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Business
Tim Biggam

5 Reasons Why It’s Finally The Time To Sell Big Oil

XOM ExxonMobil Oil Tim Biggam Tim BiggamTim POWR Options

The huge rally in ExxonMobil (XOM) and the other major oil players looks to be burning a little too hot lately. ExxonMobil (XOM) is the largest component in the Energy ETF (NYSE:XLE). It comprises over 23% of the overall weighting, so let’s use that as the poster child for big oil.

Certainly, XOM has been on a major bull run over the past year. Shares of ExxonMobil are now up over 50% so far in 2022 as they once again reached fresh new highs at $99.09.

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