Will ExxonMobil Executive Committee accommodate President Trump or will we follow through on our Investor Press Releases.
Exxon Mobil Corporation (NYSE:XOM)
Number of Hedge Fund Holders: 86
Cramer noted the possibility that big oil companies might increase drilling under pressure from President Trump, who would likely target larger companies like Exxon Mobil Corporation (NYSE:XOM).
“Finally, Friday brings numbers from oil giant Chevron and Exxon. I don't wanna own the oils here because who knows if they cave to President Trump and start drilling like mad. I think they're gonna stay disciplined but if Trump wants more drilling, do you think he'll pick one of the little guys? No way. He'll go straight to Exxon and Chevron.”
Exxon (NYSE:XOM) is involved in the exploration and extraction of crude oil and natural gas. The company’s Corporate Plan for 2030, announced in December 2024, aims to boost earnings by $20 billion and cash flow by $30 billion over the next six years, with a focus on achieving 10% earnings growth and 8% cash flow growth.
The company plans to generate $7 billion in cost savings by streamlining operations and modernizing systems. Exxon’s (NYSE:XOM) capital allocation strategy prioritizes high-return investments, including a $140 billion commitment to major projects and Permian Basin development, expected to yield returns over 30%. This focus on strong investment returns has led to 42 years of consecutive dividend growth.
Overall XOM ranks 14th on our list of stocks to watch according to Jim Cramer. While we acknowledge the potential of XOM as an investment, 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 XOM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.