Posts Tagged ‘ExxonMobil’
While financial markets are not always right, it is useful to see what they have to say. Chart A plots the stock price performance of the three companies that are most closely tied to the oil spill–BP, Transocean and Halliburton. As you can see, the stock prices of the three companies have been hammered, realizing [...]
Now that I have many responses to my query about the value of Saudi Aramco, I would like to add my own two cents. The Financial Times estimate of $7 trillion is very rough. They were simply suggesting that if the Saudi Aramco reserves were 15-20 times as large as those held by ExxonMobil, then [...]
(For the latest on this topic, see “More Thoughts on the Value of Saudi Aramco”.) In the Financial Times last Friday the claim was made (FT subscription required) that Saudi Aramco has a value of close to $7 trillion, which would make it more than 20 times as valuable as ExxonMobil, the largest U.S. company, [...]
About Sheridan
Sheridan Titman is a professor of finance at The University of Texas at Austin and a research associate of the National Bureau of Economic Research. He was recently elected Vice President of the American Finance Association and is incoming President in 2012. He is also the Executive Director of the Energy Management and Innovation Center (EMIC) at The University of Texas at Austin.Learn more about Sheridan's research.
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