12 Best Battery Stocks to Buy According to Billionaires

2. Exxon Mobil Corporation (NYSE:XOM)

Number of Billionaire Investors: 16

Exxon Mobil (NYSE:XOM), is a major integrated energy company that operates across upstream, downstream, and low-carbon solutions. It is expanding into decarbonized power for data centers, targeting the provision of low-emission energy to data centers, with initial operations planned by 2028. The company leverages its complete carbon capture, transport, and storage (CCS) system as a competitive edge in industrial decarbonization.

Despite market challenges, Exxon Mobil Corporation (NYSE:XOM) earned $34 billion in 2024—its third-best decade result. It generated $55 billion in operational cash flow due to strong Upstream and Product Solutions performances. However, for Q4 ended December 31, 2024, EPS dropped to $1.67 per share versus an expected $1.77 per share. Still, the company hit record production in the Permian Basin and Guyana, with Permian output projected to grow from 1.5 million barrels daily in 2024 to 2.3 million by 2030.

Exxon Mobil is moving forward with four CCS projects launching within the next two years. The company’s low-carbon segment, including CCS, hydrogen, and lithium should add $2 billion to earnings by 2030. These moves not only support cleaner energy growth but also use existing infrastructure for long-term profitability.

Thus, Exxon Mobil Corporation (NYSE:XOM) continues integrating low-carbon solutions while maintaining its conventional energy strength. With careful capital management and strategic investments, the company aims for sustained earnings growth. Furthermore, Exxon’s CCS and hydrogen expansion may strengthen its position as industries shift toward reduced emissions. As such, it is among the best battery stocks to buy.