Bulletin
Investor Alert

Sept. 30, 2022, 8:57 a.m. EDT

Exxon Mobil Stock is on Fire: Should You Buy Today?

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Exxon Mobil Corp. (XOM)

or Cancel Already have a watchlist? Log In

Sep 30, 2022 (Baystreet.ca via COMTEX) -- Exxon Mobil /zigman2/quotes/204455864/composite XOM -2.78% is a Houston-based company that is engaged in the exploration and

production of crude oil and natural gas in the United States and around the world. It is one of the largest

and most influential oil and gas companies on the planet. Shares of this energy stock have climbed 40%

in 2022 as of mid-afternoon trading on September 29. The stock is up 48% from the prior year.

The price of WTI Crude was trading below US$85 per barrel at the time of this writing. Oil and gas prices

have softened considerably since they reached stunning heights in the first half of 2022. WTI Crude has

climbed above the US$120/barrel mark in the middle of June. However, worsening economic conditions

and increased global production have taken their toll on prices.

This company unveiled its second quarter fiscal 2022 earnings on July 29. It posted net income of $17.9

billion or $4.21 per share - up from $4.29 billion or $1.10 per share in the prior year. That said, Exxon

delivered these earnings during the peak of this market. Investors should expect these record earnings

to soften in the months ahead.

Shares of this energy stock currently possess a price-to-earnings ratio of 9.7. That puts Exxon in

attractive value territory at the time of this writing. Moreover, it offers a quarterly dividend of $0.88 per

share, which represents a 3.9% yield. This energy stock still offers nice value in the early fall.

COMTEX_415632312/2559/2022-09-30T08:57:27

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 103.88
-2.97 -2.78%
Volume: 21.20M
Dec. 6, 2022 4:03p
P/E Ratio
8.46
Dividend Yield
3.50%
Market Cap
$440.04 billion
Rev. per Employee
$6.20M
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.