Exxon Mobil Corporation (XOM:NYSE)
Exxon is a true behemoth in the Oil sector. It operates petroleum and petrochemicals businesses on a worldwide basis. The Company's operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels,
lubricants, and chemicals.
This is a blue chip stock that should be in most US based investor's portfolios. The stock has been on a dip recently due to the downward spiral of the oil price and the fear that the oil refiners will not be able to keep up their out - performance of the last few years.
But we don't believe that the second half of this year indicates that the energy markets will be languishing next year. This is just a temporarily down-in-the-dumps sector. BP, which we suggested was a bargain a couple of months ago has already shown our subscribers a decent profit.
Exxon Mobil Corporation is now trading at a P/E of 8.88%. It has a dividend yield of 1.93% and its stock price has dipped to around $80. As a long term hold, this is a stock worth owning at this price.
Buy Exxon Mobil Corporations ( OXM:NYSE) up to $85