Assessing Jasmine Revolution's Impact on Exxon Mobil Production

Filed under: Exxon Mobil (XOM)

Exxon Mobil Corporation (XOM) is the largest independent oil and gas exploration and production companies in the world and competes with other major oil companies like BP, Chesapeake, Anadarko and Chevron. In our recent article titled Sizing Up Egypt's Impact on Exxon, we tried to give an idea of Egypt's importance for Exxon Mobil and how the unrest in the country could affect its stock price. We also discussed how the situation in Libya forced BP to start evacuating its staff from the country in our article Unrest in Libya Could Jeopardize BP Exploration Deal. With the political unrest spreading to more countries over the past few weeks, this may be a bigger concern for Exxon Mobil and other oil & gas majors worldwide. We have a current price estimate of $78.97, which is about 10% below the market price.

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Assessing Jasmine Revolution's Impact on Exxon Mobil Production originally appeared on BloggingStocks on Mon, 28 Feb 2011 17:40:00 EST. Please see our terms for use of feeds.

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