7 Most Profitable Cheap Stocks To Invest In

3. Exxon Mobil (NYSE:XOM)  

Number of Hedge Fund Holders: 92  

Forward P/E Ratio as of October 7: 15.32  

TTM Net Income: $34.16 Billion  

5-Year Net Income CAGR: 14.03%

ExxonMobil (NYSE:XOM) is a global energy giant with a diverse portfolio of operations spanning exploration and production, refining, manufacturing, and a range of upstream, downstream, and chemical activities. The company is making strategic investments in low-carbon technologies, including biofuels, and hydrogen while maintaining its leadership in the oil and gas sector.

In May, ExxonMobil (NYSE:XOM) acquired Pioneer Natural Resources for $60 billion. This acquisition is expected to boost the company’s oil and gas production, enhance operational efficiency, and create synergies across businesses. The company’s updated revenue structure suggests a 10.5% increase in total revenue in 2024 and an 11.5% increase in 2025 due to increased contribution from the Upstream segment. The company’s EBITDA is expected to increase by 8% in 2024 and 7% in 2025, due to a higher forecast for the Upstream segment’s revenue.

ExxonMobil (NYSE:XOM) presents a compelling investment opportunity in the energy sector. As of October 7, the stock has a forward P/E ratio of 15.32, ExxonMobil’s (NYSE:XOM) net income for the twelve months ending June 30, was $34.16 billion, a compound annual growth rate (CAGR) of 14.03% over the last 5 years.