12 Best Energy Stocks to Buy According to Billionaire Ken Fisher

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1. Exxon Mobil Corporation (NYSE:XOM)

Fisher Asset Management’s Stake: $3.2 billion

Number of Hedge Fund Holders: 104

Exxon Mobil Corporation (NYSE:XOM) engages in the production, trade, transportation, and sale of crude oil, natural gas, petroleum products, petrochemicals, and specialized goods. The company is also involved in low-emission technologies.

Exxon Mobil Corporation (NYSE:XOM) reported $83.4 billion in revenue for the fourth quarter of 2024, a tiny 1.1% decrease from the previous year. The company also earned $55 billion in free cash flow, while total free cash flow for the year came in at $36.2 billion, with $16.7 billion distributed through dividends. Moreover, the company achieved a production record with Heritage ExxonMobil and Pioneer holdings in the Permian Basin, with output expected to increase from 1.5 million oil-equivalent barrels per day at the end of 2024 to 2.3 million barrels per day by 2030.

Looking forward, Exxon Mobil Corporation (NYSE:XOM) intends to launch several major projects in the following years, with the goal of generating more than $3 billion in earnings by 2026. With a long-term commitment on optimizing its asset portfolio, the company anticipates advantaged assets to account for 60% of its Upstream output by 2030.

While we acknowledge the potential of XOM as an investment, our conviction lies in the belief that certain 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  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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