UBS Highlights Exxon Mobil's (XOM) Long-Term Energy Investment Potential

Exxon Mobil Corporation (NYSE:XOM) ranks among the stocks with low beta that can beat market volatility. On September 23, UBS restated its Buy rating for Exxon Mobil Corporation (NYSE:XOM), with a $143 price target. According to analyst Josh Silverstein, absolute energy demand will continue to rise into 2050, driven primarily by developing nations, which will likely consume significantly more energy, despite a projected decrease in energy consumption per capita as technology evolves.

Exxon Mobil Corporation (NYSE:XOM) that oil demand could rise to almost 105 million barrels per day by 2050, up from roughly 100 million barrels per day last year, thus requiring sustained investment in both current and future endeavors to meet global demand.

Exxon Mobil Corporation (NYSE:XOM) estimates tight oil output in the United States to peak around 2030, although the oil giant predicts that technology developments such as improved fracturing engineering and enhanced oil extraction methods could contribute roughly 2.5 million barrels of oil per day of recovery by 2050.

Exxon Mobil Corporation (NYSE:XOM) engages in the production, trade, transportation, and sale of crude oil, natural gas, petroleum products, petrochemicals, and specialized goods.

While we acknowledge the potential of XOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.