5 Most Profitable European Stocks

2. TotalEnergies SE (NYSE:TTE)

Trailing Twelve Months Net Income: $36 billion

Number of Hedge Fund Holders In Q3 2022: 22

TotalEnergies SE (NYSE:TTE) is one of the largest oil companies in the world. The firm is a diversified energy company, with operations from the well to the pump. It was set up in 1924 and is headquartered in France, and has billions of barrels of proven oil reserves.

TotalEnergies SE (NYSE:TTE) was the latest oil company that bathed in record profit after the Russian invasion of Ukraine. While the firm had reported $16 billion in profit by 2021 end, in 2022, it ended up earning $36 billion. 22 of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had bought its shares.

TotalEnergies SE (NYSE:TTE)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 23 million shares that are worth $1 billion.

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