ExxonMobil and Oil Majors Embrace the New Energy Revolution: What it Means to Investors
Recent news that oil major ExxonMobil (NYSE: XOM) purchased drilling rights in the potentially lithium-rich Smackover formulation in Arkansas is more symbolic than game changing right now. Still, symbols matter, and the move highlights an investment case for exploration- and production-focused companies like ExxonMobil and (NYSE: CVX) that goes beyond their role as fossil fuel providers.
Here's why investors should closely examine what's going on in the sector.
The company's investment in lithium assets, although tiny in terms ExxonMobil's existing assets, matters because of lithium's use in electric vehicle (EV) batteries. Investing in the metal is often championed by speculators focused on the clean-energy transition theme. It's an argument that has led investors to pay high multiples for clean energy stocks and relatively low multiples to traditional energy companies.
Source Fool.com
Chevron Corp. Aktie
Die Aktie ist derzeit ein absoluter Favorit unserer Community mit 26 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung.
Für Chevron Corp. sieht die Community ein Kursziel von 179 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 145.42 € bedeutet.
