Cash and the Oil King

Exxon is on path to accumulate one of the largest cash hordes of any non-financial public company. As this figure from today’s WSJ shows, it will likely pass Microsoft this year (assume oil stays strong).

Exxon’s total cash hit $31.9 billion at the end of March, compared with $28.6 billion at the end of 2005, according to figures filed late last week with the Securities and Exchange Commission. That puts Exxon within reach of Microsoft’s cash and short-term investments of $34.8 billion at the end of March.

Comments

  1. Oh, good. I can’t wait for them to go on a buying spree and spend some of that cash on Goodwill.