12 Best Large Cap Energy Stocks to Buy Now

8. Shell plc (NYSE:SHEL)

Number of Hedge Fund Holders: 43

Shell plc (NYSE:SHEL) is an integrated energy company with operations spanning exploration, production, refining, marketing, and chemical manufacturing, alongside growing investments in biofuels and hydrogen.

Shell plc (NYSE:SHEL) announced on March 9 that it had agreed to sell Jiffy Lube International and its subsidiary Premium Velocity Auto (PVA) to an affiliate of Monomoy ‌Capital Partners for $1.3 billion. The strategic move comes as the company continues to divest non-core assets while seeking to focus ⁠on higher-return businesses. The transaction is expected to close in the second half of 2026.

Jiffy Lube operates over 2,000 service centers across the US, as well as additional licensees in Canada, while PVA boasts over 360 locations across 20 states. Shell plc (NYSE:SHEL) will also enter into a long-term lubricants supply arrangement with Monomoy as part of the deal, ensuring that Jiffy Lube locations continue to use Shell products after the sale.

Machteld de Haan, President, Downstream, Renewables, and Energy Solutions at Shell plc (NYSE:SHEL), commented:

“By capitalizing on a strong market opportunity, this divestment allows us to monetize an asset that is not central to Shell’s lubricant’s portfolio in the US and reinvest in opportunities that generate higher returns.”

Shell plc (NYSE:SHEL) was recently included in our list of the 12 Best Undervalued Stocks to Invest in Right Now.