Texirish

Thank you for the detailed post. Yes, XOM has made changes over the last several years, but so have its competitors. Is XOM a better long term purchase than CVX which BRK currently holds?

XOM dividend is 3.54% The buy back of $20B/year is about 4% of marketcap

CVX dividend is 4.1%. The buy back of $17.5B/ year is about 6% of marketcap

Earnings as a percent of revenue are about 10% for both companies.

XOM capex for 2025 is about twice the capex for Chevron. It seems that Chevron was in front of XOM in capex and is now slowing down.

OPEC has about 4M to 5M bbls/day idle. Russia has about 1M bbls/day if sanctions are lifted which would be expected with a cease fire.

The question on my mind is whether XOM aggressive capital expenditure going to reap the projected rewards?

Aussi, a long term holder of XOM who hasn't seen much appreciation in his account since 2007

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