When you think of oil (black gold, Texas tea, and so on), you likely think of Exxon. One of the largest companies in the world, Exxon does more than just crude oil and gas ??? it also dabbles in electric-energy generation and synthetic motor oil like Mobil 1 (Exxon owns Mobil, by the way). The company owns oil wells and reserves all over the world.
The new oil spill in Montana is causing prices to drop a little bit.
hopefully it will stop effecting the stocks- 3 months ago
Exactly like Kady said one wouldn't think that far back would still have an effect unless the oil lost in the spill caused the prices to drop.- 3 months ago
The last oil spill in Montana was in July. You wouldn't think it would still have and impact on the stock market!!!- 6 months ago
I believe this company is too big to make any significant gain but at the same time it is a company that will produce solid returns over the long run with little risk. Just keep an ear out for green technologies though, if the green revolution puts electric cars on the road Exxon Mobil could be gone.
If gas prices go down in the summer, does that mean out stock values are going to drop? Exxon is a leader for gas companies but that's just a question that jumped to mind.
not around South Dakota- about 2 years ago
Don't gas prices typically go up during the summer?- about 2 years ago
Why is the stock going down when the price of oil is going up?
lol they sell it at that price cause the oil is more expensive to them but they still only make the same amount of profit- your thinking about yoour side of the story as a puchaser well they make so much money because we have to pay alot wrong oil gets expensive because of demand and the company only makes the same amount of profit kid- about 2 years ago
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Today's gain: $0.30 (0.37%)
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