5 Most Profitable Oil Stocks in the World

4. TotalEnergies SE (NYSE:TTE)

Trailing Twelve Months Net Income: $36.2 billion

Number of Hedge Fund Holders In Q3 2022: 22

TotalEnergies SE (NYSE:TTE) is a French oil and gas company. Like Chevron, it is also involved in the entire oil supply chain, from the field to the consumer’s tank. The firm is based in Courbevoie, France.

TotalEnergies SE (NYSE:TTE) stunned investors in February 2023 when it announced that it had earned an all time record profit of $36.2 billion – profiting particularly due to high European energy inflation. Insider Monkey’s third quarter of 2022 survey of 920 hedge funds saw 22 investors in the company.

Ken Fisher’s Fisher Asset Management is TotalEnergies SE (NYSE:TTE)’s largest investor with a $1 billion stake that comes via 23 million shares.

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