XOM
ExxonMobil Holdings
$696.20Bn
170.67
+0.52%
+43.67%
ExxonMobil operates across the full oil and gas value chain, combining upstream exploration and production with downstream refining and marketing. The company explicitly manages segments for Upstream (hydrocarbon extraction) and Energy Products (refining and supply of gasoline, diesel, and jet fuel).
SHEL
Shell
$563.81Bn
99.09
+0.53%
+30.52%
Shell is explicitly described as a global integrated energy company that operates across the full value chain, including exploration, production, refining, marketing, and trading. It manages distinct Upstream, Downstream, and Integrated Gas segments, which is the defining characteristic of an integrated oil and gas major.
CVX
Chevron
$432.14Bn
219.87
+1.61%
+41.32%
Chevron operates across the full oil and gas value chain, combining upstream exploration and production with downstream refining and marketing. The profile explicitly describes its integrated operations across Upstream, Downstream, and Chemicals segments, competing with other integrated majors like ExxonMobil and Shell.
TTE
TotalEnergies SE
$200.31Bn
90.78
+1.38%
+39.86%
TotalEnergies SE explicitly operates an integrated business model that links upstream, midstream, and downstream activities. The company generates revenue from the full value chain, including the sale of fuels, lubricants, and petrochemical products.
E
Eni Spa
$181.16Bn
57.57
+1.52%
+51.18%
Eni SpA is explicitly described as an integrated energy company that operates across the full value chain, including exploration and production of hydrocarbons, refining crude oil, and marketing fuels and chemicals. It competes directly with other integrated majors like ExxonMobil and Shell.
NEE
2nd
Nextera Energy
$178.56Bn
85.15
-0.20%
+1.38%
The NEER segment explicitly engages in natural gas and oil production, generating revenue from the production of these hydrocarbons.
COP
Conocophillips
$168.32Bn
142.36
+1.61%
+59.20%
ConocoPhillips is described as an independent exploration and production company that generates revenue primarily by finding, producing, and selling crude oil, natural gas, natural gas liquids, and bitumen. Its operations across segments like Alaska, Lower 48, and Canada focus on extracting hydrocarbons from unconventional shale plays and conventional fields.
BP
Bp
$138.54Bn
45.71
-0.22%
+25.27%
Bp is explicitly described as an integrated energy company operating across the full value chain, including upstream extraction of crude oil and natural gas, downstream refining into gasoline and diesel, and marketing to retail and wholesale customers.
PBR
Petrobras - Petroleo Brasileiro
$118.19Bn
18.34
+1.33%
+40.75%
Petrobras is an integrated energy company operating across the full hydrocarbon value chain, including exploration and production, refining, transportation, and marketing. It generates revenue from crude oil and gas production as well as the sale of refined products like gasoline, diesel, and jet fuel.
EQNR
Equinor Asa
$107.41Bn
42.96
+0.49%
+76.07%
Equinor is described as an integrated energy company that operates across the full value chain, including exploration, development, production, transportation, refining, and marketing of petroleum products. It generates revenue from crude oil and natural gas production as well as the transportation and processing of hydrocarbons.
CNQ
Canadian Natural Resources
$103.54Bn
49.74
+1.26%
+52.81%
Canadian Natural is a senior independent energy company whose primary revenue comes from the exploration, development, and production of crude oil, natural gas, and natural gas liquids. Its operations span conventional resources, oil sands mining, and offshore assets in Canada, the North Sea, and Africa.
PSX
Phillips 66
$103.32Bn
264.88
+0.73%
+89.88%
Phillips 66 operates across the full downstream value chain, combining midstream transportation and storage, refining of crude oil into gasoline and diesel, and marketing of refined products. The profile explicitly describes it as an integrated downstream energy provider that links midstream logistics, refining, chemicals, and marketing.
SU
Suncor Energy
$83.45Bn
69.92
+0.88%
+60.29%
Suncor is explicitly described as an integrated energy company operating across the full value chain, including oil sands exploration and production, upgrading bitumen to synthetic crude oil, refining, and marketing fuels through its Petro Canada network.
EOG
Eog Resources
$82.09Bn
158.33
+1.74%
+44.94%
EOG Resources is an independent exploration and production company that generates its primary revenue from the sale of crude oil, condensate, natural gas liquids, and natural gas produced from its operated properties.
ET
2nd
Energy Transfer
$66.89Bn
19.42
+0.10%
+16.78%
The 'All Other Segment' specifically includes revenue generated from oil and gas royalty earnings.
IMO
Imperial Oil
$60.77Bn
128.75
+1.00%
+33.93%
Imperial Oil is explicitly described as one of Canada's largest integrated oil companies, operating across the full value chain including exploration, production, refining, distribution, and marketing. It generates revenue from upstream production of crude and gas, downstream refining and marketing under Esso and Mobil brands, and a dedicated Chemical segment.
OXY
Occidental Petroleum
$58.75Bn
58.76
+0.60%
+39.84%
Occidental Petroleum is an integrated energy company that operates across the full value chain, combining upstream exploration and production in the Permian Basin with midstream gathering and transportation, and downstream chemical manufacturing via OxyChem.
CVE
Cenovus Energy
$54.75Bn
29.07
+0.59%
+63.04%
Cenovus Energy is explicitly described as an integrated energy company that operates across the full value chain, combining upstream exploration and production (Oil Sands, Conventional, and Offshore segments) with downstream refining and marketing (Canadian and U.S. Refining segments). It generates revenue from the sale of crude oil, natural gas, and refined petroleum products like gasoline and diesel.
DVN
Devon Energy
$53.10Bn
46.59
+0.78%
+32.96%
Devon Energy is an independent exploration and production company that generates revenue primarily from the sale of oil, natural gas, and natural gas liquids produced from its onshore U.S. properties in the Delaware Basin, Rockies, Eagle Ford, and Anadarko Basin.
FANG
Diamondback Energy
$51.64Bn
184.93
+1.50%
+28.09%
Diamondback Energy is an independent oil and natural gas company that focuses on the exploration, development, and production of hydrocarbons in the Permian Basin. Its primary revenue is generated from the sale of oil, natural gas, and natural gas liquids produced from its operated wells.
FNV
2nd
Franco Nevada
$47.61Bn
246.96
-0.32%
+25.33%
The company has a dedicated Energy segment that holds working interests and royalty arrangements in oil, natural gas, and natural gas liquids properties, receiving revenue from hydrocarbon production without operating the wells.
WDS
Woodside Energy
$40.08Bn
21.08
-0.71%
+23.27%
Woodside operates an integrated business model spanning the value chain from reservoir to customer, combining upstream exploration and production with the processing and marketing of LNG and crude oil. The company manages the full cycle from identifying hydrocarbon reserves to selling the final products to global utilities and industrial users.
EQT
Eqt
$33.04Bn
52.82
+0.86%
-12.33%
EQT is described as a vertically integrated natural gas company that operates across the full value chain, including upstream exploration and production, midstream gathering and transmission, and marketing to end users. It manages its own reserves, operates gathering and transmission pipelines, and sells the resulting natural gas and NGLs.
EXE
Expand Energy
$20.45Bn
88.53
+0.83%
-24.95%
Expand Energy is a leading independent natural gas producer that focuses on the acquisition of leasehold interests, drilling horizontal wells, and the production of natural gas, oil, and natural gas liquids. Its primary revenue is derived from the sale of these hydrocarbons extracted from its owned properties in the Haynesville, Bossier, Marcellus, and Utica shales.
TPL
2nd
Texas Pacific Land
$20.13Bn
291.79
+3.79%
-11.49%
The company holds approximately 224,000 net royalty acres and generates a primary portion of its revenue from oil and gas royalties without funding the drilling or operations of the wells.
PR
Permian Resources
$19.34Bn
23.06
+1.23%
+73.25%
Permian Resources is an independent exploration and production company that generates revenue from the sale of crude oil, natural gas liquids, and natural gas produced from its own wells in the Permian Basin. The profile explicitly describes its core business as the acquisition, optimization, and development of oil and natural gas properties.
OVV
Ovintiv
$17.67Bn
65.39
+0.76%
+68.49%
Ovintiv is primarily engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids from basins like the Permian and Montney. The majority of its revenue, $5,439 million, comes from the sale of these produced hydrocarbons.
APA
Apa
$16.26Bn
48.44
+1.64%
+96.19%
APA Corporation is an independent energy company that explores for, develops, and produces crude oil, natural gas, and natural gas liquids. Its revenue is generated primarily from the sale of these produced hydrocarbons to entities like the Egyptian General Petroleum Corporation (EGPC), refiners, and integrated oil companies.
VNOM
Viper Energy
$15.31Bn
42.34
+3.57%
+14.00%
Viper Energy focuses exclusively on owning and acquiring mineral and royalty interests, generating revenue from royalty income and lease bonus payments without funding drilling or operations. The profile explicitly states it earns income from production on its interests and lease bonuses from third-party operators like Diamondback Energy.
YPF
Ypf Sociedad Anonima
$14.90Bn
37.89
+1.85%
+1.75%
YPF operates a fully integrated oil and gas chain, combining upstream exploration and production in Vaca Muerta with midstream transportation and downstream refining and marketing. Its revenue is diversified across crude oil and gas production, refined product sales, and LNG services.
RRC
Range Resources
$12.11Bn
51.82
+0.68%
+36.30%
Range Resources is an independent producer focused on the exploration, development, and acquisition of natural gas, NGLs, and oil properties in the Appalachian region. Its primary revenue is generated from the sale of these produced hydrocarbons to utilities, industrial consumers, and energy marketers.
AR
Antero Resources
$11.90Bn
38.74
+0.08%
+12.81%
Antero Resources focuses on the exploration and production of natural gas, natural gas liquids, and oil from unconventional reservoirs in the Appalachian Basin. Its primary revenue is generated from the sale of its own produced hydrocarbons.
SSL
Sasol
$9.27Bn
14.31
-0.14%
+109.52%
Sasol is an integrated energy and chemicals company that operates across the full value chain, including coal mining, natural gas production, synthetic fuel plants (Secunda), and the Natref refinery. It sells liquid fuels to wholesalers and retailers while simultaneously producing a wide array of chemicals.
CHRD
Chord Energy
$8.05Bn
149.93
+1.96%
+65.23%
Chord Energy is an independent exploration and production company that generates revenue primarily from the sale of crude oil, natural gas liquids, and natural gas produced from its own wells. The company operates its own drilling programs and holds a leading leasehold position in the Williston Basin.
SM
SM Energy
$7.71Bn
32.72
-0.21%
+77.34%
SM Energy is an independent exploration and production company that generates revenue through the sale of crude oil, natural gas, and natural gas liquids (NGLs) produced from its assets in the Permian, DJ, and Uinta Basins. The company focuses on the acquisition, development, and extraction of hydrocarbons from onshore reserves.
NFG
National Fuel Gas
$7.29Bn
76.70
+0.46%
-5.05%
The company's most profitable segment is Integrated Upstream and Gathering, which includes Seneca Resources Company LLC that explores for and develops natural gas reserves in the Appalachian region. Revenue is generated from the sale of natural gas it produces from the Marcellus and Utica shales.
MTDR
Matador Resources
$6.62Bn
53.47
+1.25%
+31.05%
Matador Resources is primarily an independent energy company focused on the exploration, development, and production of oil and natural gas in the Delaware Basin and Haynesville shale. Its core revenue is generated from the sale of produced crude oil, natural gas, and natural gas liquids.
MGY
Magnolia Oil & Gas
$6.54Bn
24.55
+1.57%
+7.44%
Magnolia Oil & Gas is an independent company focused on the acquisition, development, exploration, and production of oil, natural gas, and NGL reserves. It generates revenue primarily from the sale of these produced hydrocarbons from its properties in the Eagle Ford Shale and Austin Chalk formations.
VIST
Vista Energy, S.A.B. de C.V
$5.82Bn
55.83
+0.63%
+17.41%
Vista Energy is an independent company focused on shale oil exploration and production in Argentina's Vaca Muerta formation. Its primary revenue is derived from the sale of produced crude oil, natural gas, and natural gas liquids.
LB
2nd
LandBridge
$5.63Bn
73.08
+3.25%
-0.04%
The company earns oil and gas royalties from its ownership of approximately 4,400 gross mineral acres, receiving a share of production revenues without operating the wells.
MUR
Murphy Oil
$5.28Bn
36.82
+1.40%
+24.86%
Murphy Oil is a pure-play exploration and production company that generates revenue from the sale of crude oil, natural gas, and natural gas liquids. It operates onshore and offshore properties in the US, Canada, and internationally, focusing on extracting hydrocarbons from reserves such as the Eagle Ford Shale and deepwater fields.
CNX
CNX Resources
$5.26Bn
36.55
+0.38%
-0.68%
CNX Resources is an independent exploration and production company that generates the majority of its revenue from the sale of natural gas, natural gas liquids, and oil extracted from the Marcellus and Utica shales. Its core business is the development and production of hydrocarbons from underground reservoirs.
CRK
Comstock Resources
$4.46Bn
15.18
+0.73%
-39.35%
Comstock Resources is an independent company focused on the acquisition, exploration, development, and production of oil and natural gas in the Haynesville and Bossier shales. Its primary revenue is generated from the sale of produced crude oil and natural gas to utilities and marketers.
HCC
2nd
Warrior Met Coal
$4.40Bn
83.30
-1.10%
+3.63%
The company explicitly lists 'earned royalty revenue' as a source of revenue in its business profile, indicating it holds passive interests in production.
CRC
California Resources
$4.26Bn
48.30
+0.86%
-1.19%
California Resources is an independent exploration and production company that generates revenue through the sale of crude oil, natural gas, and natural gas liquids produced from its operated properties. Its core activities include the identification, drilling, completion, and operation of wells in fields such as Elk Hills and Lost Hills.
CRGY
Crescent Energy
$4.00Bn
12.12
+0.58%
+32.31%
Crescent Energy's core business is the production and sale of crude oil, natural gas, and natural gas liquids from its working interest assets in the Eagle Ford, Permian, and Uinta Basins. This segment is the company's primary driver of revenue and reserves, producing 92,383 MBoe annually.
PAM
Pampa Energy
$3.55Bn
65.19
+3.41%
-25.03%
Pampa Energía is described as an integrated energy company that participates across the full gas value chain, including production, processing, and transportation. It generates revenue from natural gas production and transportation services delivered to industrial, commercial, and residential users.
SUNC
SunocoCorp
$3.42Bn
66.42
+1.27%
+38.40%
SunocoCorp operates across the full oil and gas value chain, including refining at the Burnaby facility, midstream transportation via 12,000 miles of pipelines and 83 terminals, and downstream fuel distribution to over 9,200 dealer locations.
BTE
Baytex Energy
$3.34Bn
4.36
+0.46%
+38.85%
Baytex Energy is primarily engaged in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin. Its revenue is generated from the sale of produced hydrocarbons, including heavy crude oil from the Peace River and Lloydminster segments and tight oil and gas from the Duvernay and Viking segments.
ARLP
2nd
Alliance Resource Partners
$3.25Bn
25.27
+0.00%
+1.08%
The company generates significant royalty income from oil and gas mineral interests in the Permian, Anadarko, and Williston Basins, receiving lease bonuses and a percentage of production revenue without operating the wells.
USLM
2nd
United States Lime & Minerals
$3.19Bn
111.18
-2.71%
-6.31%
The company earns royalty income from non-operated working interests in natural gas wells located in the Barnett Shale formation in Texas.
BSM
Black Stone Minerals
$3.03Bn
14.23
+1.14%
+4.17%
Black Stone Minerals is primarily a mineral royalty owner that generates revenue from the sale of oil and natural gas produced from its mineral royalty interests. The profile explicitly states that its non-cost bearing structure means it does not incur operating expenses on the underlying wells, which is the defining characteristic of E-03.
GPOR
Gulfport Energy
$2.88Bn
164.52
+0.65%
-22.12%
Gulfport Energy is an independent exploration and production company that finds, develops, and extracts natural gas, oil, and NGLs from the Appalachian and Anadarko basins. Its revenue is derived from selling these produced hydrocarbons to customers like Vitol Inc. at prevailing market prices.
EROK
2nd
EagleRock Land
$2.77Bn
21.09
+1.20%
—
The company earns royalty income from oil and gas operators for well pads, roads, and pipelines, as well as volume-based royalties for produced water handling and disposal tied to hydrocarbon production activities.
TALO
Talos Energy
$2.70Bn
16.26
+1.75%
+54.12%
Talos Energy is an independent company focused on the exploration and production of oil, natural gas, and natural gas liquids in the Gulf of Mexico and offshore Mexico. Its primary revenue is generated from the sale of these produced hydrocarbons to energy traders and refiners.
NOG
Northern Oil & Gas
$2.66Bn
25.11
+1.45%
+13.62%
Northern Oil & Gas is engaged in the acquisition, exploration, development, and production of oil and natural gas properties in the Williston, Permian, Appalachian, and Uinta Basins. It generates revenue from the sale of produced oil and natural gas, which are sold to refineries, utilities, and energy traders.
PHXE-P
Phoenix Energy One
$2.51Bn
25.15
-0.32%
+22.56%
The company's primary business involves the exploration, development, production, and sale of crude oil, natural gas, and NGLs, specifically through its PhoenixOp segment which drills, completes, and operates wells.
CSANY
Cosan
$2.13Bn
2.15
+4.88%
-57.68%
Cosan operates across the full energy value chain through its subsidiaries, including ethanol production and fuel distribution via Raízen, natural gas distribution via Compass, and lubricant production and distribution via Moove. This integration of upstream production, midstream distribution, and downstream marketing fits the profile of an integrated energy business.
BKV
Bkv
$2.08Bn
19.25
-0.10%
-27.63%
BKV's Natural Gas Production segment focuses on the acquisition, development, and operation of natural gas and NGL properties in the Barnett Shale and Northeastern Pennsylvania, selling these hydrocarbons to third-party marketers.
VET
Vermilion Energy
$1.68Bn
11.00
+0.92%
+26.29%
Vermilion Energy is a pure-play upstream producer that generates revenue from the sale of crude oil, natural gas liquids, and natural gas. The company's activities across its global segments—including Canada, France, and Australia—focus on the acquisition, exploration, development, and extraction of hydrocarbons from onshore and offshore reserves.
KRP
Kimbell Royalty Partners
$1.64Bn
15.53
+0.65%
+13.61%
Kimbell Royalty Partners owns mineral and royalty interests and receives a share of production revenue from oil, natural gas, and NGLs without funding drilling or operating costs. The profile explicitly states it is not obligated to fund drilling, completion, or lease operating expenses, which is the defining characteristic of the Oil and Gas Royalties industry.
NRP
Natural Resource Partners
$1.64Bn
123.50
-0.27%
+19.25%
The company's core business model centers on owning mineral rights and receiving royalties and lease bonuses from third-party operators who extract oil, gas, and coal. It specifically describes itself as a mineral rights owner and royalty company that does not operate the wells or mines itself.
MNR
Mach Natural Resources
$1.54Bn
9.02
+0.11%
-24.46%
Mach Natural Resources is an independent upstream company that generates the majority of its revenue from the sale of oil, natural gas, and natural gas liquids produced from its wells in the Anadarko, San Juan, and Permian Basins.
DMLP
Dorchester Minerals
$1.45Bn
28.75
+1.02%
+20.75%
Dorchester Minerals focuses on the acquisition and ownership of mineral and royalty interests, generating revenue through royalty payments from producing and nonproducing wells. The profile explicitly states that the company does not engage in exploration drilling or production activities, which is the defining characteristic of the Oil and Gas Royalties industry.
KOS
Kosmos Energy
$1.33Bn
2.23
+2.29%
+54.86%
Kosmos Energy is a deepwater exploration and production company that generates revenue from the sale of crude oil, natural gas, and NGLs extracted from its offshore assets in Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of Mexico. The company's core business is finding, developing, and extracting hydrocarbons, which aligns directly with the E-02 classification.
HPK
HighPeak Energy
$1.04Bn
8.22
-1.32%
+39.56%
HighPeak Energy is an independent exploration and production company that generates revenue primarily through the sale of crude oil, natural gas liquids (NGL), and natural gas produced from its operated properties in the Midland Basin. The company focuses on the acquisition, development, and production of hydrocarbons, specifically drilling horizontal wells in the Flat Top and Signal Peak areas.
TBN
Tamboran Resources
$1.02Bn
29.20
+1.88%
+21.92%
Tamboran Resources is an independent natural gas exploration and production company focused on extracting hydrocarbons from the Beetaloo Basin. Its revenue model is based on the exploration, development, and future sale of produced natural gas to energy retailers and industrial users.
REPX
Riley Exploration Permian
$984.41Mn
44.50
+0.47%
+71.68%
Riley Permian is an independent oil and gas company that focuses on the horizontal drilling and extraction of crude oil, natural gas, and natural gas liquids in the Permian Basin. Its revenue is derived directly from the sale of these produced hydrocarbons to energy marketers and utilities.
DEC
Diversified Energy
$979.46Mn
13.85
+0.58%
-6.42%
The company's primary business is the production of natural gas, natural gas liquids, and oil from a portfolio of approximately 69,156 net productive wells. Its main revenue stream comes from the sale of these produced hydrocarbons to utilities, industrial consumers, and power generators at prevailing market prices.
GRNT
Granite Ridge Resources
$832.60Mn
6.31
-2.77%
+21.35%
Granite Ridge generates revenue primarily from the sale of oil, natural gas, and natural gas liquids produced from its properties in basins like the Permian and Eagle Ford. While it utilizes partnerships, it holds working interests and controls development timing and well design in its Operated Partnerships segment, making it an active participant in exploration and production.
INR
Infinity Natural Resources
$819.42Mn
12.92
-2.20%
-4.15%
Infinity Natural Resources is an independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. Its revenue is generated primarily from the sale of oil, natural gas, and natural gas liquids produced from its operated wells in the Utica and Marcellus Shales.
WHK
WhiteHawk Minerals
$791.79Mn
25.99
+1.44%
—
WhiteHawk operates as a mineral and royalty business, generating revenue primarily through royalties and lease bonuses from third-party operators. The company explicitly states it does not pay drilling-related capital expenditures or lease operating expenses, fitting the passive income model of E-03.
TXO
TXO Partners
$740.21Mn
13.35
-4.71%
-3.61%
TXO Partners is an independent oil and natural gas company that focuses on the acquisition, development, and exploitation of reserves in the Permian, San Juan, and Williston Basins. Its primary revenue is generated from the sale of produced oil, natural gas, and natural gas liquids.
OBE
Obsidian Energy
$664.00Mn
9.87
+1.33%
+62.34%
Obsidian Energy focuses on the exploration, development, and production of crude oil, natural gas, and natural gas liquids from properties in Alberta and British Columbia. Its revenue is generated primarily from the sale of these produced hydrocarbons to pipeline operators, traders, and refining companies.
VTS
Vitesse Energy
$649.67Mn
15.42
-0.06%
-26.57%
Vitesse Energy is an independent company focused on the acquisition, development, and production of oil and natural gas assets in the Williston, Denver-Julesburg, and Powder River Basins. Its revenue is generated primarily through the sale of produced oil and natural gas to refiners and midstream companies.
EGY
Vaalco Energy
$577.50Mn
5.49
-0.90%
+39.34%
Vaalco Energy is an independent company focused on the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids. It generates revenue from the sale of these hydrocarbons produced from its assets in Gabon, Egypt, Cote d'Ivoire, and Canada.
GFR
Greenfire Resources
$539.62Mn
7.74
+0.26%
+59.26%
Greenfire Resources is an oil sands producer that extracts hydrocarbons using Steam Assisted Gravity Drainage (SAGD) at its Hangingstone Facilities. Its primary revenue is derived from the sale of produced bitumen to refiners and marketers.
WTI
W&T Offshore
$520.45Mn
3.36
+0.60%
+75.00%
W&T Offshore is an independent producer that focuses on the acquisition, exploration, and development of offshore oil and natural gas properties. Its revenue is generated primarily through the sale of produced crude oil, natural gas liquids (NGLs), and natural gas.
GPRK
GeoPark
$487.60Mn
9.43
+1.40%
+19.52%
GeoPark is an independent energy company focused on the exploration, development, and production of oil and natural gas in Latin America. Its revenue is generated primarily from the sale of crude oil and natural gas produced from its operating blocks in Colombia and Argentina.
SD
Sandridge Energy
$483.88Mn
13.04
-0.91%
-7.19%
SandRidge Energy is an independent oil and natural gas company that focuses on the acquisition, development, and production of hydrocarbons. It generates revenue through the sale of crude oil, natural gas, and NGLs extracted from its own producing wells in the U.S. Mid-Continent region.
ELE
2nd
Elemental Royalty
$421.15Mn
14.05
-2.29%
-9.35%
The company explicitly evaluates and acquires cash-flowing assets in the energy sector as part of its Royalty and Streaming Acquisitions segment. This activity involves securing passive interests in energy production to gain commodity price exposure without direct operational involvement.
NUAI
New ERA Energy & Digital
$344.39Mn
3.20
+17.65%
-24.53%
The company is an exploration and production company focused on the extraction of natural gas, oil, and natural gas liquids from its reserves in Chaves County, New Mexico. Its current revenue is generated from the sale of these raw hydrocarbons to a third-party processor, IACX Roswell LLC.
GTE
Gran Tierra Energy
$335.77Mn
9.49
-0.73%
+116.17%
Gran Tierra Energy is an independent oil and gas company focused on the exploration, development, and production of crude oil, natural gas, and NGLs. Its revenue is derived from selling these produced hydrocarbons from operations in Colombia, Ecuador, and Canada.
REI
Ring Energy
$312.65Mn
1.20
+0.00%
+20.00%
Ring Energy is an independent exploration and production company that generates revenue through the sale of oil, natural gas, and natural gas liquids (NGLs) extracted from its producing wells in the Permian Basin. The company focuses on the development, production, acquisition, and exploration of hydrocarbons and is not integrated downstream.
PNRG
Primeenergy Resources
$309.58Mn
195.07
+1.69%
+37.22%
PrimeEnergy Resources is an independent oil and natural gas company that acquires, develops, and produces hydrocarbons. It generates its principal revenue from the sale of oil, natural gas, and natural gas liquids (NGLs) produced from its assets in Texas and Oklahoma.
FTW
Presidio Production
$300.45Mn
10.45
+2.05%
+0.00%
Presidio Production focuses on oil and gas exploration and production, generating the vast majority of its revenue from the sale of produced oil ($81.6 million), natural gas ($50.3 million), and natural gas liquids ($45.9 million). The company operates 1,877 net proved developed producing wells in the Western Anadarko Basin.
NC
2nd
Nacco Industries
$262.10Mn
34.72
-1.25%
-31.18%
The Minerals and Royalties segment acquires and leases mineral interests in oil and natural gas to third-party operators, earning recurring royalty payments based on production volumes.
UTGN
2nd
Utg
$189.31Mn
60.50
+0.00%
+10.00%
The company's Investment Holdings segment specifically includes the ownership and management of oil and gas royalties through subsidiaries of Universal Guaranty Life Insurance Company.
KGEI
Kolibri Global Energy
$179.13Mn
5.05
-9.17%
+27.20%
Kolibri Global Energy is an independent producer focused on the acquisition, exploration, development, and production of oil and natural gas in the Tishomingo Field. Its revenue is derived directly from the sale of produced crude oil, natural gas, and natural gas liquids.
AMPY
Amplify Energy
$165.92Mn
4.07
+1.24%
-27.71%
Amplify Energy is an independent exploration and production company that generates revenue primarily from the sale of crude oil and natural gas produced from its Bairoil and Beta fields. Its core business is the acquisition, development, and extraction of hydrocarbons sold to refiners and marketers.
EPSN
Epsilon Energy
$163.65Mn
5.41
-0.37%
+12.47%
Epsilon Energy is an independent explorer and producer that generates revenue from the sale of natural gas, crude oil, and natural gas liquids produced from its wells in the Marcellus shale, Permian Basin, and other regions.
PED
Pedevco
$158.84Mn
11.95
-9.47%
+2.84%
Pedevco is an independent operator engaged in the exploration, development, and production of oil and natural gas in the DJ, Powder River, and Permian Basins. Its revenue is generated primarily from the sale of produced crude oil, natural gas, and natural gas liquids to unaffiliated purchasers.
SOC
Sable Offshore
$149.75Mn
0.72
+16.13%
-87.78%
Sable Offshore Corp operates as a fully integrated entity across the oil and gas value chain, combining upstream offshore production from the Hondo, Harmony, and Heritage platforms with midstream pipeline transportation and onshore processing at the Las Flores Canyon facility. The company manages the entire process from extraction to delivery at the Pentland Station terminal for downstream sales.
ANNA
AleAnna
$145.05Mn
2.16
-5.68%
-33.54%
AleAnna's core business is the exploration, development, and production of onshore conventional natural gas in Italy, specifically through its working interest in the Longanesi field and concessions for Gradizza and Trava. It generates its primary revenue from the sale of produced natural gas to Shell Energy Europe Limited.
EPM
Evolution Petroleum
$136.17Mn
3.35
-3.18%
-22.81%
Evolution Petroleum primarily holds non-operated working and royalty interests, receiving a share of production revenue without funding drilling or operations. Its revenue is derived from net revenue interests in producing fields across basins like the SCOOP/STACK and Barnett Shale, fitting the profile of a mineral aggregator and royalty interest owner.
RSRV
Reserve Petroleum
$117.56Mn
215.00
-3.15%
+22.86%
The company's primary revenue comes from working interest production, which accounts for 79% of its oil and gas sales. It actively pursues exploratory prospects and participates in drilling programs to extract hydrocarbons from its properties.
EP
Empire Petroleum
$102.01Mn
2.45
+0.82%
-20.97%
Empire Petroleum is an independent energy company focused on the acquisition, development, and production of oil and natural gas properties. It generates its primary revenue from the sale of oil, natural gas, and natural gas liquids produced from its operated wells.
NRT
North European Oil Royalty Trust
$66.82Mn
7.27
+1.68%
+10.99%
The company is a grantor trust that holds overriding royalty rights on gas and oil production in Germany, receiving a share of production revenue without funding drilling or operations. Its revenue is derived from royalty payments on the sales of gas, crude oil, condensate, and sulfur produced by operators like ExxonMobil and Royal Dutch/Shell.
BSIN
Big Sky Industrial
$61.06Mn
1.16
-2.52%
+10.48%
The company's current revenue is generated primarily from the sale of oil and natural gas produced from its operated properties, with an average net production of 451 barrels of oil equivalent per day. It holds proved reserves of 1,451,821 barrels of oil equivalent and operates 209 net producing wells.
CJAX
CoJax Oil & Gas
$50.30Mn
3.55
+0.00%
+0.00%
CoJax Oil & Gas is an independent producer that acquires and develops crude oil and natural gas properties in Mississippi and Alabama. Its primary revenue is generated from the sale of produced crude oil and natural gas to marketers and traders.
PROP
Prairie Operating
$49.85Mn
0.42
+13.51%
-75.58%
Prairie Operating is an independent oil and natural gas company that focuses on the acquisition, development, and extraction of crude oil, natural gas, and natural gas liquids from its assets in the Denver Julesburg Basin. Its revenue is generated directly from the sale of these produced hydrocarbons to refiners and pipeline operators.
LRDC
Laredo Oil
$44.46Mn
0.52
-5.45%
+1.96%
Laredo Oil is an exploration and production company that generates revenue through the production and sale of oil, natural gas, and gas liquids. The company actively operates producing wells and implements recovery projects in regions such as Montana, including the Cat Creek oil field.
BATL
Battalion Oil
$42.83Mn
0.72
-5.26%
-35.71%
Battalion Oil is an independent energy company focused on the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the Delaware Basin. Its revenue is generated primarily through the sale of these produced hydrocarbons from its operated and non-operated wells.
GLND
Greenland Energy
$40.44Mn
2.12
+4.95%
—
March GL is an exploration-stage company focused on finding and extracting hydrocarbons from the Jameson Land Basin in East Greenland. Its core business activities include securing licenses, conducting geophysical assessments, and planning exploratory wells to produce crude oil and natural gas.
INDO
Indonesia Energy
$36.01Mn
2.34
-2.90%
-14.29%
The company is an oil and gas exploration and production company that generates revenue from the sale of crude oil produced at its Kruh Block and anticipates future revenue from natural gas sales at the Citarum Block. It focuses on finding, developing, and extracting hydrocarbons from onshore reserves in Indonesia.
SPND
Spindletop Oil & Gas
$35.30Mn
5.35
+0.00%
+60.18%
The company's primary business is the exploration, development, and production of crude oil and natural gas, generating revenue from the sale of these hydrocarbons from operated and non-operated wells.
AGIG
Abundia Global Impact
$34.83Mn
0.80
+0.00%
-85.02%
The company currently generates its primary revenue through the exploration and production of crude oil and natural gas in the Permian Basin and U.S. Gulf Coast, sold on spot markets. While it is transitioning, the profile explicitly states that current revenue comes from these legacy oil and gas assets.
CKX
2nd
Ckx Lands
$31.56Mn
15.37
-2.66%
+49.08%
The company earns significant revenue from passive mineral royalties and non-operating interests in oil and gas production, receiving payments from third-party operators like Riceland Petroleum Company and Ballard Exploration Company.
MXC
Mexco Energy
$20.26Mn
9.90
+2.27%
+8.79%
Mexco Energy is an independent company engaged in the acquisition, exploration, development, and production of crude oil and natural gas. Its primary revenue is generated from the sale of oil, natural gas, and natural gas liquids derived from its working interests.
EONR
EON Resources
$14.51Mn
0.26
+0.00%
-43.48%
EON Resources is an independent exploration and production company that generates revenue primarily through the production and sale of crude oil and natural gas from its assets in the Permian Basin. The profile explicitly states its core business is the acquisition, development, and operation of oil and natural gas properties.
NRIS
Norris Industries
$14.07Mn
0.13
+0.00%
+18.18%
Norris Industries is an exploration and production company that generates revenue through the sale of crude oil and natural gas extracted from its producing wells. The company holds working interests in leaseholds such as the Bend Arch Lion and Stuart Leases and manages its own proved reserves of oil and gas.
BRN
Barnwell Industries
$12.41Mn
0.86
+0.00%
-27.12%
The company's primary business involves the exploration, development, and production of crude oil and natural gas, specifically in Alberta, Canada. Revenue is generated from the sale of produced oil, natural gas, and natural gas liquids to energy marketing companies.
TPET
Trio Petroleum
$9.21Mn
1.73
+2.37%
-80.47%
Trio Petroleum Corp is an upstream company focused on the exploration, development, and production of hydrocarbons. It generates revenue from the sale of oil and natural gas produced from its working interests in the South Salinas Project, McCool Ranch Oil Field, and Asphalt Ridge Project.
OKMN
Okmin Resources
$7.71Mn
0.06
+0.00%
+50.00%
Okmin Resources engages in the acquisition, exploration, and development of oil and gas properties, specifically pursuing rework and recompletion opportunities. Its revenue is generated from the sale of oil and natural gas produced from its working interests, such as the Vitt oil lease and the Pushmataha natural gas project.
NMEX
Northern Minerals & Exploration
$6.00Mn
0.05
+25.00%
-76.19%
The company generates its primary revenue through the production and sale of oil, natural gas, and natural gas liquids from its properties in central Texas. It operates drilling programs through its subsidiary, Kathis Energy LLC, to extract these hydrocarbons.
MARPS
Marine Petroleum Trust
$5.89Mn
4.25
+1.67%
-1.62%
Marine Petroleum Trust is a royalty trust that collects overriding royalty interests from oil and natural gas leases offshore Texas and Louisiana. It is a passive interest holder that receives payments based on the wellhead value of production without funding drilling or operations, which aligns exactly with the E-03 description.
ROYL
Royale Energy
$5.80Mn
0.06
-33.33%
+50.00%
Royale Energy is an independent producer that engages in the exploration, development, and production of crude oil and natural gas. Approximately 99% of its revenue comes from the sale of hydrocarbons produced from its wells in Texas, California, and Oklahoma.
GURE
2nd
Gulf Resources
$5.08Mn
2.80
+0.00%
-25.13%
The company has a dedicated natural gas segment focused on the exploration and development of natural gas resources in Sichuan Province, China.
TRLEF
Dune Oil
$2.50Mn
0.06
+0.00%
-40.00%
Trillion Energy International is an exploration and production company that generates revenue from the sale of natural gas from the South Akcakoca Sub-Basin (SASB) and crude oil from the Cendere field. Its core business is the extraction of hydrocarbons from onshore and offshore reserves in Turkey.
CRCE
Circle Energy
$1.91Mn
1.25
+0.00%
+13.64%
Circle Energy is an exploration-stage company focused on acquiring and developing oil and natural gas properties in the Permian Basin. Its revenue model is based on the future sale of produced crude oil, natural gas, and natural gas liquids from its leasehold interests.
ALTX
Altex Industries
$1.90Mn
0.17
-10.53%
-32.00%
Altex Industries operates as a passive interest holder that acquires and manages royalty and non-operated working interests in onshore oil and gas properties. The company does not directly operate wells or conduct drilling, instead receiving revenue based on its ownership share of production sold by third-party operators.
NSFDF
2nd
NXT Energy Solutions
$1.73Mn
0.22
-4.35%
-15.38%
The company's revenue model includes pursuing gross overriding royalty payments if clients achieve production on areas recommended by its surveys, which constitutes a passive interest in production revenue.
MNTR
Mentor Capital
$827.68K
0.03
+0.00%
-72.73%
Mentor Capital focuses on acquiring non-operating oil and gas royalty interests, receiving a share of production revenues without funding drilling or operations. Its primary revenue is derived from working interest owners who remit proportional production payments from hydrocarbon production.
ZNOG
Zion Oil & Gas
$358.76K
0.30
+3.45%
+57.89%
Zion Oil and Gas is a pure-play exploration company focused on the acquisition, exploration, and development of oil and gas reserves in Israel, specifically holding the Megiddo Valleys License 434. Its core business objective is the upstream extraction of hydrocarbons, although it is currently in a pre-revenue phase.
NRHI
Natural Resource Holdings
$279.49K
0.05
+0.00%
-54.55%
The company has shifted its strategy toward oil and gas exploration, specifically targeting the Utica Shale formation in Potter County, Pennsylvania. Its future revenue is expected to derive from the potential extraction of these hydrocarbon resources.
SPOWF
Strata Power
$200.85K
0.01
+0.00%
+0.00%
Strata Power is principally engaged in the acquisition and exploration of oil and gas properties, specifically focusing on heavy oil projects in the Peace River oil sands region. Its core business activity is the exploration and evaluation of oil sands leases to determine commercial viability for future hydrocarbon extraction.
LEEN
Leopard Energy
$101.83K
0.08
+0.00%
-46.67%
Leopard Energy generates its revenue exclusively from royalty payments derived from a 5% interest in seven producing oil wells in the Eagle Ford Shale. The company does not operate the wells itself, but instead receives a share of hydrocarbon proceeds from the working interest owners and operators.
PTCO
PetroGas
$0.00
0.00
—
-100.00%
PetroGas is an exploration and production firm that acquires, develops, and operates oil and gas leases, specifically holding working interests in the Eagle Ford Shale. It generates revenue from the sale of crude oil and natural gas produced from these leased properties.
