These 2 Big Oil Stocks Are Ridiculously Cheap...Again
Back when oil prices started to climb out from the abyss in February of 2016, it would have been reasonable to think that oil and gas stocks wouldn't get that cheap ever again. That is especially true with integrated oil and gas companies that are some of the best-capitalized businesses in the world, with assets touching every part of the oil & gas value chain to offset commodity volatility. Yet here we are more than 18 months later, and the valuations for integrated oil & gas companies ExxonMobil (NYSE: XOM) and Total SA (NYSE: TOT) are getting incredibly close to those levels we saw early last year.
Despite the challenges of today's market, there is reason to believe that better days are still ahead for the oil industry. So let's look at why investors seem to be down on these two stocks and why this could make for another great buying opportunity.
Image source: Getty Images.
Source: Fool.com
Exxon Mobil Corp. Stock
The stock is an absolute favorite of our community with 33 Buy predictions and no Sell predictions.
With a target price of 124 € there is a slightly positive potential of 13.89% for Exxon Mobil Corp. compared to the current price of 108.88 €.
