Big Oil, including ExxonMobil (XOM) and Chevron (CVX), is especially suited for entering the Mexican market given their large international operations. Exxon may have a leg up on some of its competitors simply because it has a history of doing business in Mexico through its chemical division.
Surprisingly, it already has 250 employees in the country. It operates a lubricant blending plant in Vallejo and a chemical terminal in the port of Tuxpan. It also has offices in Mexico City.
- Zacks Rank #3 (Hold)
- Forward P/E = 12.6
- 2014 Expected Earnings Growth = 6%