Global Energy Low Leverage High Rewards

NWF Group

Market Cap: UK£67.2m

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

Meghna Petroleum

Market Cap: ৳21.9b

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¥134.4b

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

Padma Oil

Market Cap: ৳17.5b

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

Shaanxi Coal Industry

Market Cap: CN¥258.9b

Shaanxi Coal Industry Company Limited, together with its subsidiaries, mines, produces, washes, processes, and sells coal in China and internationally.

Zhejiang Kingland Pipeline and TechnologiesLtd

Market Cap: CN¥4.9b

Focuses on the research, development, manufacture, and sale of welded steel pipe products for the petroleum industry in China.

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft2.4t

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

Canadian Natural Resources

Market Cap: CA$133.9b

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.

Exxaro Resources

Market Cap: R49.4b

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

Exxon Mobil

Market Cap: US$631.6b

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

Valero Energy

Market Cap: US$69.1b

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.

Les Docks des Pétroles d'Ambès -SA

Market Cap: €91.9m

Provides logistics services of petroleum products in France.

Wasco Berhad

Market Cap: RM 758.8m

Provides energy solutions worldwide.

Aker Solutions

Market Cap: NOK 19.7b

Provides solutions, products, systems, and services to the oil and gas industry in Norway, the United States, Brazil, the United Kingdom, Malaysia, Angola, Brunei, Canada, India, and internationally.

La Société de Transport des Hydrocarbures par Pipelines SOTRAPIL

Market Cap: د.ت107.6m

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

Inpex

Market Cap: JP¥5.0t

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

Petronet LNG

Market Cap: ₹445.1b

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

United Tractors

Market Cap: Rp107.1t

Provides coal mining services in Indonesia.

AKR Corporindo

Market Cap: Rp24.5t

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

Deleum Berhad

Market Cap: RM 501.9m

An investment holding company, provides products and services to the oil and gas industries primarily in Malaysia.

Pulse Seismic

Market Cap: CA$252.6m

Engages in the acquisition and licensing of 2D and 3D seismic data to the energy sector in western Canada.

Itochu EnexLtd

Market Cap: JP¥222.0b

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

Oil and Natural Gas

Market Cap: ₹3.4t

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

TotalEnergies Marketing Kenya

Market Cap: KSh27.2b

TotalEnergies Marketing Kenya PLC markets and sells of petroleum products and energy solutions in Kenya and internationally.

Imperial Oil

Market Cap: CA$78.9b

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

Mitsuuroko Group HoldingsLtd

Market Cap: JP¥121.5b

Supplies liquefied petroleum gas and petroleum products in Japan, Singapore, and the rest of Asia.

CNOOC Energy Technology & Services

Market Cap: CN¥49.2b

Operates as an offshore and onshore oil and gas production company in China and internationally.

Citra Tubindo

Market Cap: Rp4.6t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Asian Insulators

Market Cap: ฿2.1b

Designs, produces, and distributes porcelain insulators and electrical equipment in Thailand.

Jadranski naftovod d.d

Market Cap: €816.2m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia and internationally.

Toyo Kanetsu K.K

Market Cap: JP¥42.7b

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

Alphageo (India)

Market Cap: ₹1.3b

Engages in the provision of geophysical seismic data acquisition, processing, and interpretation services for exploration of hydrocarbons and minerals in India.

Susco

Market Cap: ฿2.0b

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

New Hope

Market Cap: AU$4.4b

Engages in the development and operation of coal mines.

Lanka IOC

Market Cap: LK₨77.6b

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

China Aviation Oil (Singapore)

Market Cap: S$1.7b

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