In this report we are going to compare the market value of Exxon Mobil with its book value. Market value will help to know whether the company is making profit or not. We will also discuss whether the terms with Iran and higher demand for oil from China and India effects Exxon's profits or not. The purchasing of stock is effective or it is giving a loss? The effect of oil taxes and duties on Exxon?
Book value is the value of all assets less all the debts and liabilities. Book value differs from market price. Book value can be determined from the company's records. The book value of a company is its base liquidation value. While, the market value is the lowest price a seller would accept and the highest price that a buyer would pay on property.
When prices first started to escalate the public was informed that it was due to the weather conditions that were affecting the refineries that were located along the gulf coast.
Due to an especially turbulent hurricane and tropical storm season this year. The refineries were supposed to be shut down to better prepare for the impact of the storms and to preserve the refineries. Shuttling down the refineries limited the gas supply to the public.
Limited oil supplies being processed through the refineries contributed to the rise in gasoline prices and the long lines at gasoline stations across the nation. Along with the inconvience of stations closing because they were out of gasoline. In the states with a mass transit system people had alternative options to driving their cars to get around. In the southern states where there are limited to no mass transit systems people had to accept the rise in costs and deal with the inconvenience. In urban cities...