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  • Exxon Mobile: Do Record-Breaking Earnings Guarantee Higher Stock Prices?  [View article]
    XOM is producing more or the same amount of oil. Unfortunately, it and all the operators who have International operations have contractual agreements as to how much they can extract monetarily before the country of origin receives a greater percentage of production. Because Oil Prices have risen and remained much higher than those Original Contracts envisioned, Oil being received will continue to decrease.

    XOM started to try to talk oil prices down for years based on this knowledge( at least, its former head did ). You can expect more announcements of this nature.

    They are starting to pay their "dues", years earlier than originally envisioned.
    Aug 04 00:18 am |Rating: 0 0
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