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Friday Funny: ExxonMobil on the way out?
Posted on May 09, 2008
Jim Jubak is usually good, but this analysis falls way short. In an article found on MSN Money, Jubak asks are we witnessing the death of ExxonMobil. Indeed, it s a strange question with oil above $120. The author predicts that the company may turn private or disappear over the next 15 years or so, citing the fact oil and natural gas production was down almost 6% in the first quarter. Revenue, on the other hand, was up 34%, to $117 billion. If you want a laugh, keep reading....
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