Syeda Seirut Javed
1 min read
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Exxon Mobil Corporation (NYSE:XOM) is one of the 11 stocks that Jim Cramer recently commented on. Mentioning that they have seen gains owing to their positions in energy stocks, a caller asked about the company. In response, Cramer remarked:
“Okay, I’ll tell you how I feel about the oil business. I don’t like it, but I do like the dividends. Because of the dividends, I’m willing to bless them. But if they didn’t have good dividends, believe me, I wouldn’t go near the group because I think that the group is just not in good shape.”
Aerial view of a major oil rig in the middle of the sea, pumping crude oil.
Exxon Mobil (NYSE:XOM) is engaged in the exploration, production, manufacturing, trading, and sale of crude oil, natural gas, petroleum products, petrochemicals, and specialty items. The company also invests in lower-emission technologies such as carbon capture, hydrogen, and lithium. The company returned $4.3 billion to shareholders through dividend payments during the first quarter. It also announced a second-quarter dividend of $0.99 per share. Moreover, XOM stock has a yield of 3.62%.
While we acknowledge the potential of XOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
