re: When will XOM recover?

quote:

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Huh? How does that work?

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I am assuming he means share buybacks. However I believe that is unlikely as they don't have the same cash flow with oil floating around 50. Actually debt has been increasing to keep the current dividends and cap ex.

This isn't their first rodeo and unless you are one of those people that think electric cars are going to quickly decimate the demand for oil. This looks like a good entry point for a company that has been very shareholder friendly that is yielding 3.7%.

I would not be expecting a big bounce back in price until oil starts climbing, and I would expect them not to spend money on buybacks. But they will sell assets and cut costs so when oil does bounce back they will have a strong balance sheet.