Global Energy Low Leverage High Rewards

Padma Oil

Market Cap: ৳17.9b

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

Chevron

Market Cap: US$245.3b

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

Meghna Petroleum

Market Cap: ৳21.7b

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

Inpex

Market Cap: JP¥2.2t

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

Jamuna Oil

Market Cap: ৳19.0b

Engages in marketing of refined petroleum oil, lubricants, gas, and bitumen in Bangladesh.

Shaanxi Coal Industry

Market Cap: CN¥185.9b

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

Resource Alam Indonesia

Market Cap: Rp1.8t

Engages in the coal mining business in Indonesia.

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft1.9t

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

DHT Holdings

Market Cap: US$1.7b

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

Canadian Natural Resources

Market Cap: CA$85.1b

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.

SECURE Waste Infrastructure

Market Cap: CA$3.1b

Engages in the waste management and energy infrastructure businesses primarily in Canada and the United States.

Toyo Kanetsu K.K

Market Cap: JP¥27.3b

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

Japan Petroleum Exploration

Market Cap: JP¥262.0b

Explores, develops, produces, and sells oil, natural gas, and other energy resources in Japan, Europe, North America, and the Middle East.

Yantai Jereh Oilfield Services Group

Market Cap: CN¥32.1b

Yantai Jereh Oilfield Services Group Co., Ltd.

Exxon Mobil

Market Cap: US$468.7b

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

TotalEnergies

Market Cap: €113.9b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Japan Oil Transportation

Market Cap: JP¥9.8b

Primarily engages in the transportation of fuel oils, liquefied natural gas (LNG) and other high-pressure gases, petrochemical products, and other related products in Japan and internationally.

NWF Group

Market Cap: UK£85.3m

Primarily engages in the sale and distribution of fuel oils in the United Kingdom.

PTT Exploration and Production

Market Cap: ฿395.0b

Engages in the exploration and production of petroleum in Thailand and internationally.

Afriquia Gaz

Market Cap: د.م14.1b

Distributes liquefied petroleum gas, butane, and propane in Morocco.

Whitecap Resources

Market Cap: CA$4.8b

Engages in the acquisition, development, and production of petroleum and natural gas properties and assets in Western Canada.

United Tractors

Market Cap: Rp82.4t

Provides coal mining services in Indonesia.

Petronet LNG

Market Cap: ₹470.6b

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

Great Eastern Shipping

Market Cap: ₹124.2b

Through its subsidiaries, engages in the shipping and offshore businesses in India and internationally.

Ardmore Shipping

Market Cap: US$391.7m

Engages in the seaborne transportation of petroleum products and chemicals worldwide.

Teekay Tankers

Market Cap: US$1.5b

Provides marine transportation services to oil industries in Bermuda and internationally.

Dayang Enterprise Holdings Bhd

Market Cap: RM 2.0b

An investment holding company, provides offshore topside maintenance services, minor fabrication works, and offshore hook-up and commissioning services to the oil and gas companies in Malaysia.

Beijing Haohua Energy Resource

Market Cap: CN¥10.4b

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

Velesto Energy Berhad

Market Cap: RM 1.3b

An investment holding company, provides services for the upstream sector of the oil and gas industry in Malaysia and internationally.

Inner Mongolia Dian Tou Energy

Market Cap: CN¥40.0b

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

CNOOC

Market Cap: HK$826.3b

An investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas in the People’s Republic of China, Canada, and internationally.

San-Ai Obbli

Market Cap: JP¥104.5b

Engages in the wholesale and retail of petroleum products and liquefied petroleum (LP) gas.

Itochu EnexLtd

Market Cap: JP¥173.9b

Engages in the sale of petroleum products and liquefied petroleum gas (LPG) in Japan and internationally.

PetroChina

Market Cap: HK$1.5t

Engages in a range of petroleum related products, services, and activities in Mainland China and internationally.

Imperial Oil

Market Cap: CA$48.9b

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

Mitsuuroko Group HoldingsLtd

Market Cap: JP¥101.9b

Engages in the energy, power and electricity, food, living and wellness, and other businesses.