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Public Comps and Valuation Multiples for Oil & Gas

Benchmark revenue and EBITDA valuation multiples for public comps like
Aramco, Exxon Mobil, Chevron, PetroChina and Shell.

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Oil & Gas

Viewing 50 of 453 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Aramco	$1.7T	$1.7T	$431B	4.0x	7.7x
Exxon Mobil	$628B	$661B	$329B	2.0x	9.7x
Chevron	$376B	$410B	$188B	2.2x	9.8x
PetroChina	$307B	$317B	$416B	0.8x	4.7x
Shell	$236B	$281B	$268B	1.0x	5.0x
Reliance Industries	$200B	$214B	$110B	1.9x	10.7x
TotalEnergies	$171B	$202B	$181B	1.1x	5.3x
CNOOC	$170B	$140B	$59B	2.4x	3.8x
ConocoPhillips	$145B	$161B	$60B	2.7x	6.5x
China Shenhua Energy	$126B	$114B	$44B	2.6x	7.6x
China Petroleum	$120B	$173B	$429B	0.4x	6.3x
Enbridge	$118B	$199B	$46B	4.3x	13.5x
Petrobras	$106B	$163B	$89B	1.8x	3.8x
BP	$102B	$138B	$187B	0.7x	3.8x
Williams Companies	$93B	$123B	$12B	10.1x	15.6x
Canadian Natural Resources	$92B	$105B	$29B	3.6x	7.6x
Equinor	$80B	$92B	$104B	0.9x	2.4x
Enterprise Products	$80B	$113B	$52B	2.2x	11.3x
SLB	$77B	$84B	$36B	2.3x	9.8x
Kinder Morgan	$75B	$107B	$17B	6.3x	12.7x
ADNOC Gas	$71B	$68B	$20B	3.4x	8.3x
Eni	$70B	$91B	$97B	0.9x	4.8x
EOG Resources	$69B	$74B	$23B	3.3x	6.1x
Suncor Energy	$69B	$77B	$35B	2.2x	6.9x
TC Energy	$68B	$114B	$11B	10.1x	13.9x
Valero Energy	$66B	$63B	$121B	0.5x	8.3x
Energy Transfer	$65B	$134B	$88B	1.5x	8.2x
Phillips 66	$64B	$83B	$135B	0.6x	9.8x
Baker Hughes	$64B	$66B	$28B	2.4x	13.7x
Marathon Petroleum	$62B	$93B	$135B	0.7x	7.8x
MPLX	$60B	$84B	$13B	6.4x	11.9x
Imperial Oil	$57B	$60B	$35B	1.7x	11.3x
ONEOK	$54B	$87B	$34B	2.6x	10.8x
Cheniere Energy	$54B	$78B	$20B	3.8x	11.1x
Occidental Petroleum	$53B	$83B	$24B	3.4x	6.6x
Targa Resources	$52B	$69B	$18B	3.9x	13.6x
Diamondback Energy	$51B	$66B	$13B	4.9x	6.7x
Cenovus Energy	$43B	$51B	$41B	1.3x	7.0x
Woodside Energy	$40B	$48B	$13B	3.7x	5.3x
EQT Corporation	$38B	$46B	$9B	5.2x	8.0x
ONGC	$38B	$51B	$68B	0.7x	4.3x
Orlen	$38B	$41B	$74B	0.6x	4.1x
Texas Pacific	$37B	$36B	$832M	43.9x	51.7x
PTT	$33B	$51B	$85B	0.6x	4.5x
Halliburton	$30B	$36B	$22B	1.6x	8.6x
Cheniere Energy Partners	$30B	$44B	$11B	4.1x	12.0x
Dian Swastatika Sentosa	$29B	$30B	—	—	—
Inpex	$29B	$32B	$13B	2.5x	3.4x
IndianOil	$28B	$42B	$82B	0.5x	6.0x
Devon Energy	$28B	$35B	$17B	2.1x	4.5x
Venture Global	$28B	$X.XB	$14B	X.Xx	X.Xx
Tenaris	$27B	$X.XB	$12B	X.Xx	X.Xx
TechnipFMC	$27B	$X.XB	$10B	X.Xx	X.Xx
Pembina Pipeline	$26B	$X.XB	$6B	X.Xx	X.Xx
Expand Energy	$26B	$X.XB	$12B	X.Xx	X.Xx
Repsol	$26B	$X.XB	$63B	X.Xx	X.Xx
ENEOS Holdings	$25B	$X.XB	$73B	X.Xx	X.Xx
Ecopetrol	$24B	$X.XB	$30B	X.Xx	X.Xx
Coterra Energy	$24B	$X.XB	$8B	X.Xx	X.Xx
ADNOC Drilling Company	$22B	$X.XB	$5B	X.Xx	X.Xx
OMV	$22B	$X.XB	$29B	X.Xx	X.Xx
Neste	$20B	$X.XB	$22B	X.Xx	X.Xx
Aker BP	$19B	$X.XB	$11B	X.Xx	X.Xx
Tourmaline Oil	$18B	$X.XB	$5B	X.Xx	X.Xx
Bharat Petroleum	$18B	$X.XB	$47B	X.Xx	X.Xx
PTTEP	$18B	$X.XB	$9B	X.Xx	X.Xx
COSCO SHIPPING Energy	$17B	$X.XB	$4B	X.Xx	X.Xx
Galp Energia	$17B	$X.XB	$22B	X.Xx	X.Xx
Santos	$16B	$X.XB	$5B	X.Xx	X.Xx
Western Midstream	$16B	$X.XB	$4B	X.Xx	X.Xx
Formosa Petrochemical	$15B	$X.XB	$20B	X.Xx	X.Xx
Ovintiv	$15B	$X.XB	$9B	X.Xx	X.Xx
Plains All American Pipeline	$15B	$X.XB	$45B	X.Xx	X.Xx
Jereh Group	$15B	$X.XB	$2B	X.Xx	X.Xx
China Merchants Energy	$14B	$X.XB	$4B	X.Xx	X.Xx
DT Midstream	$14B	$X.XB	$1B	X.Xx	X.Xx
Permian Resources	$14B	$X.XB	$5B	X.Xx	X.Xx
OMV Petrom	$14B	$X.XB	$8B	X.Xx	X.Xx
YPF	$14B	$X.XB	$18B	X.Xx	X.Xx
SK Innovation	$13B	$X.XB	$56B	X.Xx	X.Xx
HD Hyundai	$13B	$X.XB	$50B	X.Xx	X.Xx
Edison	$12B	$X.XB	—	X.Xx	X.Xx
Whitecap Resources	$12B	$X.XB	$4B	X.Xx	X.Xx
Sunoco	$12B	$X.XB	$28B	X.Xx	X.Xx
Idemitsu Kosan	$12B	$X.XB	$52B	X.Xx	X.Xx
Centrica	$12B	$X.XB	$30B	X.Xx	X.Xx
Antero Resources	$11B	$X.XB	$5B	X.Xx	X.Xx
APA	$11B	$X.XB	$9B	X.Xx	X.Xx
Antero Midstream	$11B	$X.XB	$1B	X.Xx	X.Xx
AltaGas	$11B	$X.XB	$9B	X.Xx	X.Xx
ARC Resources	$11B	$X.XB	$4B	X.Xx	X.Xx
China Oilfield Services	$10B	$X.XB	$7B	X.Xx	X.Xx
Romgaz	$10B	$X.XB	$2B	X.Xx	X.Xx
PetroVietnam Gas	$10B	$X.XB	$5B	X.Xx	X.Xx
HF Sinclair	$10B	$X.XB	$27B	X.Xx	X.Xx
Range Resources	$10B	$X.XB	$3B	X.Xx	X.Xx
Var Energi	$10B	$X.XB	$8B	X.Xx	X.Xx
Tüpraş	$10B	$X.XB	$20B	X.Xx	X.Xx
Kunlun Energy	$9B	$X.XB	$29B	X.Xx	X.Xx
Keyera	$9B	$X.XB	$5B	X.Xx	X.Xx
Frontline	$9B	$X.XB	$1B	X.Xx	X.Xx
National Fuel Gas	$9B	$X.XB	$2B	X.Xx	X.Xx
MOL Group	$9B	$X.XB	$26B	X.Xx	X.Xx
S-Oil	$9B	$X.XB	$23B	X.Xx	X.Xx
Oil India	$9B	$X.XB	$2B	X.Xx	X.Xx
Gaztransport & Technigaz	$9B	$X.XB	$936M	X.Xx	X.Xx
PRIO	$8B	$X.XB	$3B	X.Xx	X.Xx
Subsea 7	$8B	$X.XB	$7B	X.Xx	X.Xx
Viper Energy	$8B	$X.XB	$1B	X.Xx	X.Xx
Quinenco	$8B	$X.XB	$10M	X.Xx	X.Xx
Sinopec Oilfield Service	$8B	$X.XB	$13B	X.Xx	X.Xx
Saipem	$8B	$X.XB	$18B	X.Xx	X.Xx
Nakilat	$8B	$X.XB	$1B	X.Xx	X.Xx
NewMed Energy	$7B	$X.XB	$904M	X.Xx	X.Xx
Weatherford	$7B	$X.XB	$5B	X.Xx	X.Xx
Noble Corp	$7B	$X.XB	$3B	X.Xx	X.Xx
Capital Power	$7B	$X.XB	$3B	X.Xx	X.Xx
Technip Energies	$7B	$X.XB	$9B	X.Xx	X.Xx
Transocean	$7B	$X.XB	$4B	X.Xx	X.Xx
South Bow	$7B	$X.XB	$2B	X.Xx	X.Xx
Matador Resources	$7B	$X.XB	$4B	X.Xx	X.Xx
Valaris	$7B	$X.XB	$2B	X.Xx	X.Xx
Chord Energy	$6B	$X.XB	$5B	X.Xx	X.Xx
CNOOC Energy Technology	$6B	$X.XB	$8B	X.Xx	X.Xx
SBM Offshore	$6B	$X.XB	$5B	X.Xx	X.Xx
Delek Group	$6B	$X.XB	—	X.Xx	X.Xx
Seatrium	$6B	$X.XB	$9B	X.Xx	X.Xx
Vista Energy	$6B	$X.XB	$3B	X.Xx	X.Xx
Royal Vopak	$6B	$X.XB	$2B	X.Xx	X.Xx
CNX Resources	$6B	$X.XB	$2B	X.Xx	X.Xx
Binh Son Refining	$6B	$X.XB	$5B	X.Xx	X.Xx
Comstock Resources	$6B	$X.XB	$2B	X.Xx	X.Xx
DCC	$6B	$X.XB	$21B	X.Xx	X.Xx
Modec	$6B	$X.XB	$5B	X.Xx	X.Xx
INA-Industrija Nafte	$6B	$X.XB	—	X.Xx	X.Xx
SM Energy	$6B	$X.XB	$4B	X.Xx	X.Xx
Yancoal Australia	$6B	$X.XB	$4B	X.Xx	X.Xx
Harbour Energy	$6B	$X.XB	$10B	X.Xx	X.Xx
MyMesra	$6B	$X.XB	$10B	X.Xx	X.Xx
California Resources	$5B	$X.XB	$4B	X.Xx	X.Xx
PrairieSky Royalty	$5B	$X.XB	$354M	X.Xx	X.Xx
Shaanxi Energy Investment	$5B	$X.XB	$4B	X.Xx	X.Xx
ADES Holding	$5B	$X.XB	$2B	X.Xx	X.Xx
Grupo Ultra	$5B	$X.XB	$27B	X.Xx	X.Xx
Ithaca Energy	$5B	$X.XB	$3B	X.Xx	X.Xx
Cosmo Energy Holdings	$5B	$X.XB	$17B	X.Xx	X.Xx
Magnolia Oil & Gas	$5B	$X.XB	$1B	X.Xx	X.Xx
Guanghui Energy	$5B	$X.XB	$5B	X.Xx	X.Xx
Hess Midstream	$5B	$X.XB	$2B	X.Xx	X.Xx
Murphy Oil	$5B	$X.XB	$3B	X.Xx	X.Xx
Icahn Enterprises	$5B	$X.XB	$9B	X.Xx	X.Xx
Kodiak Gas Services	$5B	$X.XB	$1B	X.Xx	X.Xx
Ampol	$5B	$X.XB	$22B	X.Xx	X.Xx
Strathcona Resources	$5B	$X.XB	$3B	X.Xx	X.Xx
PTT Oil and Retail	$5B	$X.XB	$21B	X.Xx	X.Xx
Motor Oil (Hellas)	$5B	$X.XB	$14B	X.Xx	X.Xx
Golar LNG	$5B	$X.XB	$395M	X.Xx	X.Xx
Cosan	$5B	$X.XB	$29B	X.Xx	X.Xx
Plains GP Holdings	$5B	$X.XB	$46B	X.Xx	X.Xx
Luberef	$5B	$X.XB	$2B	X.Xx	X.Xx
Liberty Energy	$5B	$X.XB	$4B	X.Xx	X.Xx
PBF Energy	$5B	$X.XB	$29B	X.Xx	X.Xx
Whitehaven Coal	$5B	$X.XB	$4B	X.Xx	X.Xx
Woqod	$5B	$X.XB	$7B	X.Xx	X.Xx
Navitas Petroleum	$5B	$X.XB	—	X.Xx	X.Xx
Transportadora de Gas del Sur	$4B	$X.XB	$1B	X.Xx	X.Xx
Petro Rabigh	$4B	$X.XB	$9B	X.Xx	X.Xx
COOEC	$4B	$X.XB	$5B	X.Xx	X.Xx
Jiangxi Jovo Energy	$4B	$X.XB	$3B	X.Xx	X.Xx
Shanghai Petrochemical	$4B	$X.XB	$11B	X.Xx	X.Xx
Rubis	$4B	$X.XB	$8B	X.Xx	X.Xx
Warrior Met Coal	$4B	$X.XB	$1B	X.Xx	X.Xx
Worley	$4B	$X.XB	$8B	X.Xx	X.Xx
Scorpio Tankers	$4B	$X.XB	$903M	X.Xx	X.Xx
USA Compression	$4B	$X.XB	$1B	X.Xx	X.Xx
Tidewater	$4B	$X.XB	$1B	X.Xx	X.Xx
OGDC	$4B	$X.XB	$1B	X.Xx	X.Xx
Crescent Energy	$4B	$X.XB	$4B	X.Xx	X.Xx
Peyto	$4B	$X.XB	$947M	X.Xx	X.Xx
Gulfport Energy	$4B	$X.XB	$1B	X.Xx	X.Xx
Mangalore Refinery	$4B	$X.XB	$10B	X.Xx	X.Xx
International Seaways	$4B	$X.XB	$835M	X.Xx	X.Xx
Gibson Energy	$4B	$X.XB	$8B	X.Xx	X.Xx
Thaioil	$4B	$X.XB	$13B	X.Xx	X.Xx
Tamarack Valley Energy	$4B	$X.XB	$1B	X.Xx	X.Xx
CIMC Enric	$4B	$X.XB	$4B	X.Xx	X.Xx
NMDC Energy	$4B	$X.XB	$5B	X.Xx	X.Xx
Topaz Energy	$4B	$X.XB	$252M	X.Xx	X.Xx
Helmerich & Payne	$4B	$X.XB	$4B	X.Xx	X.Xx
Oceaneering	$4B	$X.XB	$3B	X.Xx	X.Xx
Guangzhou Development Group	$4B	$X.XB	$7B	X.Xx	X.Xx
Alliance Res Partners	$3B	$X.XB	$2B	X.Xx	X.Xx
Patterson-UTI	$3B	$X.XB	$5B	X.Xx	X.Xx
Black Stone Minerals	$3B	$X.XB	$463M	X.Xx	X.Xx
BKV Corporation	$3B	$X.XB	$1B	X.Xx	X.Xx
Athabasca Oil	$3B	$X.XB	$949M	X.Xx	X.Xx
DHT Holdings	$3B	$X.XB	$406M	X.Xx	X.Xx
HELLENiQ ENERGY	$3B	$X.XB	$14B	X.Xx	X.Xx
Teekay Tankers	$3B	$X.XB	$540M	X.Xx	X.Xx
Exxaro Resources	$3B	$X.XB	$2B	X.Xx	X.Xx
Baytex Energy	$3B	$X.XB	$2B	X.Xx	X.Xx
Kinetik Holdings	$3B	$X.XB	$2B	X.Xx	X.Xx
MedcoEnergi	$3B	$X.XB	$2B	X.Xx	X.Xx
Paramount Resources	$3B	$X.XB	$546M	X.Xx	X.Xx
Aegis Vopak Terminals	$3B	$X.XB	$88M	X.Xx	X.Xx
New Hope Corp	$3B	$X.XB	$1B	X.Xx	X.Xx
Aegis Logistics	$3B	$X.XB	$830M	X.Xx	X.Xx
Delek Logistics	$3B	$X.XB	$1B	X.Xx	X.Xx
Northern Oil & Gas	$3B	$X.XB	$2B	X.Xx	X.Xx
Seadrill	$3B	$X.XB	$1B	X.Xx	X.Xx
Paz Retail And Energy	$3B	$X.XB	—	X.Xx	X.Xx
NuVista Energy	$3B	$X.XB	—	X.Xx	X.Xx
International Petroleum Corp	$3B	$X.XB	$691M	X.Xx	X.Xx
Odfjell Drilling	$3B	$X.XB	—	X.Xx	X.Xx
Petrol Group	$3B	$X.XB	$7B	X.Xx	X.Xx
Petrolimex	$3B	$X.XB	$11B	X.Xx	X.Xx
CVR Energy	$3B	$X.XB	$7B	X.Xx	X.Xx
Delek US Holdings	$2B	$X.XB	$11B	X.Xx	X.Xx
Solaris Energy	$2B	$X.XB	$658M	X.Xx	X.Xx
Nanjing Tanker	$2B	$X.XB	$841M	X.Xx	X.Xx
TerraVest Industries	$2B	$X.XB	$1B	X.Xx	X.Xx
Calumet	$2B	$X.XB	$4B	X.Xx	X.Xx
Civitas Resources	$2B	$X.XB	$5B	X.Xx	X.Xx
Par Pacific Holdings	$2B	$X.XB	$7B	X.Xx	X.Xx
Arabian Drilling	$2B	$X.XB	$931M	X.Xx	X.Xx
Headwater Exploration	$2B	$X.XB	$430M	X.Xx	X.Xx
Energean	$2B	$X.XB	$2B	X.Xx	X.Xx
National Energy Services	$2B	$X.XB	$1B	X.Xx	X.Xx
Genesis Energy	$2B	$X.XB	$2B	X.Xx	X.Xx
Maurel & Prom	$2B	$X.XB	$610M	X.Xx	X.Xx
Mach Natural Resources	$2B	$X.XB	$1B	X.Xx	X.Xx
Talos Energy	$2B	$X.XB	$2B	X.Xx	X.Xx
Alpha Metallurgical	$2B	$X.XB	$2B	X.Xx	X.Xx
Viva Energy Australia	$2B	$X.XB	$20B	X.Xx	X.Xx
LandBridge	$2B	$X.XB	$207M	X.Xx	X.Xx
Aker Solutions	$2B	$X.XB	$6B	X.Xx	X.Xx
Sable Offshore	$2B	$X.XB	$102M	X.Xx	X.Xx
Expro	$2B	$X.XB	$2B	X.Xx	X.Xx
Aksa Enerji	$2B	$X.XB	$981M	X.Xx	X.Xx
Borr Drilling	$2B	$X.XB	$1B	X.Xx	X.Xx
Equital	$2B	$X.XB	—	X.Xx	X.Xx
Beach Energy	$2B	$X.XB	$1B	X.Xx	X.Xx
Innovex International	$2B	$X.XB	$982M	X.Xx	X.Xx
Isramco Negev 2	$2B	$X.XB	—	X.Xx	X.Xx
Stanmore Resources	$2B	$X.XB	$2B	X.Xx	X.Xx
Dana Gas	$2B	$X.XB	$382M	X.Xx	X.Xx
Yinson	$2B	$X.XB	$1B	X.Xx	X.Xx
Banpu	$2B	$X.XB	$6B	X.Xx	X.Xx
National Gas	$2B	$X.XB	—	X.Xx	X.Xx
Vermilion Energy	$2B	$X.XB	$1B	X.Xx	X.Xx
Bangchak Corporation	$2B	$X.XB	$16B	X.Xx	X.Xx
DNO	$2B	$X.XB	$2B	X.Xx	X.Xx
Brava Energia	$2B	$X.XB	$2B	X.Xx	X.Xx
Fluxys Belgium	$2B	$X.XB	$718M	X.Xx	X.Xx
Select Water	$2B	$X.XB	$1B	X.Xx	X.Xx
Dorian LPG	$2B	$X.XB	$443M	X.Xx	X.Xx
Ratio Energies	$2B	$X.XB	—	X.Xx	X.Xx
Afriquia Gaz	$2B	$X.XB	$980M	X.Xx	X.Xx
Natural Resources	$2B	$X.XB	—	X.Xx	X.Xx
Global Partners	$2B	$X.XB	$21B	X.Xx	X.Xx
NGL Energy Partners	$2B	$X.XB	$3B	X.Xx	X.Xx
ProPetro Holding	$2B	$X.XB	$1B	X.Xx	X.Xx
NextDecade	$1B	$X.XB	—	X.Xx	X.Xx
Genesis Energy New Zealand	$1B	$X.XB	$2B	X.Xx	X.Xx
SK Gas	$1B	$X.XB	$5B	X.Xx	X.Xx
BlueNord	$1B	$X.XB	$995M	X.Xx	X.Xx
Sinopec Kantons Holdings	$1B	$X.XB	—	X.Xx	X.Xx
Navigator Gas	$1B	$X.XB	$547M	X.Xx	X.Xx
Helix Energy Solutions	$1B	$X.XB	$1B	X.Xx	X.Xx
Birchcliff Energy	$1B	$X.XB	$536M	X.Xx	X.Xx
Fugro	$1B	$X.XB	$2B	X.Xx	X.Xx
Serica Energy	$1B	$X.XB	$677M	X.Xx	X.Xx
Kimbell Royalty Partners	$1B	$X.XB	$331M	X.Xx	X.Xx
Bristow Group	$1B	$X.XB	$2B	X.Xx	X.Xx
Suburban Propane	$1B	$X.XB	$1B	X.Xx	X.Xx
RPC Inc.	$1B	$X.XB	$2B	X.Xx	X.Xx
Excelerate Energy	$1B	$X.XB	$1B	X.Xx	X.Xx
World Kinect	$1B	$X.XB	$37B	X.Xx	X.Xx
Dorchester Minerals	$1B	$X.XB	—	X.Xx	X.Xx
Nordic American Tankers	$1B	$X.XB	$200M	X.Xx	X.Xx
Advantage Energy	$1B	$X.XB	$539M	X.Xx	X.Xx
Atlas Energy Solutions	$1B	$X.XB	$1B	X.Xx	X.Xx
Tetra Technologies	$1B	$X.XB	$633M	X.Xx	X.Xx
NPK International	$1B	$X.XB	$284M	X.Xx	X.Xx
Transportadora de Gas del Norte	$1B	$X.XB	—	X.Xx	X.Xx
Kosmos Energy	$1B	$X.XB	$1B	X.Xx	X.Xx
WaterBridge Infrastructure	$1B	$X.XB	$794M	X.Xx	X.Xx
NIS	$1B	$X.XB	—	X.Xx	X.Xx
Nabors Industries	$1B	$X.XB	$3B	X.Xx	X.Xx
Tsakos Energy Navigation	$1B	$X.XB	$670M	X.Xx	X.Xx
Teekay	$1B	$X.XB	$950M	X.Xx	X.Xx
Diversified Energy	$1B	$X.XB	$2B	X.Xx	X.Xx
Lipigas	$1B	$X.XB	—	X.Xx	X.Xx
Hunting	$1B	$X.XB	$1B	X.Xx	X.Xx
Oil Refineries	$1B	$X.XB	—	X.Xx	X.Xx
Ramaco Resources	$1B	$X.XB	$557M	X.Xx	X.Xx
BW Offshore	$999M	$X.XB	—	X.Xx	X.Xx
Tamar Petroleum	$984M	$X.XB	—	X.Xx	X.Xx
Viridien	$969M	$X.XB	$1B	X.Xx	X.Xx
Exmar	$930M	$X.XB	—	X.Xx	X.Xx
JANAF	$907M	$X.XB	—	X.Xx	X.Xx
ProFrac	$904M	$X.XB	$2B	X.Xx	X.Xx
Karoon Energy	$897M	$X.XB	$614M	X.Xx	X.Xx
Hallador Energy	$891M	$X.XB	$470M	X.Xx	X.Xx
Rockhopper Exploration	$848M	$X.XB	—	X.Xx	X.Xx
Paratus	$820M	$X.XB	—	X.Xx	X.Xx
Core Laboratories	$805M	$X.XB	$527M	X.Xx	X.Xx
Oil States International	$781M	$X.XB	$672M	X.Xx	X.Xx
2G Energy	$781M	$X.XB	$467M	X.Xx	X.Xx
CrossAmerica Partners	$769M	$X.XB	$4B	X.Xx	X.Xx
Vitesse Energy	$756M	$X.XB	$270M	X.Xx	X.Xx
Greenfire Resources	$749M	$X.XB	$446M	X.Xx	X.Xx
Next Geo	$722M	$X.XB	$324M	X.Xx	X.Xx
TXO Partners	$702M	$X.XB	$408M	X.Xx	X.Xx
Flowco Holdings	$698M	$X.XB	$784M	X.Xx	X.Xx
PetroRecôncavo	$686M	$X.XB	$585M	X.Xx	X.Xx
Forum Energy Technologies	$685M	$X.XB	$799M	X.Xx	X.Xx
Granite Ridge Resources	$673M	$X.XB	$459M	X.Xx	X.Xx
HighPeak Energy	$671M	$X.XB	$838M	X.Xx	X.Xx
Schoeller-Bleckmann	$653M	$X.XB	$534M	X.Xx	X.Xx
SandRidge Energy	$647M	$X.XB	$156M	X.Xx	X.Xx
Gulf Keystone Petroleum	$568M	$X.XB	—	X.Xx	X.Xx
Amplitude Energy	$566M	$X.XB	$199M	X.Xx	X.Xx
VAALCO Energy	$543M	$X.XB	$387M	X.Xx	X.Xx
Terpel	$535M	$X.XB	—	X.Xx	X.Xx
SunCoke Energy	$516M	$X.XB	$2B	X.Xx	X.Xx
CoolCo	$509M	$X.XB	$312M	X.Xx	X.Xx
Clean Energy Fuels	$501M	$X.XB	$425M	X.Xx	X.Xx
Natural Gas Services Group	$487M	$X.XB	$175M	X.Xx	X.Xx
Capex	$478M	$X.XB	—	X.Xx	X.Xx
Ashtead Technology	$457M	$X.XB	$275M	X.Xx	X.Xx
W&T Offshore	$446M	$X.XB	$508M	X.Xx	X.Xx
EnQuest	$440M	$X.XB	$1B	X.Xx	X.Xx
GeoPark	$439M	$X.XB	$491M	X.Xx	X.Xx
Sea1 Offshore	$434M	$X.XB	—	X.Xx	X.Xx
Deutsche Rohstoff	$432M	$X.XB	$217M	X.Xx	X.Xx
NACCO Industries	$428M	$X.XB	$277M	X.Xx	X.Xx
Star Group	$422M	$X.XB	—	X.Xx	X.Xx
Ranger Energy Services	$416M	$X.XB	$570M	X.Xx	X.Xx
Rompetrol Rafinare	$414M	$X.XB	—	X.Xx	X.Xx
Akastor	$392M	$X.XB	—	X.Xx	X.Xx
KNOT Offshore Partners	$376M	$X.XB	$367M	X.Xx	X.Xx
Summit Midstream	$365M	$X.XB	$571M	X.Xx	X.Xx
Gas Plus	$344M	$X.XB	—	X.Xx	X.Xx
PrimeEnergy Resources	$337M	$X.XB	$178M	X.Xx	X.Xx
Okea	$322M	$X.XB	$801M	X.Xx	X.Xx
New Fortress Energy	$313M	$X.XB	$2B	X.Xx	X.Xx
American Resources	$311M	$X.XB	$8M	X.Xx	X.Xx
Moreld	$299M	$X.XB	$1B	X.Xx	X.Xx
Horizon Oil	$291M	$X.XB	$105M	X.Xx	X.Xx
Kistos Holdings	$282M	$X.XB	$274M	X.Xx	X.Xx
Ventura Offshore	$274M	$X.XB	—	X.Xx	X.Xx
Archer	$269M	$X.XB	—	X.Xx	X.Xx
Savannah Energy	$265M	$X.XB	$266M	X.Xx	X.Xx
Infinity Natural Resources	$259M	$X.XB	$393M	X.Xx	X.Xx
Strike Energy	$252M	$X.XB	$47M	X.Xx	X.Xx
Berry Corp	$252M	$X.XB	$625M	X.Xx	X.Xx
Tullow Oil	$252M	$X.XB	$839M	X.Xx	X.Xx
HMS Bergbau	$243M	$X.XB	$2B	X.Xx	X.Xx
Beetaloo Energy Australia	$240M	$X.XB	$4M	X.Xx	X.Xx
Amplify Energy	$239M	$X.XB	$260M	X.Xx	X.Xx
Wood	$239M	$X.XB	$6B	X.Xx	X.Xx
Capricorn Energy	$239M	$X.XB	$133M	X.Xx	X.Xx
A.b.p. Nocivelli	$239M	$X.XB	$119M	X.Xx	X.Xx
Gran Tierra Energy	$230M	$X.XB	$601M	X.Xx	X.Xx
Reach Subsea	$228M	$X.XB	$279M	X.Xx	X.Xx
Vivo Energy Mauritius	$224M	$X.XB	—	X.Xx	X.Xx
La Francaise de l'Energie	$219M	$X.XB	$40M	X.Xx	X.Xx
Maha Capital	$218M	$X.XB	—	X.Xx	X.Xx
Makpetrol	$217M	$X.XB	—	X.Xx	X.Xx
Deep Value Driller	$200M	$X.XB	$54M	X.Xx	X.Xx
Pulsar Helium	$199M	$X.XB	—	X.Xx	X.Xx
OMS Energy Technologies	$198M	$X.XB	$204M	X.Xx	X.Xx
Omega Oil & Gas	$190M	$X.XB	$627K	X.Xx	X.Xx
KN Energies	$188M	$X.XB	—	X.Xx	X.Xx
LW Bogdanka	$184M	$X.XB	$786M	X.Xx	X.Xx
Afentra	$181M	$X.XB	$127M	X.Xx	X.Xx
Daldrup & Söhne	$178M	$X.XB	—	X.Xx	X.Xx
NorAm Drilling	$176M	$X.XB	$100M	X.Xx	X.Xx
Smart Sand	$167M	$X.XB	$330M	X.Xx	X.Xx
Jadestone Energy	$167M	$X.XB	$411M	X.Xx	X.Xx
Kolibri Global Energy	$162M	$X.XB	$60M	X.Xx	X.Xx
Conpet	$161M	$X.XB	—	X.Xx	X.Xx
AleAnna	$156M	$X.XB	—	X.Xx	X.Xx
Epsilon Energy	$153M	$X.XB	—	X.Xx	X.Xx
Pantheon Resources	$153M	$X.XB	—	X.Xx	X.Xx
Imperial Ptrl	$150M	$X.XB	$175M	X.Xx	X.Xx
Dynagas LNG Partners	$146M	$X.XB	—	X.Xx	X.Xx
Drilling Tools	$131M	$X.XB	$160M	X.Xx	X.Xx
Geospace Technologies	$129M	$X.XB	—	X.Xx	X.Xx
Mammoth Energy Services	$126M	$X.XB	$44M	X.Xx	X.Xx
Prosafe	$118M	$X.XB	$167M	X.Xx	X.Xx
Petrolina	$118M	$X.XB	—	X.Xx	X.Xx
Comet Ridge	$113M	$X.XB	$0K	X.Xx	X.Xx
Martin Midstream Partners	$112M	$X.XB	$716M	X.Xx	X.Xx
Echelon Resources	$110M	$X.XB	—	X.Xx	X.Xx
Stabilis Solutions	$110M	$X.XB	$67M	X.Xx	X.Xx
Eidesvik Offshore	$108M	$X.XB	—	X.Xx	X.Xx
Docks Pétroliers d'Ambès	$106M	$X.XB	—	X.Xx	X.Xx
Bathurst Resources	$104M	$X.XB	$18M	X.Xx	X.Xx
NCS Multistage Holdings	$103M	$X.XB	$185M	X.Xx	X.Xx
S.D. Standard ETC	$101M	$X.XB	—	X.Xx	X.Xx
Energy World Corp	$95M	$X.XB	—	X.Xx	X.Xx
NWF Group	$92M	$X.XB	$1B	X.Xx	X.Xx
Bumech	$91M	$X.XB	—	X.Xx	X.Xx
Hunter Group	$84M	$X.XB	—	X.Xx	X.Xx
QPM Energy	$83M	$X.XB	$70M	X.Xx	X.Xx
Oil Terminal	$79M	$X.XB	—	X.Xx	X.Xx
Leishen Energy Holding	$78M	$X.XB	—	X.Xx	X.Xx
Elinoil Hellenic	$62M	$X.XB	—	X.Xx	X.Xx
Invictus Energy	$61M	$X.XB	—	X.Xx	X.Xx
Kinetiko Energy	$57M	$X.XB	—	X.Xx	X.Xx
PTL Limited	$54M	$X.XB	—	X.Xx	X.Xx
KLX Energy Services	$52M	$X.XB	$639M	X.Xx	X.Xx
Recon Technology	$52M	$X.XB	$9M	X.Xx	X.Xx
XCF Global	$49M	$X.XB	—	X.Xx	X.Xx
Dolphin Drilling	$44M	$X.XB	$182M	X.Xx	X.Xx
Awilco LNG	$44M	$X.XB	—	X.Xx	X.Xx
Revoil	$44M	$X.XB	—	X.Xx	X.Xx
Pyxis Tankers	$43M	$X.XB	$39M	X.Xx	X.Xx
Uni-Fuels	$37M	$X.XB	—	X.Xx	X.Xx
Rompetrol Well Services	$37M	$X.XB	—	X.Xx	X.Xx
Onico	$34M	$X.XB	—	X.Xx	X.Xx
Petrolia	$30M	$X.XB	—	X.Xx	X.Xx
JT Group Oil	$29M	$X.XB	—	X.Xx	X.Xx
Robit	$26M	$X.XB	$94M	X.Xx	X.Xx
Toplivo	$26M	$X.XB	—	X.Xx	X.Xx
Oil and Gas Exploration and Production	$22M	$X.XB	—	X.Xx	X.Xx
Delixy Holdings	$16M	$X.XB	—	X.Xx	X.Xx
Igrene	$15M	$X.XB	—	X.Xx	X.Xx
TMD Energy	$14M	$X.XB	—	X.Xx	X.Xx
Petrol	$13M	$X.XB	—	X.Xx	X.Xx
Acceleware	$11M	$X.XB	—	X.Xx	X.Xx
Vivakor	$9M	$X.XB	—	X.Xx	X.Xx
Nostrum Oil & Gas	$8M	$X.XB	$118M	X.Xx	X.Xx
Robin Energy	$7M	$X.XB	—	X.Xx	X.Xx
InterOil Exploration	$6M	$X.XB	—	X.Xx	X.Xx
ElectroMagnetic Services	$5M	$X.XB	—	X.Xx	X.Xx
Ecoslops	$5M	$X.XB	—	X.Xx	X.Xx
Indus Gas	$3M	$X.XB	—	X.Xx	X.Xx
Australian Pacific Coal	$3M	$X.XB	—	X.Xx	X.Xx
Dolfines	$3M	$X.XB	$9M	X.Xx	X.Xx
Clean & Carbon Energy	$2M	$X.XB	—	X.Xx	X.Xx
Atlantic Petroleum	$2M	$X.XB	—	X.Xx	X.Xx
Uztel	$2M	$X.XB	—	X.Xx	X.Xx
Condmag	$1M	$X.XB	—	X.Xx	X.Xx
OSX Brasil	$1M	$X.XB	—	X.Xx	X.Xx
Nine Energy Service	$633K	$X.XB	—	X.Xx	X.Xx
Shelf Drilling (North Sea)	—	$X.XB	—	X.Xx	X.Xx
North Atlantic Energies	—	$X.XB	—	X.Xx	X.Xx
Shelf Drilling	—	$X.XB	—	X.Xx	X.Xx
Vital Energy	—	$X.XB	—	X.Xx	X.Xx
Rosneft Oil	—	$X.XB	—	X.Xx	X.Xx