Exxon Mobil Essay Example | Topics and Well Written Essays - 1750 words

Exxon Mobil - Essay Example 43). 3) The weighted average rate of interest at which Exxon Mobil Corporation procured their long term debt during the financial year ended 31st December 2013 was seen to be 3.3%. This is also the general lending rate of banks in the U.S to commercial organizations (p. 42). 4) The current yield on 31st December 2013 was lower than the yield on 31st December 2012. The decrease in the current yield rate was primarily due to a rise in the coupon rate. This implies that the binds were being traded at a discount (p. 40). 3) The value of common stock held in treasury amounted to a value of 212,781 million dollars. The average cost per share was approximately $150.56 and number of stock held in the treasury amounted to 2.5 million (p. 40, 42). 5) The company is seen to provide a number of employee stock option plans so as to induce savings and thereby enlarge their pool of investments. However there are no obligations imposed on the employees to invest in the company’s shares and therefore no deductions in this respect are made from their monthly payments. Employees who participate in the stock option are provided with a number of benefits such as higher medical reimbursements and travel allowances than employees who do not participate in the stock option (Harrington, 2003, Exxon Mobil, 2013). 1) The fair value of the investments of Exxon stood at 36,328 million dollars at the end of the year (p. 42). These investments were made in the form of stocks majorly. A considerable portion of the investments also consists of long term receivables granted to debtors. These were treated as investments by the company. Advances of long term maturity were also treated by the company as investments. 3) The net income per share in the year 2012 was seen to be $9.70. This had considerably fallen in the year 2013 to reach $7.37 (p. 41). A probable cause of the decline in net income per share was repurchasing