ExxonMobil Corp (NYSE:XOM)
CAPS Rating:
From the wells to the pump, Exxon Mobil is all about oil. The company explores, produces, transports, and sells crude oil and natural gas.
From the wells to the pump, Exxon Mobil is all about oil. The company explores, produces, transports, and sells crude oil and natural gas.
Recs
I am anticipating short and long term worldwide growth in oil & gas consumption. This will put upward pressure on oil & gas price. At the moment, XOM has a better portfolio of upstream oil & gas opportunities compared to CVX, RDS.A, COP and BP. And will be bringing on new production soon on several major projects including Papau New Guinea (gas) and Canadian oil sands/tar sands. Also, its downstream performance in terms of profitability, safety, reliability, is exceeding its competition. I also sense oncoming weakness it XOM's competition, primarily CVX, due to delays and cost overruns on major upstream projects including Gorgon/Janz and Jack-St. Malo.