Exxon's Dow Exit Signals Energy's Fall From Grace

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Five months ago, Exxon Mobil was proudly commemorating its 100th anniversary of being listed on the New York Stock Exchange. But history is changing for the Big Oil juggernaut -- and energy equities at large. The US supermajor is among three firms that will be dropped from the 30-stock Dow Jones Industrial Average at the end of this month, ending its 92-year run on the vaunted blue-chip index. Out: Exxon Mobil, Pfizer, Raytheon Technologies In:, Amgen, Honeywell International

Equity and Debt Markets, Oil Demand, Earnings
Refined product prices have come off their recent highs amid rising refinery output and fears of stagnating demand.
Mon, May 23, 2022
Germany's economy minister appeared to express support on Monday for the idea of capping the prices that buyers pay for Russian oil.
Mon, May 23, 2022
Energy security concerns have reduced support for radical shareholder proposals that would hasten the transition away from fossil fuels.
Mon, May 23, 2022