If You Invested $1,000 In Exxon Mobil When Joe Biden Was Elected President, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
Despite initial concerns that a Joe Biden presidency would negatively impact the oil and gas industry, Exxon Mobil Corp (XOM) has performed exceptionally well since the 2020 election, with shares reaching all-time highs and the company exploring lithium production. A $1,000 investment in XOM at the time of Biden's election would now be worth $3,049.89, a 205% return, outperforming the SPDR S&P 500 ETF Trust (SPY), which would have returned 38.1% on the same investment.
December 14, 2023 | 9:50 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) provided a 38.1% return over the past three years, which is significantly lower than Exxon Mobil's performance in the same period.
While SPY's performance is solid, it is not as remarkable as XOM's. The ETF's broader market exposure means it is less likely to experience the same short-term volatility as individual stocks like XOM.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Exxon Mobil's stock has seen significant growth since Biden's election, with a 205% return on investment and expansion into lithium production.
The positive performance of Exxon Mobil's stock and its strategic move into lithium production suggest a strong outlook, likely leading to continued investor interest and potential stock price growth in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100