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ExxonMobil Hits All-Time High, Closes in on Half-Trillion-Dollar Market Cap. Has the Stock Market's Leadership Changed?

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ExxonMobil Hits All-Time High, Closes in on Half-Trillion-Dollar Market Cap. Has the Stock Market's Leadership Changed?: https://g.foolcdn.com/editorial/images/773179/gettyimages-149319933-1200x800-5b2df79-1.jpg

ExxonMobil (NYSE: XOM) reached an intraday all-time high of $123.75 per share on April 12. The oil major has pulled back a little since then, but Exxon is still up big on the year and has more than doubled over the last three years.

Exxon's market capitalization currently sits at $474 billion as it approaches the feat of becoming the first half-trillion-dollar energy stock. Here's why Exxon is in favor with investors, and why the rally has more room to run.

Image source: Getty Images.

Source Fool.com

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