U.S. Energy Transition

Chevron

Market Cap: US$363.8b

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

NextEra Energy

Market Cap: US$195.3b

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

Blackstone

Market Cap: US$159.6b

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

Southern

Market Cap: US$104.5b

Through its subsidiaries, engages in the generation, transmission, and distribution of electricity.

Trane Technologies

Market Cap: US$103.0b

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

Duke Energy

Market Cap: US$99.7b

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

Waste Management

Market Cap: US$94.6b

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

KKR

Market Cap: US$90.7b

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

Quanta Services

Market Cap: US$78.1b

Offers infrastructure solutions for the electric and gas utility, renewable energy, communications, pipeline, and energy industries in the United States, Canada, Australia, and internationally.

Kinder Morgan

Market Cap: US$71.9b

Operates as an energy infrastructure company primarily in North America.

American Electric Power Company

Market Cap: US$69.4b

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.

Phillips 66

Market Cap: US$64.4b

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

Valero Energy

Market Cap: US$61.1b

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.

Marathon Petroleum

Market Cap: US$60.0b

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

Dominion Energy

Market Cap: US$56.8b

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

Xcel Energy

Market Cap: US$48.3b

Through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity in the United States.

WEC Energy Group

Market Cap: US$37.7b

Through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States.

NRG Energy

Market Cap: US$37.0b

Operates as an energy and home services company in the United States and Canada.

EMCOR Group

Market Cap: US$35.8b

Provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom.

Ameren

Market Cap: US$30.7b

Operates as a public utility holding company in the United States.

DTE Energy

Market Cap: US$30.1b

Engages in the energy-related businesses and services.

CMS Energy

Market Cap: US$23.5b

Operates as an energy company primarily in Michigan.

MasTec

Market Cap: US$20.9b

An infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada.

Evergy

Market Cap: US$19.0b

Engages in the generation, transmission, distribution, and sale of electricity in the United States.

WESCO International

Market Cap: US$14.9b

Provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally.

AES

Market Cap: US$11.6b

Operates as a power generation and utility company in the United States and internationally.

HF Sinclair

Market Cap: US$10.8b

Operates as an independent energy company in the United States.

AGCO

Market Cap: US$10.5b

Manufactures and distributes agricultural equipment and replacement parts worldwide.

Primoris Services

Market Cap: US$9.0b

Provides infrastructure services primarily in the United States and Canada.

Littelfuse

Market Cap: US$9.0b

Designs, manufactures, and sells electronic components, modules, and subassemblies.

Ternium

Market Cap: US$8.6b

Manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally.

ESAB

Market Cap: US$8.2b

Engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment.

Clearway Energy

Market Cap: US$8.1b

Operates in the clean energy generation assets business in the United States.

AXIS Capital Holdings

Market Cap: US$7.6b

Through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally.

Fluor

Market Cap: US$7.3b

Provides engineering, procurement, and construction (EPC); fabrication and modularization; and project management services worldwide.

ESCO Technologies

Market Cap: US$7.0b

Provides engineered components and systems for aviation, navy, defense, and industrial customers.