5 Most Profitable Energy Stocks

In this piece, we will take a look at the five most profitable energy stocks. For more stocks, head on over to 11 Most Profitable Energy Stocks.

5. Chevron Corporation (NYSE:CVX)

Trailing Twelve Months Net Income: $35.4 billion

Number of Hedge Fund Holders In Q4 2022: 57

Chevron Corporation (NYSE:CVX) is a diversified American oil and gas company. Headquartered in San Ramon, California, the firm is involved throughout the oil and gas supply chain with a global footprint.

In the midst of a natural gas supply chain shift due to the Russian invasion of Ukraine, Chevron Corporation (NYSE:CVX) has made several discoveries of the precious fuel this year. These include a big find off of the Egyptian coast and a new exploration deal in Algeria. 57 of the 943 hedge funds surveyed by Insider Monkey in Q4 2022 had bought Chevron Corporation (NYSE:CVX)’s shares.

Out of these, Warren Buffett’s Berkshire Hathaway is Chevron Corporation (NYSE:CVX) ‘s largest investor. It owns 162 million shares that are worth $29 billion.