10 Best Stocks to Buy Before Spring

4. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 104

Exxon Mobil Corporation (NYSE:XOM) is involved in the production, trading, transportation, and sale of crude oil, natural gas, petroleum products, petrochemicals, and specialized goods. The company intends to more than triple its Permian output and generate 1.3 million bpd from its very lucrative assets in Guyana. As a result, XOM anticipates an incremental growth potential of $20 billion in earnings and $30 billion in cash flow by the end of the decade.

Under its 2030 strategy, Exxon Mobil intends to invest up to $30 billion in low-emission activities between 2025 and 2030. Furthermore, it has worked with the Texas General Land Office to create the biggest offshore carbon dioxide storage facility in the United States.

RBC Capital maintained Exxon Mobil Corporation’s (NYSE:XOM) Sector Perform rating in December, with a $115 price target. The firm’s assessment acknowledged ExxonMobil’s objective of expanding its operations in the Permian Basin and Guyana, as well as its LNG business. Moreover, according to RBC Capital’s predictions, Exxon Mobil’s free cash flow yield will be 5.4% in 2025, increasing to 9% by 2030.