Should You Buy Exxon Mobil Corporation (XOM)?

Exxon Mobil Corporation (NYSE:XOM) is one of Billionaire Ken Fisher’s Latest Portfolio: 10 Best Stocks to Buy.

Oil giant Exxon Mobil Corporation (NYSE:XOM)’s shares are up by 49% over the past year and by 24% year-to-date. Like several other firms, it is also currently in the process of moving its headquarters to Texas. On May 27th, Exxon Mobil Corporation (NYSE:XOM)’s shareholders approved the decision with a 71% vote in favor of the process.

The oil giant currently trades at a forward P/E ratio of 22.27, which is roughly in line with the integrated oil and gas sector’s 21.90 forward P/E ratio. Exxon Mobil Corporation (NYSE:XOM) also has a dividend yield of 2.70%.

As has been the case with other stocks, Exxon Mobil Corporation (NYSE:XOM)’s shares have also reacted to developments in the Iran war. For instance, the stock closed 2.8% higher on June 1st as news of a breakdown in negotiations over strikes in Lebanon made waves. The share price movement was accompanied by a rise in oil prices.

Clearbridge Dividend Strategy discussed Exxon Mobil Corporation (NYSE:XOM) in its Q1 2026 investor letter:

“We have focused our energy investments in our highest conviction ideas: Williams and Exxon Mobil Corporation (NYSE:XOM). ExxonMobil, however, as the largest private oil producer in the world, directly benefits from the events in the Persian Gulf. Higher oil prices will drive bumper earnings and cash flows, but that is not the only thing Exxon has going for it. Exxon’s robust production growth from low-cost basins will propel volume increases and margin expansion through the end of the decade. We have modestly trimmed our position as the stock has soared, but we maintain a significant investment in the company.”

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