Global Energy Low Leverage High Rewards

NWF Group

Market Cap: UK£69.2m

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

Meghna Petroleum

Market Cap: ৳23.2b

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

La Société de Transport des Hydrocarbures par Pipelines SOTRAPIL

Market Cap: د.ت140.2m

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

San-Ai Obbli

Market Cap: JP¥143.9b

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

d'Amico International Shipping

Market Cap: €857.2m

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

Bolloré

Market Cap: €10.9b

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

Toyo Kanetsu K.K

Market Cap: JP¥38.1b

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

Padma Oil

Market Cap: ৳19.8b

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

Canadian Natural Resources

Market Cap: CA$137.8b

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.

Japan Oil Transportation

Market Cap: JP¥17.3b

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

Chennai Petroleum

Market Cap: ₹187.8b

Produces and supplies petroleum products in India.

Wasco Berhad

Market Cap: RM 545.9m

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.ك131.9m

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

Deleum Berhad

Market Cap: RM 445.7m

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

Petronet LNG

Market Cap: ₹421.1b

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

United Tractors

Market Cap: Rp83.7t

Provides coal mining services in Indonesia.

AKR Corporindo

Market Cap: Rp29.0t

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

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.

Itochu EnexLtd

Market Cap: JP¥245.0b

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: ₹3.1t

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

Jamuna Oil

Market Cap: ৳20.1b

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

TotalEnergies Marketing Kenya

Market Cap: KSh27.4b

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

Fuji United Holdings CompanyLtd

Market Cap: JP¥7.8b

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

Coal India

Market Cap: ₹2.6t

Produces and sells coal and coal products in India.

Exxaro Resources

Market Cap: R47.7b

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

Tenaris

Market Cap: €25.2b

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.

Japan Petroleum Exploration

Market Cap: JP¥452.4b

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

China Aviation Oil (Singapore)

Market Cap: S$1.5b

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

Shaanxi Coal Industry

Market Cap: CN¥240.4b

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

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: ₹1.4b

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

Jadranski naftovod d.d

Market Cap: €836.4m

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

EOG Resources

Market Cap: US$77.5b

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.

Total Energy Services

Market Cap: CA$852.5m

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

OMV

Market Cap: €20.6b

Operates as an oil, gas, and chemicals company in Austria, Belgium, Germany, New Zealand, Norway, Romania, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally.