Adams Natural Resources Fund, Inc.

All holdings · as of Dec 31, 2025

Company	Class	Value	Shares	% of portfolio
EXXON MOBIL CORP	—	$158.61M	1,318,055	24.1%
CHEVRON CORP	—	$95.06M	623,724	14.4%
ConocoPhillips	—	$35.31M	377,203	5.4%
Williams Cos Inc/The	—	$26.18M	435,550	4.0%
LINDE PLC	—	$22.90M	53,700	3.5%
Phillips 66	—	$20.06M	155,475	3.0%
KINDER MORGAN, INC.	—	$18.94M	689,092	2.9%
Baker Hughes Co	—	$17.16M	376,900	2.6%
Marathon Petroleum Corp	—	$15.06M	92,612	2.3%
EOG RESOURCES INC	—	$14.84M	141,367	2.3%
Valero Energy Corp	—	$14.31M	87,900	2.2%
EQT Corp	—	$14.08M	262,600	2.1%
SLB LIMITED/NV	—	$12.91M	336,433	2.0%
Newmont Corp	—	$12.82M	128,400	1.9%
Targa Resources Corp	—	$12.80M	69,400	1.9%
ONEOK Inc	—	$12.25M	166,600	1.9%
Diamondback Energy, Inc.	—	$11.95M	79,500	1.8%
FREEPORT-MCMORAN INC	—	$11.84M	233,200	1.8%
ECOLAB INC.	—	$11.13M	42,400	1.7%
Devon Energy Corp	—	$10.96M	299,200	1.7%
NUCOR CORP	—	$8.48M	52,000	1.3%
CRH PUBLIC LTD CO	—	$7.99M	64,000	1.2%
Vulcan Materials Co	—	$7.90M	27,700	1.2%
OCCIDENTAL PETROLEUM CORP /DE	—	$7.84M	190,651	1.2%
SHERWIN WILLIAMS CO	—	$7.81M	24,100	1.2%
HALLIBURTON CO	—	$7.78M	275,153	1.2%
EXPAND ENERGY Corp	—	$5.12M	46,400	0.8%
Air Products & Chemicals, Inc.	—	$4.47M	18,100	0.7%
Corteva, Inc.	—	$3.88M	57,945	0.6%
Cenovus Energy Inc.	—	$3.86M	228,100	0.6%
Texas Pacific Land Corp	—	$3.83M	13,350	0.6%
CF Industries Holdings Inc	—	$3.60M	46,569	0.5%
MARTIN MARIETTA MATERIALS INC	—	$3.36M	5,400	0.5%
Coterra Energy Inc.	—	$3.18M	120,800	0.5%
DuPont de Nemours, Inc.	—	$3.16M	78,626	0.5%
CROWN HOLDINGS, INC.	—	$3.05M	29,600	0.5%
TechnipFMC plc	—	$2.80M	62,800	0.4%
STEEL DYNAMICS INC	—	$1.87M	11,026	0.3%
PPG INDUSTRIES INC	—	$1.85M	18,100	0.3%
Canadian Natural Resources Limited	—	$1.73M	51,200	0.3%
Cameco Corporation	—	$1.65M	18,000	0.2%
INTERNATIONAL PAPER CO /NEW	—	$1.61M	40,900	0.2%
Smurfit Westrock plc	—	$1.60M	41,300	0.2%
PACKAGING CORP OF AMERICA	—	$1.53M	7,400	0.2%
Amcor PLC	—	$1.45M	174,400	0.2%
APA Corp	—	$1.37M	56,000	0.2%
INTERNATIONAL FLAVORS & FRAGRANCES INC	—	$1.36M	20,206	0.2%
DOW INC.	—	$1.24M	52,945	0.2%
ALBEMARLE CORP	—	$1.02M	7,200	0.2%
Avery Dennison Corp	—	$982.2K	5,400	0.1%