Investing in ExxonMobil Holdings Corporation (XOM): A Case for Long-Term Growth and Returns
In Q2 2026, First Eagle Investment Management's Global Fund A Shares returned 2.86%, with emerging markets and developed Europe driving the performance. Developed Asia (excluding Japan) and Japan lagged behind. Among equity sectors, information technology and financials led, while materials and energy underperformed. The fund underperformed relative to the MSCI World Index during this period.
ExxonMobil Holdings Corporation (NYSE:XOM), a leading US-based crude oil and natural gas exploration and production company, closed at $160.95 per share on August 31, 2026. Over the past month, the stock returned 5.74%, and its shares have increased by 41.95% over the past year. The fund praised ExxonMobil for its high-quality operations, strong capital discipline, attractive portfolio of durable assets, and commitment to returning cash to shareholders despite disruptions in its Middle East operations.
As of the second quarter, 96 hedge funds held ExxonMobil in their portfolios, slightly down from the previous quarter. Despite the positive outlook, the fund still believes AI stocks offer greater upside potential and less downside risk compared to ExxonMobil.
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