Global Energy Low Leverage High Rewards

NWF Group

Market Cap: UK£69.9m

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

Meghna Petroleum

Market Cap: ৳23.1b

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¥144.2b

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

Padma Oil

Market Cap: ৳19.7b

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

Bolloré

Market Cap: €11.1b

Engages in the transportation and logistics, communications, and industry businesses in France, rest of Europe, the Americas, the Asia-Pacific, and Africa.

d'Amico International Shipping

Market Cap: €907.1m

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

Canadian Natural Resources

Market Cap: CA$136.2b

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¥38.3b

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

Japan Oil Transportation

Market Cap: JP¥17.8b

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

National Petroleum Services Company K.S.C.P

Market Cap: د.ك133.4m

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

Wasco Berhad

Market Cap: RM 553.6m

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

Chennai Petroleum

Market Cap: ₹173.9b

Produces and supplies petroleum products in India.

La Société de Transport des Hydrocarbures par Pipelines SOTRAPIL

Market Cap: د.ت161.4m

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

Petronet LNG

Market Cap: ₹409.4b

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

AKR Corporindo

Market Cap: Rp28.8t

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

Deleum Berhad

Market Cap: RM 445.7m

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

Pulse Seismic

Market Cap: CA$161.8m

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

Inpex

Market Cap: JP¥4.2t

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: ৳20.0b

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

TotalEnergies Marketing Kenya

Market Cap: KSh27.6b

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

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.

Itochu EnexLtd

Market Cap: JP¥235.3b

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¥15.8b

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

Coal India

Market Cap: ₹2.6t

Produces and sells coal and coal products in India.

Fuji United Holdings CompanyLtd

Market Cap: JP¥7.9b

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

Susco

Market Cap: ฿2.1b

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

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.

China Aviation Oil (Singapore)

Market Cap: S$1.5b

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

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft2.8t

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

Jadranski naftovod d.d

Market Cap: €791.0m

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

Tenaris

Market Cap: €25.0b

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: R46.7b

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

EOG Resources

Market Cap: US$78.0b

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.

DHT Holdings

Market Cap: US$3.0b

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

Japan Petroleum Exploration

Market Cap: JP¥446.5b

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

Shaanxi Coal Industry

Market Cap: CN¥238.1b

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