Investors in Exxon Mobil (NYSE:XOM) stock have had a strong 2021 so far.
Source: Harry Green / Shutterstock.com
XOM stock is up over 33% year-to-date (YTD) and 40% over the past year. Yet regular InvestorPlace.com readers are familiar how challenging 2020 was for many oil names like Exxon.
In the initial months of the pandemic, cash flows struggled. Exxon faced sluggish demand and lower commodity prices.
The stagnant oil market led to the removal of XOM stock from the Dow Jones Industrial Average (DJIA), but developments in 2021 have meant an improvement in....More>>>