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wcaseym (42.54)

Stock buybacks...

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October 09, 2007 – Comments (0)

...are all the rage in the cash-rich oil industry. ExxonMobil, for example, is buying back, ... oh, ... ~$30 billion of its shares each year. If this trend continues, ExxonMobil will have repurchased all its stock by about 2024! Imagine?

C.

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