Exxon Mobil’s Second Act

Summary:

  • Exxon Mobil Corporation plans to become a leading supplier of lithium for electric vehicles by acquiring land in Arkansas.
  • Demand for lithium is expected to triple by the end of the decade, presenting a $40 billion market opportunity.
  • Exxon Mobil’s core business remains strong, with plans to increase production and generate strong cash flow.

Electric car power charging.

UniqueMotionGraphics

Exxon Mobil Corporation (NYSE: NYSE:XOM) aka ExxonMobil just announced its planned second act. The company’s goal is to become a leading supplier for lithium in electric vehicles. It’s begun that second act by slowly acquiring 120 thousand acres


Analyst’s Disclosure: I/we have a beneficial long position in the shares of XOM 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.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


You Only Get 1 Chance To Retire, Join The #1 Retirement Service

The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns. 

Recommendations from a top 0.2% TipRanks author!

Retirement is complicated and you only get once chance to do it right. Don’t miss out because you didn’t know what was out there.

Only 4% of Americans Are Taking Advantage of This Smart Retirement Move |  The Motley Fool

We provide:

  • Model portfolios to generate high retirement cash flow. 
  • Deep-dive actionable research.
  • Recommendation spreadsheets and option strategies.  

Click for our discounted 2-week free trial!

Leave a Reply

Your email address will not be published. Required fields are marked *