I am glad that I was wise enough to buy XOm when it took a dive in 2020. Thought that I would hold on to this stock for a long time, or at least that was my plan at the moment.
Now, in these strange times, and even though the XOm stock is doing good, I am troubled by the thought that oil companies have the potential to free fall at a certain point.
To put it simply, in a cyclical industry like O&G oil prices are going up in a short period. That doesn’t smell like stability to me. The dividend is great and but maybe it is time to exit O&G
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