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Exxon Mobil Corporation Message Board

  • dlavine78 dlavine78 Feb 5, 2014 5:39 PM Flag


    Stock down 6% in 5 days. Awful big loss for a company this size. That is what happens when the CEO is literally on idiot who couldn't run a lemonade stand.9

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    • tsobie Feb 6, 2014 11:14 AM Flag

      Well, at least they're curtailing their stock buy-back program. They FINALLY realized that the market was savvy to the self-serving, stock award covering they were doing for insiders while cutting the general shareholders out of the profits. The market has not graced XOM with any significant historical high since the great sacking of 2007/2008. Other companies recovered nicely. Oh, Rex Rex Rex.......

      • 1 Reply to tsobie
      • It's really nice to see that you can read a chart and can see that Exxon has badly underperformed since Rex became CEO. There is no argument this was a great performing stock for decades but things are different now. We can all debate how Exxon will do in the future, but there should be no debate about how Exxon has done the last 5 years- very poorly relative to any peer group or benchmark you chose. Those are facts not opinions. Also, I understand what you're saying about buy backs and agree to an extent; however the decrease in buy backs may be a negative. I'm afraid the buy backs are not being decreased to raise the dividend more, but rather because the cash used for buy backs is being gobbled up by ever escalating costs that result in less and less oil production (eg the lousy deals with Russia that bleed money and produce little
        oil or gas which is stolen by Russia anyway). This decrease in buy backs knocks out a key prop under the stock price and may lead to even lousier performance of the stock.

    • black.beaver Feb 5, 2014 6:48 PM Flag


      Sentiment: Buy

90.01+0.21(+0.23%)May 27 4:00 PMEDT