Big Oil Gets Little Love With Toxic Troika Shadowing Revival
- Energy weighting in S&P 500 index is lowest in 14 years
- Long-term oil pricing weak on plentiful supply, peak demand
Namara's Dugan Says Oil Demand Is Stronger
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For generations of investors, Exxon Mobil Corp. has been a cornerstone of fund managers’ portfolios alongside the biggest names in corporate America. Not so much any more.
From leading the S&P 500 Index a decade ago, the company has dropped to the ninth-largest in a top 10 now dominated by technology giants. Its rivals Royal Dutch Shell Plc and Chevron Corp. aren’t faring much better, with investors demanding unusually high dividend yields to hold the stocks.