"What's wrong with Exxon Mobil?" While ConocoPhillips and Chevron shares have surged in the past...

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Street_fighter Comments (15)
 
The answer: exploration success, or rather the complete lack of it at XOM.
BP has been very successful (exploration-wise) in the deepwater GOM, and CVX has been very successful in maturing large scale LNG projects in Australia and Angola.
XOM's last big idea was to buy XTO and get into shale gas... look at the natural gas price and figure out for yourself if this was a good move.
Market cap is not as big a hindrance as mind-set.
11 Apr 2012, 11:26 AM Reply Like

kmi Comments (3844)
 
Yep I was thinking that, XOM has been moving into NG as NG has been moving downwards. I don't think it is a strategic error yet tho.
11 Apr 2012, 04:31 PM Reply Like

rjj1960 Comments (1027)
 
With that bankroll, XOM should be buying up energy companies left and right. Stop the share buybacks, leave the dividend alone and go after WLL,CLR,EOG,APA,TLM. Go buy reserves on Wall Street.
11 Apr 2012, 11:30 AM Reply Like

Poor Texan Comments (3488)
 
Would the DOJ jump on that as anti-competitive?
11 Apr 2012, 07:00 PM Reply Like

Husky Financial Comments (212)
 
Don't let shareholders of AAPL see this post.
11 Apr 2012, 09:27 PM Reply Like