Phenom1

Exxon's High Valuation Is Hard to Comprehend

XOM production reserves are not an issue as they are valued very conservatively, and selling their own reserves @$38/bbl makes little sense when they can sell entire fields in the anti-oil US for $120+ oil-equivalent.

They have $36 billion in cash and another $200+ billion in Treasury stock which they purchased on the open market at less than half its current value...their stock repurchase rate is about $8 billion/ quarter...do the math, at this rate, they can take the company private in a little over 12 years!

Exxon CEO Favors Carbon Tax Over Cap and Trade System

How about we get rid of the hubris which believes that an earth that has been around for so many millennia, and survived admirably despite all sorts of natural disasters such as comets, meteors, a worldwide flood, solar emissions, ice ages, can be affected so adversely in a brief moment of geologic time by what man has produced. The world is actually cooler now than it has been on average for the past century or so. Silly, this greenhouse emissions stuff.

How Evil is Exxon-Mobil?

Good analysis! Wish more saw it like you. When will our politicians stop pandering to whom they think are ignorant voters?