Is ExxonMobil Stock a Buy Now?
The company is still pumping out vast quantities of fossil fuels, but global economic uncertainty could spell trouble for its business.
Oil and natural gas giant ExxonMobil (NYSE: XOM) currently trades in the middle of its 52-week range. The company is coming off a banner 2024 in which it achieved record production levels from key assets and its third-highest profits in a decade. Now, though, there are some clouds on the horizon.
The stock market is struggling amid economic uncertainty, and volatility has recently increased due to tariffs, geopolitical conflicts, and warning signs from historical recession indicators.
ExxonMobil has thrived through the market's ups and downs. For more than four decades, it has paid and raised its dividends without fail. But should consider investors buying ExxonMobil stock now?
