Exxon Mobil Corporation (XOM) explores and produces crude oil and natural gas in the U.S. and internationally. Based in Spring, Texas, the energy giant is valued at $448.04 billion by market cap. It operates through the Upstream, Downstream, and Chemical segments. The company owns some of the most prolific upstream assets globally and the largest global refining operations. It also has substantial chemical assets.
Shares of the oil and gas giant have underperformed the broader market considerably over the past year. XOM has gained 8.6% over this time frame, while the S&P 500 Index ($SPX) has rallied 24.5%. But things are looking up in 2024 – Exxon Mobil stock is up 14%, surpassing the SPX’s 9.8% rise on a YTD basis.
