What Makes ExxonMobil Attractive

It's no surprise that ExxonMobil (NYSE: XOM) is not getting much love from Wall Street. The company's 2019 earnings fell, largely due to lower oil and gas prices. Moreover, its downstream and chemical earnings, which should grow when oil prices are lower, also fell in 2019 due to lower margins and higher downtime. However, that should not make you write-off the stock. There are several key factors that make this beaten-down giant attractive.

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After falling for three consecutive years, ExxonMobil's oil-equivalent production rose in the year 2019. The growth was driven by increased liquids production, even as natural gas production volumes declined. The higher volumes favorably contributed to the company's earnings for the year. Moving ahead, as ExxonMobil's projects, including those in Guyana and Permian Basin, reach their full capacity, they will continue to contribute to the company's earnings.

Source Fool.com