Exxon Stock Analysis1. INTRODUCTIONExxon Mobil is the world's largest publicly traded integrated oil company, serving businesses in more than 200 countries around the world. Standard and Poor's stock report for Exxon Mobil indicates that Exxon's global functional organization and substantial diversification help mitigate its exposure to business risk and margin volatility. As of December 31, 2007, Rex W. Tillerson had been CEO of the company for two years with Senior Vice Presidents MW Albers, MJ Dolan and DD Humphreys. They manage 51% of the company's institutional ownership. In terms of equity financing strategies, Exxon implements an ongoing stock repurchase program rather than equity financing. In the first half of 2007, gross purchases of Exxon stock totaled $16 billion, reducing the number of shares outstanding by 3.2 percent. In 2006, Exxon Mobil paid out 1.77 percent of its stock price in dividends, roughly equal to the dividend yield of the entire S&P 500. Taking into account the $29.6 billion spent by Exxon Mobil in buybacks that year, its yield climbed to 8.64 percent. Public companies share their wealth with investors primarily through dividends and stock repurchases, and both of these actions have historically benefited investor returns. Since both types of returns represent added value for shareholders, investors should be able to improve their market chances by harnessing the power of both statistics. Buybacks benefit shareholders by reducing the number of shares, giving each remaining share a larger share of the company's profits. Although U.S. policymakers say the company is not investing enough in new pumping capacity and spending too much on stock buybacks, CEO Rex Tillerson reports the company disagrees with those claims. . stocks are undervalued. This is expected to have a psychological effect on the market. Additionally, stock buybacks increase the demand for shares in the open market..