Since the beginning of the month, Exxon has outperformed its peers by over 6, leaving the company trading at a significant premium to the group. As such, we are downgrading Exxon to neutral, as the stock's valuation is not as compelling.
Quotes about exxon (16 Quotes)
It's not really clear there's any strong fundamental reason for the rally. The only conclusion is that there was a comment by the Exxon head that oil prices may be near a peak.
The improved American highway system isolated the American-in-transit. On his speedway he had no contact with the towns which he by-passed. If he stopped for food or gas, he was served no local fare or local fuel, but had one of Howard Johnson's nationally branded ice cream flavors, and so many gallons of Exxon. This vast ocean of superhighways was nearly as free of culture as the sea traversed by the Mayflower Pilgrims.
Exxon has really been about discipline. What Exxon brings to the table is their balance sheet, the technical expertise, and their operational management and development. That's where they shine.
When you have competing companies that are engaging in the raising of prices in lock step with each other, you have to question whether or not this in coincidence or price fixing. With the merger of Exxon and Mobil and Chevron and Texaco, we have very little competition among the energy companies.
That Exxon took chances with the livelihood of 32,000 people makes the conduct, from a common sense perspective, worse.
If a large holder is giving up on Exxon, a large holder gives up on a blue-chip stock.
We like, in energy, Williams Companies, which has been beaten down a little bit in the first quarter because of questions about accounting. But, again, I think they're a very clean company but natural gas pipeline is their business. We think, in the energy area, Exxon, which took a bad hit this week, is probably attractive at this point in time,
Exxon has a very, very strong culture, but Lee Raymond was a very strong leader. He was dealt a good hand, and he played it very well. The company changed a lot.
While Exxon shares initially fell by 4.5 percent on Dec. 1, 1998, in reaction to the merger, Exxon shares subsequently advanced 23 percent through Oct. 16, 2000, outpacing a 17-percent average advance for the major oils and a 17-percent advance for the SP 500.
Others have been more willing to take risks. Some say Exxon is actually being blind and missing out on huge opportunities for growth.
When the Exxon Valdez spilled in 1989, I was angry. I even wrote on the back of my car, Boycott Exxon!
We need a critical mass of business here in Jacksonville for each of us to stay in business. Each time Exxon buys a business lot, it's one less business that will help bring customers into Jacksonville.
The Bush administration said today there is a lot of support for us to attack Iraq. Exxon, Mobil, Texaco, Chevron, they're all lining up.
Exxon is a good corporate citizen but it does not work for the welfare of the country.
We were given an unrealistic time frame in which to participate. Exxon Mobil was asked to participate in this hearing with four business days notice. ... We could not make participation work with such short notice.