Is Exxon Mobil (XOM) the Best Crude Oil Stock to Buy According to Analysts?

Exxon Mobil Corporation (NYSE:XOM) is among the 13 Best Crude Oil Stocks to Buy According to Analysts.

On April 17, Morgan Stanley lowered its price target on Exxon Mobil Corporation (NYSE:XOM) slightly to $171 from $172 while maintaining an Overweight rating. The firm noted that most exploration and production companies are expected to keep activity plans largely unchanged heading into first-quarter earnings, despite stronger oil prices. Morgan Stanley also added that energy prices are unlikely to revert to pre-conflict levels anytime soon, suggesting a supportive backdrop for integrated oil majors with large-scale production and refining operations.

The same day, BNP Paribas upgraded Exxon Mobil Corporation (NYSE:XOM) to Neutral from Underperform and sharply raised its price target to $165 from $125. The firm cited collapsing oil and product inventories amid the Iran war, along with expectations for an extended higher oil price cycle. According to the analyst, increased security concerns, OPEC’s need to recoup revenues, and constrained non-OPEC supply growth could keep crude prices elevated for years. Exxon, with its massive upstream portfolio and downstream integration, is viewed as one of the clearest beneficiaries of that environment.

Exxon Mobil Corporation (NYSE:XOM) is one of the premier oil and gas companies, engaged in exploration, production, refining, chemicals, LNG, and advanced energy technologies. Formed through the 1999 merger of Exxon and Mobil, and tracing its heritage back to Standard Oil in 1870, the company is headquartered in Spring, Texas. Few companies possess Exxon’s combination of global scale, balance-sheet strength, engineering expertise, and diversified cash flow streams.

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