Introduction
It took me a while to figure out how to write this as I did not want it to turn into an ESG rant. In this article, I will explain how to deal with Exxon Mobil (NYSE:XOM), which will
ESG Cannot Break Exxon
Summary
- Exxon Mobil has recently been under attack from ESG-focused investors with support from some of the world's largest asset managers.
- While this comes with certain risks, I do not see a situation where this lowers long-term oil demand/supply without consequences that would eventually lead to higher oil prices.
- I happily remain long Exxon as I believe the company has the ability to continue long-term wealth creation for its investors.
Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.
As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.
Analyst’s Disclosure: I am/we are long XOM, CVX, VLO. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
This article serves the sole purpose of adding value to the research process. Always take care of your own risk management and asset allocation.
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