Exxon Mobil Stock Analysis
You may find it hard to believe, but things are looking pretty good for Exxon Mobil stock. Here you have a company that is trading at a lower price than 1 year ago despite improving its balance sheet and dividend (right now about 3 percent!). In addition, the company’s acquisition of XTO Energy has the potential to offer continued growth for a company that has already been doing just that. I think that the company may actually be able to take advantage of the BP situation because of its solid balance sheet. BP may find itself in a position of needing to sell off assets – Exxon Mobil is a likely purchaser of said assets. Given these reasons and its attractive valuation, I think Exxon Mobil represents a good value and income investment play.
