Note that the Exxon board is nearly all spam. For anyone actually
interested in Exxon stock note how drastically this stock has
underperformed its peers, the Dow and S&P over every time
period in the last 5 years. This stock always traded 20 points
above CVX now it is 31 points lower! The yahoo charts are
In my opinion the reasons are: 1. The inability of management
to grow production despite massive investment 2. Massive
stock buy backs that do nothing for shareholders and don't
fool the analysts while having the lowest yield among the
major oil companies. 3. The horribly timed grossly overpriced
XTO acquisition . I realize that the stock had been a great
performer until 4 to 5 years ago, about the time that present
management took over. But stock performance has been
dreadful (especially on a relative basis) since that time.
Serious replies welcome. Thanks.
They need to stop the buybacks,and double the div. The stock will be back above CVX in the summer if they do the right thing for shareholders. I should have dumped all shares and switched to CVX. When NG spikes,probably by autum,it will put XOM 30 points above CVX, The buybacks,at the very least should be halved and Div should be doubled.