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  • What's Oil's Future?  [View article]
    I would NOT say Exxon is the most prudent oil company. Rather I would say they are one of the more risk averse oil companies out there. Exxon might spend $15 billion a year on CAPEX, but they spend twice as much ($30 billion per year) on share buy backs. This increases shareholder value in the short term, but diminishes the company's ability to remain an energy leader in the long term.
    Nov 16 13:02 pm |Rating: +1 -1
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