11 Best Natural Gas Stocks To Buy Now

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6. Shell plc (NYSE:SHEL)

Number of Hedge Fund Holders: 48

Shell plc (NYSE:SHEL) is an integrated energy company employing 103,000 people and with operations in more than 70 countries. The company has over 50 years of experience as a producer of natural gas and today it is one of the leading producers in Europe. Moreover, Shell has a world-leading LNG business with a sizeable portfolio, a diverse network of customers around the world, extensive shipping and storage assets, and access to regasification plants.

Shell plc (NYSE:SHEL) reported revenue of $66.28 billion in Q4 2024, down 15.8% YoY and missing analysts’ estimates by over $5.5 billion, primarily due to declining oil and gas prices and falling oil demand. However, cash delivery remained solid and the oil and gas giant generated a free cash flow of $40 billion in 2024, higher than in 2023, despite the lower price environment. As a result, Shell announced a 4% increase in its dividends and another $3.5 billion buyback program, making it the 13th consecutive quarter of at least $3 billion of buybacks.

It was reported in December 2024 that Shell plc (NYSE:SHEL) will combine its UK offshore oil and gas assets with Equinor to form a new company that will be the UK North Sea’s biggest independent producer, with a combined estimated output of 140,000 barrels of oil equivalent per day in 2025.

Shares of Shell plc (NYSE:SHEL) were held by 48 hedge funds at the end of Q3 2024, with Fisher Asset Management holding the largest stake valued at over $1.56 billion.

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