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The Company's principal business is energy, involving the worldwide exploration, production, transportation and sale of crude oil and natural gas and the manufacture, transportation and sale of petroleum products.
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WJBii (92.00) Submitted: 4/21/07 10:32 AM : Start Price: $77.01 XOM Score: 47.33
Exxon is an excellent long term investment. XOM is the default pick for institutional investors when looking at oil stocks. If you expect oil to outperform the market (which I do) then XOM should soar as the big boys buy more. The recent price run up may cause short term jitters as XOM isn't currently excessively cheap (nor particularly expensive). Yet on the other hand, historically when the price passes $80 (now $79) they tend to split the stock. When that occurs you may also see a handsome boost to the dividend.
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