Is Exxon Mobil headed for a fall? - MSN Money - Extra
A cautious discipline helped the oil giant become the world's most profitable company. But in today's high-risk, high-reward environment, the prize may go to the gamblers.
[Related content: Exxon, oil, stocks, investments, value stocks]
By BusinessWeek
Like the ever-expanding universe, Exxon Mobil (XOM, news, msgs) seems to know no bounds. Its $45 billion profit in 2008 was the biggest haul ever by a public company. The runner up? Exxon, in 2007. No. 3? Exxon, in 2006.
Plunging oil prices are sure to devour some of those earnings. But even that presents opportunity, for Exxon -- long the unchallenged exemplar of Big Oil -- has an enormous stockpile of cash and shares with which to buy rivals.
UFO Speaker in Town
Monday, February 16, 2009
Is Exxon Mobil headed for a fall? - MSN Money - Extra
Subscribe to:
Post Comments (Atom)
Posts
1 comments:
Mr Sharetipsinfo,
Your comment is brilliant and pls involve more in the future.
Thanks.
Malaysian Investor
Post a Comment