12 Best Energy Stocks to Invest In According to Billionaires

5. Exxon Mobil Corporation (NYSE:XOM)

Number of Billionaire Holders: 16

Ranked number 5 on our list of the Best Energy Stocks According to Billionaires is Exxon Mobil Corporation (NYSE:XOM), one of the largest integrated fuels, lubricants, and chemical companies in the world.

Exxon Mobil Corporation (NYSE:XOM) delivered an adjusted EPS of $1.67 in Q4 2024, beating estimates by $0.12. However, the company’s revenue of $83.43 billion was down 1.1% YoY and missed expectations by $3.77 billion. Moreover, the oil and gas giant achieved record production in Permian and Guyana, and record sales volumes of high-value products in its full-year 2024. As a result, Exxon delivered an industry-leading financial performance last year, with $34 billion in earnings and $55 billion in cash flow from operations, its third-highest result in a decade despite softer market conditions. Moreover, since 2019, the company has achieved $12.1 billion in structural cost savings, outperforming its industry peers while helping to mitigate inflationary pressures and expansion costs.

Exxon Mobil Corporation (NYSE:XOM) is growing at an impressive pace, having grown its earnings at an annual rate of roughly 30% over the last five years. The oil major also remains committed to its shareholders and has distributed over $125 billion in dividends and buybacks during the period. Exxon has increased its annual dividend for 42 consecutive years and announced a quarterly dividend of $0.99 per share for Q1 of 2025. The company also has plans to repurchase $20 billion in shares annually through 2026.