![]() ![]() With top-tier assets and operations, Exxon is a reliable choice for long-term investors. ![]() The company also maintains a solid dividend track record, raising its payout for 40 consecutive years as a Dividend Aristocrat. With attractive valuation metrics, trading at low earnings multiples and producing substantial free cash flow, Exxon offers an appealing investment opportunity. While the majority of Exxon’s assets are in the U.S., it generates the majority of its profits internationally. By focusing on financing its most profitable projects in lucrative regions, the company achieved record-breaking profits of $55.7 billion last year. Today’s oil stocks, including Exxon Mobil, are distinct from their predecessors, offering different investment prospects.Įxxon Mobil has delivered strong returns over the past decade, outperforming the broader market index. Exxon Mobil, the world’s largest non-government energy company with a rich history dating back to 1870, has evolved over time. As a result, energy stocks, such as Exxon Mobil (NYSE: XOM), offer stability to investment portfolios. ![]() The abundance of supply, driven by horizontal drilling and hydraulic fracturing, has made the United States the largest oil producer globally, surpassing Saudi Arabia and Russia. The concept of “peak oil” has become less relevant thanks to technological advancements in the energy industry. With a remarkable return on invested capital of 22.34%, outperforming the industry average, OXY is an excellent choice for a portfolio of Warren Buffett stocks. Occidental has surpassed production expectations and maintains disciplined spending, resulting in a strong net margin of 24.58%. The average analyst price target for this top energy stock currently sits at $68.96, indicating potential gains of around 20% for investors willing to jump in. However, there’s strong consensus that shares of OXY stock are undervalued here. That is to say, the company’s rather small dividend yield of only 1.2% isn’t going to get many investors out of bed. Notably, Occidental’s surge in free cash flow and commitment to share buybacks contribute to its appeal. OXY’s commitment to sustainable innovations and strong operations in key oil production regions contributes to its enduring market share.īuffett seized the opportunity to invest in OXY when its stock price dipped below $60. Occidental Petroleum (NYSE: OXY) gains traction among institutional investors, including Warren Buffett, who holds over 200 million shares valued at $13 billion. ![]()
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