XON - Exxon Corp. Message Board

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Gold/Mining/Energy : XON - Exxon Corp.

XOM 114.36

-0.3%

Oct 31 9:30 AM EST

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To: Brumar89 who wrote (205)	11/23/1998 9:10:00 AM
From: Wes Stevens	Read Replies (1) of 242

You are right about no company being an island. But in the case of Exxon their main job is moving oil. I know the downstream part pretty well. I don't see anything in y2k that will have a long term effect on earnings. Short term there will be contingency plans to keep product moving - i.e. all terminals have backup generators ect. Longer term the only thing that could impact is the delivery of product to the refineries and the delivery of the refined product to terminals. Exxon has a fair amount of control in these processes and I do not see major disruption. As far as communications that is my area. There could be some major disruptions there. But even if there are, the trucks will continue to load and deliver product using manual invoicing. Every company will be effected by y2k probably a lot more than anyone expects. I think that Exxon will do better then most. I also have a very big chunk of my ira now in gold.

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