Exxon Mobil’s $50B Stock Buyback Is Wrong


  • Exxon Mobil Corporation announced a major increase in its stock buyback plan in December.
  • The firm is now planning to distribute excess free cash flow in the amount of $50B to shareholders through FY 2024.
  • Share buybacks, however, come at a time of cyclically inflated profitability and a very high stock price for Exxon Mobil.

A Exxon gas station is seen with dark blue sky in the background at dusk.


Exxon Mobil Corporation (NYSE:XOM) shares have seen renewed upward momentum in recent days after the appearance of a severe winter storm in the U.S. and Canada has increased supply fears in energy markets. Additionally, Exxon Mobil recently presented its capital

Data by YCharts

Source: Oilprice.com

Source: Oilprice.com

FY 2022

FY 2021


Quarter 3

Quarter 2

Quarter 1

Quarter 4

Quarter 3

Cash Flow from Operating Activities






Proceeds from Asset Sales






Cash Flow from Operations and Asset Sales






PP&E Adds / Investments & Advances






Free Cash Flow






Data by YCharts

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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