Global Energy Transition

Chevron

Market Cap: US$375.3b

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

Shell

Market Cap: UK£182.7b

Operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas.

Siemens

Market Cap: €199.2b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

TotalEnergies

Market Cap: €173.5b

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.

NextEra Energy

Market Cap: US$177.5b

Through its subsidiaries, generates, stores, transmits, distributes, and sells electric power to retail and wholesale customers in North America.

Banco Santander

Market Cap: €150.6b

Provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.

Iberdrola

Market Cap: €135.7b

Engages in the generation, production, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia.

Blackstone

Market Cap: US$145.8b

An alternative asset management firm specializing in private equity, venture capital, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies.

Delta Electronics (Thailand)

Market Cap: ฿4.5t

Researches and develops, manufactures, and distributes electronic products.

Hitachi

Market Cap: JP¥20.9t

Provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally.

Enbridge

Market Cap: CA$172.2b

Operates as an energy infrastructure company.

L'Air Liquide

Market Cap: €104.8b

Provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa.

Enel

Market Cap: €96.9b

Operates as an integrated operator in the electricity and gas industries worldwide.

Brookfield

Market Cap: CA$139.1b

A multi-asset manager focused on real estate, credit, renewable power and transition, infrastructure, venture capital, and private equity including growth capital and emerging growth investments.

Trane Technologies

Market Cap: US$99.3b

Designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration.

Quanta Services

Market Cap: US$97.7b

Offers infrastructure solutions for the electric and gas utility, power generation, load center, manufacturing, communications, pipeline, and energy industries.

Duke Energy

Market Cap: US$97.5b

Through its subsidiaries, operates as an energy company in the United States.

Equinor

Market Cap: NOK 878.8b

Operates as an energy company in Norway and internationally.

Waste Management

Market Cap: US$90.1b

Through its subsidiaries, provides environmental solutions to residential, commercial, industrial, and municipal customers in the United States, Canada, Western Europe, and internationally.

Tokio Marine Holdings

Market Cap: JP¥13.9t

Engages in the non-life and life insurance, and financial and general businesses in the Americas, Asia and Oceania, Japan, Middle East and Africa, and the United Kingdom and Europe, and internationally.

KKR

Market Cap: US$85.3b

A private equity and real estate investment firm specializing in direct and fund of fund investments.

Eni

Market Cap: €69.1b

Operates as an integrated energy company in Italy, Other European Union, Rest of Europe, the United States, Asia, Africa, and internationally.

ITOCHU

Market Cap: JP¥12.8t

Trades and imports/exports various products worldwide.

Vinci

Market Cap: €68.0b

Engages in concessions, energy, and construction businesses in France and internationally.

Engie

Market Cap: €66.7b

Engages in renewables and decentralized and low-carbon energy networks in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Marathon Petroleum

Market Cap: US$76.9b

Operates as an integrated downstream energy company in the United States.

Valero Energy

Market Cap: US$76.6b

Manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally.

Mitsubishi Heavy Industries

Market Cap: JP¥11.7t

Manufactures and sells heavy machinery worldwide.

Phillips 66

Market Cap: US$72.9b

Operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally.

Kinder Morgan

Market Cap: US$70.8b

Operates as an energy infrastructure company primarily in North America.

American Electric Power Company

Market Cap: US$69.9b

An electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €58.6b

Engages in the insurance and reinsurance businesses worldwide.

Dominion Energy

Market Cap: US$58.7b

Provides regulated electricity and natural gas services in the United States.

Larsen & Toubro

Market Cap: ₹5.3t

Engages in engineering, procurement, and construction projects (EPC) in India and internationally.

E.ON

Market Cap: €47.8b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Holcim

Market Cap: CHF 39.7b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.