Global Energy Low Leverage High Rewards

Total Energy Services

Market Cap: CA$783.2m

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

Tenaris

Market Cap: €24.9b

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.

DHT Holdings

Market Cap: US$2.8b

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

Jadranski naftovod d.d

Market Cap: €876.7m

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

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥29.3b

Engages in the production and sales of coal in China.

Bumi Armada Berhad

Market Cap: RM 2.0b

An investment holding company, engages in providing floating production storage and offloading (FPSO) operations, and exploration, engineering, and maintenance services to offshore oil and gas companies.

Chevron

Market Cap: US$338.3b

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

Attock Petroleum

Market Cap: PK₨66.8b

Attock Petroleum Limited procures, stores, markets, and distributes a range of petroleum and related products in Pakistan and internationally.

Les Docks des Pétroles d'Ambès -SA

Market Cap: €83.6m

Provides logistics services of petroleum products in France.

Lanna Resources

Market Cap: ฿7.6b

Lanna Resources Public Company Limited, together with its subsidiaries, manufacture and distributes coal.

OMV

Market Cap: €17.6b

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.

TotalEnergies

Market Cap: €151.8b

An integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Brazil, India, and internationally.

Riley Exploration Permian

Market Cap: US$732.0m

An independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico.

Exxon Mobil

Market Cap: US$565.9b

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

PHX Energy Services

Market Cap: CA$467.7m

Provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, the Middle East regions, and internationally.

MODEC

Market Cap: JP¥662.8b

Operates as engineering, procurement, construction and installation (EPCI) general contractor of floating production systems in Brazil, Guyana, Senegal, Cote d' Ivoire, Ghana, Mexico, and internationally.

Petron Malaysia Refining & Marketing Bhd

Market Cap: RM 942.3m

Engages in the manufacture, marketing, and sale of petroleum products for retail and commercial customers in Peninsular Malaysia.

Thai Oil

Market Cap: ฿104.4b

Engages in the oil refining and distributions, petrochemicals, lube base oil, and other businesses in Thailand, Indonesia, and internationally.

ZJMI Environmental Energy

Market Cap: CN¥6.3b

Sells coal products in China and internationally.

HF Sinclair

Market Cap: US$12.3b

Operates as an independent energy company in the United States.

Aker Solutions

Market Cap: NOK 21.5b

Provides solutions, products, systems, and services to the oil and gas industry in Norway, the United States, Brazil, the United Kingdom, Malaysia, Angola, Brunei, Canada, India, and internationally.

Suncor Energy

Market Cap: CA$90.2b

Operates as an integrated energy company in Canada, the United States, and internationally.

ConocoPhillips

Market Cap: US$129.1b

Explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids.

JAG Capital Berhad

Market Cap: RM 476.5m

An investment holding company, engages in the business of importing, storing, bottling, marketing, trading, and distributing liquefied petroleum gas (LPG) for household and industrial use under the Solar Gas brand name in Malaysia.

United Tractors

Market Cap: Rp80.7t

Provides coal mining services in Indonesia.

Repsol

Market Cap: €23.5b

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

Naturelgaz Sanayi ve Ticaret

Market Cap: ₺7.9b

Engages in purchases, compresses, and delivers natural gas for compressed natural gas (CNG) in the transported natural gas sector, and purchases, transports, and delivers gas in the liquefied natural gas (LNG) sector in Turkey.

Great Eastern Shipping

Market Cap: ₹214.0b

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

Al Mahhar Holding Company Q.P.S.C

Market Cap: ر.ق451.3m

Engages in the energy and infrastructure business in Qatar and internationally.

Pulse Seismic

Market Cap: CA$170.4m

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

Reserve Petroleum

Market Cap: US$32.0m

Operates as an independent oil and gas company in the United States.

TORM

Market Cap: DKK 18.2b

A shipping company, owns and operates a fleet of product tankers in the United Kingdom and internationally.

Teekay Tankers

Market Cap: US$2.4b

Provides marine transportation services to oil industries in Bermuda 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 oil and gas companies in Malaysia.

Inner Mongolia Dian Tou Energy

Market Cap: CN¥70.8b

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

Indo Tambangraya Megah

Market Cap: Rp24.6t

Engages in coal mining and energy activities.