Exxon Mobil Feeling the Pressure

[jft310]

Exxon with it bought back shares could then reuse those Treasury shares and use those shares/reisuue them to buy Interoil. In aggregate could be non dilutive to current Exxon shareholders and non taxable to IOC shareholders. Happens all the time on Wall Street. Would Exxon do this.?? I would be surprised. Some very large IOC shareholders prefer shares vs a lot of cash. Odds again slim. IOC needs lots of cash to build infrastructure.