As of today (08/31/2021) since 2008-09 financial crisis, EM stock price grows (sic) -18%. Same time period, S&P +516%, Chevron +46%. EM executives have been underpaid. LOL
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Not investing in XOM stock was how I was able to retire before 40. When I first joined the company, senior people kept trying to push XOM on me because of the dividend but I looked at overall return and ranked XOM as NSI.
@2wdk+1cCxon9M: You make some good points. Keep in mind that ExxonMobil’s stock price is down 50% over the last 7 years. Suggest that qualifies the stock as not only a bad investment but a risky one if your goal is to have a very large retirement nest egg.
Agree with Warren Buffet that S&P 500 (combined with other index funds) is the way to go. The numbers clearly support it.
Problem with XOM stock, is you have to play it like a long-term dividend play. Stock trades between and high and low, and you hope for the lows because your dividends are reinvested. You get a 12% return, but you take a fraction of the "risk" of a growth stock.
The question that ultimately remains is "how long will COVID era work from home policies persist?"
Already there are rival, competing ideas at companies, and Google is going to reduce how much remote workers get paid... Without the obligatory daily commute, oil demand is very different.
ExxonMobil stock has been a garbage investment in the Savings Plan since at least 2014. Our stock price today is less than half of what it was in mid-2014.
For us old timers, the stock would have an occasional single off year but always came roaring back the following year and beyond. It always was a better investment than the S&P 500. Those glory days are long gone and won’t be back. It’s a very different world now.
Any credible financial planner would advise against owning more than 4% of a single stock in your retirement savings portfolio. Many of us loaded up on ExxonMobil stock early in our careers and kept buying. Some of us kept our eyes open and dumped the stock when it began its long term descent in 2014.
The “lower for longer” outlook for oil prices more aptly described ExxonMobil’s stock future.
Investor beware, even those who work for ExxonMobil.
The only good time to have bought XOM stock as March and Oct 2020. Other then that we suck a big one. Totally got screwed on my 401k , why did I ever put any money in XOM
@1ktt+1cCxon9M EM's CC is a classic con job - designed to scam the gov't (tax payers).
Watch out for the carbon capture bizarre plan, its going to drown the stock further. Dallas setting unrealistic goals as they are fairly d-mb about how things actually work
EM stock was a terrible investment for employees in the Savings Plan for the last decade plus. Many older employees were on financial autopilot over this long period and are now stuck with a much lower balance than expected. They inadvertently embraced a “high risk, low reward” investment strategy.
@eor+1cCxon9M So buying an underperforming (over a decade) stock is good for .87 a piece? and even that by borrowing money. No wonder the company is struggling.
Yes but we maintained that sweet sweet dividend.
plenty of boomers are happy with their high dividend yielding XOM stock though
@yst+1cCxon9M Sell the news? Sincererly.
Get above $65 after the Chemicals divestment closes.
For a couple days.
Preach