Saturday, May 8, 2010

Exxon Mobil (NYSE:XOM) a Good Investment?

Exxon Mobil (NYSE:XOM) is always among the largest companies in the world, and oil company as well, with a market cap of just under $300 billion, although it fluctuates off and on.

With the strategy of investing about $125 billion over the next five years to increase revenue and profits, it looks like they are a serious company to consider for a safe and long-term investment.

The investment capital will be used to expand their chemical business, develop new upstream projects, increase the capacity at their refineries, and create new technologies.

Revenue over the past five years has grown by 60 percent, while profits have surged by 79 percent. It could easily reach and/or surpass those levels in the next five years as well.

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