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From: BiteMe@Bitch.org

Exxon posts strongest results since 2017, vows to resume share buybacks

(Reuters) - Exxon Mobil Corp ( XOM ) on Friday pledged to revive its long-dormant share repurchase program next year, bolstered by a jump in
profit and improved cash flow in the third quarter as rising global
economic activity has caused fossil fuel demand to surge.

The higher profit follows several years of lackluster returns and heavy spending at Exxon, and as agitated shareholders this year voted to put
three new directors on the company's board due to dissatisfaction with
its direction.

For more than a decade, Exxon had been once the largest U.S. corporate repurchaser of shares before suspending the practice in 2016.

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