10 Best Gas Stocks to Buy According to Billionaires

8. Shell plc (NYSE:SHEL)

Number of Billionaire Investors: 14

Number of Hedge Fund Holders: 54

Shell plc (NYSE:SHEL) is a British multinational oil and gas company with operations in more than 70 countries. The company’s operations include its Integrated Gas and Upstream business and Downstream, Renewables, and Energy Solutions business. According to billionaires, Shell plc (NYSE:SHEL) is one of the best gas stocks to buy.

On March 19, TD Cowen raised its price target on Shell plc (NYSE:SHEL) to $82 from $81 and maintained a “Buy” rating. The firm highlighted the company’s strong position compared to its European peers and emphasized its ability to sustain attractive shareholder distributions even in lower-price environments. TD Cowen pointed out that this outlook is supported by Shell plc’s (NYSE:SHEL) expected reduction in capital expenditures and increased cash flow from major projects that are now coming online. The firm expects Shell plc (NYSE:SHEL) to reaffirm its 6% free cash flow guidance through 2030 at its upcoming analyst day.