Exxon Booted From Dow As Oil And Gas Falls
Spending 92 years doing anything is an accomplishment, so let’s cheers to Exxon Mobil Corp., which spent more than nine decades as a member of the Dow Jones Industrial Average, pillaging the planet, lying about climate change, and making rich people even richer.
Now, those days have come to an end. One of the biggest oil companies on Earth has hemorrhaged money this year, and now it’s been booted from the Dow Jones because it just isn’t the superpower it once was. I almost feel bad for Big Oil these days. Almost.
The news of Exxon’s removal from the Dow Jones comes amid a pandemic that has absolutely crushed oil.