Exxon Mobil

Although Exxon Mobil (XOM) released earnings today that disappointed the street, the bottom line of $10.76 Billion ranks as the 4th largest corporate profit ever. The company spent $2 billion on dividends in the second quarter and $7 billion to acquire and retire 99 million of its shares. In fact although profit was down from last year, the new per share was actually up at $1.83 vs. $1.72 a year ago do to a reduced share count as a result of the company's aggressive buyback. Even with the rough day today, I am still up over 30% on XOM. XOM is a stock for the long run.