Exxon Mobil: Still Got Fuel To Rally


  • Exxon Mobil is very well positioned to continue benefiting from current energy supercycle by being very efficient in its expenditures, both operating and capital.
  • In the past, the company has generated profits even when crude oil prices were low thanks to strong management. Dividends were paid consistently even during shocks in crude oil prices.
  • Management is confident in nearest future: buyback pace to accelerate from $15 bln per year to $17.5 bln.
  • My DDM valuation suggests the stock has an upside potential.
ExxonMobil"s Baton Rouge Refinery, Louisiana, USA


Investment thesis

Exxon Mobil (NYSE:XOM) demonstrated record breaking financial results for FY 2022 by being well-prepared and positioned for a massive rally in crude oil prices during last year. I believe XOM stock is still attractively valued given strong energy

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

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