Exxon Mobil Stock is on Fire: Should You Buy Today?

Exxon Mobil (NYSE:XOM) is a Houston-based company that is engaged in the exploration and
production of crude oil and natural gas in the United States and around the world. It is one of the largest
and most influential oil and gas companies on the planet. Shares of this energy stock have climbed 40%
in 2022 as of mid-afternoon trading on September 29. The stock is up 48% from the prior year.

The price of WTI Crude was trading below US$85 per barrel at the time of this writing. Oil and gas prices
have softened considerably since they reached stunning heights in the first half of 2022. WTI Crude has
climbed above the US$120/barrel mark in the middle of June. However, worsening economic conditions
and increased global production have taken their toll on prices.

This company unveiled its second quarter fiscal 2022 earnings on July 29. It posted net income of $17.9
billion or $4.21 per share – up from $4.29 billion or $1.10 per share in the prior year. That said, Exxon
delivered these earnings during the peak of this market. Investors should expect these record earnings
to soften in the months ahead.

Shares of this energy stock currently possess a price-to-earnings ratio of 9.7. That puts Exxon in
attractive value territory at the time of this writing. Moreover, it offers a quarterly dividend of $0.88 per
share, which represents a 3.9% yield. This energy stock still offers nice value in the early fall.