10 Best Gas Stocks to Buy According to Billionaires

2. Exxon Mobil Corporation (NYSE:XOM)

Number of Billionaire Investors: 16

Number of Hedge Fund Holders: 104

Exxon Mobil Corporation (NYSE:XOM) is an American multinational oil and gas corporation. The company’s primary businesses include Upstream, Energy Products, Chemical Products, and Specialty Products. It is one of the world’s largest fuels, lubricants, and chemical companies. Exxon Mobil Corporation (NYSE:XOM) ranks among the best gas stocks to buy according to billionaires.

On February 4, DBS analyst Suvro Sarkar maintained a “Buy” rating for Exxon Mobil Corporation (NYSE:XOM) with a price target of $133. Sarkar’s recommendation is based on the company’s strong financial performance and strategic initiatives. Exxon Mobil Corporation’s (NYSE:XOM) Q4 2024 earnings exceeded expectations despite challenges in the refining segment. The company also announced substantial share buybacks and a dividend increase. The analyst highlighted Exxon Mobil Corporation’s (NYSE:XOM) growth potential with key projects set to start in 2025 that are expected to boost earnings by 2026. The acquisition of Pioneer Natural Resources has strengthened the company’s position in the Permian Basin while also enhancing production capabilities.