During the COVID-19 market crash, when oil prices temporarily plummeted to zero, Exxon Mobil emerged as a compelling investment opportunity. In 2020, due to the temporary downturn in oil prices, Exxon Mobil was removed from the Dow Jones Industrial Average, triggering a wave of selling. This event created a unique opportunity for investors to position themselves for the inevitable recovery in oil prices. Given that oil is the lifeblood of the global economy, it was clear that such depressed prices were unsustainable. This period presented a rare chance to invest in one of the world’s leading energy companies at a significant discount.
