Exxon Mobil Corporation (NYSE:XOM) also appears to be a good buy, as earnings expectations for the year aren’t expected to affect long-term profits, although oil prices for 2012 were not as beneficial for investors. It is also relatively near its fifty-two-week high of $93.67 when it closed at $89.15 for Feb. 4’s trading day, and has an EPS that improved 11.7% from the year prior, or total per-share earnings of $2.20 over the previous year’s $1.97.
The shale formations found in the US and parts of North America are obviously of significant benefit to RDC and its competition, as the massive amount of natural gas therein virtually guarantees a cap on prices for the coming years; said stability, of course, being proportional to the stability and earnings or growth potential of related stocks.
Some Words on Shell’s Pace
Along with Obama’s drive to ensure sustainability and reduced reliance on oil from foreign countries, forecasts predict that stocks in the energy industry and companies such as Royal Dutch Shell will be coasting on record-low prices for natural gas. Current and future investors alike will see its development as a boon despite of the upward trajectory of Royal Dutch Shell’s capital spending (as analysis from Merrill Lynch reports). Consider the fact that their confidence in garnering such costs only indicates that the company is optimistic when it comes to returns that will be generated from various market strategies and expanded business operations.
The article Oil Companies Just Don’t Go Down Easy originally appeared on Fool.com and is written by Josef Ray Dagatan.
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