[For Exxon Mobil, repurchasing stock is preferable to investing in oil and gas projects that won't produce at least a 30 percent return, James, the James Investment Research president, said in a July 25 interview.
``I like buybacks and in this environment, that's often the best investment they can make,'' James said. ``One of the things I really like about Exxon is that unless a project is going to really hit their target return, they won't do it.'']
Must be nice being in a business where you can demand a 30% profit. And we wonder why the price of gasoline is so high.How much are we depending? today Bloomberg report, Exxon %26amp; Chevron held only 1.4% of world oil and gas.?
again people sticking their head in the sand. i wish i could give you an answer and im waitin for some half *** answer on here too. just who is it we are depending on?
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