#2 - ExxonMobil (NYSE:XOM)
There’s little doubt that the world is committed to investing in renewable energy. But that doesn’t mean there’s no room for traditional oil and gas stocks in your portfolio. And if you’re going to include just one, ExxonMobil (NYSE:XOM) is a solid choice.
First, the world will need fossil fuels to build out a new energy infrastructure. And second, many old-line oil and gas companies continue to actively invest in renewable energy. ExxonMobil is no different. One of its investments is in renewable diesel, which is becoming of increasing importance as diesel fuel supplies dwindle across the world.
And ExxonMobil just delivered a strong quarter, with net earnings coming in at a record $19.66 billion. That comes out to $4.14 per share on revenue of $115.68 billion. XOM stock is up 71% in 2022 as of this writing. However, oil and gas stocks are notoriously cyclical. To help offset that, ExxonMobil is a dividend aristocrat that has increased its dividend for 39 consecutive years and has a dividend yield of over 3%.
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
- $105.87
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $128.74 (21.6% Upside)
