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Exxon the best oil company to invest in? (lemmy.world)
submitted 1 year ago by to c/investing@lemmy.world
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looking at their fundamental financial data, to me it looks like an absolute banger of a company. they heavily invested in projects that are going to double their profits from 2024 levels by 2030, which is already starting to reflect in the financial statements (annual on the left side of the graphic, the quarterly data on the right side. What do you think about this one? Unfortunately i cannot upload multiple images with charts regarding their competition (Chevron, Occidental), but this one has me excited the most.

Let me know if you would like to see a post with these charts covering other companies that you like!

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[–] 4 points 1 year ago (1 child)

Oil and energy stocks are one of the last things that I would put money in long-term. It's pretty clear that the market hasn't really priced in the cost of climate change and the bill is coming due faster than people thought. Timing the market to get out is going to be really hard.

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  • [–] [S] 0 points 1 year ago

    In my view, energy is the economy and a well diversified portfolio betting on the growth of the economy should at least consider including energy stocks (in my view a must). Other energy sources such as Nuclear will be the future, but the reality is that the world needs energy sources available now to help transition to clean energy. Until you need to get out the market because demand is not there anymore for oil, the well run energy companies will have returned the initial investment many times over

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