Top 5 Most Profitable Energy Companies in the World

2. Exxon Mobil Corporation (NYSE:XOM)

Latest 12 Month Revenue Estimate: $55.7 billion

Exxon Mobil Corporation (NYSE:XOM) is the world’s largest private oil company in terms of market capitalization and net profit. Like other large and diversified oil companies on our list, it has operations from the field to the pump. Exxon Mobil Corporation (NYSE:XOM) operates its own refineries, its own oil fields, has its own distribution networks, and sells fuel through its stations as well. The firm was set up in 1870 and is headquartered in Irving, Texas.

73 of the 943 hedge funds part of Insider Monkey’s database had invested in Exxon Mobil Corporation (NYSE:XOM) as of March 2023. Rajiv Jain’s GQG Partners is its largest shareholder since it owns 19.5 million shares that are worth $2.1 billion.