Recession-proof your portfolio with these blue-chip stocks

American stocks are not doing well. The tech bubble is slowly bursting while the S&P 500 index has moved to a bear market. While this sell-off is painful, the reality is that it has made many good companies extremely cheap. Here are some of the best blue-chip stocks to buy the dip in.


ExxonMobil (NYSE: XOM) is one of the biggest oil and gas companies in the world. Its stock is valued at over $400 billion. Only Saudi Aramco is bigger. The company is printing money as the price of oil and gas surges. 

For example, in 2020, the company’s revenue crashed to $179 billlion. In 2021, this revenue surged to over $278 billion. It has jumped to more than $309 billion in the past 12 months. With oil and gas prices rising, the company is expected to hit over $350 billion in revenue this year.

Exxon has also seen its profit jump. In 2020, the company lost over $22 billion. This changed in 2021 as its net income surged to over $23 billion. It has made $25.6 billion in the trailing twelve months. Therefore, there is a likelihood that the ExxonMobil stock price will keep rising in 2022.

Occidental Petroleum

Occidental Petroleum (NYSE: OXY) is another oil company that is set to do well in 2022. The firm has operations in the Unied States, Middle East, and North Africa. In addition to oil and gas, the firm owns OxyChem, a company that manufactures various chemicals like chlorine, caustic soda, ethylene, and sodium silicates among others.

The Occidental stock price has surged by over 80% in 2022 as its revenue and profitality have risen. Its revenue rose from over $17.8 billion in 2020 to over $25.9 billion in 2021. Therefore, like Exxon, Occidental will likely continue soaring. 

Johnson & Johnson

Johnson & Johnson (NYSE: JNJ) is another all-weather blue-chip to buy in 2022. It is a large company valued at over $450 billion. In 2021, the company said that it will separate its consumer and pharmaceutical business in order to boost shareholder returns. The separation is expected to complete in 2024.

JNJ is expected to keep doing well since its products are highly essential regardless of market conditions. For example, people will always need its therapies, which are covered by insurance. They will also need its consumer products. Therefore, while the JNJ stock price has retreated recently, there is a likelihood that it will rebound.

The post Recession-proof your portfolio with these blue-chip stocks appeared first on Invezz.

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 All Rights Reserved.

To Top