GLG News Analyses of the following article:

Exxon Struggles To Move The Needle

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Published at: www.forbes.com

Michael LynchConsultantMichael E. Lynch

Higher crude oil prices and natural prices can and will move the needle

October 30, 2009

ExxonMobil earned $4.7 billion in the third quarter of 2009, in line with its peers. Earnings were off 68% from last year. Liquids production were up 2%. The poor results are surprising when the company just reported the start up of three liquefied natural gas (LNG) trains in Qatar's North field. Train number 4 scheduled to go on line by end 2009. Projects will generate 5 billion cubic feet /day and 300,000 bbl/day of high quality liquid. If Qatar can barely move the needle, what can?

Look at the big picture

October 30, 2009

Analysis by: GLG Expert Contributor

ExxonMobil has always excelled at picking viable projects and flawless execution.  They are not so concerned about quarter to quarter performance as looking long term.  They won't be rushed into bad plays and have the financial strength to be selective and do things strategically.  Long term they will continue to outperform.