Some might say that the customers are working in a way that reduce per person energy consumption. But with the level of the oil and other energies, Exxon Mobil is in a very good place to create tremendous value for investors. Having the largest market cap and private oil reserves, XOM has produced growing net income with a much lower barrel price. Exxon is actually trading around 81$ and it had traded briefly at time amount acouple of time in the last year. When you look at a chart of XOM over the DBO ETF, you clearly see that Exxon, have not acted in sync with oil prices, exept for the last pullback. In the last month, the price has been under the key number of 81$ and with some big volume down days. The stock is working the way up and has strong chances to stay above 81 and hit higher levels. Quarterly earning grew more than 13% year on year. The Texas-based company is just starting how it can deliver strong earnings growth with the higher energies prices. Exxon is a major player in the energy field and has exposure from the research to the pump. XOM's create value for shareholders and does not implies a great risk.
$81.5 (08/28/08)
