StocksMedium•29 October 2026•
1 min read
Carlos Slim Divests $1.15 Billion in US Energy Stocks PBF and TALO
Key Facts
1Mexican billionaire Carlos Slim sold over $1.15 billion in stakes of PBF Energy and Talos Energy throughout this year.
2Slim cut his holdings in both companies roughly in half, capitalizing on higher crude prices and energy shares driven by the Iran war.
Mexican billionaire Carlos Slim sold over $1.15 billion in stakes of PBF Energy and Talos Energy throughout this year. Reuters reported that Slim cut his holdings in both companies roughly in half, capitalizing on higher crude prices and energy shares driven by the Iran war. The divestments were conducted through Control Empresarial de Capitales, the investment firm he owns with his six children.
PBF closed at $73.28 on October 28, 2026, while TALO closed at $18.21 on the same date. These sales occurred as energy stocks rallied significantly, with Talos Energy hitting a three-year high in October due to Middle East tensions, allowing Slim to lock in profits while maintaining a portfolio value similar to early 2024 levels.