Exxon Mobil: Bullish Fundamentals Vs. High Price


  • Exxon has almost doubled in a year.
  • The oil/gas situation is bullish, but XOM may be fully discounting it.
  • I’ve changed my long position into a less aggressive short option position.
  • Keep some dry powder in this sector for a bout of long liquidation.

Mobil gas and service station. ExxonMobil is the world"s largest oil, petrol and gas company.

jetcityimage/iStock Editorial via Getty Images

On July 30, 2021, I wrote a bullish article on (NYSE:XOM). This generated a lot of page views (for me anyway, since I usually write about off the run investments). It was also timed well; XOM

oil investment


oil investment by group


opex vs. world oil

Exxon, IEA

cumulative alpha of xom

author’s calculations

OXY cumulative alpha

author’s calculation

Disclosure: I/we have a beneficial long position in the shares of XOM, OXY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: My long position is via options

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