Global Energy Low Leverage High Rewards

NWF Group

Market Cap: UK£63.2m

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

Jamuna Oil

Market Cap: ৳20.4b

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

San-Ai Obbli

Market Cap: JP¥130.9b

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

Shaanxi Coal Industry

Market Cap: CN¥211.4b

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

Padma Oil

Market Cap: ৳16.6b

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

Zhejiang Kingland Pipeline and TechnologiesLtd

Market Cap: CN¥4.3b

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: Ft1.8t

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

Exxaro Resources

Market Cap: R42.4b

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

Canadian Natural Resources

Market Cap: CA$92.7b

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.

Les Docks des Pétroles d'Ambès -SA

Market Cap: €89.0m

Provides logistics services of petroleum products in France.

Exxon Mobil

Market Cap: US$498.3b

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

Chevron

Market Cap: US$301.6b

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

La Société de Transport des Hydrocarbures par Pipelines SOTRAPIL

Market Cap: د.ت92.7m

Engages in the transportation of hydrocarbons and refined products through pipelines.

Iwatani

Market Cap: JP¥382.7b

Engages in supplying gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia.

Petronet LNG

Market Cap: ₹419.1b

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

Great Eastern Shipping

Market Cap: ₹158.3b

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

Bharat Petroleum

Market Cap: ₹1.6t

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

AKR Corporindo

Market Cap: Rp24.7t

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

Repsol

Market Cap: €17.8b

Operates as a multi-e energy company in Spain, Peru, the United States, Portugal, and internationally.

United Tractors

Market Cap: Rp108.2t

Provides coal mining services in Indonesia.

Deleum Berhad

Market Cap: RM 489.9m

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

Inpex

Market Cap: JP¥3.8t

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

TotalEnergies Marketing Kenya

Market Cap: KSh23.9b

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

Itochu EnexLtd

Market Cap: JP¥212.6b

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

Dayang Enterprise Holdings Bhd

Market Cap: RM 1.9b

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.

Oil and Natural Gas

Market Cap: ₹3.0t

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

Sea Oil

Market Cap: ฿2.2b

Engages in the retail sale of fuel and lubricant oils, and related products in Thailand and internationally.

Mitsuuroko Group HoldingsLtd

Market Cap: JP¥123.1b

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

Imperial Oil

Market Cap: CA$58.2b

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

CNOOC Energy Technology & Services

Market Cap: CN¥39.1b

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

Elnusa

Market Cap: Rp3.6t

Provides oil and gas services in Indonesia.

Citra Tubindo

Market Cap: Rp4.4t

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

Alphageo (India)

Market Cap: ₹1.4b

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

Lanka IOC

Market Cap: LK₨67.5b

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

China Aviation Oil (Singapore)

Market Cap: S$1.4b

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

Tenaris

Market Cap: €16.8b

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.