10 Best Commodity Stocks to Invest in According to Hedge Funds

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Investors: 86

Exxon Mobil Corporation (NYSE:XOM) is one of the world’s largest publicly traded international energy companies. The company’s operations span the entire value chain, from upstream oil and gas exploration to downstream refining, as well as the manufacturing and marketing of petroleum products.

Exxon Mobil Corporation (NYSE:XOM) is increasingly positioning itself to capitalize on the growing demand for natural gas and liquefied natural gas (LNG). The company has made significant investments in natural gas fields and LNG projects, which has expanded its LNG capacity in key regions such as the Gulf of Mexico, Australia, and Mozambique. These investments are not only aligned with global efforts to reduce carbon emissions but also take advantage of the increasing demand for natural gas to power data centers and other energy-intensive industries.

Exxon Mobil Corporation (NYSE:XOM) is also forming strategic alliances and partnerships to expand its reach and access new markets. The company has established collaborations with national oil companies, technology firms, and other industry players to leverage its expertise and resources. Furthermore, Exxon Mobil Corporation (NYSE:XOM) has partnered with China’s Sinopec to develop large-scale LNG projects in Guangdong, China, which is crucial for meeting the growing energy demand in Asia. These partnerships not only provide access to new markets and resources but also help to mitigate risks and share costs. By building a robust network of strategic alliances, Exxon Mobil Corporation (NYSE:XOM) aims to enhance its competitive position and drive sustainable growth in a rapidly evolving energy landscape.

While we acknowledge the potential of Exxon Mobil Corporation (NYSE:XOM) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than XOM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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