5 Most Profitable Energy Stocks

2. Exxon Mobil Corporation (NYSE:XOM)

Trailing Twelve Months Net Income: $55.7 billion

Number of Hedge Fund Holders In Q4 2022: 79

Exxon Mobil Corporation (NYSE:XOM) is an American oil and gas giant. It is a direct descendant of the Standard Oil Company, which made John D. Rockefeller the richest man in the world during the late 1800s and the early 1900s.

Exxon Mobil Corporation (NYSE:XOM) is rapidly increasing its natural gas procurement and reached a deal with a Mexican company to buy two million tons of LNG per year annually in February 2023. 79 of the 943 hedge funds polled by Insider Monkey had invested in the firm in Q4 2022.

Exxon Mobil Corporation (NYSE:XOM)’s largest investor is Rajiv Jain’s GQG Partners which owns 32.9 million shares that are worth $3.6 billion.

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