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ExxonMobil Corporation

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ExxonMobil has a leading position in the energy industry owing to the size and diversity of its asset base, both in terms of business mix and geographical footprint. With a stable cash position, the company’s balance sheet is one of the best in the industry. This has allowed ExxonMobil to reward stockholders with a 6.3% average annual dividend hike over the past 35 years. The company owns some of the most prolific upstream assets globally along with the largest global refining operations. Notably, ExxonMobil continues to gain on ramped-up oil-equivalent production from Hebron field. However, significant turnaround activities, hurt the company’s throughput volumes. Moreover, ExxonMobil’s exit from a joint venture in Russia could limit the company’s upside. Also, over the past year, ExxonMobil has gained 4.7%, underperforming rival Chevron’s 8.9% rally. 

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