12 Best Energy Stocks to Buy According to Billionaire Ken Fisher

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3. Shell plc (NYSE:SHEL)

Fisher Asset Management’s Stake: $1.56 billion

Number of Hedge Fund Holders: 54

Shell plc (NYSE:SHEL) is a multinational energy and petrochemical corporation that explores, produces, and sells crude oil, natural gas, natural gas liquids, low-carbon fuels, lubricants, bitumen, and petrochemicals. The company also makes investments in renewable energy generation, hydrogen sales, and electric car charging infrastructure.

Shell plc (NYSE:SHEL) reported adjusted earnings of $3.7 billion for Q4 2024, citing weaker pricing and margins. That said, the firm also reported $22.6 billion in shareholder payments amid strong cash flow, making up 41% of total cash flow from operations. Furthermore, Shell plc (NYSE:SHEL) announced a 4% dividend hike and a new $3.5 billion repurchase program, marking the 13th consecutive quarter of at least $3 billion in buybacks.

Shell plc (NYSE:SHEL) stated on January 24 that it had completed its acquisition of RISEC Holdings, adding a 609 MW gas power plant in Rhode Island to its portfolio. This agreement serves to ensure a long-term energy supply in the ISO New England market.

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