4 Energy Stock Stories to Fuel Mid-Week Chatter
Exxon Mobil Corporation (NYSE:XOM): Current price $89.61
The company reported Tuesday that it replaced 115 percent of its 2012 production by adding proved oil and gas reserves in an aggregate of 1.8 billion oil-equivalent barrels, including a 174 percent replacement ratio for crude oil and other liquids. Chairman and Chief Executive Rex W. Tillerson said that, “ExxonMobil’s industry-leading record of long-term reserves replacement is a result of our strategic focus on quality resource capture, disciplined investment and excellence in project execution. Replacing production with new sources of oil and gas enables ExxonMobil to develop new supplies of energy that will be critical to support future demand, economic growth and improved living standards.”
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.