In fact, Exxon Mobil is one of the leaders in the world of carbon capture and storage (CCS) technology. However, knowing that the world is looking for more renewable options, the company is making massive investments in this space as well.
The company owns one of the largest chains of consumer gas stations, several oil refineries, and other companies that meet energy needs using traditional fuel sources. There’s no doubt the energy conglomerate isn’t giving up its core traditional crude oil, natural gas, and fuel business any time soon. Moreover, many believe the company will make a run for the top in the long run thanks to its diverse renewable energy portfolio. In fact, the stock comes with one of the strongest dividend yields in the space, which currently sits at well over 5%. Nonetheless, the declines proved to be an opportunity as the stock saw a tremendous run at the end of 2020 and early 2021, nearly climbing back to pre-COVID-19 levels.Īlthough Exxon Mobil’s stock was down as oil prices offered little support, the company showed a strong display of financial strength, continuing to pay investors dividends throughout the COVID crisis. Its stock price fell more than 50% as the result of demand concerns associated with the COVID-19 shutdowns and the resulting oil supply surplus. Exxon Mobil Corporation (NYSE: XOM)Įxxon Mobil had a tough run in 2020, but has been in a strong recovery since November.
Some of the best energy stocks you may want to start researching are listed below. 6 Best Energy Stocks to BuyĪs with any investment made in any sector, it’s always a good idea to do your research and find what you believe to be the stocks with the highest potential to generate returns. Learn more about Motley Fool Stock Advisor. If you would have invested in Netflix when they first recommended the company, your investment would be up more than 21,000%. Their Motley Fool Stock Advisor recommendations have increased 597.6% compared to just 133.7% for the S&P 500.
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So it’s not surprising to see that so many investors are looking to try their hand at investing in energy. With a major shift toward clean energy likely on the horizon, massive opportunities are beginning to emerge in the sector. Joe Biden is now the president and the Democratic Party - a party that has long been proponents of renewable resources- controls Congress. Those kinds of returns are nothing to sneeze at.Īt the same time, the energy space is likely to undergo a major change as a changing political climate in the U.S. And they’re a lot cooler than Jeff Bezos. Why not Banksy or Andy Warhol? Their works’ value doesn’t rise and fall with the stock market. Depending on which year in that span you’re talking about, that would have accounted for between $500 and $2,700 per year in added dividend income while enjoying one of the best yields on the market.
Not to mention, you would have received even more money in dividend payments, which works out to an additional 5% return per year according to Blue Harbinger Investing Research. If you had invested $10,000 in Exxon Mobil in 1990, your investment would be worth more than $54,166 today. By November of 2021, the stock was trading at above $65 per share after becoming one of the key pieces to the energy infrastructure puzzle in the United States and around the world. For example, in 1990, Exxon Mobil stock traded at around $12 per share. Nonetheless, making the right moves when investing in energy stocks can be an incredibly fruitful endeavor. Economic headwinds combined with supply-and-demand uncertainties can make it difficult to choose strong investments that are likely to grow over time. However, investing in energy can prove to be pretty risky. As such, it’s one of the areas that come with massive investor interest. It provides the fuel and the energy needed for the growth of and into developed nations. The energy sector is an important part of the global economy.
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