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How to Buy ExxonMobil Stock [2024] | Step-by-Step

How to Buy Exxon Mobil Stock [2024] | Step-by-Step
Bogdan Stojkov

Summary: As one of the largest publicly traded natural gas companies, investing in ExxonMobil (NYSE: XON) is a solid option for investors to venture into the energy sector. The most convenient way to buy ExxonMobil stock is through a reputable online brokerage platform, one of which is eToro.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

About ExxonMobil

ExxonMobil homepage. Source: exxonmobil.com

ExxonMobil is one of the largest publicly traded oil and gas companies globally. Headquartered in the United States, the company is involved in various aspects of the energy industry, including exploration, production, refining, and marketing of petroleum products. With a significant global presence, ExxonMobil has been a key player in the energy sector for decades.

If you’re looking for natural gas stocks that pay dividends, check out our 3 Natural Gas Dividend Stocks guide.

ExxonMobil IPO

An initial public offering (IPO) marks the first time a company’s shares become available for public purchase.

ExxonMobil had its IPO a long time ago, back in 1978. Since then, its shares have been actively traded on the New York Stock Exchange (NYSE) stock exchange, under the stock symbol XOM.

How to buy ExxonMobil stock: Step-by-step

If you’re looking to buy ExxonMobil stock, you can follow our simple step-by-step guide in the section below.

Step 1: Choose the right broker

The first crucial step in buying ExxonMobil stock is selecting a reputable brokerage platform. Brokers act as intermediaries between you and the stock market, facilitating the buying and selling of stocks. That said, our go-to broker is eToro, a popular platform with numerous investing features, such as:

  • Commission-free stock trading;
  • Access to over 2,000 stocks from 17 different exchanges;
  • The option to purchase fractional shares;
  • Charting tools;
  • A user-friendly platform that simplifies the trading experience. 

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

If you want a ready-diversified exposure to the natural gas energy sector, consider our guide on How to Invest in Natural Gas ETFs.

Step 2: Fund your account

Once you’ve chosen a broker, you’ll need to fund your account. This involves transferring money from your bank account to your brokerage account. Most brokers offer multiple funding options, including bank transfers and credit/debit card transactions. To do so, simply follow your broker’s instructions to complete this step.

Step 3: Place your order

With your account funded, you’ll be able to place an order for ExxonMobil stock. So, log in to your brokerage account and find the trading platform. Look for the option to buy stocks and enter the relevant details:

  • Ticker symbol: ExxonMobil’s ticker symbol is XOM;
  • Number of shares: Specify the quantity of shares you want to purchase;
  • Order type: Choose between a market order (buy at the current market price) or a limit order (set a specific price at which you want to buy).

Review your order and, if everything looks correct, submit it.

For investors based in Canada, feel free to check out our Canadian Natural Gas Stocks guide.

ExxonMobil stock price today

Pros and cons of buying ExxonMobil stock

Pros

Pros

  • Stability and dividends: ExxonMobil has a long history of stability and regularly pays dividends to shareholders;
  • Global presence: As a multinational corporation, ExxonMobil operates in various regions, providing geographic diversification;
  • Energy sector exposure: Investing in ExxonMobil allows you to participate in the performance of the energy sector.
Cons

Cons

  • Dependency on oil prices: ExxonMobil’s financial performance is closely tied to fluctuations in oil prices;
  • Environmental concerns: The oil and gas industry faces scrutiny for its environmental impact, which may be a consideration for socially conscious investors;
  • Market volatility: Like any stock, ExxonMobil’s share price can be subject to market volatility.

For the best natural gas stocks, consider checking out these guides:

Common investing mistakes to avoid when buying stocks

Failing to understand the fundamentals of a company before investing can lead to poor decision-making, and it’s one of the most common investing mistakes that you can make. Still, it’s not the only one—you should also be wary of:

  • Ignoring diversification: Overconcentration in a single stock, even a well-established one like ExxonMobil, can increase risk;
  • Emotional decision-making: Letting emotions dictate investment decisions can lead to impulsive actions.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy ExxonMobil stock

When will ExxonMobil stock split?

ExxonMobil conducted its most recent stock split back in 2001. However, as of early 2024, the company had not announced any plans for an imminent stock split.

Does ExxonMobil have preferred stock?

According to the restated certificate of incorporation, ExxonMobil has an authorized capital stock comprising 9 billion shares of common stock with no specified par value and 200 million shares of preferred stock with no specified par value.

What is ExxonMobil’s stock symbol?

ExxonMobil is listed on the New York Stock Exchange (NYSE) under the stock symbol XON.

Can I buy ExxonMobil stock directly from the company?

No, individual investors typically buy and sell ExxonMobil stock through a brokerage platform like eToro.

Is there a minimum number of shares I can purchase?

The minimum number of shares you can buy depends on your broker’s policies. Some brokers may allow you to purchase a single share.

How do I track the performance of my ExxonMobil investment?

Most brokers provide a portfolio tracking feature on their platforms. Additionally, financial news websites and apps can help you monitor ExxonMobil’s stock performance.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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