10 Most Profitable Value Stocks to Buy Now

3. Exxon Mobil Corp. (NYSE:XOM)

TTM Net Income as of March 13: $33.680 billion

Forward P/E Ratio as of March 13: 13.93

Number of Hedge Fund Holders: 104

Exxon Mobil Corp. (NYSE:XOM) is an energy company that explores, produces, and refines crude oil and natural gas. It operates across Upstream, Energy Products, Chemical Products, and Specialty Products segments. It provides fuels, petrochemicals, and specialty products under its Exxon, Esso, and Mobil brands, while also pursuing lower-emission technologies and business opportunities.

The company’s Upstream division, which is responsible for oil and gas production, achieved record production levels in 2024. It was the highest in over 40 years and was driven by the company’s advantaged assets. The Permian Basin was a major highlight, with record production from both its existing and newly acquired Pioneer assets. These assets refer to the oil and gas properties acquired by Exxon Mobil Corp. (NYSE:XOM) through its acquisition of Pioneer Natural Resources.

The company projects $3 billion in annual synergies from this merger, and expects Permian production to climb from 1.5 million barrels per day in 2024 to 2.3 million by 2030. This is a 50% increase. The company is growing its advantaged assets. It’s improving resource recovery in the Permian, and starting up the Yellowtail project in Guyana, which aims for 60% of production from advantaged assets by 2030.