Exxon Mobil (XON) is the largest publicly traded oil company.
The company produces approximately 2.4 million barrels of oil and 12.1 BCF of natural gas daily, has reserves of over 24.8 billion barrels of oil equivalents and manages a best in class upstream operation including refining and chemical operations.
XOM has grown profits at a pace in excess of 15% over the last 10 years and earned a return on equity of between 17-25%. While the pace of Exxon’s dividend growth has not kept pace with profits (7% over the past 10 years), it is expected rise. The financial performance of XOM should be solid over the coming years as a result of:
(1) its reserves are diversified geographically as well as by product [conventional oil and gas, heavy oil, tight gas, liquefied natural gas]; its recent acquisition of XTO Energy raises its share of the world energy market,
