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Stock impact report

Even with a Saudi-Russian Deal, Exxon Mobil Stock Is Risky [Yahoo! Finance News]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Universally, the novel coronavirus pandemic has represented a vicious headwind. Even for companies that have benefitted from the “new normal” – grocers and gun stores come to mind – the uncertainty of tomorrow weighs heavily on all. However, for oil giantExxon MobilXOMExxon Mobil stockSource: Michael Gordon / Shutterstock.comOne of the biggest challenges of the outbreak is its multi-thronged blade. It’s already bad enough that economies throughout the world have been put on hold. But exacerbating this tenuous circumstance is the oil price war between Saudi Arabia and Russia. To counteract the sudden loss in demand for fossil-fuel energy sources, the Saudis proposed mutual production cuts. Unfortunately, the Russians balked at the idea, wanting to protect their own interests instead of joining a multinational coalition.Obviously, this angered the Saudis, prompting them to go the other way and unleash a torrent of oil. As expected, the high-level retaliatory actions plummeted prices, ca Show less Read more
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