Cap: CA$126.2b

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.

Toyo Kanetsu K.K

Market Cap: JP¥36.7b

Engages in plant and machinery, material handling systems, and other businesses in Japan, Southeast Asia, and internationally.

Valero Energy

Market Cap: US$72.5b

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.

Chennai Petroleum

Market Cap: ₹173.7b

Produces and supplies petroleum products in India.

La Société de Transport des Hydrocarbures par Pipelines SOTRAPIL

Market Cap: د.ت128.0m

Engages in the transport of hydrocarbons through pipelines connecting Bizerte and Rades; transport of aviation fuel; and storage services.

Afriquia Gaz

Market Cap: د.م12.9b

Engages in the distribution of liquefied petroleum gas in Morocco.

Wasco Berhad

Market Cap: RM 596.2m

Provides energy solutions worldwide It operates through Energy Services, Bioenergy Services, and Others segments.

National Petroleum Services Company K.S.C.P

Market Cap: د.ك134.6m

National Petroleum Services Company K.S.C.P.

Inpex

Market Cap: JP¥4.0t

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

Bharat Petroleum

Market Cap: ₹1.4t

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

AKR Corporindo

Market Cap: Rp24.3t

A logistics and supply chain company, engages in distribution and trading of petroleum and basic chemical products in Indonesia.

Deleum Berhad

Market Cap: RM 457.8m

Engages in the oil and gas businesses in Malaysia, Indonesia, and internationally.

Petronet LNG

Market Cap: ₹438.0b

Engages in the import, storage, regasification, and supply of liquefied natural gas (LNG) in India.

BWG

Market Cap: NOK 27.7b

An investment holding company, engages in ship owning and chartering activities worldwide.

Itochu EnexLtd

Market Cap: JP¥226.4b

Engages in the sale of petroleum products and liquefied petroleum gas (LPG), electricity, heat supply, vehicle sales in Japan and internationally.

Beijing Haohua Energy Resource

Market Cap: CN¥16.4b

Engages in the mining, washing, manufacturing, processing, export, and sale of coal in China.

Oil and Natural Gas

Market Cap: ₹3.1t

Engages in the exploration, development, production, and distribution of crude oil, natural gas, and value-added products in India and internationally.

Imperial Oil

Market Cap: CA$79.8b

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

Fuji United Holdings CompanyLtd

Market Cap: JP¥7.7b

Fuji United Holdings Company,Ltd. purchases and sells petroleum products in Japan.

Coal India

Market Cap: ₹3.0t

Produces and sells coal and coal products in India.

Susco

Market Cap: ฿2.0b

Engages in the wholesale and retail of fuel products in Thailand, Cambodia, Myanmar, Laos, and China.

Lanka IOC

Market Cap: LK₨74.9b

Imports, sells, and distributes petroleum products in Sri Lanka.

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft2.4t

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

Tenaris

Market Cap: €26.1b

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.

Exxaro Resources

Market Cap: R50.3b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

DHT Holdings

Market Cap: US$3.0b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.

Total Energy Services

Market Cap: CA$814.7m

Operates as an energy services company primarily in Canada, the United States, Australia, and internationally.

EOG Resources

Market Cap: US$70.3b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

Shaanxi Coal Industry

Market Cap: CN¥228.6b

Engages in the production and sales of coal and electricity in China and internationally.

China Aviation Oil (Singapore)

Market Cap: S$1.6b

Trades in and supplies jet fuel to civil aviation industry worldwide.

Elnusa

Market Cap: Rp4.5t

Provides oil and gas services in Indonesia.