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Energy
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Chevron Returns To Stock Buybacks In Size
Large-scale stock buyback programs in the oil patch often draw a mixed response from investors. This is for the very simple reason that buybacks inevitably occur when cash flow is plentiful before being promptly abandoned when it dries up during downturns. A more interesting policy (at least to me) would be to store up mountains…
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Exxon Mobil: Fixing The Roof While The Sun Is Shining
I like to think that somewhere out there is an investor who purchased Exxon Mobil (XOM) stock for exactly $30.11 in March 2020. According to Yahoo Finance, that price represents the lowest intraday low in what must have been the worst year for oil stocks since heck knows when. Such was the carnage in Exxon…