5 Most Profitable Energy Stocks

In this piece, we will take a look at the five most profitable energy stocks. For more stocks, head on over to 11 Most Profitable Energy Stocks.

5. Chevron Corporation (NYSE:CVX)

Trailing Twelve Months Net Income: $35.4 billion

Number of Hedge Fund Holders In Q4 2022: 57

Chevron Corporation (NYSE:CVX) is a diversified American oil and gas company. Headquartered in San Ramon, California, the firm is involved throughout the oil and gas supply chain with a global footprint.

In the midst of a natural gas supply chain shift due to the Russian invasion of Ukraine, Chevron Corporation (NYSE:CVX) has made several discoveries of the precious fuel this year. These include a big find off of the Egyptian coast and a new exploration deal in Algeria. 57 of the 943 hedge funds surveyed by Insider Monkey in Q4 2022 had bought Chevron Corporation (NYSE:CVX)’s shares.

Out of these, Warren Buffett’s Berkshire Hathaway is Chevron Corporation (NYSE:CVX) ‘s largest investor. It owns 162 million shares that are worth $29 billion.

4. TotalEnergies SE (NYSE:TTE)

Trailing Twelve Months Net Income: $36.2 billion

Number of Hedge Fund Holders In Q4 2022: 21

TotalEnergies SE (NYSE:TTE) is a French petroleum company. It has operations all over the world, including a production base in Iran, in the South Pars gas field, which is the largest of its kind in the world.

Commenting on the U.S. Inflation Reduction Act (IRA) which seeks to stimulate renewable energy investments, TotalEnergies SE (NYSE:TTE)’s CEO asserted in February 2023 that Europe needs to pass a similar bill. Insider Monkey took a look at 943 hedge fund portfolios for last year’s fourth quarter and found out that 21 had invested in the company.

TotalEnergies SE (NYSE:TTE)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management which owns 23 million shares worth $1.4 billion.

3. Shell plc (NYSE:SHEL)

Trailing Twelve Months Net Income: $42.3 billion

Number of Hedge Fund Holders In Q4 2022: 40

Shell plc (NYSE:SHEL) is a British oil company that was the largest oil company in the world in the early 1900s. The firm was also the first to transport liquefied natural gas (LNG) by the sea in 1964.

Shell plc (NYSE:SHEL) might be on its way to discovering a natural gas goldmine in Pensacola, Florida as its drilling partner in the North Sea believes that the reserves can be as much as 350 billion cubic feet. As part of their December quarter of 2022 investments, 40 of the 943 hedge funds surveyed by Insider Monkey had invested in the firm.

Shell plc (NYSE:SHEL)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 21 million shares that are worth $1.2 billion.

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.

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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