NEW YORK, March 29, 2011 /PRNewswire/ -- Exxon Mobil Corporation (NYSE: XOM: $83) has been picked by Standard & Poor's Equity Research as its Focus Stock of the Week. XOM carries S&P's highest investment recommendation of 5-STARS, or Strong Buy.
"As integrated oil companies look for new growth avenues, we think Exxon Mobil's size, scope, financial strength and technical expertise position it well to adapt to the challenges of a shift in the oil and gas market," said Michael Kay, Oil & Gas Analyst at Standard & Poor's Equity Research. "Access to global resources has become increasingly limited, reflecting a tighter grip on upstream supplies by exporting nations over the last decade."
Kay observes that national oil companies, particularly in Asia, have become major global upstream players and have boosted investment in overseas markets. He says this has added more players to an already crowded market, and has caused companies like Exxon Mobil to adapt. "In doing so, Exxon Mobil has used its strategic advantages to expand its foothold in frontier regions, onshore unconventional oil and gas plays, new markets for liquefied natural gas, and ventures with state-owned companies," added Kay.
To view a video of Mr. Kay discussing XOM paste the following link into your browser.
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