5 Most Profitable Energy Stocks

3. Shell plc (NYSE:SHEL)

Trailing Twelve Months Net Income: $42.3 billion

Number of Hedge Fund Holders In Q4 2022: 40

Shell plc (NYSE:SHEL) is a British oil company that was the largest oil company in the world in the early 1900s. The firm was also the first to transport liquefied natural gas (LNG) by the sea in 1964.

Shell plc (NYSE:SHEL) might be on its way to discovering a natural gas goldmine in Pensacola, Florida as its drilling partner in the North Sea believes that the reserves can be as much as 350 billion cubic feet. As part of their December quarter of 2022 investments, 40 of the 943 hedge funds surveyed by Insider Monkey had invested in the firm.

Shell plc (NYSE:SHEL)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 21 million shares that are worth $1.2 billion.

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