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Exxon Mobil (XOM) is downgraded to Perform from Outperform at Oppenheimer, which believes XOM...

Exxon Mobil (XOM) is downgraded to Perform from Outperform at Oppenheimer, which believes XOM can't maintain its $20B annual share repurchase even at higher oil and gas prices. Also, XOM is challenged just to maintain - not grow - its production organically, no discovery could be big enough to impact its valuation, and further meaningful cost savings are unlikely.
Comments (5)
  • SteveTheHawk
    , contributor
    Comments (1121) | Send Message
     
    The market is apparently not even noticing.
    2 Apr 2013, 11:53 AM Reply Like
  • hbarc
    , contributor
    Comments (10) | Send Message
     
    What a lot of hooey !!!!
    2 Apr 2013, 12:15 PM Reply Like
  • Larry Smith
    , contributor
    Comments (2479) | Send Message
     
    XOM's production will grow in ther 2014 through 2016 timeframe, they have a lot of large prpojects coming online. As for the $20 billion buyback, I bet they can keep it going.
    2 Apr 2013, 01:38 PM Reply Like
  • Anne Bonney
    , contributor
    Comments (78) | Send Message
     
    Uhm....I think that I will keep my stock. Not so sure that is a well reasoned downgrade. Or sounds like hooey to me, too. Or maybe the sages at Oppenheimer do not quite understand a few things about XOM.
    2 Apr 2013, 02:04 PM Reply Like
  • jake319
    , contributor
    Comments (83) | Send Message
     
    There maybe a generous amount of liability in the pipeline spill.
    Till they know how much they spilled underground it's a big uncertainy to further profits and projects.
    2 Apr 2013, 06:06 PM Reply Like
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