Exxon Mobil (XOM) Message Board

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Gold/Mining/Energy : Exxon Mobil (XOM)

XOM 114.52

+0.7%

3:59 PM EST

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From: JakeStraw	11/18/2010 3:34:32 PM
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This goliath has 80 billion barrels of oil equivalent in a diverse resource base that includes conventional oil, liquid natural gas (LNG), unconventional oil and gas (sources that are difficult to harvest using conventional drilling techniques) and oil sands. The company has more than 130 production projects in virtually every corner of the world and generated more than $300 billion in revenue in 2009. While 2009 year end reserves consisted of 62% oil, Exxon continues to diversify its asset base and position itself to benefit as the world moves toward cleaner burning fuel. In June of this year, ExxonMobil purchased Houston-based XTO Energy in a $41 billion deal. XTO's portfolio consists of vast reserves of natural gas primarily from unconventional resource basins in the United States. streetauthority.com

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