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Deep Dive: This could be the perfect time to buy shares of Exxon Mobil and Chevron

If you think oil prices can remain at around $50 a barrel, or even rise, then shares of Exxon Mobil and Chevron look ripe for purchase, especially if you’re seeking dividend income.

Shares of both companies have fallen this year, pushing their dividend yields above 4% as some investors have been waiting for a better moment to jump onto the oil-recovery bandwagon.

In his daily Energy Report on Tuesday, Phil Flynn, a senior market analyst at Price Futures Group, provided hope to oil bulls, saying “the market should be expecting a big drop in crude-oil supply,” not only because of OPEC’s production cuts, but because of “signs that U.S.

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