ExxonMobil (XOM) Announces Buyout of 49.9% Stake in Biojet AS
Zacks Investment Research | Jan 11, 2022 08:13PM ET
Exxon Mobil Corporation (NYSE:XOM) industry in the past six months. The XOM stock has gained 20.6% compared with the industry’s 18.4% growth.
ExxonMobil currently flaunts a Zack Rank #1 (Strong Buy).
Investors interested in the MUSA , based in El Dorado, AR, is a leading independent retailer of motor fuel and convenience merchandise in the United States. MUSA’s unique high-volume, low-cost business model helps it retain high profitability, even in the fiercely competitive retail environment.
Murphy USA is committed to returning excess cash to shareholders through continued share buyback programs. As part of this initiative, the fuel retailer recently approved a repurchase authorization of up to $1 billion, which will commence once the existing $500-million authorization expires and be completed by Dec 31, 2026. The move underscores MUSA’s sound financial position and commitment to rewarding shareholders.
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