The Growth of $100 Invested in Exxon Mobil Over Five Years
Exxon Mobil (NYSE:XOM) has shown impressive performance over the past five years, surpassing the overall market by an annualized rate of 8.79%. This means that if you invested in Exxon Mobil, your money would have grown significantly during this period.
Currently, the market capitalization of Exxon Mobil stands at a robust $510.07 billion, indicating its strong presence in the energy sector.
Investing $100 in XOM
For those who took the step of investing $100 in XOM stock five years ago, that investment would now be worth $313.95, based on the current stock price of $117.55.
Understanding Compound Returns
This scenario highlights the power of compounded returns in investment. Over time, even a modest investment can grow substantially if the underlying asset performs well.
To summarize, Exxon Mobil's consistent growth and solid return on investment exemplify the importance of long-term investing strategies. Investors who remain patient and focused on their goals can reap the benefits of compounded returns.
investing, growth, returns