Despite the ongoing momentum behind electric vehicles, oil giants ExxonMobil (XOM) and Chevron (CVX) are experiencing a resurgence. ExxonMobil is currently trading at approximately $102.30, while Chevron stands at $136.70. Analysts remain bullish, with some expecting XOM to push past $110 and CVX to approach $160 by the end of 2025, driven by favorable policy shifts and sustained global energy demand.
I personally acquired XOM shares at $111, and although the current price reflects a dip, I’m not concerned. The initiatives of President Trump’s administration, including placing tariffs on Chinese electric vehicles, reversing environmental rules, and announcing a national energy emergency, are expected to increase domestic oil output and perhaps raise oil prices in the long run now that he is back in office.
Several major stock analysis platforms — including Seeking Alpha’s Quant Ratings, Morningstar, and Wall Street analysts — currently rate XOM as a Buy or Strong Buy, consistently highlighting its profitability as the standout factor. While the push for clean energy continues, the demand for fossil fuels remains robust.