We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Buyback blues

1 August 2013 By Christopher Swann

The oil giant is slashing its favorite method of returning cash to investors. That’s smart considering a 19 pct drop in Q2 profit and rising capex. But Exxon’s habit of buying back stock at peak prices suggests this is temporary. It’s an irrational policy the company should drop.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)