10 Oil Stocks with Biggest Upside Potential According to Analysts

7. Shell plc (NYSE:SHEL)

Upside Potential: 25.04%

Number of Hedge Fund Holders: 48

Shell plc (NYSE:SHEL) is a multinational energy company with a diversified portfolio in oil, gas, and chemicals. The company earns revenue through the exploration, refining, and marketing of hydrocarbons, as well as from its growing renewable energy segment. Shell plc’s (NYSE:SHEL) clients range from retail consumers to large industrial buyers. The company is investing heavily in renewable energy sources like solar, wind, and hydrogen while transitioning toward net-zero emissions. Its long-term strategy involves decarbonizing its operations and leveraging digital innovation to improve efficiency.

Shell plc (NYSE:SHEL) has successfully commenced operations at Mero 3 in Brazil and finalized the divestment of Shell Pakistan. These strategic moves have strengthened its portfolio, positioning Shell plc (NYSE:SHEL) to capitalize on future growth opportunities. Shell PLC (NYSE:SHEL) has also showcased remarkable cost-cutting initiatives and operational efficiencies, which significantly bolstered its financial performance.

Aiming to address evolving energy demands, Shell plc (NYSE:SHEL) continues to focus on its core strengths in LNG and low-carbon oil. The company prioritizes customer-centric solutions and leverages its robust trading capabilities to enhance its competitive edge. Shell plc’s (NYSE:SHEL) CEO has emphasized the importance of dynamic capital allocation, highlighting the company’s strategic approach to seeking value across the energy system.