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Lobbying in Washington is a Big Business Regardless of Company Size

By Aimee Duffy - Feb 22, 2014 at 2:00PM

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When it comes to the energy industry, lobbying is not just for the big guns.

Source: wikipedia


Most Americans know the name ExxonMobil (XOM 0.56%). It's one of the biggest companies in the country, and very few of us would be shocked to know that it outspent every oil and gas company on lobbying in 2013. But Exxon wasn't the only company spending big to curry favor in our nation's capital. WPX Energy (WPX), Cheniere Energy (LNG 0.87%) and Noble Energy (NBL) also ranked among the industry's top spenders in 2013. In this video, Fool.com contributor Aimee Duffy talks to Tyler Crowe about how much these small companies are spending, and why investors should care about lobbying.

Aimee Duffy has no position in any stocks mentioned. Tyler Crowe has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Stocks Mentioned

Exxon Mobil Corporation Stock Quote
Exxon Mobil Corporation
XOM
$88.95 (0.56%) $0.50
Noble Energy, Inc. Stock Quote
Noble Energy, Inc.
NBL
Cheniere Energy, Inc. Stock Quote
Cheniere Energy, Inc.
LNG
$147.71 (0.87%) $1.27
WPX Energy, Inc. Stock Quote
WPX Energy, Inc.
WPX

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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