BNET Industries
Exxon Mobil Corp. (XOM) is in the Energy Industry
- Revenue
- Dec 31 2007
- $404.5B
- Profit
- Dec 31 2007
- $40.6B
- Market Cap
- Oct 03 2008
- $404.8B
Latest News and Analysis
Energy Companies Follow the Big Pharma Model for R&D
By Peter Fusaro With high energy prices, one would think that energy companies would be awash with cash and would be investing in their future. But that doesn’t seem to be the case. The US energy industry in particular is only spending $4 billion on research and development while making...
Why Buy MLPs? Part II
Avi Morris submits: Since my article on MLPs, published just a few days ago, they have fallen to new lows. Let me comment. My interest began last year because of the high yields (at that time around 6%) along with their track record of growth. The Alerian MLP...
S&P 500 Energy Stocks
Hickey and Walters Bespoke submit: Earlier we noted that not one stock in the S&P 500 Energy sector was trading above its 50-day moving average. Below we highlight the individual stocks in the sector and where they're trading relative to their 50-days. As shown, Massey Energy MEE is...
Big Oil Companies Could Lose Out on Exploration Deals
Research Recap submits: The role of “big oil” companies such as Exxon Mobil (NYSE:XOM) in oil and gas exploration is coming under increasing pressure, according to Oxford Analytica. International oil companies [IOCs] offer technological expertise, operational capacity and project management as core strengths in striking oil and...
Five Years of Oil Price in Stock Prices
Kurt Wulff McDep Associates submits: Stock prices of Mega Cap buy recommendations including ExxonMobil XOM and Total S.A. TOT are likely to be higher by the turn of the year if the five-year pattern of oil price and stock price continues. Since 2003, stock price has marched upward with...
Still an Oil Bull, Lame or Not
Kevin Stecyk submits: Barron's Magazine has a great interview subscription required with Charles Maxwell, Senior Energy Analyst, Weeden & Co. How high do you think the price of oil will go from here? by Kevin Stecyk
SEC's New Plan Could Revamp Oil and Gas Reporting Rules
David Enke submits: A new proposed SEC plan will overhaul oil and gas reporting rules that have existed since the 1970s. The new rules will boost the proven reserves reported by oil companies, and in the process boost their shares and potentially increase interest in takeovers (see Financial Week...
Oil: The Inconvenient Truth
Michael Fitzsimmons submits: The title alludes to my feeling that the biggest challenge facing mankind especially mankind in the USA is not "global warming", but a future in which worldwide oil supply will not keep pace with worldwide oil demand. I have often commented on Seeking Alpha that the "oil problem"...
Energy Firms Should Look to U.S. Shale - Barron's
Many of the major energy players are busy searching the world for more oil and natural gas reserves. Barron's Dimitra Defotis thinks they should be looking closer to home, as U.S. shale fields hold enormous potential as a source of energy. BP BP is already charting a course in this...
Exxon Shareholders Suffer a Windfall Loss of 13.7%
Mark J. Perry submits: Exxon's XOM record profits and its possible "windfall profits" have received a lot of media attention recently - do a Google search for "Exxon's record taxes" or "Exxon's windfall profits" and you'll find several hundred thousand results for either. Do a Google News search for...
Oil Majors Exiting the Gas Station Business
Markham Lee submits: Here is an interesting graphic from the WSJ depicting the shrinking margins for gas stations due to the rising cost of oil: by Markham Lee
ConocoPhillips Is Latest Oil Major to Exit Low-Margin Retail Gas Stations
Money Morning submits: by Jennifer Yousfi ConocoPhillips COP is selling its remaining company-owned gas stations in the latest example of the changing face of the retail gas station business. by Money Morning
The Economics of Political Spin
Michael Fitzsimmons submits: Current political spin on CNBC and other supposed US "business" channels remind me of a line in the great movie Chinatown, staring Jack Nicholson, Faye Dunaway, and John Huston. I can't quote it exactly, but somewhere in the movie private investigator Jake Gitties played by Nicholson says...
Canadian Oil Sands: Gates and Buffett Visit
Ron Haruni submits: Warren Buffett and Bill Gates toured this week the Canadian Natural Resource Ltd’s CNQ Horizon oil sands project. The $8.7 billion development involves the extraction of oil sands reserves 70 km north of Fort McMurray, Province of Alberta. The men, according to Reuters, were given details on...
Support for Crude at $111?
Timothy Charles submits: Wednesday was an interesting day in the crude pits. First, the market opened substantially higher and crude moved straight up till the 9mm build of crude was announced by the DOE at 10:35am. Then it proceeded to have a $4 reversal over the course of the morning...
Petrobras: Buy and Sit Tight Like Soros
David Enke submits: As reported at Bloomberg.com, George Soros purchased an $811 million stake in Petroleo Brasileiro SA PBR, better known as Petrobras in Q2. The Brazilian oil company is now the largest holding in his fund, amounting to 22 percent of the total $3.68 billion of stocks and...
Oil, Housing and the Dollar
John Verke submits: Given the three false bursts of the oil bubble since oil started its ascent in mid-2007, investors are skeptical about the recent fall in commodity prices. The main reason is that oil prices seem to move very quickly in large percentages, bringing with it the...
Exxon Mobil: Bull or Bear?
Stuart J. Shaw submits: Down nearly 20% from its 52-week high, Exxon Mobil’s XOM stock has become quite controversial after reporting 2Q08 results see conference call transcript. I like controversy because it may yield investment opportunities. Here are the key issues, both bull and bear, as I see them. by...
The Market's View on Oil
The Moneygardener submits: The general rule when buying and selling energy and commodity names is the reverse to other stocks; "buy when P/E ratios are high and sell when P/E ratios are low". This strategy would work like a charm right now, if and only if the energy and commodity...
Too Soon to Re-enter Oil Stocks?
Henrique Simoes submits: Is it to soon to re-enter oil stocks? Oil stocks are down 11% year-to-date and down 21% from the year high established on May 20, responding to the 20% drop in oil prices. Yesterday, IEA, the International Energy Agency, raised its forecast for global oil demand in...
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- Incorporated: 1882
- CEO: Mr. Rex W. Tillerson
ExxonMobil, through its affiliates, is primarily engaged in the energy business, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. Co. manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a variety of specialty products. Co. also has interests in electric power generation facilities. Affiliates of Co. conduct research programs in support of these businesses. Co. has several divisions and hundreds of affiliates, many with names that include ExxonMobil, Exxon, Esso or Mobil.
Key Competitors
Exxon Mobil Corp. Company Info
Board of Directors
Mr. Rex W. Tillerson
Chairman
Mrs. Marilyn Carlson Nelson
Dr. Michael J. Boskin
Dr. Larry R. Faulkner Ph.D.
Mr. William W. George
Mr. James R. Houghton
Dr. Reatha Clark King
Mr. Samuel J. Palmisano
Mr. Steven S. Reinemund
Mr. Walter V. Shipley
Contact Information
5959 Las Colinas Boulevard
Irving, TX
972 444-1000
NAICS Code
Petroleum Refineries: 324110
