13 Most Undervalued Blue Chip Stocks To Buy According To Analysts

10. Exxon Mobil Corporation (NYSE:XOM)

Forward P/E, as of September 22: 13.9

Analyst Upside Potential, as of September 22: 13%

Number of Hedge Fund Holders: 92

Exxon Mobil Corporation (NYSE:XOM) ranks 10th on our list of the most undervalued blue chip stocks to buy according to analysts. The oil and gas multinational specializes in the exploration and production of crude oil and natural gas across the globe.

During the second quarter, the company’s upstream total net production expanded by 15%, equivalent to 574,000 oil barrels per day. Moreover, product sales increased by 10%. During the same quarter, the company logged $93.06 billion in revenue, up by 12.24%, and ahead of market consensus by $3.38 billion.

On the renewable energy front, Exxon Mobil Corporation (NYSE:XOM) completed its acquisition of Pioneer Natural Resources earlier in May. The acquisition will allow the company to increase its oil production to 2 million barrels per day by 2027. Moreover, Exxon Mobil (NYSE:XOM) will leverage Pioneer’s expertise to accelerate its net-zero emissions goal from 2050 to 2035. The company also reached an agreement with Air Liquide to produce carbon-free hydrogen, with 98% of CO2 removed.

In addition to that, Exxon Mobil Corporation (NYSE:XOM) paid $4.3 billion in dividends and initiated a $5.2 billion share repurchase program. Thus, XOM is not just a prominent player in the industry, but it is also a promising stock in terms of investor returns.