5 Most Profitable Energy Stocks

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1. Saudi Arabian Oil Company (TADAWUL:2222.SR)

Trailing Twelve Months Net Income: $156.71 billion (1SAR = 0.27USD)

Number of Hedge Fund Holders In Q3 2022: N/A

Saudi Arabian Oil Company (TADAWUL:2222.SR) is the largest oil company in the world in terms of revenue. Owned by the Saudi government, the firm is based in Dhahran, Saudi Arabia.

While not a major gas producer, Saudi Arabian Oil Company (TADAWUL:2222.SR) has big plans for the industry. The company aims to target Saudi Arabia’s 234 trillion cubic feet of natural gas reserves, and it is also on a global gas field discovery spree after having discovered gas reserves in Egypt in November 2022 and new gas fields in its home country in February 2022. Saudi Arabian Oil Company (TADAWUL:2222.SR) already produced 9 billion scfd of natural gas in 2019.

Disclosure: None. You can also take a look at 15 Biggest Insurance Companies in the World and Bill Gates’ Current Portfolio: 10 Dividend Stocks.

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