ExxonMobil Built Its Business to Thrive in Volatile Oil Markets
Turbulence has returned to the oil market this year. Oil prices have tumbled more than 15%, weighed down by the uncertain impact of tariffs and other factors. As a result, the price of the global oil benchmark Brent, which spent much of the past couple of years bouncing around in the range of $75 to $85 a barrel, has slumped down closer to $60 a barrel. Lower crude prices are a problem for many oil producers. However, they're not an issue for ExxonMobil (NYSE: XOM). The oil giant has spent several years building the company to thrive in markets like this. Because of that, it's a great all-weather oil stock to buy and hold amid the current market turbulence.Image source: Getty Images.Continue reading
Turbulence has returned to the oil market this year. Oil prices have tumbled more than 15%, weighed down by the uncertain impact of tariffs and other factors. As a result, the price of the global oil benchmark Brent, which spent much of the past couple of years bouncing around in the range of $75 to $85 a barrel, has slumped down closer to $60 a barrel.
Lower crude prices are a problem for many oil producers. However, they're not an issue for ExxonMobil (NYSE: XOM). The oil giant has spent several years building the company to thrive in markets like this. Because of that, it's a great all-weather oil stock to buy and hold amid the current market turbulence.
Image source: Getty Images.
