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Exxon Shares Outlook On Gas Demand

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Brian O'Connell
June 6, 2012

Looking to stem the tide of slipping oil prices, ExxonMobil is taking both a long- and short-term view on natural gas exploration.

Exxon needs another revenue option, as the steady slide in oil prices has taken a toll on the company’s stock price. No investor should make big portfolio decisions based on one week’s worth of trading activity, but the past few days haven’t been kind to Exxon shareholders.

The company’s share price fell from $82 per share to $78 per share from May 29 to June 4. From March ...

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