Interesting comment in Malcy's last blog re Exxon:
It is worth taking a look at an interesting article on Exxon in today’s WSJ, it points out that $1,000 invested in the company in 1970 would now be worth $33,000 four times what the money would have earned in the S&P index. Another longer term point is that Exxon buy-backs are substantial, since 2000 the company could have bought BP, Chevron and Total and still have $30bn in change
HKP
Quarterly, page-44
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