Top Energy Stocks by Net Income
Top energy companies ranked by net income, latest annual filings.
What Net Income Means for Energy Companies
Net income in energy lives and dies by the commodity cycle. Producers booking profit during a price upswing can swing to losses when the same barrels realize meaningfully lower prices, and reported earnings often carry large impairments when reserves are rewritten at lower price decks. Because of this, any single year's profit figure tells you more about the cycle than about the quality of the underlying operation.
Why It Matters Less in Energy
Firms that preserve low breakeven economics and disciplined capital allocation generate profit across a wider range of price environments, which is the real durability signal in the sector. Still, reserve writedowns, hedge gains and losses, and asset sales can swing reported earnings violently without changing operating reality. Multi-year averages across at least one commodity cycle give a far more honest read than any single annual figure.
What to Read Alongside
Read net income alongside Free Cash Flow to see the cash remaining after drilling and development, Capital Expenditures for the reserve replacement spending that shapes future production, and Return on Equity for through-cycle capital efficiency.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | XOM | ExxonMobil Holdings Corporation | Energy | $28.84B | $682.54B |
| 2 | PBR | Petróleo Brasileiro S.A. - Petrobras | Energy | $19.72B | $136.62B |
| 3 | SHEL | Shell plc | Energy | $18.12B | $276.70B |
| 4 | TTE | TotalEnergies SE | Energy | $13.36B | $203.06B |
| 5 | CVX | Chevron Corporation | Energy | $12.30B | $419.90B |
| 6 | COP | ConocoPhillips | Energy | $7.99B | $165.00B |
| 7 | LNG | Cheniere Energy, Inc. | Energy | $6.79B | $57.49B |
| 8 | EPD | Enterprise Products Partners L.P. | Energy | $5.81B | $84.00B |
| 9 | EQNR | Equinor ASA | Energy | $5.06B | $106.26B |
| 10 | EOG | EOG Resources, Inc. | Energy | $4.98B | $77.29B |
| 11 | MPLX | MPLX LP | Energy | $4.95B | $60.67B |
| 12 | ET | Energy Transfer LP | Energy | $4.43B | $74.20B |
| 13 | PSX | Phillips 66 | Energy | $4.40B | $103.53B |
| 14 | MPC | Marathon Petroleum Corporation | Energy | $4.05B | $111.19B |
| 15 | OKE | ONEOK, Inc. | Energy | $3.39B | $60.91B |
| 16 | SLB | SLB N.V. | Energy | $3.37B | $83.19B |
| 17 | KMI | Kinder Morgan, Inc. | Energy | $3.06B | $68.72B |
| 18 | CQP | Cheniere Energy Partners, L.P. | Energy | $2.99B | $32.79B |
| 19 | WDS | Woodside Energy Group Ltd | Energy | $2.74B | $45.04B |
| 20 | VG | Venture Global, Inc. | Energy | $2.73B | $39.50B |
| 21 | DVN | Devon Energy Corporation | Energy | $2.64B | $55.25B |
| 22 | WMB | The Williams Companies, Inc. | Energy | $2.62B | $89.11B |
| 23 | BKR | Baker Hughes Company | Energy | $2.59B | $58.63B |
| 24 | OXY | Occidental Petroleum Corporation | Energy | $2.37B | $61.44B |
| 25 | VLO | Valero Energy Corporation | Energy | $2.35B | $112.41B |
| 26 | EQT | EQT Corporation | Energy | $2.04B | $33.82B |
| 27 | TS | Tenaris S.A. | Energy | $1.97B | $28.97B |
| 28 | TRGP | Targa Resources Corp. | Energy | $1.92B | $62.24B |
| 29 | EXE | Expand Energy Corporation | Energy | $1.82B | $21.95B |
| 30 | PAA | Plains All American Pipeline, L.P. | Energy | $1.77B | $18.42B |
| 31 | PAGP | Plains GP Holdings, L.P. | Energy | $1.77B | $5.54B |
| 32 | CTRA | Coterra Energy Inc. | Energy | $1.72B | $24.72B |
| 33 | FANG | Diamondback Energy, Inc. | Energy | $1.55B | $57.40B |
| 34 | APA | APA Corporation | Energy | $1.43B | $15.67B |
| 35 | BP | BP p.l.c. | Energy | $1.29B | $118.73B |
| 36 | HAL | Halliburton Company | Energy | $1.28B | $29.86B |
| 37 | OVV | Ovintiv Inc. | Energy | $1.24B | $17.62B |
| 38 | WES | Western Midstream Partners, LP | Energy | $1.18B | $20.26B |
| 39 | VAL | Valaris Limited | Energy | $0.98B | $5.81B |
| 40 | FTI | TechnipFMC plc | Energy | $0.96B | $29.94B |
| 41 | CIVI | Civitas Resources, Inc. | Energy | $0.84B | $2.34B |
| 42 | MTDR | Matador Resources Company | Energy | $0.76B | $7.56B |
| 43 | VIST | Vista Energy, S.A.B. de C.V. | Energy | $0.72B | $8.44B |
| 44 | AR | Antero Resources Corporation | Energy | $0.68B | $11.81B |
| 45 | RRC | Range Resources Corporation | Energy | $0.66B | $9.62B |
| 46 | SM | SM Energy Company | Energy | $0.65B | $9.06B |
| 47 | CNX | CNX Resources Corporation | Energy | $0.63B | $5.31B |
| 48 | DINO | HF Sinclair Corporation | Energy | $0.58B | $19.17B |
| 49 | SUN | Sunoco LP | Energy | $0.53B | $14.63B |
| 50 | KNTK | Kinetik Holdings Inc. | Energy | $0.53B | $4.40B |
| 51 | NFG | National Fuel Gas Company | Energy | $0.52B | $7.70B |
| 52 | TPL | Texas Pacific Land Corporation | Energy | $0.48B | $25.46B |
| 53 | DTM | DT Midstream, Inc. | Energy | $0.44B | $13.15B |
| 54 | SOBO | South Bow Corporation | Energy | $0.43B | $7.51B |
| 55 | WFRD | Weatherford International plc | Energy | $0.43B | $6.35B |
| 56 | GPOR | Gulfport Energy Corporation | Energy | $0.43B | $3.06B |
| 57 | AM | Antero Midstream Corporation | Energy | $0.42B | $10.47B |
| 58 | CRK | Comstock Resources, Inc. | Energy | $0.40B | $4.34B |
| 59 | FRO | Frontline plc | Energy | $0.38B | $10.96B |
| 60 | PARR | Par Pacific Holdings, Inc. | Energy | $0.37B | $4.24B |
| 61 | CRC | California Resources Corporation | Energy | $0.36B | $5.04B |
| 62 | OII | Oceaneering International, Inc. | Energy | $0.35B | $5.08B |
| 63 | HESM | Hess Midstream LP | Energy | $0.35B | $5.13B |
| 64 | TNK | Teekay Tankers Ltd. | Energy | $0.35B | $3.50B |
| 65 | STNG | Scorpio Tankers Inc. | Energy | $0.34B | $4.23B |
| 66 | DEC | Diversified Energy Company | Energy | $0.34B | $1.05B |
| 67 | TDW | Tidewater Inc. | Energy | $0.33B | $4.63B |
| 68 | MGY | Magnolia Oil & Gas Corporation | Energy | $0.33B | $6.58B |
| 69 | AROC | Archrock, Inc. | Energy | $0.32B | $5.75B |
| 70 | ARLP | Alliance Resource Partners, L.P. | Energy | $0.31B | $3.41B |
| 71 | INSW | International Seaways, Inc. | Energy | $0.31B | $5.13B |
| 72 | BSM | Black Stone Minerals, L.P. | Energy | $0.30B | $3.19B |
| 73 | BWLP | BW LPG Limited | Energy | $0.29B | $3.82B |
| 74 | NBR | Nabors Industries Ltd. | Energy | $0.29B | $1.38B |
| 75 | TRMD | TORM plc | Energy | $0.29B | $3.59B |
| 76 | NE | Noble Corporation plc | Energy | $0.22B | $7.23B |
| 77 | DHT | DHT Holdings, Inc. | Energy | $0.21B | $3.55B |
| 78 | LPG | Dorian LPG Ltd. | Energy | $0.19B | $2.36B |
| 79 | BKV | BKV Corporation | Energy | $0.18B | $2.65B |
| 80 | DKL | Delek Logistics Partners, LP | Energy | $0.18B | $3.29B |
| 81 | EE | Excelerate Energy, Inc. | Energy | $0.17B | $1.21B |
| 82 | WHD | Cactus, Inc. | Energy | $0.17B | $4.85B |
| 83 | TEN | Tsakos Energy Navigation Limited | Energy | $0.16B | $1.44B |
| 84 | REPX | Riley Exploration Permian, Inc. | Energy | $0.16B | $0.96B |
| 85 | LBRT | Liberty Energy Inc. | Energy | $0.15B | $3.42B |
| 86 | NOV | NOV Inc. | Energy | $0.14B | $7.52B |
| 87 | MNR | Mach Natural Resources LP | Energy | $0.14B | $2.10B |
| 88 | CMBT | Cmb.Tech NV | Energy | $0.14B | $5.65B |
| 89 | NRP | Natural Resource Partners L.P. | Energy | $0.14B | $1.47B |
| 90 | CRGY | Crescent Energy Company | Energy | $0.13B | $4.84B |
| 91 | VTOL | Bristow Group Inc. | Energy | $0.13B | $1.27B |
| 92 | USAC | USA Compression Partners, LP | Energy | $0.11B | $4.01B |
| 93 | MUR | Murphy Oil Corporation | Energy | $0.10B | $5.52B |
| 94 | NVGS | Navigator Holdings Ltd. | Energy | $0.10B | $1.42B |
| 95 | KRP | Kimbell Royalty Partners, LP | Energy | $0.10B | $1.50B |
| 96 | CLCO | Cool Company Ltd. | Energy | $0.10B | $0.51B |
| 97 | TK | Teekay Corporation Ltd. | Energy | $0.10B | $1.26B |
| 98 | GLP | Global Partners LP | Energy | $0.10B | $1.79B |
| 99 | INVX | Innovex International, Inc. | Energy | $0.08B | $2.11B |
| 100 | KGS | Kodiak Gas Services, Inc. | Energy | $0.08B | $6.46B |
No companies match this search.
How this ranking is built
Companies are ranked by net income as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Size floor: A company qualifies at $500 million in market cap or above. Below that, one mis-stated figure outranks the companies the list is about.
- Currency check: A company whose annual revenue runs above 15 times its market cap is left out, because at that gap the two figures are not in the same currency.
- Currency check: A company whose balance sheet runs above 150 times its market cap is left out for the same reason.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.