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5 Reasons to Buy and Hold Exxon Mobil For 2024

Thomas Hughes
Written by Thomas Hughes
October 5, 2023

Key Points

  • Exxon Mobil's price begins to correct as oil prices fall, but this is not the time to sell. 
  • Energy prices will trend higher given the supply-demand imbalance. 
  • Robust cash flows allow Exxon to pay dividends and whittle down its debt. 
  • Five stocks we like better than Exxon Mobil.

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Should You Invest $1,000 in Exxon Mobil Right Now?

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While Exxon Mobil currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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Thomas Hughes
About The Author

Thomas Hughes

Contributing Author

Technical and Fundamental Analysis

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Exxon Mobil (XOM)
4.8817 of 5 stars		$104.92-3.2%3.77%13.38Moderate Buy$126.50
Energy Select Sector SPDR Fund (XLE)N/A$80.12-3.2%3.57%14.24Moderate Buy$80.03
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