Exxon stock price climbed to $112.10 after U.S. rig counts fell, hinting at potential tightening supply in coming months. Commodity desk strategists see this as bullish for integrated oil margins. Exxon Mobil Corporation (NYSE: XOM ) ranks among the stocks with low beta that can beat market volatility . On September 23, UBS restated its Buy rating for Exxon Mobil Corporation (NYSE:XOM), with a $143 price target. According to analyst Josh Silverstein, absolute energy demand will continue to rise into 2050, driven primarily by developing nations, which will likely consume significantly more energy, despite a projected decrease in energy consumption per capita as technology evolves. Known for their enticing dividends, Chevron’s 4.43% annual yield is roughly on par with the industry average and tops Exxon’s 3.54%. These yields impressively edge the S&P 500’s 1.09% average. Exxon stock price edged higher to $112.35 mid-session as crude inventories fell for the third consecutive week. This pattern aligns with mid-year seasonal demand growth in gasoline and diesel markets.
