Overall, based on current events and statistical data, I will invest in Exxon Mobile (XOM). On March 17th the opening price of the stock was $83.68 and is currently priced at 1:12 pm at $84.05. Within the past six months, the stock has been on a rising trend. The stock was at 52 week low of $66.55 and has a 52 week high of $89.78. Now the oil stock is approaching the high and according to financials sources it might even surpass it. Another reason why I choose to buy the stock is because according to financial analyst of the Motley Fool, Tyler Crowe, Exxon Mobile is "not a stock people need to babysit. It is conservatively managed, diversified, and one of the best-run oil majors." (Crowe). The corporation has "91.1 billion reserves of oil barrels, produces 4.1 barrels of oil equivalent a day" and plans to restart a refinery in Torrance. Thus, showing the the stock active plans to grow and expand.
Crowe, Tyler. "Three oil and gas stocks you don't have to babysit." The Motley Fool. The Motley Fool. http://www.fool.com/investing/general/2016/05/07/3-oil-gas-stocks-you-dont-have-to-babysit.aspx. 6 May 2016.
Yahoo Finance. "Exxon Mobile." Yahoo finance. http://finance.yahoo.com/q?s=XOM. 17 March 2016
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