Exxon Mobil stock had a strong year, of course. Now comes time for it to share its prpfits with the community. The company will be giving nearly $400,000 to the University of Houston. The company’s educational matching gift program combines the generosity of the company and its employees to donate around $36 million to 900 different colleges and universities each year.
Exxon Mobil will begin exploring in deep water for oil in Turkey. The Turkish government agreed to let Exxon work with Türkiye Petrolleri Anonim Ortakl??? (TPAO) in the Black Sea. This new opportunity presents a range of potential upside for Exxon stock investors. However, the agreement comes at a cost of a 50 percent revenue share with TPAO, the Turkish government oil company.
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.
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.
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.
