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!

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?