Here’s why ExxonMobil (XOM) is a favorite among hedge fund investors
Exxon Mobil Corporation (NYSE:xom) Expansive global scale, strong balance sheet, strict financial discipline, generous payments, aggressive growth makes it Best Crude Stocks to Buy According to Hedge Funds.
Aerial view of a major oil rig in the middle of the ocean, pumping crude oil.
Exxon Mobil Corporation (NYSE:XOM) has earned an annual rate of 30% over the past five years, with cash flow rising at a CAGR of about 15% over that period. The oil giant hopes to achieve revenue growth of $2 billion and cash flow growth of $30 billion by 2030, even if Brent prices average just $65 per barrel.
Exxon Mobil Corporation (NYSE:XOM) also focuses on cutting costs so that it can survive a shifting oil market. Since 2019, the company has achieved structural cost savings of $12.1 billion to achieve its target of increasing this number to $18 billion by 2030. Additionally, Exxon continues to invest in efficiency with the goal of reaching $35 by 2027 and $30 per barrel by 2030.
Exxon Mobil Corporation (NYSE:XOM) is well known for its large-scale payments, with dividends and buyback distributions of over $125 billion over the past five years. The company announced plans to buy back $20 billion in shares each year until 2026, raising payments for the 42nd year in a row.
Exxon Mobil Corporation (NYSE:XOM) is one of the world’s largest integrated fuel, lubricant and chemical companies. The company operates facilities or products sold around the world, exploring oil and natural gas on six continents.
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