Exxon Mobil profit can be a controversial issue. Oil prices are like a lightning rod that Exxon stock must inherently grab onto. Here is some Exxon Mobil profits history.
Exxon Mobil Net Income (annual)
$36.13 billion (2005)
$39.50 billion (2006)
$40.61 billion (2007)
$45.22 billion (2008)
That’s $161.46 billion in the last four years.
The company paid out $117 billion in corporate taxes. That, of course, does not count the taxes paid by investors on corporate dividends and stock sale profits.
exxon mobil, history, oil prices, profits, stock
Exxon stock has been making nice and steady gains over the last five days. Its gains have approached nearlt 4.5%. That’s pretty high for Exxon. The company currently sits valued at over $350 billion with a trailing P/E of less than 10. Today, Tuesday, it moved significanly ahead of the market and the Energy sector with competitors ConocoPhillips up 0.06% and Chevron up 0.20%.
energy, exxon stock, p/e, sector
As oil ran near 20 percent this week, Exxon Mobil (XOM) stock stood nearly still registering a gain of only 1.4%. There came a signal today that Exxon Mobil topped the list of stocks with the largest outflow of money out of the issue despite the shares rising. Given the performance of the oil company stock this week that was no surprise.
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Many people ask about Exxon stock splits. Most assume that company has split several times, but this is not true. In fact, the company has only elected to split the stock three times. Once in 1987, 1997, and 2001. Each of these splits occured after the initial payment of dividends in 1987. Each of the splits was a 2 to 1 split. The initial dividend was just over 1 percent.
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Any good Exxon investor should know the basics of the company:
Exxon Mobil is a vertically integrated energy conglomerate that explores for and produces crude oil and natural gas. The company and its subsidiaries also manufacture petroleum and well as transport its energy products. Exxon is also engaged in the manufacturing of olefins, polyethylene, aromatics, and polypropylene plastics. The company has a limited interest in some power generation plants. The company is divided into 3 segments: Upstream, Chemicals, and Downstream.
crude oil, energy, exxon mobil, natural gas, petroleum
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