Seeking Alpha

Exxon Mobil (XOM) actually could use lower oil prices, WSJ's Liam Denning writes, since it would...

Exxon Mobil (XOM) actually could use lower oil prices, WSJ's Liam Denning writes, since it would cut the price of acquisition targets. And XOM, due to host its annual analyst meeting Wednesday, may need a big deal. Its output in 2012 was barely higher than in 2003, and half of it was gas as oil prices have soared and gas has tanked. So to buy its way to growth, XOM could consider a target such as Anadarko (APC).
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs