If You Invested $10,000 In Exxon Mobil When Oil Prices Went Negative In March 2020, Here's How Much You'd Have Now

Exxon Mobil Corp. (NYSE: XOM) is one of the top-performing companies in the United States since the stock market and oil prices crashed in March 2020, at the height of pessimism during the early stages of the Covid-19 pandemic.

Few people today will recall that on April 20, 2020, as a result of an oversupply of crude, oil producers were willing to pay buyers to accept barrels of oil, and WTI oil prices plummeted to a value of negative $37. 

Using this date as a reference, Benzinga analyzed how much money $10,000 invested in Exxon Mobil shares would have generated today and how this investment compares to other U.S. mega-cap firms during the same timeframe. 

$10,000 Invested In Exxon On April 20, 2020, Is Now Worth...

Exxon was founded in Texas over 150 years ago and merged with Mobil in 1999. It is now the largest oil firm in the United States with a market capitalization of over $440 billion and was the largest company in the S&P 500 from 2006 to 2011, when its weight was between 3 and 5%.

If one had invested $10,000 in XOM shares on April 20, 2020, that money would have grown to $31,363 on May 8, 2023, including dividends. 

Essentially, in slightly more than three years, this investment would have tripled the amount invested, with a total return of 313%. 

This performance has been even better than other S&P 500 heavyweights such as Apple, Inc. (NASDAQ: AAPL), Microsoft Corp. (NASDAQ: MSFT) and Meta Platforms, Inc. (NASDAQ: META)

There are only two other mega-cap stocks that can outperform the tremendous gains that Exxon Mobile has shown over the past three years.

A $10,000 invested in Tesla, Inc. (NASDAQ: TSLA) on April 20, 2020, would be worth $34,532 today, whereas the same investment in NVIDIA Corp. (NASDAQ: NVDA) would be worth $40,753.

Read also: If You Invested $1,000 In Exxon Mobil When Joe Biden Was Elected President, Here's How Much You'd Have Now

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