5 Best Energy Stocks for 2022

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 1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 71

Exxon Mobil Corporation (NYSE:XOM) occupies the top slot in our list of the best energy stocks for 2022. Exxon Mobil Corporation (NYSE:XOM) is the largest non-government-owned energy company in the world. The Texas-based energy giant was formed in 1999 after the merger of two corporations named Exxon and Mobil. The core business of Exxon Mobil Corporation (NYSE:XOM) is the exploration and production of crude oil and natural gas. In addition to this, the organization also manufactures and trades petroleum products. 

Barclays’ analyst Jeanine Wai has raised the price target on Exxon Mobil Corporation (NYSE:XOM) from $91 to $98 while maintaining the ‘Overweight’ rating on its shares. On April 21, RBC Capital analyst Biraj Borkhataria upgraded the rating on Exxon Mobil Corporation (NYSE:XOM) to ‘Outperform’ from ‘Sector Perform’.

You can also take a peek at 11 Best Renewable Energy Stocks to Buy Right Now and 10 Best Blockchain Stocks To Buy in 2022.

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