Exxon Mobil (XOM US) $111.91

This week, Exxon Mobil reported the strongest-ever quarterly profit in its 152-year history and soon after, President Biden called for a levy tax on energy companies if they don’t use these high profits to bring down energy costs for consumers. While the stock prices didn’t really react to the news, this is a risk for energy companies around the globe as Governments grapple with the energy crisis. As the Chevron CEO pointed out, “Typically if you want less of something, you tax it,” implying that any tax would actually be counter-intuitive. Ultimately, massive underinvestment into global energy in recent years due to industry downturns, COVID, as well as policies centred on ending financing in fossil fuel projects, has been amplified by a war with no end in sight. This is a major issue that will not be resolved in the short term, the only real way to mitigate the impacts here is to own Energy producers such as Exxon and collect their quarterly dividends,  which should continue to rise.