XOM: What is wrong with this stock? At least 40% of revenues are from Emerging Markets. Dividend yields only 2.5%, not impressive vs 6% at BP and TOT. Stock is trading at 11x 2010 which isn’t terribly cheap vs. historical, but still in value territory. If XTO purchase is validated beyond the other slew of deals that followed into Nat gas and infrastructure, then XOM will be value mine.
