This Oil Giant Is Still Cheap Despite Its Growth Potential
ExxonMobil (NYSE: XOM) doesn't get a lot of respect in today's market as its heavy spending to boost production has yet to generate notable improvements. That could be about to change. Here are a couple of reasons why dividend investors might still find Exxon of interest, despite the ugly image.
Despite a dirty image that has ESG investors rooting for the demise of oil and natural gas, Exxon and its peers are very clear that they believe the market for commodities will remain a vital one for many years. Simply put, people around the world are still demanding these easily portable and well-supported fuels. That, however, doesn't change the fact that oil and natural gas are both selling at relatively low prices today, putting pressure on profits throughout the energy sector. And then there's the not-so-glamorous fact that Exxon's production has been declining for a few years.
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Source Fool.com
