Published on 7 Apr 2024 on Insider Monkey via Yahoo Finance
25 Richest Billionaires in Energy Industry
In this article, we discuss the 25 richest billionaires in energy industry. To skip the detailed analysis of the energy industry, go directly to the 5 Richest Billionaires in Energy Industry.
Global Energy Industry Outlook
The global energy industry is widespread across two major segments including renewable and non-renewable energy. The energy sector is gaining momentum following a slowdown during the COVID-19 lockdown. In 2022, the energy stocks saw some of the biggest gains following an increase in oil prices which was driven by the Russian invasion of Ukraine, leaving global energy supply chains upended. This began when Europe started to limit its imports of Russian fuel, creating pressure on Russia to stop the war. Companies such as Cheniere Energy, Inc. (NYSE:LNG) got the opportunity to penetrate the European market as an alternative to Russian energy suppliers including Public Joint Stock Company Gazprom (MCX:GAZP) and Public Joint Stock Company Rosneft Oil Company (MCX:ROSN), among others.