13 Best Blue Chip Stocks to Buy Now

7. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 88

Exxon Mobil Corporation (NYSE:XOM) is one of the best blue-chip stocks to buy now. On November 11, 2025, Piper Sandler raised its price target on Exxon Mobil Corporation (NYSE:XOM) to $144 from $141, maintaining an Overweight rating. The firm noted that while crude oil worries continue to weigh on sentiment, Exxon’s third‑quarter results underscore resilient cash flow, steady growth, and ongoing cost savings that are lowering breakeven levels.

Earlier on October 31, ExxonMobil Corp delivered strong third-quarter results, characterized by the highest earnings per share in recent history, amid record production in Guyana.

The company reported earnings of $7.5 billion, or $1.76 per share, despite facing weak crude prices, higher depreciation, and lower base volumes resulting from strategic divestments. Year-to-date earnings totaled $22.3 billion compared to $26.1 billion for the same period last year. The decline was partially offset by volume growth in the Permian basin and Guyana.

During the quarter, the company reaffirmed its commitment to shareholder value by returning $9.4 billion, comprising $4.2 billion in dividends and $5.1 billion in share repurchases. ExxonMobil also declared a fourth-quarter dividend of $1.03 per share, representing a 4% increase. The dividend is to be paid on December 10 to shareholders of record as of November 14. The dividend offering comes on the heels of the company generating a strong year-to-date cash flow from operations of $39.3 billion and free cash flow of $20.6 billion as of the third quarter.

Exxon Mobil Corporation (NYSE:XOM) is an integrated energy company that explores for, produces, and refines oil and natural gas, while also operating a large chemical business. It transforms hydrogen and carbon molecules into a wide range of products, including fuels and chemicals used in the manufacturing of modern goods such as polymers, plastics, and synthetic lubricants.