5 Most Profitable Oil Stocks in the World

In this piece, we will take a look at the five most profitable oil stocks in the world. For more companies, head on over to 12 Most Profitable Oil Stocks in the World.

5. Chevron Corporation (NYSE:CVX)

Trailing Twelve Months Net Income: $35.4 billion

Number of Hedge Fund Holders In Q3 2022: 66

Chevron Corporation (NYSE:CVX) is an American oil giant. It operates from the field to the pump, as not only does the company produce oil, but it also refines, transports, and sells it to everyday consumers. Chevron Corporation (NYSE:CVX) is headquartered in San Ramon, California.

After coming under criticism for operating in Myanmar – a country ruled by a military junta – Chevron Corporation (NYSE:CVX)  announced in February 2023 that it is selling its interest in the country. 66 of the 920 hedge funds polled by Insider Monkey during Q3 2022 had held a stake in the firm.

Chevron Corporation (NYSE:CVX)’s largest investor is Warren Buffett’s Berkshire Hathaway which owns 165 million shares that are worth $23 billion.