Why has Exxon's stock price remained the same for twenty years?

Question

It's almost like their stock, XOM, is some other company. When you compare it to Google, you'd think the whole economy runs on search queries and oil is just our hobby.

Answer 1

I don't know what you are talking about. The stock has fluctuated

52 Week High 96.12

52 Week Low 77.55

Answer 2

you are forgetting the splits, without which XOM's stock price would not have remained the "same". BRK is an example of a stock that has never split.

you are also forgetting dividends, which could have been reinvested for more shares at whatever the price, or kept as cash as part of your return.

in any case what you had in XOM 20 years ago would not have remained the same until today...

Answer 3

It hasn't stayed the same.  The split adjusted price at the end of 1988 was $5.89.  You're forgetting splits.

Answer 4

In 1985 the stock had a value of about 9. This year the stock was in the 90's. No way is this stock the same price today that it was 20 years ago. In fact, the climb seems almost parabolic.

Answer 5

Stock prices are fiction, there is no real value behind them. It's what people believe they are worth at that moment in time for them.

Goggle has no assests, it will disappear one day, so will Walmart, despite his many stores, look at  the indestructable GM or Starbucks.

The only company I would make a bet on would be Coca-Cola.

Answer 6

Maybe its because of splits.

http://finance.yahoo.com/q/bc?s=XOM&t=my...

Answer 7

You call this the same!? The rose quite a bit, don't you think!?

http://finance.yahoo.com/echarts?s=XOM#c...