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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Exxon Mobil Corporation (NYSE:XOM) is included among the Top 15 Growth Stocks for Long-Term Investors.
Global energy demand is reaching record levels and continues to rise. Economic growth, along with emerging drivers such as artificial intelligence (AI), is expected to keep oil demand increasing through 2030, while natural gas consumption is forecasted to grow by more than 20% by 2040. At the same time, the shift towards cleaner energy sources is gathering pace.
This environment favors Exxon Mobil Corporation (NYSE:XOM), one of the world’s leading energy companies. The firm is well-positioned to deliver solid earnings and cash flow growth through the end of the decade. Its expanding investments in lower-carbon initiatives also strengthen its ability to meet evolving energy needs.
Exxon Mobil Corporation (NYSE:XOM)’s roadmap through 2030 includes roughly $140 billion in capital spending over the next five years, focused on major development projects and its operations in the Permian Basin. The company expects these investments to yield lifetime returns exceeding 30%. With current oil prices, the company aims to boost its annual earnings capacity by $20 billion and its cash flow by $30 billion by 2030, representing compound annual growth rates of 10% and 8%, respectively. Such figures are impressive for a company of its scale.
As earnings and cash flow continue to expand, Exxon Mobil Corporation (NYSE:XOM) is positioned to generate substantial excess cash, supporting its ability to maintain and grow its dividends over time. The company has already grown its dividends for 42 consecutive years, which makes XOM one of the best dividend aristocrat stocks. The company offers a quarterly dividend of $0.99 per share and has a dividend yield of 3.58%, as of October 12.
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.
READ NEXT: 12 Most Promising Dividend Stocks According to Wall Street Analysts and 14 Best Food Dividend Stocks To Buy According to Analysts.
Disclosure: None.
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