Question:
Market cap is now 500 billion! Its such a cash cow, I wish they would split so I could buy some more, I can't afford it at 90.73.
Answers:
Exxon is providing a service: getting gas to customers. because relative demand is high compared to output they are able to charge a higher price as supported by the market(remember there is a short list of domestic competitors)
They have been around long enough that they are able to take advantage of the experience curve and economies of both scale and scope.
Lower overall cost to input ratios create higher cash value to stockholders. Analysts are also currently expecting oil prices to increase, so traders are more willing to pay more for a stock in a company that is both currently performing well, and has good future expectations.
LOL...You can't afford $90. you want a split to buy one share?
Have you bought gasoline lately?
HAVE YOU SEEN THE PRICES OF GAS RECENTLY!
then buy the EFT XLE or even better go with PBR Petro Brazil recently split but heading back up just as quick.
A. Splits mean nothing.
B. You can buy 1 share (or more) if you like.
C. I believe they have a DRIP plan which would allow you
to invest by dollar amount (partial shares).
D. Splits mean nothing.
Stock is up because there are more buyers than sellers.
The perceived value is increasing.
And as a final note: Splits mean nothing.
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