XOM - one of the top energy stocks for the next few years

6 janv. 2022

Holy cow...ExxonMobil is on a roll!

The stock price has been continuously rising (with a few intermittent dips) from a long term standpoint since the March 2020 crash...I think that's likely due to the company's higher amount of transparency in regards to its peers. I'm specifically referring to its 2030 promise of Net-Zero Permian emissions, its continued investment into algae biofuels when competitors like Chevron CVX gave up, and its open support of the Paris agreement despite any ulterior motives Darren Woods and co. may have. I also credit, to a lesser degree, the view that ExxonMobil may be the greenest descendant of Rockefeller's Standard Oil because of Engine No. 1's victory and the continued growth and impact of the new Coalition United for a Responsible Exxon (CURE), as well as how the public may not necessarily have the best view of Chevron due to the Steven Donziger incidents.

ExxonMobil' dividend being higher than Chevron, BP BP, ConocoPhillips COP, and Royal Dutch Shell BCBA:RDS on a percentage basis also gives me confidence. I fear that regulations from the governments in their respective countries will likely hamper the progress of PetroChina NYSE:PTR, BP and Shell. The only other oil company that may have better dividends than ExxonMobil and also is an established American company is Sunoco SUN, but I am not seeing too much potential with them, although I will reconsider my position.

Overall, ExxonMobil is likely the top major energy stock for the next few years and the one making the most developments; I won't be surprised if ExxonMobil becomes big enough for another large oil merger, especially if "Chexxon" becomes a thing.