ExxonMobil had been the king of the hill in the U.S. energy market for decades. It was routinely one of the most valuable companies in the entire stock market.
However, the oil company has fallen from its perch in recent years, briefly losing its place as the largest U.S. oil stock earlier this year. Weighing on the oil giant has been its inability to grow due to persistent volatility in the oil market and the accelerated adoption of renewables. It faces a long road to recovery, which might never happen. Because of that, our energy contributors don't think investors should bank on Exxon bouncing back. Instead, they believe Kinder Morgan (NYSE: KMI) , Chevron (NYSE: CVX) , and NextEra Energy (NYSE: NEE) have a better chance of outperforming not only Exxon but also the broader market over the long term.
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Forget Exxon, These 3 Energy Stocks Are Better Buys Right Now