Sponsored Links 
XOM Retains Spending Plans
Exxon Mobil Corp. (XOM - Analyst Report) said today that it will stand by its planned capital spending range as it aims to invest between $25 billion and $30 billion annually over the next 5 years.
The oil producer's latest move comes as a surprise considering the current economic climate as well as the volatile oil prices that has declined over 70% since last summer.
Exxon Mobil expects capital spending to reach $29 billion in the current year. In 2008, the company’s capital spending stood at $26 billion.
A month earlier, the Texas-based Exxon Mobil broke its own record for a U.S. company, by posting a profit of $45.2 billion for 2008.
Shares of the Zacks #3 Rank ("Hold") stock are down more than 4% today.
 |
 |
 Share |
 RSS |
 Rate Pos |
 Rate Neg |
 Comment |
|
|
||||||
Free Stock Analysis From Zacks
Includes Zacks Long-Term Recommendation and Target Price
Loading Stories...Related Content
Best Stocks. Best Insight. Join Now...it's FREE!
Over 550,000 investors look forward to the timely insights in our email newsletter; Zacks Profit from the Pros. In each daily issue you will find:
- Free Four Zacks #1 Rank "Strong Buy" Stocks
- Free Timely Market Commentary
- Free Wealth Management Tips
- Free Profitable Strategy Screens
- Free Bull and Bear Stocks of the Day
Zacks FREE Registration
X Close
Loading Stories...Most Popular on Zacks.com
-1.24 %
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
More Zacks Links
| Market Summary | Feb 10, 2010 09:38 am ET |
[CLICK TO CLOSE X]