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Buy/Sell/Hold,
Marker’s weekly newsletter that’s 100% business intelligence and 0% investment advice. Each week, our writers Steve LeVine and Rob Walker make sense of the most important developments in business right now and give them a
Buy for clever moves or positive trends, a
Sell for mistakes or missed opportunities, or a
Hold if they’re noteworthy but too early to call.
️ ExxonMobil is far from finished ️
The Buy/Sell/Hold Analysis
No matter how you spin it, ExxonMobil has been humbled: It’s accumulated $2.3 billion in losses this year, the worst performance in the company’s 150-year history. Its share price has dropped 38% in 2020, and it’s laying off about 14,000 employees. In August, Exxon the last original member of the Dow Jones Industrial was kicked off the index. And, for a short time, its market cap even dropped below that of Chevron, the California oil company that it has always viewed as a lesser rival. ....

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