7 Undervalued Blue Chip Stocks To Buy Right Now

5. Exxon Mobil Corporation (NYSE:XOM)

Analyst Upside Potential: 11.22%

Forward P/E, as of September 24: 12.69

Number of Hedge Fund Holders:  92

Exxon Mobil Corporation (NYSE:XOM) ranks 5th in our list of the 7 undervalued blue chip stocks to buy right now. With a forward P/E ratio of 12.69 and a market capitalization of $519.94 billion, Exxon Mobil Corporation (NYSE:XOM) is positioned attractively compared to its peers. Exxon Mobil Corporation (NYSE:XOM)’s aggressive expansion into liquefied natural gas (LNG) projects in Mozambique and the U.S. aligns with the global shift towards cleaner energy alternatives, responding to increasing demand for sustainable energy sources.

Additionally, its investments in carbon capture technology and biofuels showcase a commitment to sustainability, positioning Exxon Mobil Corporation (NYSE:XOM) for long-term growth as the energy landscape evolves. Exxon Mobil Corporation (NYSE:XOM)’s strong cash flow generation from its core oil and gas operations provides the financial flexibility necessary to invest in innovative projects while returning value to shareholders through dividends and share buybacks.

As the transition to cleaner energy accelerates, Exxon Mobil Corporation (NYSE:XOM)’s diversified portfolio and strategic initiatives position it well to capitalize on both traditional and renewable energy opportunities, making it an attractive choice for investors seeking growth in the energy sector. Exxon Mobil Corporation (NYSE:XOM)’s ability to generate significant cash flows from its core oil and gas businesses supports further growth.