Bigworld, Exxon has a ton of debt, 2X more than they had in 2018, and are reportedly using debt to cover their dividend payments, never a good sign. Their bond rating was cut last year and again this year. They went from AA+ to AA to AA-. Chevron looks like a better bet if you want a Big Oil play, with a lot better looking long term chart, and also has a big dividend.
But I would stick mainly with the alternative energy side, not right now but after they bottom out. Valuations got too crazy, so will see where they finally bottom, could be considerable downside to go.
Commodity plays just aren't that cheap anymore. They were way down last year, but no longer.
It's a tough market right now, everything is already way up. Last year was easy, just pile into all those trendy ETFs and watch them fly, but no longer. This year came the rotation into cyclicals and 're-opening' plays, but that has already had a big run too. I figure no sense giving back last year's profits, so am over 50% in cash and T-Bills. Hopefully we'll get a big selloff later in the year.
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