I recently published an article on Seeking Alpha called Exxon Mobil Returning Cash to Shareholders that takes a look at Exxon Mobil’s 10 year history of dividends and share repurchases in order to quantify how much the company has given back to shareholders, and more particularly, to show how the share repurchases have affected EPS growth and dividend growth over the period. It’s currently one of the highest page-view articles on Seeking Alpha for today, mainly because people tend to have pretty strong opinions about share repurchases and like to debate it in the comment section, which is healthy.
It’s interesting seeing a mix of both investors presenting correct statements regarding the downside (or upside) of share repurchases, as well as the investors with a misunderstanding of the topic. Either way, I think it’s a useful article for anyone interested in Exxon Mobil as a company, to get a quantitative look at a long history of dividends and repurchases. As a disclosure, Exxon Mobil is a holding of mine.