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Oil Industry Doubled Its Profits, Now It’s Your Turn

|May 3, 2022

The price of oil and gas is soaring once again. According to AAA, Americans pay around $4.20 per gallon at the pump.

That’s not great for us, but oil and gas companies are breaking records. Some are reporting doubled (or, in Chevron’s case, quadrupled) earnings, and I think it’s time we get a share of the profits.

Watch today’s Take It to the Bank Tuesday and learn how to play a real giant in the oil and gas industry.

Or read the transcript below.

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05/03/2022 Take it to the Bank Tuesday Transcript

Hey everybody! Shah Gilani coming to you with your Take It to the Bank Tuesday, where I recommend what you should do with $100 today – as in, right now.

Markets are real choppy, which means you gotta go with what’s working You gotta go with the tried and true, the companies that are making great earnings and huge profits in the right industry. You have to look for the companies doing the right thing right now.

Because, again, it’s tough out there.

So, what do I recommend for your $100 today? How about the giant of giants in the oil business? Exploration, production, refining, you name it, Exxon Mobil (XOM) does it.

Look at the chart. It’s hitting it out of the park. We know that because we know oil prices have been hitting it out of the park. Not good for us at the pump. Not good for us for other reasons, too, but certainly good for XOM. And it just increased its share buyback program 3x to $30 billion. That means any time the stock comes down, Exxon will buy it. There’s gonna be a floor on it because it has $30 billion to spend on its own stock.

And believe me, it’s gonna continue to make windfall profits. They’re gonna increase that share buyback program.

Guess what? It’s also an incredibly profitable company with a gorgeous dividend – on a forward basis, a 4.13% dividend yield. Yeah. That’s absolutely fabulous.

You’ll get all this and heaven, too, because of record profits – just going through the roof. In fact, its earnings that just came out were its best since 2014, even with impairment for relinquishing some of its Russian assets. XOM took a ride down on that.

Yeah, it impacted Exxon, but take that out, and you’ve still got fabulous earnings. It could continue to do good now that Russia is, for the most part, behind them – [the Russian-Ukraine war] could get better somehow, someway (we could hope and pray), but right now, it doesn’t look like it. Nonetheless, for Exxon, it’s out of the way.

Exxon Mobil. For your $100, you get a nice, juicy dividend, and you’re gonna enjoy a ride higher. There’s a floor under it because it’s gonna be buying back shares.

So, get $100 worth of XOM today and take it to the bank.

Cheers. Catch you next week.


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