What's Going On With Exxon Mobil (XOM) Stock?

Exxon Mobil Corp XOM shares are trading higher by around 4% to $119.65 in November. The stock has seen an uptick following Donald Trump's presidential election win, as investors anticipate that his pro-energy policies could benefit the oil and gas giant.

What To Know: Trump's commitment to scaling back environmental regulations and promoting U.S. energy independence could reduce compliance costs for Exxon Mobil and create opportunities for expanded domestic oil and gas production.

Policies favoring fossil fuels, such as reduced restrictions on drilling and exploration, could bolster Exxon's upstream operations and increase output.

Additionally, Trump's potential withdrawal from international climate agreements, such as the Paris Accord, could shift focus away from renewable energy policies, giving traditional energy companies like Exxon a competitive edge in the near term.

Trump has also indicated a willingness to relax sanctions on oil-exporting countries like Russia, which could stabilize global oil markets and provide more predictable conditions for Exxon's international operations.

Moreover, Trump's emphasis on infrastructure spending could drive increased demand for petroleum products and natural gas, both critical components of construction and manufacturing. Inflationary pressures resulting from Trump's economic policies may also elevate oil prices, boosting Exxon's revenues.

Read Also: Exxon Mobil To Cut 400 Texas Jobs In Stages Through 2026

Is XOM A Good Stock To Buy?

When deciding whether to buy a stock, there are some key fundamentals investors may want to consider. One of these factors is revenue growth. Buying a stock is essentially a bet that the business will continue to grow and generate profits in the future.

Exxon Mobil has reported average annual revenue growth of 18.04% over the past 5 years. .

It's also important to pay attention to valuation when deciding whether to buy a stock. Exxon Mobil has a forward P/E ratio of 13.37. This means investors are paying $13.37 for each dollar of expected earnings in the future. The average forward P/E ratio of Exxon Mobil's peers is 8.11.

Other important metrics to look at include a company's profitability, balance sheet, performance relative to a benchmark index and valuation compared to peers. For in-depth analysis tools and important financial data, check out Benzinga PRO.

XOM has a 52-week high of $126.34 and a 52-week low of $95.77.