5 Worst Performing Energy Stocks in 2023

3. Trio Petroleum Corp. (NYSE:TPET)

Year To Date Share Price Losses: 69.82%

Trio Petroleum Corp. (NYSE:TPET) owns working interests in oil and gas exploration projects in multiple sites in California. The firm is busy testing its wells in Monterey, California, with initial data showing 125 barrels per day of production. Trio Petroleum Corp. (NYSE:TPET) has high expectations from its Monterey assets, as it expects the site to generate at least $2 billion in net present value.