ADAMS NATURAL RESOURCES FUND, INC. 13F Holdings

Disclosed positions

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Exxon Mobil Corporation	XOM	COM	$184,073,656	1,346,355	SH	None
Chevron Corporation	CVX	COM	$97,238,794	586,624	SH	None
ConocoPhillips	COP	COM	$46,189,740	444,303	SH	None
Williams Companies, Inc.	WMB	COM	$31,613,085	425,250	SH	None
Valero Energy Corporation	VLO	COM	$29,612,028	113,700	SH	None
Linde plc	LIN	COM	$27,867,078	53,700	SH	None
SLB Ltd.	SLB	COM	$25,459,458	547,633	SH	None
Targa Resources Corp.	TRGP	COM	$24,561,624	91,600	SH	None
Phillips 66	PSX	COM	$23,916,349	141,475	SH	None
Marathon Petroleum Corporation	MPC	COM	$20,431,101	79,912	SH	None
EOG Resources, Inc.	EOG	COM	$18,170,892	140,067	SH	None
Occidental Petroleum Corporation	OXY	COM	$14,889,182	306,551	SH	None
Diamondback Energy, Inc.	FANG	COM	$14,730,364	83,800	SH	None
Freeport-McMoRan, Inc.	FCX	COM	$14,665,948	233,200	SH	None
Kinder Morgan, Inc.	KMI	COM	$13,727,662	429,392	SH	None
Baker Hughes Company	BKR	COM	$12,420,900	223,800	SH	None
ONEOK, Inc.	OKE	COM	$12,215,070	140,500	SH	None
Halliburton Company	HAL	COM	$11,986,149	353,053	SH	None
Sherwin-Williams Company	SHW	COM	$11,603,584	33,700	SH	None
Newmont Corporation	NEM	COM	$11,217,340	120,100	SH	None
Devon Energy Corporation	DVN	COM	$10,815,923	261,760	SH	None
Nucor Corporation	NUE	COM	$9,600,525	43,100	SH	None
Ecolab Inc.	ECL	COM	$8,748,354	31,400	SH	None
Vulcan Materials Company	VMC	COM	$8,171,777	27,700	SH	None
EQT Corporation	EQT	COM	$8,135,010	153,000	SH	None
Expand Energy Corporation	EXE	COM	$8,070,315	88,500	SH	None
CRH public limited company	CRH	COM	$6,141,800	57,400	SH	None
Texas Pacific Land Corporation	TPL	COM	$5,842,494	13,350	SH	None
Air Products and Chemicals, Inc.	APD	COM	$5,306,558	18,100	SH	None
International Flavors & Fragrances Inc.	IFF	COM	$5,268,605	66,506	SH	None
Corteva Inc.	CTVA	COM	$4,907,362	57,945	SH	None
CF Industries Holdings, Inc.	CF	COM	$4,619,346	42,669	SH	None
DuPont de Nemours, Inc.	DD	COM	$4,291,921	31,642	SH	None
TechnipFMC plc	FTI	COM	$3,222,180	48,600	SH	None
Martin Marietta Materials, Inc.	MLM	COM	$2,595,150	4,500	SH	None
Steel Dynamics, Inc.	STLD	COM	$2,530,026	11,026	SH	None
PPG Industries, Inc.	PPG	COM	$2,195,349	18,100	SH	None
Smurfit Westrock plc	SW	COM	$1,910,538	41,300	SH	None
Cameco Corporation	CCJ	COM	$1,833,480	18,000	SH	None
APA Corporation	APA	COM	$1,823,920	56,000	SH	None
International Paper Company	IP	COM	$1,558,290	40,900	SH	None
Amcor plc	AMCR	COM	$1,512,048	34,880	SH	None
Dow, Inc.	DOW	COM	$1,448,575	52,945	SH	None
Packaging Corporation of America	PKG	COM	$1,262,884	5,300	SH	None
Ball Corporation	BALL	COM	$1,017,120	16,300	SH	None
Albemarle Corporation	ALB	COM	$972,216	7,200	SH	None
Avery Dennison Corporation	AVY	COM	$876,690	5,400	SH	None
LyondellBasell Industries N.V.	LYB	COM	$821,340	15,600	SH	None
Mosaic Company	MOS	COM	$449,249	21,201	SH	None
Eos Energy Enterprises, Inc.	EOSE	COM	$368,088	62,600	SH	None

Largest 50 positions by reported value; the filing may contain more positions.

How amendments affect these holdings

This view uses 1 effective filing version(s). A restatement replaces the previous book; a new-holdings amendment adds positions. 0 positions lack a resolved ticker and 0 positions are put or call entries.

A 13F is a delayed quarterly snapshot of disclosed holdings. It is not a complete trade ledger and does not reveal every position in a manager's portfolio. Option values refer to the reported underlying position rather than a traded option premium.

Quarter end and public filing date

Use the filing's public availability date when constructing a historical observation. The quarter-end report period is earlier and cannot be substituted for when the public learned the holdings.