Fondos.Net - Exxon Stock

Exxon Stock

Exxon who was once known as Humble Oil & Refining Company is one fo the largest multi national corporations in the world that is involved in gas, coal, oil, and energy productions. In 1998, Exxon had an outstanding business presence in every country on every continent other than Antarctica and had over 79,000 employees. They also owned 31 refineries in 17 different countries. They managed coal mines in various parts of the world such as the United States, Australia, South America, and the copper mines in Chile. During all of this, they had some major shareholders. Many of the high shareholders of Exxon stock are the companies executives.

In 1998, Exxon’s (XOM) stocks were going for 76 dollars per share and some of the major big wigs bought into the stocks. Lee R. Raymond, CEO bought 453,211 shares, Harry J. Longwell, Vice President purchased 373,704 shares of stock from Exxon, Ansel L. Condray, Vice President purchased 767,150 shares, Rene Dahan, Senior Vice President, Director 90,014 shares and the list goes on and one, but you get the idea. These shareholders are all inside traders.

Exxon merged with Mobil which now makes Exxon-Mobil a powerhouse and the 18th largest economy in the world. They bring in revenues of over 180 billion dollars a year. Broken down, if Exxon-Mobil were a country, it would have an economy that is larger than Greece, Finland, Denmark, and Austria all combined. Exxon-Mobil is able to squash the competition and have operations in over 150 countries world wide.

Exxon has contributed money for research such as health matters that affect their workforce and risk management. In 1998, they donated 1.2 million dollars to minority and women oriented groups that were designed to help with more programs for youth, family support services, and revitalization of run down communities. They gave over 24.9 million dollars to educational programs and schools and contributed 83,500 dollars to Louisiana State University for their academic departments. This was just one of the donations to universities around the nation. They donated 1.7 million dollars total divided over 92 different universities.

If you are wanting to purchase stock from Exxon, you should do your research on the company. Check the rise and fall of the stock over the past month or so. The old saying, what goes up, must come down, is very true when playing the stock market. Know your company and the competitors before investing a lot of your hard earned money. If you are new to the stock market, check out investorguide.com to help you understand the stock that you are interested in purchasing a bit more. View the companies web site in which you plan to purchase the stock. Don’t just jump in blindly and think that you won’t loose your money. Research carefully and have fun.

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