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  • Author unknown

    Breaking Up Exxon Mobil (XOM) To Create Value

    http://www.eatingstock.com/?p=2699
    5 days ago in EatingStock.com · Authority: 4

    Oil companies are not typically the stuff of break-up actions. What would be the purpose of knocking Exxon Mobil (XOM) or Conoco (COP) into two pieces? Some of the answer to that comes from Canada. Encana, one of the largest oil and gas companies in the world, will cut itself in two. One new company will run the oils sands business of Encana. Another will handle natural gas. A look at Exxon’s “upstream” operations, which handle exploration and production shows that those businesses are growing quickly, especially outside the US. Earnings at the overseas “upstream” divisions at Exxon were $7.2… Read the rest at 24/7 Wall St.