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Oraclepkwy (61.66)

XOM Likely to Split 2 for 1 at $90



April 21, 2011 – Comments (0) | RELATED TICKERS: XOM , BP , CVX

Based on some quick research, it seems that based on historical patterns of XOM that the Board will announce a 2 for 1 stock split in the very near future. XOM is due to release it's latest earnings report one week from today and we can expect a superb report which will likely drive the stock price over the $90 level. If the price holds at $90 for any length of time or in fact keeps heading north, then it is likely we will hear about the next 2 for 1. As we all know, stock splits are good for investors and there is usually an immediate post split spike of 5% plus. I also expect that the Board will also announce a dividend hike at the same time as the split announcement. Just my opinion on both counts but all indicators point to this reasonable conclusion without much crystal ball gazing necessary.

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