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Mexico’s Richest Man Sells $1.15 Billion in Oil Stocks

Source: OilPrice.com · Oct 29, 2026 17:30 UTC

The Quick Take

Carlos Slim has sold more than $1.15 billion of U.S. oil stocks this year as the Iran war sends crude prices and energy shares higher. The Mexican billionaire has cut his stakes in PBF Energy and Talos Energy roughly in half, yet the shares he still owns are worth about $1.4 billion—roughly what his holdings were worth in January. Much of his estimated $124 billion fortune is tied to telecommunica

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