Workflow
After Hitting an All-Time High, Is ExxonMobil the Best Energy Dividend Stock to Buy Amid Rising Oil Prices?
XOMExxonMobil(XOM) The Motley Fool·2024-10-11 07:14

ExxonMobil continues to outperform other integrated oil and gas majors.After hitting a 52-week low on Oct. 1, U.S. benchmark West Texas Intermediate (WTI) crude oil prices surged nearly $8 per barrel in two days as Middle East tensions threaten to take supply offline. Oil prices had been under pressure from a ramp-up in U.S. production, paired with potentially higher OPEC+ supply.ExxonMobil (XOM 0.86%), the most valuable U.S. energy stock by market cap, notched a fresh all-time high on Oct. 4. Here's why th ...