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The New DU. Reply #33: Do you know where the profits go?
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melm00se
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Sat Feb-02-08 06:42 PM
Response to Reply #26 |
| 33. Do you know where the profits go? |
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what they do?
If you review their financial statements you would see:
$29 billion bought back stock: remember for every buyer there is a seller - from the institutional investor (among them supporting pension funds and other retirement instruments - most 401k fund options have a position in XOM)all the down to "Bob" and "Sally" individuals who bought shares via DRIPs and ESPPs)
$8.2 billion in dividends
But, I guess it would be far better to just take that money out of the hands of individual people.
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