10 Best Spring Stocks To Buy Now

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6. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 86 

Exxon Mobil Corporation (NYSE:XOM) operates as an integrated oil and gas company. In earnings for the fourth quarter of 2024, the company reported earnings of $7.6 billion, or $1.72 per share (assuming dilution), with cash flow from operating activities of $12.2 billion and free cash flow of $8 billion, which signals strong profitability and solid cash generation. Darren Woods, the CEO of the firm, highlighted recently that his firm had achieved earnings of $34 billion in 2024, marking its third-highest result in the past decade despite softer market conditions. Woods emphasized significant growth in Guyana, where production reached a record 650,000 barrels per day. He reiterated that production is expected to grow to 2.3 million barrels per day by 2030, supported by 40 reservoirs.

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