If You'd Invested $1,000 in ExxonMobil Stock 5 Years Ago, Here's How Much You'd Have Today

For years, ExxonMobil Corp (NYSE: XOM) was stuck in limbo. In 2007, for instance, Exxon stock traded at roughly $85 per share. In 2016, nearly a decade later, shares still traded at roughly $85 per share.The past five years, however, have been very different. Exxon shareholders have crushed the market. You may be surprised to learn just how much a $1,000 investment would have become since the summer of 2020.As one of the largest oil stocks in the world, Exxon is heavily dependent on the prevailing price of oil. Five years ago arguably marks the nadir of the oil price collapse that occurred due to uncertainty surrounding the ongoing global pandemic. In April of 2020, oil prices fell as low as $20 per barrel! By August of that year, prices had already rebounded to around $40 per barrel, but that was still one-third below pre-pandemic levels.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool