South Africa LNG Opportunity Asserts Exxon Mobil Corporation (XOM) as a Top Dividend Aristocrat Stock to Buy

Exxon Mobil Corporation (NYSE:XOM) is one of the best dividend aristocrat stocks to buy now.

South Africa LNG Opportunity Asserts Exxon Mobil Corporation (XOM) as a Top Dividend Aristocrat Stock to Buy

justin-c-6bsVqTJna_o-unsplash

On June 24, US President Donald Trump announced that Exxon Mobil Corporation (NYSE:XOM), Chevron, and other oil companies are under investigation for allegedly contributing to a surge in gas prices in the US.  The remarks follow the drop in global oil prices after the opening of the Strait of Hormuz, on the easing of tensions in the Middle East.

“We are doing a big investigation on it,” Trump said, addressing potential price gouging by oil companies at the gas pump.

Trump has criticized the oil companies for maintaining high gasoline prices despite a significant release of oil reserves. According to the US president, the companies are not reducing prices in line with global market trends.

Consequently, Trump has instructed the Department of Justice to examine whether ExxonMobil, Chevron, and other oil companies have a case to answer on failing to lower gasoline prices in line with falling crude prices.

Exxon Mobil Corporation (NYSE:XOM) is one of the world’s largest publicly traded energy and chemical corporations. They operate across the energy supply chain—from exploring for and producing oil and gas to manufacturing everyday chemicals, traditional fuels, and lower-emissions energy technologies.

While we acknowledge the risk and potential of XOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than XOM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 UK Stocks with the Highest Dividends and 10 Best Falling Stocks to Invest In According to Analysts.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1