11 Best American Energy Stocks to Buy Now

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1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 104

Exxon Mobil Corporation (NYSE:XOM) is an American multinational oil and gas corporation that ranks among the best American stocks to buy. The company’s primary businesses are Upstream, Energy Products, Chemical Products, and Specialty Products. Exxon Mobil Corporation (NYSE:XOM) has an industry-leading portfolio of resources and provides energy, chemicals, lubricants, and lower-emissions technologies.

On February 4, DBS analyst Suvro Sarkar reiterated a “Buy” rating on Exxon Mobil Corporation (NYSE:XOM) with a price target of $133 while citing the company’s strong financial performance and strategic initiatives. Despite challenges in the refining segment, the company’s earnings for the fourth quarter of 2024 surpassed expectations. Exxon Mobil Corporation (NYSE:XOM) also announced substantial share buybacks and a dividend increase. The company has increased its annual dividend for 42 consecutive years. Sarkar highlighted the corporation’s potential for growth with key projects set to start in 2025 that are expected to further improve earnings by 2026. The acquisition of Pioneer Natural Resources has strengthened the company’s position in the Permian Basin and also enhanced its production capabilities. In 2024, Exxon Mobil Corporation (NYSE:XOM) achieved record production in the Permian Basin.

Overall, XOM ranks first among the 11 best American energy stocks to buy now. While we acknowledge the potential of American energy companies, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. 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.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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