02-18-2015, 02:45 PM
I'm relatively new to holding XOM. I'd like to build a core set of stocks I intend to hold forever. XOM, JNJ, PG, O are the ones I have in mind. XOM being the only one I'm holding right now with 37 shares @ $87.25
I know XOM has boatloads of cash, and they're the #1 or #2 biggest company in the world based on market cap, and energy diversification. However, with the gradual movement away from oil to renewable fuels why is XOM a buy and "hold forever" stock? Please excuse my ignorance.
I know XOM has boatloads of cash, and they're the #1 or #2 biggest company in the world based on market cap, and energy diversification. However, with the gradual movement away from oil to renewable fuels why is XOM a buy and "hold forever" stock? Please excuse my ignorance.