MILESCFA

Energy Inventories

Etap, my software shows XOM was $20 in 1996. Have you reinvested dividends? If not, then perhaps mergers make my price charts unreliable and I would like to know if this is the case.

If my software is right on price, then re-investing of dividends has taken an 11% price-only annual return to your 21% (when XOM's current div is a paltry 2+%). That is a great example of "the power of compounding"!