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Top 20 Most Profitable Energy Companies in the World

In this piece, we will take a look at the top twenty most profitable energy companies in the world. To skip our detailed analysis of the energy industry, head on over to Top 5 Most Profitable Energy Companies in the World.

Energy is one of the most important – and one of the most controversial – industries in the modern world. The industry has contributed the most to human development by vast amounts of cheap energy to run airplanes, cars, factories, and homes. At the same time, the costs of generating this power have taken their toll on the environment.

For instance, our study of the most polluting companies in the world shows that the top three firms that have emitted the most carbon dioxide between 1751 and 2018 are oil companies. These firms are Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), and Saudi Arabian Oil Company (TADAWUL:2222.SR) – which are also coincidentally among some of the biggest oil companies in the world.

At the same time, the energy industry saw renewed investor attention and demand last year as the Russian invasion of Ukraine took place. This led to a disruption of the global oil industry and made the Western world in particular focus on non Russian oil sources. In terms of market value, the oil industry is one of the most valuable in the world. For instance, according to research from The Business Research Company, the crude oil market was worth $2.7 trillion in 2022 and will be worth $2.9 trillion in 2023. From this year until 2027 the second is expected to grow at a compounded annual growth rate (CAGR) of 4.6% to sit at $3.4 trillion by the end of the forecast period. The firm believes that this growth will primarily come from the developing world, particularly due to the fast growing economies of India and China. And, ‘coincidentally’. once again, India and China are also two of the three countries with the most carbon dioxide emissions.

Additionally, even though the crude oil industry is worth trillions of dollars, the renewable energy industry is quite lucrative as well. Precedence Research believes that the global renewable energy market was worth $1 trillion in 2022 and is expected to grow at a CAGR of 8.6% until 2030 to be worth an estimated $1.9 trillion by then. Looking at the industry sector wise, the data shows that the solar energy segment will outpace the broader market’s growth through a 13.5% CAGR. These figures are quite telling, as despite being a relatively young industry in terms of global interest, the renewable energy industry is still quite large and is catching up to at least crude oil in terms of market value. Within the industry, there are countless renewable energy stocks that have caught hedge fund attention. The selection depends on different factors, such as cheap, profitable, and overall best renewable energy stocks. Some top cheap renewable energy stocks include Tesla, Inc. (NASDAQ:TSLA), Enphase Energy, Inc. (NASDAQ:ENPH) and NextEra Energy, Inc. (NYSE:NEE). If you’re interested to learn about most profitable renewable energy stocks then the top names are Exxon Mobil Corporation (NYSE:XOM), and Shell plc (NYSE:SHEL), and overall, here are the best renewable energy stocks with the highest number of hedge fund investors.

Getting into the nitty gritty of the renewable energy industry, not only did the coronavirus pandemic nearly upend the global oil supply chain, but the post war shocks also impacted solar and wind power supply chains. According to McKinsey, materials such as polysilicon used to make solar panels and others such as aluminum, steel, and copper often have unpredictable supply chains. Most polysilicon supply originates from China, making it vulnerable to natural disasters and factory incidents – which led to the prices of this crucial raw material growing by a whopping 350% between 2020 and 2022. It adds that the wind turbine industry faced high costs after the Russian invasion of Ukraine since the wind turbine companies did not hedge their material prices. However, despite these constraints, McKinsey also estimates that between 2021 and 2030, planned power generation from solar and wind power projects is slated to grow from 125 gigawatts to 459 gigawatts. Out of these, the bulk will be generated from solar photovoltaic projects (or solar panels as they’re commonly known) and most of the remainder will come from on shore wind projects.

Digging deeper into the countless energy stocks trading on the market, notable cheap energy stocks are PDC Energy, Inc. (NASDAQ:PDCE), Coterra Energy Inc. (NYSE:CTRA), and Marathon Oil Corporation (NYSE:MRO). Interested in dividends? Well, we’ve identified 11 best energy dividend stocks as well, and some best energy stocks overall are Valero Energy Corporation (NYSE:VLO), EOG Resources, Inc. (NYSE:EOG), and ConocoPhillips (NYSE:COP).

However, as the market estimates show, traditional energy is here to stay, and taking a current look at the industry, here’s what the management of Chevron Corporation (NYSE:CVX) had to say during the firm’s latest earnings call:

First quarter oil equivalent production was down about 80,000 barrels per day from last year due to the expiration of a contract in Thailand and the sale of our Eagle Ford asset.

This was partially offset by growth in the Permian. We expect 2023 production growth in the Permian to be back-end loaded as wells put on production, POPs increase across both operated and non-operated areas. We expect our royalty production to be roughly flat. As discussed during our Investor Day, we’re increasing activity in New Mexico. All four company-operated rigs added this year, one each quarter, will be in New Mexico, leading to more POPs expected in the second half of the year and into 2024. We also continue to be active in Texas. Last year, about half of our company-operated production was in the Delaware Basin in Texas with the remainder split about evenly between the Midland Basin and New Mexico. More than half of our non-operated production is with five major operators in large, contiguous positions in core areas with multiyear development programs, where we have visibility to capex and execution schedules and a royalty benefit compared to the operator.

With these details in mind, let’s take a look at some of the most profitable energy companies in the world. Some top names are  Exxon Mobil Corporation (NYSE:XOM), Saudi Arabian Oil Company (TADAWUL:2222.SR), and Shell plc (NYSE:SHEL).

Our Methodology

To compile our list of the most profitable oil companies, we sifted out energy companies with the highest net profits.

Top 20 Most Profitable Energy Companies in the World

20. Ecopetrol S.A. (NYSE:EC)

Latest 12 Month Revenue Estimate: $7.67 billion (1COP = 0.00024USD)

Ecopetrol S.A. (NYSE:EC) is a Colombian company that sells both crude oil and biofuel products. It is based in Bogota, Colombia.

14 of the 943 hedge funds profiled by Insider Monkey had bought Ecopetrol S.A. (NYSE:EC)’s shares in Q1 2023. Its largest shareholder is Paul Marshall and Ian Wace’s Marshall Wace LLP with a $40 million stake.

Along with Saudi Arabian Oil Company (TADAWUL:2222.SR), Exxon Mobil Corporation (NYSE:XOM), and Shell plc (NYSE:SHEL), Ecopetrol S.A. (NYSE:EC) is one of the most profitable energy companies in the world.

19. EOG Resources, Inc. (NYSE:EOG)

Latest 12 Month Revenue Estimate: $7.74 billion

EOG Resources, Inc. (NYSE:EOG) is an American firm that produces and sells crude oil and related products. It was formerly a division of the infamous Enron Corporation.

As of March 2023, 41 of the 943 hedge funds part of Insider Monkey’s database had bought the firm’s shares. EOG Resources, Inc. (NYSE:EOG)’s largest investor is Natixis Global Asset Management’s Harris Associates with an $828 million investment.

18. China Petroleum & Chemical Corporation (SHA:600028.SS)

Latest 12 Month Revenue Estimate: $9.26 billion (1CNY = 0.14USD)

China Petroleum & Chemical Corporation (SHA:600028.SS) is a Chinese firm headquartered in Beijing, China. The firm operates in several stages of oil production, starting from field exploration, development, and production, to refining and distribution. It also provides tertiary services to other oil companies.

17. PJSC LUKOIL (MCX:LKOH.ME)

Latest 12 Month Revenue Estimate: $9.35 billion (1RUB = 0.012USD)

PJSC LUKOIL (MCX:LKOH.ME) is a major Russian energy company. It produces, refines, and transports oil and generates and sells electricity as well.

16. China Shenhua Energy Company Limited (SHA:601088.SS)

Latest 12 Month Revenue Estimate: $9.8 billion (1CNY = 0.14USD)

China Shenhua Energy Company Limited (SHA:601088.SS) is a Chinese coal power company based in Beijing. The firm mines coal and produces power through a variety of sources such as coal, hydroelectric facilities, and natural gas.

15. Public Joint Stock Company Rosneft Oil Company (MCX:ROSN.ME)

Latest 12 Month Revenue Estimate: $10.6 billion (1RUB = 0.012USD)

Public Joint Stock Company Rosneft Oil Company (MCX:ROSN.ME) is one of the largest Russian oil and gas companies. It is headquartered in Moscow, Russia, and has often seen sanctions on key individuals by the U.S. government. Most of Rosneft’s oil exploration facilities are located primarily in Russia, in regions such as Siberia, European Russia, and the Russian Far East.

14. Phillips 66 (NYSE:PSX)

Latest 12 Month Revenue Estimate: $11 billion

Phillips 66 (NYSE:PSX) is an American oil and gas company headquartered in Houston, Texas. Its oil operations include transporting crude oil, refining it, and marketing the final products.

After looking through 943 hedge funds for their first quarter of 2023 investments, Insider Monkey discovered that 37 had bought a stake in Phillips 66 (NYSE:PSX). Out of these, the firm’s largest investor is Jim Simons’ Renaissance Technologies with a $113 million investment.

13. Valero Energy Corporation (NYSE:VLO)

Latest 12 Month Revenue Estimate: $11.5 billion

Valero Energy Corporation (NYSE:VLO) is an oil refining company operating out of Houston, Texas. It also stores and transports petroleum products.

46 of the 943 hedge funds part of Insider Monkey’s database had bought and owned Valero Energy Corporation (NYSE:VLO)’s shares as of Q1 2023. The firm’s largest investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital since it owns 2.1 million shares that are worth $304 million.

12. Occidental Petroleum Corporation (NYSE:OXY)

Latest 12 Month Revenue Estimate: $13.3 billion

Occidental Petroleum Corporation (NYSE:OXY) is an American oil exploration, production, and transportation firm headquartered in Houston, Texas.

81 of the 943 hedge funds profiled by Insider Monkey for their March quarter of 2023 shareholdings had bought Occidental Petroleum Corporation (NYSE:OXY)’s shares. Its largest shareholder is Warren Buffett’s Berkshire Hathaway with a $13 billion stake.

11. Marathon Petroleum Corporation (NYSE:MPC)

Latest 12 Month Revenue Estimate: $14.5 billion

Marathon Petroleum Corporation (NYSE:MPC) distributes, markets, stores, and refines crude oil. The firm is based in Findlay, Ohio.

Insider Monkey dug through 943 hedge funds for their first quarter of 2023 investments and found out that 58 had held a stake in the firm. Paul Singer’s Elliott Management is Marathon Petroleum Corporation (NYSE:MPC)’s largest investor with a $1.4 billion investment.

10. Eni S.p.A. (NYSE:E)

Latest 12 Month Revenue Estimate: $14.73 billion (1EUR = 1.08USD)

Eni S.p.A. (NYSE:E) is an Italian oil and gas company. Apart from selling fuel at the pump, it is involved in nearly every segment of the oil supply chain, from exploration and production to refining and marketing.

After digging through 943 hedge fund portfolios for 2023’s March quarter, Insider Monkey discovered that seven had invested in the firm. Eni S.p.A. (NYSE:E)’s largest hedge fund shareholder in our database is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital with a $67 million stake.

9. ConocoPhillips (NYSE:COP)

Latest 12 Month Revenue Estimate: $18.6 billion

ConocoPhillips (NYSE:COP) is an American oil and gas company that produces crude oil, gas, and related products. It was set up in 1917 and is based in Houston, Texas.

72 of the 943 hedge funds part of Insider Monkey’s database had held a stake in ConocoPhillips (NYSE:COP) during 2023’s first quarter. ConocoPhillips (NYSE:COP)’s largest investor is Boykin Curry’s Eagle Capital Management with a $786 million investment.

8. TotalEnergies SE (NYSE:TTE)

Latest 12 Month Revenue Estimate: $20.5 billion

TotalEnergies SE (NYSE:TTE) is one of the biggest energy companies in the world. It operates from the field to the pump, extracting, refining, and selling oil along the way.

Insider Monkey dug through 943 hedge funds for their March quarter of 2023 investments to find out that 19 had bought TotalEnergies SE (NYSE:TTE)’s shares. Ken Fisher’s Fisher Asset Management is its largest shareholder with a $1.1 billion investment.

7. PetroChina Company Limited (SHA:601857.SS)

Latest 12 Month Revenue Estimate: $20.9 billion (1CNY = 0.14USD)

PetroChina Company Limited (SHA:601857.SS) is a diversified energy company that explores, produces, transports, refines, and sells oil and gas products. It is based in Beijing, China

6. Public Joint Stock Company Gazprom (MCX:GAZP.ME)

Latest 12 Month Revenue Estimate: $24 billion (1RUB = 0.012USD)

Public Joint Stock Company Gazprom (MCX:GAZP.ME) is one of the largest gas companies in the world. It is responsible for producing and selling a vast chunk of Russia’s natural gas, making it one of the biggest energy companies in the world.

Exxon Mobil Corporation (NYSE:XOM), Public Joint Stock Company Gazprom (MCX:GAZP.ME), Saudi Arabian Oil Company (TADAWUL:2222.SR), and Shell plc (NYSE:SHEL) are some of the most profitable oil companies in the world.

Click to continue reading and see Top 5 Most Profitable Energy Companies in the World.

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Disclosure: None. All investment decisions should be made after consulting a qualified professional. Top 20 Most Profitable Energy Companies in the World is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!