Is ExxonMobil Stock a Buy Right Now?
The U.S. oil and gas sector has been languishing ever since crude oil prices fell steeply in 2014. Investors who entered the sector just before that oil price crash have been left holding the bag. Energy investors have been hoping for a recovery for a long time, but it doesn't seem to be anywhere in sight. It's not surprising that some of those investors don't want to touch energy stocks again.
However, the steep fall in energy stocks due to the effects of the coronavirus presents an extremely attractive opportunity for long-term investors. Undoubtedly, the recovery timeframe is uncertain, especially if the fallout from the coronavirus lasts longer than expected, or if there is a second wave of infections. This uncertainty has impacted all energy companies, including giants like ExxonMobil (NYSE: XOM). The company is facing a challenging time even though the longer-term growth drivers remain in place. Are those long-term prospects good enough to make this company a buy? Let's look at what Exxon is up against today and where it plans to go from here.
ExxonMobil's total returns over the last 10 years severely underperformed the broader markets, infuriating many investors.
Source Fool.com
