12 Best Battery Stocks to Buy According to Billionaires

5. Shell plc (NYSE:SHEL)

Number of Billionaire Investors: 14

Shell plc (NYSE:SHEL) is a leading company dealing with energy and petrochemicals across Europe, Asia, Oceania, Africa, and the Americas. Its portfolio covers oil and gas exploration, refining, LNG trading, and low-carbon solutions like hydrogen and EV charging. The company is working on building Holland Hydrogen 1, a 200-megawatt facility, set to produce 80 tons of hydrogen daily from 2025 onwards.

Shell plc (NYSE:SHEL) reported a decrease in earnings for Q4 ended December 31, 2024, due to weaker margins in crude, LNG trading, and marketing, plus higher exploration write-offs. Shareholder-attributable income included a $2.2 billion net impairment charge and a $2.8 billion net loss from asset sales. Adjusted earnings reached $3.7 billion, with operating cash flow at $13.2 billion, boosted by $2.4 billion in working capital inflows. This translated into a yearly operating cash flow of $54.7 billion and a free cash flow of $39.5 billion, which demonstrates the company’s robust financial health.

Despite the challenging market, Shell plc (NYSE:SHEL) maintained robust shareholder returns of $22.6 billion in 2024—41% of operational cash flow. Furthermore, the company increased quarterly dividends by 4% to $0.358 per share and initiated a $3.5 billion buyback program. Shell also achieved $3.1 billion in cost cuts, meeting its 2023 Capital Markets Day targets early.

Shell advanced its key projects, starting off production at Whale in the Gulf of Mexico and Mero-3 FPSO in Brazil. It also formed the UK North Sea’s largest independent oil producer with Equinor, while finalizing the investment decision for Nigeria’s Bonga North deepwater project at the same time.

Shell plc (NYSE:SHEL) expects lower capital expenditure in 2025. While LNG liquefaction is projected at 6.6-7.2 million tons, Integrated Gas production should range from 1,750-1,950 thousand boe/d in 2025. Driven by hydrogen production and growing demand in the EV market, the company has established itself as one of the best battery stocks.