Couch Potato Stock Portfolio: 7 Best Stocks To Invest In

5. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 104

Exxon Mobil Corporation (NYSE:XOM) engages in the production, trading, transportation, and sale of crude oil, natural gas, petroleum products, petrochemicals, and specialty goods. The firm is also concentrating on low-emission options such as carbon capture and storage, hydrogen production, and sustainable fuel development.

The company aims to more than triple its Permian output and produce 1.3 million bpd from its very profitable assets in Guyana. As a result, XOM expects to provide incremental growth potential of $20 billion in earnings and $30 billion in cash flow by the end of this decade.

In December, RBC Capital maintained its Sector Perform rating on Exxon Mobil Corporation (NYSE:XOM), with a price target of $115. The firm’s study recognized Exxon Mobil’s goal of increasing its activities in the Permian Basin and Guyana, as well as its LNG business. The company’s capital investment is increasingly focused on new growth areas. According to RBC Capital’s projections, Exxon Mobil’s free cash flow yield is estimated to be 5.4% in 2025, rising to 9% by 2030.