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Is Exxon actually shrinking?

posted 785 weeks ago on BloggingStocks

Filed under: SEC filings, Exxon Mobil (XOM), Commodities, OilThis article was written by Minyanville contributor Vitaliy Katsenelson. I read a very interesting cover story article in BusinessWeek about Exxon Mobil (NYSE: XOM). I am usually skeptical of cover story articles, but they are onto something with this story (ok, that is maybe because I agree with them). As I've said in the past, Exxon is a classic religion stock, meaning investors own it because it has done so well in the past and because it is the best-managed oil company. Exxon is not analyzed; it is just owned -- bought or inherited and never sold. Well, neither reason is enough to just blindly own a stock which is what happens when one becomes a religion stock. Continue reading Is Exxon actually shrinking?Is Exxon actually sh

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