rbarksdale

Exxon Mobile: Do Record-Breaking Earnings Guarantee Higher Stock Prices?

No one has brought out the position that the record breaking incomes have caught the attention of washington who see an opportunity to tax these companies to bring down earnings. The market believes that under Abama, tax revenues will bring it to its knees. New well sites are ten years out, world demand will not increase as China uses its alternating day program, and hybrids grow in popularity. XOM will bank the money now to invest in new developments. Not a bright future for the next two years.