Exxon Mobil (XOM) is sitting on mounds of cash but will probably use the funds to buy stakes in...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon Mobil (XOM) is sitting on mounds of cash but will probably use the funds to buy stakes in offshore fields from state oil companies rather than trying to buy up major rivals. Investors hope tomorrow's annual meeting will shed some light on Exxon's plans.