5 Most Profitable Large Cap Stocks to Buy

4. Exxon Mobil Corporation (NYSE:XOM)

Trailing Twelve Months Net Income: $55.7 billion

Number of Hedge Fund Holders In Q3 2022: 75

Exxon Mobil Corporation (NYSE:XOM) is an oil supermajor and the largest non government oil company in the world. The firm explores, refines, produces, and transports crude oil and petroleum products.

Exxon Mobil Corporation (NYSE:XOM) made a surprising announcement in February 2023 when it was revealed that the firm is quietly reducing its stake in algae based biofuel investments. 75 of the 920 hedge funds polled by Insider Monkey had owned a stake in the company during Q3 2022.

Exxon Mobil Corporation (NYSE:XOM)’s largest investor is Rajiv Jain’s GQG Partners which owns 33 million shares that are worth $2.9 billion.

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