5 Most Profitable Energy Stocks

3. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Latest TTM Net Income: $26.8 billion

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is the Brazilian state owned oil and gas giant that plays a crucial role in the country’s economy and politics. These days, it is on the radar of airlines, who have asked the firm to reduce jet fuel prices as the global oil market cools down.

During 2023’s third quarter, 36 out of the 910 hedge funds tracked by Insider Monkey owned Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s shares. Rajiv Jain’s GQG Partners was the largest shareholder through its $3.1 billion investment.

Follow Petroleo Brasileiro Sa Petrobras (NYSE:PBR)