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5 Stocks with the Biggest Buybacks

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This article presents an overview of the 5 Stocks with the Biggest Buybacks. For a detailed overview of such stocks, read our article, 11 Stocks with the Biggest Buybacks.

5. Exxon Mobil Corp (NYSE:XOM)

Stock Buybacks in 12 Months Through September 2023: $17.8B

Exxon Mobil Corp (NYSE:XOM) ranks 5th in our list of the stocks with the biggest buybacks. In December, Exxon Mobil Corp (NYSE:XOM) said it plans to up its annual share repurchase program to $20 billion in 2024 through 2025 after the Pioneer merger closes, up from $17.5 billion in 2023. As of the end of the third quarter of 2023, 79 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Exxon Mobil Corp (NYSE:XOM).

During Q3 earnings call Exxon Mobil Corp (NYSE:XOM) management talked about stock repurchases:

If you look at our overall free cash flow results in the quarter, it was just under $12 billion at $11.7 billion, and we paid out $8.1 billion to shareholders, and that was between $3.7 billion in dividends and $4.4 billion in the share repurchase program. In fact, in the quarter our cash balance actually went up $3.4 billion, and we ended the quarter at $33 billion, so I think you can see that in the quarter, we were in fact well under 100% in terms of what we paid out, which is what enables us to grow our cash balance and strengthen our balance sheet even further. You know, when you look overall at our approach to capital allocation, our priorities continue to be the same. First and foremost, let’s make sure we’re investing in advantaged projects that are differentiated, are going to drive high returns for our shareholders.

We do that both organically and, as you’ve seen recently, inorganically as well, making sure we’re maintaining a really strong balance sheet – we need that. Ultimately at some point, the cycle will turn against us and that balance sheet will be there for us to lean into, and being balanced in our approach as to how we share the success of the company and those rewards with our shareholders. I think you can continue to see that balance coming through between dividends and share repurchases. We’re looking to be more consistent in our share repurchase program – again, I think you’re seeing that. We continue to say we’re on track to execute $17.5 billion of share repurchases this year. We’ll complete that before the end of the year and we already have a program in place, a similar program in place for 2024, so we’re trying to get that balance right

Read the entire earnings call transcript here.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

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One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
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AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

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AI needs energy. Energy needs infrastructure.

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This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

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This company is completely debt-free.

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The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

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Should I put my money in Artificial Intelligence?

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Click to continue reading…