tigris72poo

Oil Industry: Farewell, Good Old Days

Try $43 billion in annual profit Mr Snyder -after all expenses and depreciation. That is more than enough PROFIT in one year to buy Goldman Sachs or Boeing or Eli Lilly or Occidental Petroleum just to name a few. XOM is by far the biggest, most profitable and financially strongest company in the world. And they sell a product that is a necessity and they sell it for cold hard cash. I would certainly rather own XOM shares for the next 20 years rather than depreciating "ultrsafe" US Treasuries.