Exxon Mobil The Real Green Energy Essay

1013 words - 5 pages

The economy in the United States continues to struggle through a very sluggish recovery. We are constantly bombarded with terms like green, alternative or renewable energy sources as ways to save money and help the environment. However, there is not an alternative energy company that comes anywhere close to the revenues of the old-fashioned oil and gas industry. The “greenest” energy-as far as money goes- continues to be the multi-billion dollar oil and gas industry. What many people don’t know is that modern technology is helping this industry become more environmentally friendly. Despite gasoline prices almost doubling in the last six years, the rise of hybrid cars and a continued ...view middle of the document...

Their products are very diverse. They help power cities, lubricate industries and provide petrochemical building blocks that lead to thousands of consumer goods.
ExxonMobil operates in every continent except Antarctica. It is well known throughout the world by the following brand names: Esso, Exxon, and Mobil. They are more than just a gas company. They are the biggest players in the exploration for natural gas. XOM is using the technology of hydraulic fracturing to find the extract natural gas. This will cause the company to grow further because natural gas emits half as much carbon dioxide as coal when used in electricity generation. Eia.com projects that there will be a 56% increase in natural gas production between 2012 and 2040. Being heavily involved in this industry will help XOM continue to grow and remain a key player in the energy sector. EIA also projects that will surpass coal for electricity generation. By the year 2040, natural gas will be responsible for 35% of electricity generation. Perhaps workers that get displaced from coal plants will be able to transition to jobs in the natural gas industry.
Another thing that makes XOM very appealing is that increased oil and gas production with in the United States will decrease our dependence on foreign oil. It is estimated by EIA that by 2016, only 25% of United States petroleum and other liquids will be imported.
ExxonMobil is financially strong as well. Gurufocus.com rates it 9/10 for financial strength and 7/10 on profitability and growth. MSNmoney.com rates are a strong 7/10. Exxon paid out earnings per share of $1.91. Bidnessetc.com points out that not only have XOM paid a dividend for the past 100 years, it has increased annual dividends by an average 6% for the past 31 years. Fidelity.com states the most recent price per share as $100.41. The 52-week-low was $84.79 back in October of 2013. The 52-week-high has been...

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