Exxon Mobil Corporation

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“famously at Exxon, governments come and go, but we're Exxon. That may be too strong for sure”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“famously at Exxon, governments come and go, but we're Exxon. That may be too strong for sure”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“famously at Exxon, governments come and go, but we're Exxon”

Daily Journal Annual Meeting 2023 — Munger Q&A

“Berkshire previously took a position in Exxon and then exited fairly quickly.”

Part 1 - 2021 Meeting

“There were then six U.S. companies on the list, and their names are familiar to you. We have General Electric, we have Exxon, IBM Corp”

2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A

“whether it's Exxon or Oxidon or anybody else, it doesn't work at these oil prices”

Buffett: Stocks are 'ridiculously cheap' if rates don't move | May 6, 2019

“whether it's Exxon or some wildcat driver. I mean, if oil goes way down, you don't solve that by hardly anything.”

Daily Journal Annual Meeting 2018 — Munger Q&A

“the great companies like Exxon were producing about a third as much as they use to at the peak, and yet they're still very prosperous”

Afternoon Session - 2018 Meeting

“it would be AT&T or General Motors and it was companies that ExxonMobil. It was companies that just required lots of capital”

Daily Journal Annual Meeting 2017 — Munger Q&A

“the people who succeed in most other businesses are doing way more physical volume than they did in the past. But a place like Exxon, the physical volume goes down by two thirds”

Daily Journal Annual Meeting 2017 — Munger Q&A

“We bought the Exxon position. You want to know why Warren bought Exxon? As a cash substitute.”

Buying Apple, selling IBM, missing Google | May 8, 2017

“It used to be Exxon Mobil up there and some. So the shift has been taking place.”

Buying Apple, selling IBM, missing Google | May 8, 2017

“You can't run ExxonMobil with negative capital. You can't run U.S. Steel, you can't run the railroads”

Morning Session - 2017 Meeting

“whether it was Exxon or General Motors or you name it. So we would love, I mean, there's no question that a business”

Buffett buys airlines and Apple | February 27, 2017

“because he was with ExxonMobil or because he's got a fair amount of money i've seen a lot of people enter high levels of public service”

Daily Journal Annual Meeting 2016 — Munger Q&A

“When you take Exxon and Chevron and so forth. What's happened to make those things good investments over the long term”

Defending Clayton Homes and Berkshire's IBM stake | May 4, 2015

“Exxon Mobil's large, apples large, Walmart's large. There's plenty of big companies around.”

Afternoon Session - 2015 Meeting

“ConocoPhillips and ExxonMobil. In the first day, since he bought shares near the height of the spike in oil prices in 2008, later acknowledging that this was a mistake”

Afternoon Session - 2015 Meeting

“we made a little money in Exxon Mobile, too. But we will not be buying very often oil and gas stocks. And with interest rates, we've been. so low in the dividend on ExxonMobil being as high as it was.”

Morning Session - 2015 Meeting

“big companies and successful companies, like Burlington Northern and Exxon and Chevron and so on, have a lot of engineers”

Morning Session - 2015 Meeting

“I mean, ExxonMobil's large, Apple's large, Apple's large, Walmart's large”

Fifty years of Buffett's Berkshire | March 2, 2015

“ExxonMobil is a wonderful company...ExxonMobil has been one of the great investments of all time.”

Fifty years of Buffett's Berkshire | March 2, 2015

“Exxon's an wonderful company. But you got to have an opinion on whether oil is going to be down here.”

Morning Session - 2014 Meeting

“we own some Exxon mobile and they've got an operation in the oil sands, obviously.”

"People react too much to short-term things" | March 3, 2014

“We're large, but ExxonMobil is large. Apple is large. I mean, there's other large companies.”

2013 Berkshire Hathaway Shareholder Letter

“41,129,643 Exxon Mobil Corp. .................... 0 . 9 3,737 4,162”

2011 Berkshire Hathaway Shareholder Letter

“plus 16 Exxon Mobils (the world's most profitable company, one earning more than $40 billion annually)”

Morning Session - 2011 Meeting

“pick Chevron against Exxon, against Continental, you know, and you name it”

Morning Session - 2011 Meeting

“And if you take 10 Exxon mobiles, you get up maybe another 4 trillion. And maybe not that much even.”

Warren Buffett 2008 Interview (Ivey Archive)

“Petro China at one time...was selling for over 1 trillion dollars, whereas Exxon was only worth 500 billion.”

"What's the sense of talking to management?"

“you can do the same thing with Exxon or BP or any of them, and I do that with all I look at them”

Afternoon Session - 2008 Meeting

“you can do the same thing with Exxon or BP or any of them, and I do that with all I look at them”

Afternoon Session - 2008 Meeting

“I don't think there's going to be the ALBO of General Electric or Exxon”

Morning Session - 2008 Meeting

“when it happens in oil, it happens to be Exxon, you know, people will propose occasionally we ought to put a terrible tax on Exxon”

2006 Berkshire Hathaway Shareholder Letter

“Of course, Exxon Mobil and other companies earn far more than Berkshire, but their earnings largely go to dividends and/or repurchases”

Wesco 2005 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)

“I think someone in Congress thought that the President of Exxon would run around and count the barrels of oil”

Poor Charlie's Almanack

“I'd still expect that Exxon's figures are fair.”

Morning Session - 2005 Meeting

“It produces probably 80% or so as much as ExxonMobil will produce.”

Morning Session - 2005 Meeting

“a much larger business than most of the, just about any oil company in the world, except for BP and ExxonMobil.”

Wesco 2004 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)

“I think tons of eminent people would serve on boards of companies like Exxon without being paid.”

Afternoon Session - 2004 Meeting

“But we don't learn because I would still expect that Exxon's figures were fair.”

Afternoon Session - 2004 Meeting

“They produce 80 or 85 percent as much crude daily as Exxon does. Exxon does, as I remember.”

Afternoon Session - 2004 Meeting

“it was far cheaper than Exxon or BP or Shell or companies like that”

1984 Berkshire Hathaway Shareholder Letter

“Exxon, in which we have our fourth largest holding, has also wisely and aggressively repurchased shares”

1983 Berkshire Hathaway Shareholder Letter

“roughly equal to the combined 1982 profits of Exxon, General Motors, Mobil and Texaco”