Exxon Used to Be America’s Most Valuable Company. What Happened?
An ExxonMobil Chemical complex in Baytown, Texas. BRANDON THIBODEAUX FOR THE WALL STREET JOURNAL
It has been a shocking fall from grace for Exxon Mobil Corp.
Just seven years in the past, Exxon was the most important U.S. firm by market capitalization. It has since misplaced roughly 60% of its worth, with its market cap now at round $160 billion, after the pandemic crushed demand for fossil fuels.
Analysts estimate Exxon will lose greater than $1 billion…
Source: Christopher M. Matthews | The Wall Street Journal