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So youd thinkbuying stockin a company like ExxonMobil (XOM) would be a millionaire-maker.
But would you be right?
That company quickly grew so dominant that it was broken up into 33 separate companies by theU.S.
But would your fortunes rise or fall if you invested in ExxonMobil 10 years ago?
That assumes no dividend reinvestment.
With dividend reinvestment, your initial $1,000 investment would be worth $1,798.73.
That represents an annual return of 6.04% and a total return of 79.87%.
Of course, ExxonMobil has some formidable competitors in the oil game.
Would your $1,000 bet have been better placed on one of them instead?
*Without dividend reinvestment, stockholder would incur a loss.
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