I'll take short odds this whole thing was an internal bubble for the Executive shares maturing later this year. Especially on those retirement-ready shares. Early retired, DW. Can work on your novel now.
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It will rise and float exactly like your all stainless steel Rolex watch after it is dropped in the ocean. Sure!
Soon to be a NY Best Seller: The Rise and Fall of ExxonMobil
Just pulling SPY vs XOM over a 1 year, 2, year, 5 year, and 10 year period is quite dramatic. The question is not "will XOM improve"; it's "will it outperform the S&P500?" It hasn't since 1994, and the current management are not turn around experts. You'll get a better return going long SPY and forgetting XOM. If we cherry pick years, it outperformed 2000 - 2014, but you have to remember that most of the profits from XOM have occurred from divestments. When you exclude these, the dividend looks difficult to maintain. Personally, I think that the corporation will do everything it can to avoid cutting the divident, but long-term, that is exactly why I believe that they will be forced to do so eventually. Maintaining the dividend was solely about preserving the stock price at the cost of what actually makes sense long-term. That kind of thinking should be deeply troubling to investors despite how they like the dividends.
The only thing rising is the number of layoffs and PIPs.
Stock up today after the proxy vote. Woods still Chairman and CEO. Goff was CEO of small refinery company (US only refineries). Other director ran a dinky renewables fuel company. These new directors will be voted out next year when no on is spending 30 million pushing a proxy. These 2 votes will not have much voice compared to the other 10 board members. Chairman can assign them cr-p jobs and they cannot complain because they have a fiduciary duty to the COMPANY and SHAREHOLDERS..not to climate activists or politicians.