Exxon Mobil Stock Quotes

the Big Three own, which include America’s major airlines (American, Delta, United Continental), much of Wall Street (JPMorgan Chase, Wells Fargo, Bank of America, Citigroup) and car makers such as Ford and General Motors. Together, the Big Three are the largest single shareholder in almost 90 per cent of firms listed in the New York Stock Exchange, including Apple, Microsoft, ExxonMobil, General Electric and Coca-Cola. As for the dollar value of the Big Three’s shares, it has too many zeros to mean much. At the time of writing, BlackRock manages nearly $10 trillion in investments, Vanguard $8 trillion and State Street $4 trillion. To make sense of these numbers: they are almost exactly the same as the US national income; or the sum of the national incomes of China and Japan; or the sum of the total income of the eurozone, the UK, Australia, Canada and Switzerland.

Although much of what is written about finance would give a different impression, you are not providing funds for business investment by holding a company’s shares, directly or indirectly. As I have explained, companies large enough to be quoted on a stock exchange are, overwhelmingly, self-financing. The relationship between the long-term investor and Exxon Mobil is one of stewardship.

ExxonMobil provides a true example of ensuring safety is an integral part of their operating culture, where they strongly believe protecting the safety and health of their workforce is fundamental to its business. In 2007, ExxonMobil drillers in the Gulf of Mexico asked if they could stop drilling the Blackbeard West at 30,000 ft (the goal was 32,000) as they felt it was too dangerous to drill deeper, having experienced a ‘kick’ that made the platform tremble. The prize was over a billion barrels of oil and the geologists wanted to continue because of the rewards on offer. The decision was pushed right up to the CEO, who erred on the side of safety, saying the ‘Well’ had only cost $180 million dollars to date. He received strong criticism from Wall Street but no lives were lost. In contrast, the Deepwater Horizon drillers were ignored when they expressed similar concerns about the Macondo Well. This ultimately cost 11 lives, the loss of a platform, an environmental disaster, with BP’s costs and fines reaching $42 Billion to date. Clearly, executive level managers who consider the safety element in all their decisions can guide and impact others decision-making and actions to prevent disasters and personal injuries. This