Retirement Stock Portfolio: 12 Energy Stocks To Consider

1. Exxon Mobil Corporation (NYSE:XOM)

ExxonMobil Corporation is an American multinational oil and gas corporation involved in the exploration and production of crude oil and natural gas in the United States and internationally. It is one of the best dividend aristocrat stocks tracked by Insider Monkey. Owing to the company’s strong profitability and financial stability, it has been gaining popularity amongst investors.

Its dividend yield has averaged 2.20% annually in the last five years. Moreover, the current yield for Exxon Mobil Corporation (NYSE:XOM) as of September 6 is 3.37%. Being a dividend aristocrat and demonstrating a positive dividend yield, it affirms a consistent shareholder return. Also recently making it to our list of 10 Best LNG Stocks to Buy Now, Exxon Mobil Corporation holds the first place on our list.

For the second quarter of 2024, Exxon Mobil Corporation (NYSE:XOM) beat earnings expectations with a reported EPS of $2.14, while expectations were $2.02. Its earnings of $9.2 billion have been the second-best second-quarter results in the last 10 years.  The company also achieved record production in Guyana and the Permian Basin. With oil prices between $60 and $80 per barrel, Exxon expects $80 billion to $140 billion in surplus cash from 2024 to 2027, boosted by the Pioneer acquisition. Having generated $10.6 billion in operating cash flow and $9.5 billion in its free cash flow for the period, the company also demonstrates a solid cash position. Shareholder returns totaled $9.5 billion, comprising $4.3 billion in dividends and $5.2 billion in share buybacks.

At the end of the second quarter, 92 hedge funds tracked by IM were bullish on this stock, holding a collective value of $61.83 billion. All in all, Exxon is a key player in the oil and gas industry, which presents itself as an attractive option for those looking for a consistent source of income, especially in their golden years.

Overall, XOM ranks first among the top energy stocks to consider. While we acknowledge the potential of energy stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. Retirement Stock Portfolio: 12 Energy Stocks To Consider is originally published on Insider Monkey.

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