This stock is at a multi year low. It is far underperforming all the averages. It has had earnings disappointment upon earnings disappointment. The Cooper acquisition was overpriced and has been poorly executed. The reincorporation in Ireland has brought more tax liability to shareholders and has had no benefits. CEO Cutler whines that company is doing great the only problem is that Wall Street just doesn't understand. Wall Street does understand which is why the stock is down over 25% in under 3 months. Here's the question: if any of us screwed up so badly and so often and lost billions and billions of shareholder wealth and refused to accept responsibility to boot, we would surely be fired. Instead this disaster Cutler not only keeps his job, but still gets raises. Why?? Truly sickening.
Besides an idiot CEO this company has a totally worthless board of directors none of whom has ANY knowledge or experience in the oil business. Just a bunch of empty suits and skirts that sits idly by while the moron CEO destroys shareholder value at an incredible rate.
Agree however what kind of idiotic CEO would bet his company's future on Russia especially when they royally shafted Conoco and BP already? The answer is an idiot named Rex Tillerson.
To Exxon/Tillerson apologists. What do you like about Tillerson: the stock performance, it's been the worst Dow performer of all since 2008 and has been one of the worst if not the worst Dow stocks EACH year since 2008; the awful deals with Russia especially in light of recent events; the absolutely horrible production results-down every year and down an incredible 6% in the last year despite hollow promises to the contrary every year; the XTO debacle; the lowest dividend yield of the major oils; the lies. Just what is there to like about this stock or the stupid ignoramus of a CEO ?
No mystery. Exxon has been the very worst Dow stock over the last several years because the CEO is a blithering incompetent. He is a fool, charlatan, and total idiot. He couldn't run a lemonade stand. That jackass has destroyed hundreds of billions of dollars of shareholder wealth. And These comments are an understatement.
See no reason XOM can't get below 84. CVX pays over 3.25% and is still falling. Exxon has been drastically underperforming the market (both when the market is rising and falling) since 2009 with no catalyst on the horizon for improvement. Also the management is very weak with earnings misses,the XTO debacle, and most of all the company's production is rapidly falling and is in a stealth liquidation mode. The last few years have been absolutely awful over the last several years and the future looks worse. The grim prospects for oil prices make things even worse.
Both have been pretty weak for years though Exxon much worse. Both companies are spending more and more to find less and less oil. Both companies have been disappointing for many quarters now though Exxon much worse. CVX has bet the farm on the Gorgon project and it does not look good at all. The falling price of oil is another negative. All things considered really significant underperformance for both for years which has been getting worse. I will say that Chevron not nearly as bad as Exxon as a stock and is not as poorly managed as Exxon.
Russia would let Exxon spend hundreds of billions of dollars developing the resources and then basically expropriate everything no matter whether there were sanctions or not. Since the judiciary is not independent of Putin, they could do nothing. This is exactly what Putin did to COP. It was another awful decision to bet the company's future on Putin's Russia. No wonder the stock has performed so horribly under present management
Worst performer on the Dow this year, worst performer since 2009, stupid deals with Russia being invalidated by sanctions (the company has bet its future on these deals), worst production last quarter since 2009 and getting worse every quarter, oil at its lowest price in over a year, gasoline heading down to lowest level since early 2011 with no end to the drop in sight; otherwise things look great for Exxon which is why it's stock is so
A stock split will do nothing for this stock. It needs to split off its refining and marketing arms which will help this stock. The integrated oil model used to work but in this age of resource nationalism is doomed. To reply to some other posts getting the dividend of $1.07 per share is nice but when the stock goes from 135 to 122 in a record breaking bull market it tends to take some pleasure out of getting that dividend.
Both have been pretty lousy over the last year, but over the long term Exxon has done worse. Exxon used to be 20 or more points higher than CVX but because of Exxon's very poor performance CVX is more than 25 points higher than Exxon recently. The integrated oil business model is totally obsolete in today's world of resource nationalism. Unfortunately, neither company has shown any interest in doing anything to give the shareholders any kind of reasonable return such as a split up of the exploration and refining arms or at least formation of an MLP. The performance of CVX over the last year and a half has been quite poor, but the performance of Exxon relative to the market over the last six years has been horrible. It's management has been extremely shareholder unfriendly.
Stock continues to be a steaming piece of garbage day after day, year after year ever since the awful Rex Tillerson became CEO. I now think that this management is likely corrupt and has a hidden financial incentive in destroying the company and tanking the stock. There is no other explanation except that this company is being INTENTIONALLY ruined by the Tillerson gang. Nobody but nobody could be as stupid as this management seems to be.
Agree the stock continues its long term downtrend despite a record breaking market. Not sure I would want to own this perpetual dog at any price.