Better days may return to the the oil patch soon… OPEC is wobbling just a bit, and crude oil prices—along with gas—are quietly creeping up.
That’s good news for the previously crushed sector. If you want to start anywhere, make it Exxon Mobil (NYSE:XOM). That’s where the next Secretary of State—former Exxon CEO Rex Tillerson—built the ultimate energy/oil global conglomerate with a combination of wide and deep moats, guts, savvy and economies of scale you can’t find anywhere else in the world.
Proof is in XOM’s stock performance, which, despite the woes in the industry, is up nearly 13% over the last 5 years. That’s comparable to the Energy Select Sector SPDR ETF (NYSEARCA:XLE) without even counting its increasing dividend.
Tillerson may be heading to Washington, but with his stamp all over this stock, bet on it to continue growing, throwing off dividends, and stomping the competition.