Seeking Alpha

Exxon caps strong year with Rosneft exploration JV

  • It’s been a fine year for Exxon Mobil (XOM +0.6%), with shares recently hitting 15-month highs and rising 16.5% YTD; a post-Christmas push looks to be a response to XOM’s announced joint venture with Russia's Rosneft (RNFTF) to launch a pilot program to drill horizontal wells and revive old wells in western Siberia.
  • XOM is one of the cheapest Dow stocks and while its earnings and revenues dropped this year, it still managed to outperform the industry average.
  • XOM predicts a 35% increase in global energy demand by 2040, sparked by more efficient, energy-saving programs and technologies, increased use of natural gas and other less-carbon intensive fuels, and continued development of advanced exploration and production technologies.
Comments (10)
  • not as good as Lockheed/Martin. http://bit.ly/1gkERYS incredible.
    31 Dec 2013, 03:45 PM Reply Like
  • I note that XOM is up nicely today and has been a strong uptrend ever since Warren Buffett announced his purchase of 40,000,000 shares. There is more to the story though. The Company's heavy capital investments over the past five years are showing promise and the market is now recognizing that.

     

    While, I have no earthly idea of where XOM or any stock will be next year, or the year after. I do have a strong conviction that XOM will be a rewarding, conservative investment for patient investors. It is not for traders or putative experts doing retrospective investment analysis. Investment is all about the future, not the past, although the past can be useful in a very broad sense.
    31 Dec 2013, 03:56 PM Reply Like
  • Thats what I like about the stock market. Shares of one of the biggest companies in the world rise 16.5% while its earnings and revenues drop. If there are any fundamentals traders still out there contact the Smithsonian. They want to store you in one of their exhibit rooms for future visitors.
    31 Dec 2013, 04:00 PM Reply Like
  • ^^^ Nice.
    1 Jan, 12:54 PM Reply Like
  • Hey, Omar and June. Just stay on the side lines and let those of us enjoy the Exxon experience that we have been enjoying for years.. God bless America in that you get to make decisions like that and you get to enjoy the results of your convictions. Have a Healthy New year!!!!!!!
    31 Dec 2013, 04:30 PM Reply Like
  • There are stocks out there that have never made a profit that have no cash on hand and are just internet sensations that seem to fly up to the top at least with XOM you have something besides smoke and mirrors
    31 Dec 2013, 04:43 PM Reply Like
  • I sat it out on the side lines most of 2013 and still made 20% in stocks. "June" was 100% correct with that statement.
    1 Jan, 01:00 PM Reply Like
  • If buffett doesn't buy in, XOM closes 2013 in high $80's low 90's at best.

     

    Imo, CVX ,COP, & BP will outperform XOM in long term.
    31 Dec 2013, 04:55 PM Reply Like
  • Exxon Mobil Corp., Is an American multinational oil and gas corporation and is the world's third largest company by revenue. ExxonMobil is also the second largest publicly traded company by market capitalization. The company was ranked No. 5 globally in Forbes Global 2000 list in 2013 . ExxonMobil is the largest refiner in the world and is the largest of the world's supermajors. It has increased its dividends for 30 consecutive years and has had 5 forward stock splits in its history. Its dividend yield is 2.50 %, I am long XOM.
    31 Dec 2013, 09:09 PM Reply Like
  • Yes, they may not be perfect but there is something there that does make money LONG TERM
    2 Jan, 08:48 AM Reply Like
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