5 Best Oil Stocks to Buy Right Now

1. Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil Corporation (NYSE:XOM) is one of the best oil stocks to buy right now. Barclays lifted the price target on Exxon Mobil Corporation (NYSE:XOM) to $163 from $145 on March 13, maintaining an Overweight rating on the shares and telling investors in a research note that it raised 2026 oil price estimates due to the Iran war. It believes that cash flow tailwinds for the exploration and production group are continuing to remain underappreciated, and while the oil spike is “unlikely to last for long”, the firm believes that the market is underappreciating the cash flow benefit, as well as the “durable benefit” it will have on the group’s capacity to raise cash returns beyond the conflict.

Exxon Mobil Corporation (NYSE:XOM) also received a rating update from Piper Sandler on March 12, with the firm adjusting the price target on the stock to $186 from $145 and reiterating an Overweight rating on the shares. The firm told investors that, driven by the lasting effects of the war in Iran, it is revising forward estimates and price targets on the back of a $5.00/bbl rise in its mid-cycle WTI price forecast. Piper further stated that although the duration of outages in the Middle East remains highly uncertain, its commodity macro team expects 2026 crude balances to tighten by about 2.0 Mb/d vs. prior expectations. Furthermore, lingering impacts/risk premiums and global resource tightening will raise the bar on future investment.

Exxon Mobil Corporation (NYSE:XOM) is involved in the exploration, development, and distribution of oil, gas, and petroleum products. The company’s operations are divided into the following segments: Upstream, Energy Products, Chemical Products, and Specialty Products.

While we acknowledge the potential of XOM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XOM and that has 100x upside potential, check out our report about the cheapest AI stock.

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