Exxon Mobil Corporation Vs Eni S.p.A The two major oil companies are making their own world of tomorrow, one is very well known globally another one is not like that which make the revenue higher than another oil giant Shell according to the market capitalization.
Exxon Mobil Corporation (Exxon Mobil Public, NYSE:XOM Mkt Cap: 301.68B on April 2007), formerly Exxon Corporation, through its divisions and affiliates is engaged in exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. It is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. It also has interests in electric power generation facilities. Affiliates of Exxon Mobil conduct research programs in support of these businesses.
Financial Report of XOM
| Financial Highlights (billions of dollars) | 2005 | 2004 | 2003 | 2002 | | Total Revenue and Other Income | 370.7 | 298.0 | 246.7 | 204.5 | | Net Income | 36.1 | 25.3 | 21.5 | 11.5 | | Capital and Exploration Expenditures | 17.7 | 14.9 | 15.5 | 14.0 | | Average Capital Employed | 117.0 | 107.3 | 95.4 | 88.3 | | Return on Average Capital Employed (percent) | 31.3 | 23.8 | 20.9 | 13.5 |
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Another major Oil sector:
Eni SpA(Public, NYSE:E Mkt Cap: 301.68B on April 2007) with its consolidated subsidiaries is engaged in the oil and gas, electricity generation, petrochemicals, oilfield services and engineering industries. Eni has operations in about 70 countries. Eni conducts its exploration and production activities through its Exploration & Production Division and certain operating subsidiaries. Eni conducts its natural gas and electricity generation activities through its Gas & Power Division and certain operating subsidiaries. Eni announces $5.83 bn acquisition of Yukos assets. Major first step into Russian upstream market.
Conclusions:
The world's largest oil company said that renewable sources can't meet the world's growing energy needs so research dollars should be aimed at both developing renewable sources and at making fossil fuels cleaner.
