On top of this, Exxon has a fairly conservative capital structure. Indeed, its debt-to-equity ratio is a very modest 0.14.

Before getting into whether Exxon is a buy below $115 per share, it pays to get a quick understanding of Exxon's business.

ExxonMobil's decision to spend on the upgrade at its Baton Rouge chemical facility comes amid a surge in demand for microchips, driven by the rise of artificial intelligence. Chevron (NYSE: CVX ...