XOM - Exxon Mobile (NYSE Stock)

[BadThad]

What's to say? This is one of the biggest and best companies in the world. Look at the chart for the past 20 years....you just can't lose and you get the added benefit of nice dividends (1.60% yield)....but who needs those with stock performance like this.

If you're a long investor, this should be in your portfolio PERIOD. This badboy is where a major chunk of my retirement portfolio lies because it will be there for me in 20 years....only it will MUCH larger than it is today. :D


XOM on Google Finance

Ratings:

TheStreet.com - BUY
S&P - 4 Stars
Ford - STRONG BUY
Market Edge - LONG
Jaywalk - BUY

Today's Price: $81.81 (and rising super fast)

[Therion]

Exxon's pretty much a no brainer for any long term investors... considering we're gonna run out of oil in 25 years and its price will keep climbing steadily until then.

[BadThad]

Serious Bull here....at 90.47 and climbing. Please break into $100! lol

[BadThad]

Man, I need to own more of this stock! No other XOM owners out there?

[BadThad]

Dipped 1% this morning, took advantage and picked up 20 more shares....bound to rise again later today since oil prices moving up this week again (per news). This morning is a good time to buy if you've been watching. ;)

[BadThad]

Still down to $89.46 this after noon, so picked up 20 more....love the dips! :D

[BadThad]

News Today:

Exxon Mobil shares fall 2.2% to $90.80 in pre-market.

Exxon Mobil net income remains above $10 bln, but disappoints
9:23a ET July 26, 2007 (MarketWatch)
NEW YORK (MarketWatch) -- Exxon Mobil said Thursday its quarterly income fell slightly because of lower prices for natural gas and rising costs of doing business, causing the oil giant to miss its Wall Street profit target.

Exxon Mobil said second-quarter net income fell slightly to $10.26 billion, or $1.83 a share, from $10.36 billion, or $1.72 a share, a year ago.

Revenue fell to $98.3 billion from $99.03 billion.

Analysts surveyed by Thomson Financial forecast earnings of $1.96 a share on net income of $10.13 billion, on average.

Shares of Exxon fell 2.2% in pre-market trades at $90.76.

Exxon Mobil said lower natural gas prices were "mostly offset" by higher refining, marketing and chemical margins.

The company distributed $9 billion to shareholders during the quarter through $2 billion in dividends and $7 billion in share repurchases. Shares outstanding were reduced to 5.55 billion at the end of the quarter, from 5.63 billion at the end of the first quarter.

Fadel Gheit, an analyst at Oppenheimer & Co., said in a brief phone interview that the results were "disappointing" and that the company fell well short of its profit mark of $1.97 a share.

"Natural gas prices in Europe clobbered them," he said. "The cost of equipment, fuel, material and labor rose very sharply -- throughout the whole industry."

Should be another good buyin point soon. I'll be looking to add more!

[BadThad]

Sweet.....dropping like a brick! Down to $89.00 already. I know, I'm crazy since I've very long on XOM....but I WANT MORE MORE MORE! I won't be cashing this stock in for another 20 years.

[BadThad]

OMG...the panic is on! $87.80 and dropping every second. ROFL These people think XOM is going out of biz or something. SELL SELL SELL

[BadThad]

Rating news out today:

Fitch Affirms ExxonMobil at 'AAA'
3:48p ET July 31, 2007 (Business Wire)
Fitch Ratings has affirmed the following Exxon Mobil Corporation (ExxonMobil) ratings:

--Issuer Default Rating (IDR) 'AAA';

--Short-term IDR 'F1+';

--Senior unsecured 'AAA';

--Commercial paper 'F1+'.

The Rating Outlook is Stable.

The ratings reflect the company's strong competitive position in all segments of the global oil and gas industry, its very conservative balance sheet, and its strong cash flow generation. In the upstream segment, the company has a very large proven reserve base of nearly 23 billion barrels of oil equivalent (boe) with a proven reserve life in excess of 14 years. ExxonMobil has replaced over 100% of its production in each of the last five years at competitive finding and development costs. Currently, production is approximately 4.2 million boe per day, making it one of the world's largest hydrocarbon producers.

Downstream, ExxonMobil is the largest refiner in the world with over 6 million barrels per day of refining capacity through 40 refineries globally. The marketing arm of the segment sells gasoline and other fuels at about 35,000 service stations worldwide as well as servicing more then 1 million industrial and commercial customers globally. The company's chemical segment is also a worldwide leader in the petrochemicals business. Overall, the upstream component of ExxonMobil provides the bulk of the company's earnings and cash flow.

In financial terms, the company's conservative financial strategy is abundantly evident when examining ExxonMobil's balance sheet. As of June 30, 2007, the company has more than $33 billion of cash and cash equivalents, which exceeded its balance sheet debt of approximately $8.8 billion. The relatively low leverage translates into robust coverages as well. For example, the company's interest coverage, as measured by EBITDA/interest, was nearly 60 times in 2006. The free cash flow generation capability of ExxonMobil is tremendous as the company produced more than $26 billion of free cash flow after capex and dividends last year and will likely do so again in 2007.

ExxonMobil is the world's largest publicly traded integrated oil and gas company with additional interests in chemicals and power projects. The company is active in more than 200 countries and territories and had assets of nearly $220 billion and a worldwide regular employee count of about 82,000 as of Dec. 31, 2006.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.