Goldman Sachs told investors to buy shares of Exxon Mobil even though oil prices may stay low for the foreseeable future.
The investment bank added Exxon to its "conviction buy list," boosting the stock Wednesday morning even as oil prices fell more than 1 percent to below $50 a barrel.
Sign up for free newsletters and get more CNBC delivered to your inbox
© 2019 CNBC LLC. All Rights Reserved. A Division of NBCUniversal
Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.