Oil. Big Profits. Big changes? By Edward Teague

5 March 2005 — The New Dark Age

Exxon Mobil (NYSE:XOM), buoyed by record oil prices, became (by market capitalisation, $411BN Shares at $64) the largest company in the world. They have taken No1 place from General Electric (NYSE:GE) whose Market Capitalisation is today, $382 BN Exxon Mobil also claim to be the largest oil co in terms of proved reserves and production, including 36% of known North American oil and gas reserves.

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