Exxon at a 10-Year Low is Challenge for Oil’s Biggest Major
- CEO Darren Woods is betting on large-scale oil, gas projects
- But investors are increasingly looking for quicker improvement
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Photographer: Daniel AckerThis article is for subscribers only.
It’s almost as if the last decade never happened for Exxon Mobil Corp. shares.
Once the gold-standard of Big Oil, the stock closed Monday at its lowest since October 2010, amid a slump in oil prices due to concerns about weak demand coupled with a glut. The S&P 500 also posted its worst one-day decline since October.