#1 - ExxonMobil (NYSE:XOM)
The first stock on this list is ExxonMobil (NYSE:XOM). Investing in oil and gas stocks is fundamentally about supply and demand. So when demand for oil rises, supplies shrink, and oil prices rise. In fact, crude oil prices are one of the primary drivers of inflation. And a rising oil price is one of the hardest to avoid. Even when gas and diesel prices are high, people still need to get from point A to point B.
However, like many traditional fossil fuel companies, ExxonMobil continues to make strategic investments in renewable energy. And with the expectation for more government and private sector money likely to flow into climate technology, ExxonMobil is likely to be a beneficiary.
That would also be bullish for investors in XOM stock. In the five years ending in August 2022, XOM stock has increased by approximately 16%. But the bulk of the rise in share price occurred since 2021. However, even when the stock’s performance has been lackluster those investors have been rewarded with a generous dividend that the company has increased for the last 38 consecutive years.
About Exxon Mobil
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
Read More - Current Price
- $119.64
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $135.00 (12.8% Upside)
