have had Exxon for over 35 years. Not sure to hold or sell. Even Jim Cramer says oil is in trouble. I am in the Trucking business and know that demand for diesel is not going away but for cars we will see movement to EV.
I do like the dividend on Exxon but like the shares better at $105 in 2014 than today’s value.
Which is why they are yielding 5.5%. Dividends look great sometimes and sometimes they are if the underlying share value continues to appreciate with inflation and a bit more. Otherwise they are harvesting the future.
Exxon will continue to do well with the discoveries in Guyana but it is a big company and it takes a lot to replace production each year. I never bet against Exxon though.