Wednesday, October 15, 2008

Exxon Mobil

Exxon Mobil (XOM), Dow stock, is the largest oil company in the world with one of the largest market capitalization in the world. Today it dropped 10, what has to be a record daily decline, to a 2+ year low:


Exxon Mobil -- 10 years





Chevron (CVX), another oil stock in the Dow, only dropped 8½ to 59.98 & has a similar graph:

Chevron -- 10 years




Exxon, Mobil & Chevron were 3 of the largest companies in the original Standard Oil 100 years ago. Even in a 10 year chart, after the recent market slide, their stock performances over the last decade have been good, but not great. Exxon recently joined the S&P 500 Dividend Aristocrat list with a dividend yield of 2.6% Chevron has a higher yield at 4.3%. These are not recommendations, merely shown to view the sad state of affairs in the stock markets.

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