Posted: Thursday, March 6, 2014 2:00 PM ET
By: Julian Close
As everyone in business knows, you have to spend money to make money, but Exxon Mobil (XOM) has demonstrated that the reverse is not necessarily true. Spending money doesn't necessarily mean you will make money any more than breaking eggs necessarily means you will make an omelet. For the last five years, Exxon has been on an investment jag, furiously plowing money into the search for new oil production sites, additional capacity at existing sites, and new technology that might aid in these endeavors.
But as everyone, or everyone else... Read More