rrrus

Shareholders Win; Environmentalists Lose at Exxon Meeting

I recently greatly reduced my position in XOM, held since the 1960s. For most of that period a respectable rate dividend was paid. After watching buyback after buyback with questionable benefit to public shareholders, I am now hoping for a dip in major oil stocks to re-establish my weighting in energy by adding to my positions in high dividend payer BP and faster growers CVX and COP. As XOM accumulates more and more cash, the more likely that it will be spent foolishly or taxed more severely by the government.