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Old 06-26-2008, 10:17 PM
 
Location: Tennessee/Michigan
29,052 posts, read 50,458,965 times
Reputation: 21283

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The petroleum giant is shying from risky exploration and spending money on buying back stock. Over the long haul, those moves could lead the company to go private or disappear.

Strange question to ask with oil above $120 a barrel and ExxonMobil reporting $11 billion in first-quarter profits?

Is ExxonMobil's future running dry? - MSN Money
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Old 06-26-2008, 10:25 PM
 
Location: Charlotte, NC (in my mind)
7,946 posts, read 15,848,522 times
Reputation: 4604
Could an Enron be happening? Wouldn't surprise me really. The bill for market manipulation always comes in eventually.
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Old 06-26-2008, 11:26 PM
 
Location: WA
5,545 posts, read 22,745,931 times
Reputation: 6315
Jubak has always been a questionable financial reporter and now he fancies himself as an expert in big oil. Exxon has always been a very conservative company and has a fantastic record of making the right call on capital expenditures. I expect they will continue to be one of the top oil companies with good results.
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Old 06-27-2008, 10:42 AM
 
16,092 posts, read 38,087,665 times
Reputation: 6305
My late daddy worked for Mobil for 32 years, and I worked there for several years. Although Mobil was quite conservative, Exxon was even more so. Daddy did pretty well investing in the stock while others said he should be buying something else. I have been in oil and gas for over 25 years and have watched the company closely. I don't see any need to worry. I recommend you buy the stock!
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