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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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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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