11 Best Bear Market Stocks To Invest In Now

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8. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 86 

Exxon Mobil Corporation (NYSE:XOM) operates as an integrated oil and gas company and is headquartered in Texas. This company presents a solid investment opportunity, supported by the following points. Firstly, the company’s ability to generate profits is evident in the report for the third quarter of 2024. For instance, improved earnings power from an enterprise-wide transformation drove industry-leading net income of $8.6 billion. Additionally, the company returned $9.8 billion to shareholders in the quarter and increased its fourth-quarter dividend to $0.99 per share, which demonstrates the company’s strong financial position and its focus on providing higher returns to investors by increasing regular dividend payouts. Moreover, the company has expanded oil production offshore in Guyana with a new multi-billion-dollar Hammerhead project, which would increase production capacity and strengthen the company’s presence in the Guyanese oil sector.

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