5 Most Profitable European Stocks

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1. Shell plc (NYSE:SHEL)

Trailing Twelve Months Net Income: $42 billion

Number of Hedge Fund Holders In Q3 2022: 39

Shell plc (NYSE:SHEL) is another large oil company. Based in the U.K., the firm explores, produces, refines, transports, and sells oil and gas products all over the globe.

Shell plc (NYSE:SHEL)’s full year 2022 results saw the firm post a record net profit of $42 billion, as it benefited from the rising oil prices last year. Insider Monkey’s third quarter of 2022 survey covering 920 hedge funds revealed that 39 had owned the company’s shares.

Ken Fisher’s Fisher Asset Management is Shell plc (NYSE:SHEL)’s largest hedge fund investor with a $1 billion stake that comes via 20 million shares.

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Disclosure: None. You can also take a peek at 15 Best Cybersecurity Stocks To Buy and 15 Biggest Chinese State-Owned Companies.

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