Billionaire’s 15 Favorite Oil and Gas Stocks Right Now

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1. Exxon Mobil Corporation (NYSE:XOM)

Number of Billionaire Holders: 16

Topping our list of the Best Energy Stocks to Buy According to Billionaires is Exxon Mobil Corporation (NYSE:XOM), one of the largest integrated fuels, lubricants, and chemical companies in the world. The company operates facilities or markets products around the globe and explores for oil and natural gas on six continents.

Exxon Mobil Corporation (NYSE:XOM) delivered an industry-leading financial performance in 2024, with $34 billion in earnings and $55 billion in cash flow from operations, its third-highest result in a decade despite softer market conditions. The company is growing at an impressive pace and over the last five years, Exxon has grown its earnings at an annual rate of roughly 30%, while its cash flow has surged at a CAGR of about 15%. The oil and gas giant has no intentions of slowing down and by 2030, the company estimates it can add a further $20 billion in earnings and $30 billion in cash flow.

Growth is expected to come from several new projects in the pipeline. It was announced last week that the Trump administration has extended a permit for exports of liquefied natural gas for the Golden Pass LNG Terminal, jointly owned by Qatar Energy and Exxon Mobil Corporation (NYSE:XOM). The strategic move is a part of President Donald Trump’s pledge to restore the dominance of American energy. The project aims to begin production in late 2025 and will have the capacity to export up to 2.57 billion cubic feet per day of LNG to large markets in Asia and Europe.

Overall, Exxon Mobil Corporation (NYSE:XOM) ranks first on our list of the billionaire’s favorite energy stocks right now. While we acknowledge the potential for XOM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than XOM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

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