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5 Stocks for Mexico’s Historic Energy Reform

New laws expected to bring $20 bilion in invesment opportunity

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ExxonMobil

Big Oil, including ExxonMobil (XOM) and Chevron (CVX), is especially suited for entering the Mexican market given their large international operations. Exxon may have a leg up on some of its competitors simply because it has a history of doing business in Mexico through its chemical division.

Surprisingly, it already has 250 employees in the country. It operates a lubricant blending plant in Vallejo and a chemical terminal in the port of Tuxpan. It also has offices in Mexico City.

  • Zacks Rank #3 (Hold)
  • Forward P/E = 12.6
  • 2014 Expected Earnings Growth = 6%


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/energy-stocks-to-buy-xom-cvx-e/.

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