Summary

ExxonMobil has always excelled at picking viable projects and flawless execution.  They are not so concerned about quarter to quarter performance as looking long term.  They won't be rushed into bad plays and have the financial strength to be selective and do things strategically.  Long term they will continue to outperform.

Analysis

ExxonMobil has always excelled at picking viable projects and flawless execution.  They are not so concerned about quarter to quarter performance as looking long term.  They won't be rushed into bad plays and have the financial strength to be selective and do things strategically.

The growing attention EM is paying to gas is an example of their long term thinking that gas is a premium fuel and as such will be the preferred hydrocarbon fuel from an environmental perspective.  Their excellence in coking technologies is another indication that EM puts their resources behind producing what the market demands.  Their E&P technology group is outstanding.

Long term they will continue to outperform.

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