10 Best Oil Stocks to Invest In According to Billionaires

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Billionaire Holders: 16

Topping our list of the Best Oil Stocks According to Billionaires is Exxon Mobil Corporation (NYSE:XOM), one of the largest integrated fuels, lubricants, and chemical companies in the world. The company operates facilities or markets products around the globe and explores for oil and natural gas on six continents.

After the $60 billion acquisition of Pioneer Natural Resources last year, Exxon Mobil Corporation (NYSE:XOM)’s production in the Permian Basin and Guyana hit a record high in 2024. The oil major delivered an industry-leading financial performance last year, with $34 billion in earnings and $55 billion in cash flow from operations, its third-highest result in a decade despite softer market conditions. The company’s total production came in at 4.3 million boed in 2024, with a target to achieve close to 5.4 million boed in 2030.

Exxon Mobil Corporation (NYSE:XOM) has grown its earnings at an annual rate of roughly 30% over the last five years, while its cash flow has increased at a CAGR of about 15%. The company intends to continue this momentum and expects to add a further $20 billion in earnings and $30 billion in cash flow by the end of the decade. Exxon remains committed to its shareholders, having grown its annual dividend for 42 consecutive years. The company announced a quarterly dividend of $0.99 per share for Q1 of 2025 and also revealed plans to repurchase $20 billion in shares annually through 2026.

Overall, Exxon Mobil Corporation (NYSE:XOM) ranks first on our list of the best oil stocks to invest in according to billionaires. While we acknowledge the potential of XOM to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than XOM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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