ignorant

Has Exxon Topped?

I agree that XOM's dividend payout should be increased to a competitive level with the other majors. The decline in production ( 8% last quarter) is killing the stock. Investors will pay a premium for energy companies that increase production and reserves. The stock will only recover if XOM is able to start increasing production and reserrves. Buying back stock does nothing to make the exploration business a success.