Barron's Cover Story: Buy Exxon (XOM) While You Can
November 16, 2009 12:51 PM
ExxonMobile (NYSE: XOM) is the biggest company in the world and the largest player in the oil industry, with a stock-market value of $345 billion which is $80 billion more than No. 2 Microsoft. Yet it is the second worst performer in the Dow this year.
In a Barron's cover story, Andrew Bary says that this is a tremendous opportunity for smart investors to buy into one of the most important companies in the world when the price is low. Exxon is said to have the energy industry's best management, best reserves, best returns and best balance sheet, as well as a very diversified revenue base among players that include BP (NYSE: BP), Chevron(NYSE: CVX), ConocoPhillips (NYSE: COP) and Royal Dutch Shell (NYSE: RDS.A). It also has the best oil refineries in the world, an exemplary chemical business, and is is one of only a handful of U.S. companies with a triple-A credit rating.
