Exxon Mobile (XOM) Leads S&P In Stock Buybacks

As companies continue to build cash reserves, S&P stock buybacks have hit record low. Exxon Mobile (NYSE: XOM) led the companies in buybacks during the second quarter with $5.2 billion spent, and Walmart (NYSE: WMT) is 2nd ranked with $1.9 billion in buybacks. Other notables include International Business Machines (NYSE: IBM), Hewlett-Packard (NYSE: HPQ) and Unitedhealth Group (NYSE: UNH). Among sectors, Energy and Technology sectors were the most active in this field.