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| Rank | Company Name | Market Capital | Headquarters Country |
| 1 | Saudi Aramco | $2.084 T | Saudi Arabia |
| 2 | Exxon Mobil | $425.03 B | United States |
| 3 | Chevron | $297.95 B | United States |
| 4 | Shell | $205.92 B | United Kingdom |
| 5 | PetroChina | $186.20 B | China |
| 6 | Nextera Energy | $152.95 B | United States |
| 7 | TotalEnergies | $141.53 B | France |
| 8 | ConocoPhillips | $126.95 B | United States |
| 9 | BP | $103.03 B | United Kingdom |
| 10 | LG Energy Solution | $102.40 B | South Korea |
| 11 | Sinopec | $101.67 B | China |
| 12 | TAQA | $96.74 B | Abu Dhabi |
| 13 | Equinor | $94.72 B | Norway |
| 14 | Pretrobras | $90.65 B | Brazil |
| 15 | Iberdrola | $81.12 B | Spain |
| 16 | China Shenhua Energy | $80.74 B | China |
| 17 | Southern Company | $78.24 B | United States |
| 18 | Enbridge | $75.88 B | Canada |
| 19 | Glencore | $75.05 B | Switzerland |
| 20 | CNOOC | $72.34 B | China |
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