These 5 Stocks Can Skyrocket if Donald Trump Wins US Election 2024

2. Exxon Mobil Corp (NYSE:XOM)

Number of Hedge Fund Investors: 85

Oil companies have traditionally thrived under Republican governments. Many believe Exxon Mobil Corp (NYSE:XOM) could be one of the biggest winners in the energy industry if Donald Trump becomes the next US President. In his last tenure Donald Trump had strong ties with Exxon Mobil Corp (NYSE:XOM) and its top leadership. Rex Tillerson, who served as the US secretary of state from 2017 to 2018 in the administration of Donald Trump, was the chairman and chief executive officer (CEO) of ExxonMobil between 2006 until 2016.

An analysis from Yahoo Finance took a detailed look at the possible benefits Exxon Mobil Corp (NYSE:XOM) and other oil companies could get if Donald Trump comes to power. Yahoo Finance’s report quoted Keith Bliss, global head of markets and strategy for BloxCross, who said Trump could reverse the renewable energy subsidies and regulations imposed by President Biden, which could give a boost to the traditional oil companies.

“Big oil will be able to export as much as possible to new markets. When you sum up the reduction in cost, the access to new markets, the reduction in regulation costs, and the ability to produce additional products with increased feedstock, then Big Oil will make even more money.”