5 Biggest Energy Companies in the US

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1. Exxon Mobil Corporation (NYSE:XOM)

2021 Revenue: $285.64 billion

Number of Hedge Funds: 72

Headquartered in Texas, Exxon Mobil Corporation (NYSE:XOM) is a multinational that operates in the energy sector with a focus on oil and gas.

Exxon Mobil Corporation (NYSE:XOM) reported revenue of $285.64 billion at the end of 2021, making it the largest company on our list of biggest energy companies in the US.

If oil prices stay high, Exxon Mobil Corporation (NYSE:XOM)’s sales are expected to also increase in the next few years. As per Insider Monkey’s Q2 2022 database, 72 hedge funds tracked by Insider Monkey owned stakes in Exxon Mobil Corporation (NYSE:XOM), falling from 83 in the previous quarter. These stakes hold a collective value of over $7.4 billion. With over $4 billion worth of stakes, GQG Partners held the largest position in the company in Q2.

You can also take a look at Simon Sadler’s Segantii Capital is Bullish on These 10 Stocks and 10 Best Stocks to Buy Now According to Billionaire Andreas Halvorsen.

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