Global Energy Low Leverage High Rewards

NWF Group

Market Cap: UK£74.6m

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

Meghna Petroleum

Market Cap: ৳22.7b

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.ت128.3m

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

Star Petroleum Refining

Market Cap: ฿52.9b

Engages in refinery and petroleum product distribution in Thailand and internationally.

Padma Oil

Market Cap: ৳19.1b

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

ENEOS Holdings

Market Cap: JP¥3.6t

Through its subsidiaries, operates in the energy petroleum and natural gas development, functional material, electricity and city gas, and renewable energy businesses in Japan, Singapore, China, and internationally.

d'Amico International Shipping

Market Cap: €883.1m

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

Bolloré

Market Cap: €10.8b

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

Canadian Natural Resources

Market Cap: CA$144.9b

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.

Japan Oil Transportation

Market Cap: JP¥16.6b

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

OMV

Market Cap: €22.2b

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.

Chevron

Market Cap: US$398.4b

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

Peyto Exploration & Development

Market Cap: CA$5.2b

Engages in the exploration, development, and production of natural gas, and oil and natural gas liquids in Alberta’s deep basin.

ExxonMobil Holdings

Market Cap: US$674.6b

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

National Petroleum Services Company K.S.C.P

Market Cap: د.ك135.5m

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

Chennai Petroleum

Market Cap: ₹208.6b

Produces and supplies petroleum products in India.

Iwatani

Market Cap: JP¥499.7b

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

Wasco Berhad

Market Cap: RM 549.8m

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

Inpex

Market Cap: JP¥4.5t

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: ₹438.8b

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

AKR Corporindo

Market Cap: Rp27.5t

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

United Tractors

Market Cap: Rp84.3t

Provides coal mining services in Indonesia.

Deleum Berhad

Market Cap: RM 461.8m

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

San-Ai Obbli

Market Cap: JP¥149.4b

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

Oil and Natural Gas

Market Cap: ₹2.9t

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

Itochu EnexLtd

Market Cap: JP¥253.9b

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

Türkiye Petrol Rafinerileri

Market Cap: ₺771.7b

Engages in the procurement and refining of crude oil, petroleum, and chemical products in Turkey and internationally.

Fuji United Holdings CompanyLtd

Market Cap: JP¥8.6b

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

Toyo Kanetsu K.K

Market Cap: JP¥38.5b

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

Susco

Market Cap: ฿2.4b

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

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.

Japan Petroleum Exploration

Market Cap: JP¥478.5b

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

Beach Energy

Market Cap: AU$2.0b

Operates as an oil and gas exploration and production company.

Shaanxi Coal Industry

Market Cap: CN¥257.1b

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

Tenaris

Market Cap: €22.7b

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.

Murphy Oil

Market Cap: US$5.2b

Operates as an oil and gas exploration and production company in the United States, Canada, and internationally.