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Exxon Mobil Corporation (NYSE:XOM) is included among the 15 Best Long Term Stocks to Buy According to Reddit.
Exxon Mobil Corporation (NYSE:XOM) and Enterprise Products Partners announced on November 20 that they will set up a joint venture to operate the Bahia natural gas liquids pipeline. As part of the deal, Exxon will buy a 40% stake in the pipeline from Enterprise for $650 million. Enterprise is currently finishing the 550-mile line, which will start out with the ability to move about 600,000 barrels of NGLs per day from the Permian Basin in West Texas to the company’s fractionation facilities in Mont Belvieu.
Both companies expect the project to be ready by the fourth quarter of 2027. The new pipeline is designed to support the anticipated 30% growth in NGL production from the Permian Basin by the end of the decade.
Exxon Mobil Corporation (NYSE:XOM) continues to operate in expansion mode. Last year, the company outlined its plans through 2030, which include about $140 billion in spending on major capital projects and the ongoing development of its Permian operations. That level of investment is expected to help the company generate an additional $20 billion in earnings and roughly $30 billion in cash flow by 2030. Its stake in the Bahia project fits directly into that long-term growth strategy.
Exxon Mobil Corporation (NYSE:XOM) is one of the largest publicly traded energy and chemical companies in the world, with operations spanning nearly every part of the oil, natural gas, and petrochemical value chain.
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 Best European Dividend Stocks to Buy Now and 13 Best Canadian Dividend Stocks to Buy and Hold for the Long Term.
Disclosure: None.
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