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
Related Headlines
- Crude awakening: OPEC may defend $90 oilposted 827 weeks ago on BloggingStocks
- Option update: XOM and COP elevated as oil breaks $99posted 826 weeks ago on BloggingStocks
- Oil flat after hitting record $99.29 a barrelposted 826 weeks ago on BloggingStocks
- Clean Harbors (CLH): Cleaning up in hazardous wasteposted 762 weeks ago on BloggingStocks
- A look at Diageo's announcementposted 762 weeks ago on BloggingStocks
- Why is put volume exploding on Potash Corp. of Saskatchewan?posted 762 weeks ago on BloggingStocks
- DailyFinance today: An ideal portfolio, oil contango, stimulus bill and more ...posted 762 weeks ago on BloggingStocks
- Is this the 'Great Recession' and how will we get out of it?posted 762 weeks ago on BloggingStocks
- Home prices continue to drop, but is it really a bad thing?posted 762 weeks ago on BloggingStocks