Exxon Mobil (XOM) Upheld by UBS Amid Growth in Permian and Energy Transition

Exxon Mobil Corporation (NYSE:XOM) is one of the 10 most undervalued oil stocks to buy according to analystsOn June 4, UBS analysts maintained their $130 price target and reiterated a Buy rating on Exxon Mobil Corporation (NYSE:XOM). The update followed an investor meeting with Jim Chapman, vice president of investor relations and treasurer, and Darren Woods, chairman and CEO of ExxonMobil.

Exxon Mobil (XOM) Upheld by UBS Amid Growth in Permian and Energy Transition

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The acquisition of Pioneer Natural Resources, ExxonMobil’s technological advantages, and the company’s possible effects on the Permian Basin were among the key topics of discussion during the conference. Additionally, analysts focused on the Chevron/Hess arbitration as well as current market dynamics.

Moreover, ExxonMobil’s strong asset base and growth across its various divisions were cited by UBS analysts as factors contributing to the company’s solid prospects over the next five years. Their optimistic outlook was also bolstered by advances in cost structure, low carbon investments, and financial strength.

Exxon Mobil Corporation (NYSE:XOM) engages in the production, trade, transportation, and sale of crude oil, natural gas, petroleum products, petrochemicals, and specialized goods.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.