5 Most Profitable Oil Stocks in the World

2. 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 American company that is also the world’s largest non state-owned oil company in terms of revenue. It is headquartered in Irving, Texas.

Exxon Mobil Corporation (NYSE:XOM) halted gas flaring in the Permian Basin in January 2023, as part of a push to environmental sustainability that has also seen the firm looking to launch its own satellite to monitor methane concentrations in the area. Insider Monkey’s Q3 2022 survey of 920 hedge funds revealed that 75 had held a stake in the company.

Rajiv Jain’s GQG Partners is Exxon Mobil Corporation (NYSE:XOM)’s largest investor with a $2.9 billion stake that comes via 33 million shares.

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