How to Buy Exxon Stock
One of the largest of the big private oil companies, Exxon, has merged with Mobil and has billions of barrels of proven crude oil reserves around the world. Investors in Exxon Mobil are betting that the company can maintain its current output as well as boost reserves by finding new oil fields and technologies. This article will tell you how to buy stock in Exxon Mobil.
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Instructions
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How to Buy Exxon Stock
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Call your stock broker or sign-on to your own online brokerage such as Fidelity or E-trade.
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If using a broker, simply ask to invest X amount in Exxon Mobil. Your broker should advise on whether they think that is a reasonable investment or not.
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If using your own online brokerage account, navigate to trade and then click on buy stock. Input the ticker symbol for Exxon Mobil, "XOM." You should then be asked how many shares you want to buy or, alternatively, how much money you want to invest. Check the current market price on your preferred financial website to determine the amount per share.
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Click on buy with a "market order" for the simplest kind of trade. Note: A market order must be made while the NYSE (New York Stock Exchange) is open and normal trade is taking place.
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You should receive confirmation that you have bought X number of shares of Exxon.
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Tips & Warnings
Investing in individual companies can be risky. It is important that you do your research to determine if you think Exxon Mobil is a good investment. If you are new to investing overall, it is important to learn as much as you can about how markets and investments work.
The most important rule of investing is to never invest more than you can afford to lose.
