12 Best Energy Stocks to Buy According to Billionaire Ken Fisher

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6. TotalEnergies SE (NYSE:TTE)

Fisher Asset Management’s Stake: $1.2 billion

Number of Hedge Fund Holders: 26

TotalEnergies SE (NYSE:TTE) is a multinational energy company that produces and sells oil and biofuels, natural gas, green gases, renewables, and electricity worldwide. The company is divided into five business segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services. Last year, it began production on five large projects: Mero 2 and 3 in Brazil, Akpo West in Nigeria, Anchor in the United States, and Fenix in Argentina. In addition, the company extended its US gas business by acquiring dry gas assets in Texas.

TotalEnergies SE (NYSE:TTE) reported a strong financial performance in the fourth quarter of 2024, with adjusted net income up 8%, rising to $4.4 billion on account of its diversified multi-energy business strategy, notably in Integrated LNG and Integrated Power. Despite a tougher market environment in 2024 compared to the spectacular performance in 2023, the oil giant achieved an adjusted net income of more than $18 billion and a 14.8% return on average capital employed (ROACE), preserving its position as the highest performer among peers.

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