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| Rank | Company Name | Market Capital | Headquarters Country |
| 1 | Saudi Aramco | $1.851 T | Saudi Arabia |
| 2 | Exxon Mobil | $413.69 B | United States |
| 3 | Chevron | $293.24 B | United States |
| 4 | Shell | $191.85 B | United Kingdom |
| 5 | Nextera Energy | $150.09 B | United States |
| 6 | TotalEnergies | $148.60 B | France |
| 7 | PetroChina | $141.72 B | China |
| 8 | ConocoPhillips | $116.07 B | United States |
| 9 | LG Energy Solution | $108.18 B | South Korea |
| 10 | BP | $106.98 B | United Kingdom |
| 11 | TAQA | $98.87 B | Abu Dabi |
| 12 | Sinopec | $92.96 B | China |
| 13 | Equinor | $86.43 B | Norway |
| 14 | China Shenhua Energy | $80.67 B | China |
| 15 | Duke Energy | $74.56 B | United States |
| 16 | Enbridge | $74.09 B | Canada |
| 17 | Southern Company | $73.66 B | United States |
| 18 | Iberdrola | $73.01 B | Spain |
| 19 | CNOOC | $72.32 B | China |
| 20 | Glencore | $70.87 B | Switzerland |
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