High Oil Prices & a 38% 1-Year Rally: Is ExxonMobil a Buy?

Key Takeaways XOM stock has jumped 37.8% in a year, beating the industry and peers BP and Chevron.ExxonMobil benefits from WTI above $85 and strong upstream assets in the Permian and Guyana.XOM expects upstream output to reach 5.5MM boe/d by decade end.Exxon Mobil Corporation (XOM) has jumped 37.8% over the past year, outpacing the 33.2% growth of the industry’s composite stocks, and 27.1% and 22.9% improvements of BP plc (BP) and Chevron Corporation (CVX) , respectively. Image Source: Zacks Investment Rese ...