Dow Declines Over 500, 2.3%, as Oil Prices Crash to Below Zero for First Time [TheStreet.com]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: TheStreet.com
fell Monday after oil prices collapsed to below zero for the first time ever as demand for crude has dried up and Wall Street prepped for a busy week of corporate earnings.The Dow Jones Industrial Average fell 560 points, or 2.31%, to 23,682, the S&P 500 declined 1.68% and the Nasdaq slipped 0.87%.On Friday, the S&P 500 rallied and finished higher for the second straight week, the first back-to-back weekly gains since the market selloff began in mid-February.U.S. crude futures for May delivery, the near-term contract, sank to their lowest level on record ever Monday, falling to negative $34.88 a barrel astraders fretted over the capacity of storage facilities"In my view, the plunge in oil prices speaks to the decline of global growth as demand dries up," said Dan Russo, chief market strategist at Chaikin Analytics, a quantitative investment research firm based in Philadelphia."This could be a concern for investors who were expecting a V-shaped recovery on the economic front. prices t
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XOM
Earnings
- 10/31/25 - Beat
XOM
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- XOM's page on the SEC website