Exxon Mobil Corporation (XOM)

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The Bull Case for Exxon

Small operators will have a hard time surviving Covid demand destruction. Ultimately creating a demand shortage

Other super majors moving capex away from Petroleum will aid in a demand squeeze.

Biden administration Keystone pipeline shutdown, oil subsidies elimination and Paris agreement. All very bullish for oil prices.

Exxon has a very steady and strong balance sheet. Exxon has invested heavy outside of America in Guyana where the break even is roughly $35 per barrel.

Regardless of what our perception of what the future will look like the reality is oil and gas still run the world today. We will definitely see another bull rally in oil before any kind of green energy transformation.