Exxon Mobil: A Capital Return And Dividend Growth Play

JHVEPhotoExxon Mobil (NYSE:XOM) generated a considerable amount of free cash flow from its operations in the second quarter and guided for $20B of annual stock buybacks until the end of next year. Exxon Mobil still benefits from petroleum prices in the $70s price range and will likely continue to generate a lot of free cash flow from its production assets going forward, especially after the company's $60B acquisition of Pioneer Natural Resources, which has already started to make a positive production i ...