Is ExxonMobil Stock a Buy?
There's no question that 2020 was a very difficult year for energy companies, with even the industry's biggest names feeling a severe hit. But the oil market has started to stabilize, and the stocks of companies like ExxonMobil (NYSE: XOM) have recovered some lost ground. Still offering a historically high 6.1% yield, is this integrated energy giant worth buying today? Here are some things to consider before making up your mind.
One of the biggest risks to Exxon's future is the ongoing global shift toward low carbon energy options. The big fear is that oil and natural gas fall out of use so quickly that Exxon is left with energy assets that have little to no value. This isn't an unreasonable concern, but timing matters.
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Source Fool.com
