This is why Exxon Mobil Corporation (XOM) is the Best Oil Stock to Buy amid the US-Iran War

This is why Exxon Mobil Corporation (XOM) is the Best Oil Stock to Buy amid the US-Iran War Neha Gupta Sun, May 31, 2026 at 1:59 PM GMT+2 2 min read XOM WFRD Exxon Mobil Corporation (NYSE: XOM ) is one of the best oil stocks to buy now amid the US-Iran Conflict . On May 21, Weatherford International announced it had secured a deepwater completions contract from Exxon Mobil Corporation (NYSE:XOM)’s affiliate Esso Exploration & Production Nigeria Ltd. for offshore Nigeria operations.

This is why Exxon Mobil Corporation (XOM) is the Best Oil Stock to Buy amid the US-Iran War Katherine Welles / Shutterstock. com The deal covers integrated upper and lower completions solutions aimed at enhancing safety, reliability, and efficiency across the well lifecycle. Weatherford will configure equipment through its global supply chain while supporting execution locally in Nigeria, underscoring ExxonMobil’s continued investment in complex deepwater projects.

On May 1, Exxon Mobil Corporation delivered first-quarter results that affirmed it is a fundamentally strong company capable of performing through disruption and across market cycles. Consequently, Wall Street firms led by TD Cowen and RBC Capital reiterated their positive ratings on the stock. Earnings excluding identified items and estimated timing effects totaled $8.

8 billion compared to $7. 6 billion delivered in the same quarter last year. ExxonMobil generated earnings per share of $1, or $1.

16 excluding identified items. Cash flow from operations totaled $8. 7 billion, or $13.

8 billion excluding margin postings, which primarily fluctuate with the fair value of underlying derivatives. On May 8, TD Cowen reaffirmed its Buy rating on ExxonMobil and set a price target of $172, insisting that the first-quarter results highlighted the company’s Middle East exposure. Separately on May 5, RBC Capital reaffirmed a Sector Perform rating on ExxonMobil with a $180 price target, noting the company is well-positioned to benefit from stronger commodity prices in the current conflict‑driven environment.

Exxon Mobil Corporation (NYSE:XOM) is a multinational energy and chemical corporation. It explores for and produces crude oil and natural gas, manufactures petroleum products and petrochemicals, and develops lower-emission technologies. The company serves global energy markets and operates through major brand names, including Exxon, Esso, and Mobil.

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