Exxon Mobil: Higher Oil Prices To Recover Share Price

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About: Exxon Mobil Corporation (XOM)
by: David Krejca
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Summary

Exxon Mobil is one of the world’s largest oil and gas companies.

The company’s business has been hit hard by coronavirus outbreak but oil prices may quickly recover.

DCF valuation and low commodities to equities ratio suggest the company’s shares are significantly undervalued.

Investment Thesis

Shares of Exxon Mobil (XOM) have experienced an unprecedented plunge as coronavirus outbreak and tensions in the oil market suppressed prices to record low levels. With signs of economic recovery, I