5 Most Profitable Oil Stocks in the World

3. Shell plc (NYSE:SHEL)

Trailing Twelve Months Net Income: $42.3 billion

Number of Hedge Fund Holders In Q3 2022: 39

Shell plc (NYSE:SHEL) is a British oil and gas company. It produces and sells nearly every kind of petroleum product, from crude oil to liquefied natural gas and is headquartered in London.

The case of a rather curious lawsuit against Shell plc (NYSE:SHEL) moved forward in February 2023 when a suit targeting its management for climate mismanagement was backed by a group of British, French, Belgian, and Danish pension and asset management funds. Insider Monkey’s September quarter survey of 920 hedge funds outlined that 39 had held Shell plc (NYSE:SHEL)’s shares.

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

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