Exxon Mobil: The Party Is Just Getting Started


  • Exxon Mobil’s purchase of drilling rights for lithium production in Arkansas could open up a high-margin growth opportunity to mitigate the structural decline in its oil and gas business.
  • XOM sellers inflicted pain on holders recently as China’s nascent recovery fizzled out, putting a second-half revival increasingly at risk.
  • Exxon Mobil must instill confidence in its investors that it has sustainable projects to create new earnings growth drivers, such as lithium mining.
  • XOM’s valuation is not cheap but is also no longer overvalued, creating an opportunity for dip buyers to add more shares.
  • We’re currently running a sale for our private investing group, Ultimate Growth Investing, where members get access to portfolios, market alerts, real-time chat, and more. Learn More »

I highlighted in my previous article on Exxon Mobil Corporation (NYSE:XOM), suggesting investors consider taking profits and cutting exposure, as its valuations then didn’t support continued outperformance.

XOM sellers delivered a crucial blow as it topped out in February, but