Global Energy Low Leverage High Rewards

Beijing Haohua Energy Resource

Market Cap: CN¥15.8b

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

Cenovus Energy

Market Cap: CA$77.3b

Develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China.

PJSC Tatneft

Market Cap: ₽915.4b

Engages in exploration, development, and production of crude oil in Russia and internationally.

TotalEnergies Marketing Côte d'Ivoire

Market Cap: XOF 188.6b

TotalEnergies Marketing Côte d'Ivoire S.A.

Highwater Ethanol

Market Cap: US$69.1m

Produces and sells fuel ethanol and co-products of the fuel ethanol production process through third-party professional marketers in the continental United States.

Sanrin

Market Cap: JP¥9.6b

Manufactures and sells briquette, charcoal, petroleum, LP gas, and other fuel products in Japan.

Mitsuuroko Group HoldingsLtd

Market Cap: JP¥113.5b

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

Sinopec Kantons Holdings

Market Cap: HK$9.4b

An investment holding company, provides crude oil jetty services.

China Oilfield Services

Market Cap: HK$54.4b

Provides integrated oilfield services in China, Indonesia, Mexico, Norway, the Middle East, and internationally.

Türkiye Petrol Rafinerileri

Market Cap: ₺586.2b

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

Hunting

Market Cap: UK£695.5m

Manufactures components, technology systems, and precision parts worldwide.

Turcas Holding

Market Cap: ₺11.3b

Operates as a petrol and energy-focused investment company in Turkey.