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

Zinger Key Points
  • One of the best-performing large-cap stocks since President Joe Biden took office has been oil company Exxon Mobil.
  • Shares of Exxon Mobil hit all-time highs last week as a result of record-breaking gas prices at the pump.

The 2020 Presidential Election featured President Donald Trump running against Joe Biden. Investors and analysts pointed to several sectors that could benefit from each respective president winning the election. One sector that wasn’t seen as a likely benefactor of a Biden presidency has turned in impressive gains since November 2021.

What Happened: An election win by Joe Biden in 2020 was seen as a win for the clean energy sector and as a potential negative for oil stocks as Biden had publicly voiced opposition to pipelines.

One of the best-performing large-cap stocks since Biden took office has coincidentally been oil company Exxon Mobil Corp XOM.

The invasion of Ukraine by Russia is among the causes that have led to higher prices per barrel of oil and higher gas at pumps around the country. Exxon Mobil is one of several oil companies that has benefitted along the way.

Shares of Exxon Mobil hit all-time highs last week as a result of record-breaking gas prices at the pump.

Related Link: Is Biden To Blame For High Gas Prices: Here's What Oil Execs Say 

Investing $1,000 In Exxon Mobil: Oil company Exxon Mobil closed at $33.23 on the night of the 2020 Presidential Election. Shares opened for trading at $33.27 on Nov. 4, 2020, the day after Biden was declared the winner of the 2020 Presidential Election.

A $1,000 investment in Exxon Mobil could have purchased 30.06 shares at the open on Nov. 4, 2020. The 30.06 shares would be worth $2,879.45 today based on a current price of $95.79 for Exxon Mobil at Monday’s close.

The $2,879.45 value, which doesn’t count dividends, represents a return of 188% in just over 19 months.

Photo: Matt Smith Photographer via Shutterstock


Posted In: 2020 election2020 presidential electionDonald Trumpif you invested 1000 catalystJoe BidenOiloil and gasoil stocksNewsEducationPoliticsTop StoriesGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.