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| Cheaper Alternatives to Exxon (XOM) |
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| Written by David Neubert | |
| Friday, 05 January 2007 | |
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Exxon (XOM) gets slammed by the Union of Concerned Scientists for trying to suppress science on climate change and hurt the planet for profit. See ThePanelist NewsFlash. I had a link to the ExxonMobile response but they seem to have taken it down from their website on Corporate Citizenship. I want exposure to the oil, gas and energy industries. Energy will only get more important as China and India continue to industrialize and become consumers. But Exxon is not the best way to play this exposure. At a p/e of 11.1 and a growth rate no better than other huge oil companies I can find better value and better morals (if only slightly sometimes) picking other energy companies. The oil companies and the trailing P/E ratios of companies I do own are as follows: Conoco Phillips (COP): 6.4 If Exxon were a real bargain, I'd hold my nose and buy it. Then I'd vote my proxies with some of the shareholder resolutions bent on trying to get Exxon management to behave themselves. Disclosures and Confessions: Except for Exxon (XOM) I own and have traded in the last two years) all the stocks named above. If I were to sell any of the oil companies named above it would be Statoil first. I also own February 70 strike calls on Chevron. I may also liquidate the Chevron Calls as they approach expiration. Disclaimer: Nothing in this blog is meant to be specific financial advice or a recommendation to buy or sell. I do not give investment advice. Do your own research. Do not rely on anything in this weblog to make investment decisions. I do not log all my trades here, I only describe or mention those that I think might be interesting. Consult an investment professional familiar with your specific financial situation before buying or selling any security APC 
BP 
CVX 
Corporate Accountability 
STO 
XOM 
Comments
(2)
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written by Will Glendening , January 08, 2007
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written by Susanna Stieff , January 08, 2007
I know BP is beyond petroleum and I know they are pursing the solar business, but isnt it a small fraction of their efforts? Is BP just green marketing (especially now that Lord Browne is being shelved)?
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Additionally, Norway’s federal tax which largely encouraged Statoil’s efforts could be a model for other nations and/or part of the post-Kyoto agreements. If this happens, any prospects for a Statoil sequestration business would presumably be handsomely strengthened.