15 Best Large Cap Energy Stocks to Buy According to Hedge Funds

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3. Exxon Mobil Corporation (NYSE:XOM)

No. of Hedge Fund Holders: 94

Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world. The company operates facilities and markets products around the globe and explores for oil and natural gas on six continents.

An absolute behemoth of the global oil and gas industry, Exxon Mobil Corporation (NYSE:XOM) is expected to not only survive but thrive during the current plunge in global crude prices, thanks primarily to its financial discipline. The company is transforming itself to become even more efficient and expects to drop its breakeven price to only $35 per barrel of Brent crude oil by 2027 and further to $30 per barrel by 2030. Exxon has taken an impressive $12.7 billion of structural cost out of the business since 2019, and expects to jack this number up to $18 billion by 2030.

Exxon Mobil Corporation (NYSE:XOM) has a reputation for being a big money generator, delivering an industry-leading $13 billion in cash flow from operations in Q1 2025, while its free cash flow came in at $8.8 billion. The company is also known for its commitment to shareholders, having raised its payouts for 42 consecutive years. Exxon distributed $9.1 billion to shareholders in the first quarter despite the tough industry conditions, and announced plans to repurchase $20 billion in stock in 2025 and 2026.

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