Open Letter To Exxon's Board: It's Time To Sell Assets To Reward Long Suffering Shareholders

ExxonMobil's (XOM) recent Q3 results, while hailed by some as "good" and a "turning point", were only "good" because they were not as bad as we have come to expect over the last few years.

Since when did net income being down -18% year-over-year become "good"? It shows just how far the bar has been lowered for XOM as compared to the glory days of Lee Raymond. The results were more proof of what many have been saying for quite some time now: XOM needs to sell off assets and use the proceeds to reward long suffering shareholders.

If Chairman and CEO Rex Tillerson doesn't agree, it's time for Exxon Mobil's board-of-directors to "get 'er done". Read more.