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Article: Exxon Mobil trudges forward.
- Article from:
- The Dallas Morning News (Dallas, TX)
- Article date:
- May 23, 2005
CopyrightCOPYRIGHT 2005 The Dallas Morning News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Sudeep Reddy
May 23--As oil and gas prices remain high, Exxon Mobil Corp. is socking away as much as $2 billion of cash into its coffers every month.
The world's largest publicly traded oil company could go on a shopping spree for other oil producers or ramp up spending on new projects.
Instead, Irving-based Exxon Mobil has staked out a position as the industry's symbol of stability, betting that a cautious stance will maintain its title as the most profitable oil company.
This week, the oil and gas behemoth will face another round of sharp criticism from shareholder activists trying to influence Exxon Mobil's stances on the ...