5 Biggest Energy Companies in the US

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1. Exxon Mobil Corporation (NYSE:XOM)

Market Capitalization as of December 23, 2022: $447.58 billion

Exxon Mobil Corporation (NYSE:XOM) is a diversified energy company that not only produces crude oil and gas, but is also expanding its presence in the renewables arena.

Exxon Mobil Corporation (NYSE:XOM) raked in $19.6 billion in profits during this year’s third quarter, which was its highest earnings in history due to price pressure from the Ukraine invasion. However, the company’s decision to distribute these as dividends to shareholders was criticized by President Biden who tweeted in October 2022 that giving back through dividends does not help Americans like bringing down pump prices can.

By the end of Q3 2022, 75 of the 920 hedge funds polled by Insider Monkey had bought Exxon Mobil Corporation (NYSE:XOM)’s shares.

Exxon Mobil Corporation (NYSE:XOM)’s largest shareholder is Rajiv Jain’s GQG Partners which owns 33 million shares that are worth $2.9 billion.

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