I will reply to this comment one more time since some people have difficulty understanding basic ideas. I never said XOM was a poor performer over the last 30 years; it was a great performer up to early 2009. For your information the CEOs between 1975 and 2006 were C.C. Garvin, Lawrence Rawl, and Lee Raymond. During this time XOM stock gave its investors an excellent absolute and relative return. Since early 2009, XOM has been the worst or one of the worst Dow stocks over any time period you choose. The CEO during this period has been Rex Tillerson (understand?). Exxon also has been the worst performing oil stock hands down over any time period since 2009. During Rex Tillerson's tenure production has missed targets every single year. The presentation at the analyst meeting last week was just awful. After years of promising improved production Exxon lowered their production targets for 2017 by 10% which is huge and the stock has gone from 97 to 93 over a few days. The company's performance in all areas under Tillerson has been abysmal hence abysmal stock performance under Tillerson. Topping off nanagement'a dismal execution was the disasterous XTO acquisition. Again if one can read and can look at a stock chart what I am saying is obvious. Under present management Exxon is a big, no growth chronic underperformer that can't get out of its own way. Over this time, billions of dollars if shareholder wealth has been destroyed. I could go on but I'll try to summarize so anyone can understand: Exxon performance before Tillerson-great; Exxon performance under Tillerson over the last 5 years (which is NOT a short time period)-dismal. How many more 5 year periods of abysmal performance must shareholders put up with?
Maxi wizard after being wrong on this thing for 6 solid years good to see you haven't given up . Comment about this being related to dividend is absurd.
Since Rex Tillerson became CEO Exxon has been the worst stock of theDow 30 and the very worst performing oil stock. This is no coincidence. Under his management earnings and production shortfalls have occurred almost every single quarter . The company is still paying the price for the awful XTO acquisition
at an absurd premium. Exxon shareholders, many of whom are retirees have paid a huge price for this man's idiocy.
Same story nearly every day now for 6 years. Market up, market down, oil up, oil down this piece of garbage is always the very worst performing oil stock and is the WORST dow stock over the last 6 years. Dow is up thousands of points and this stock is no higher than it was in 2008. The world's largest oil company is run by a hopeless incompetent who has destroyed hundreds of billions in she holder wealth. This guy couldn't run a lemonade stand. Tillerson is a total cipher. How such an incmpetant could wind up CEO of this company is one of the great mysteries of American business.
The slow bleed has been going on for about 6 years now. Since 2008 this dog has been one of the
very worst Dow stocks. It underperforms almost daily. The problem is that the CEO Rex Tillerson is the very worst CEO of any energy company in the world. It is truly amazing how such a total cipher as this man could rise to be CEO of the world's biggest oil company. This bumbling incompetent has destroyed hundreds of billions of dollars of shareholder wealth and there is no end in sight.
Anyone following this stock should look at a 1,2, or 5 year chart of Exxon versus any major average or versus any other oil stock. You will be surprised at just how dreadfully this stock has performed. It has been one of the worst if not the worst Dow stocks over each of these periods. During this time the company has missed production targets and earnings estimates EVERY quarter except one which was a fluke. The production estimates put out by this management haven't been worth the paper they're printed on. The XTO debacle will bleed shareholders for years and years. Stockholders have been horribly served by Rex Tillerson and no end to the awful stock performance is in sight. Would love to hear INTELLIGENT arguments about the future performance of this company. There can be no argument about how poorly this company has done both in terms of stock price and operational performance under Tillerson. Again welcome intelligent comments;
"Why don't you just sell" is not an intelligent argument. The person who answers with this comment
(jojo or maxiwizard or whatever) has been wrong about Exxon for years and years.
Shareholders really getting the shaft from incompetent, aggressively anti shareholder
management. Anyone satisfied with this stock's performance over the last five years is a fool or liar. Sorry, but that's the truth. Furthermore what the stock did 10, 20, or 30 years ago under different management is totally irrelevant.
Keystone will create jobs and lower prices. President Obama's own state department twice reported it would not hurt the environment. The president says he wants most to help poor and middle class people so here's his chance. The only reason not to build this pipeline is just know nothing environmental extremism. This is one time the president should listen to his labor supporters.
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.
Funny, you didn't say anything about unloading stock when it was 101. Why would you? You were predicting it would go higher. I admit I was wrong, I thought it would take at least till next month to bust 80. If you want to learn something study this stock's chart and the company's earnings statement and production reports. If you do that you'll learn what a busted stock and a company in irreversible decline look like.