Shareholder Unfriendly

Exxon Mobil has a reputation as a shareholder friendly, conservative company. They don't employ leverage, they pay dividends and buy back shares. A dilutive, large, all stock acquisition is a bit of a head scratcher. This acquisition is likely quite a surprise for many of Exxon Mobil's shareholders. Maybe the deal will prove to be prescient in a few years, but right now it seems shareholders are voting with their feet.

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