How Exxon, Chevron's suffering stock affects your 401(k) [Yahoo! Finance News]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance News
Energy stocks are slipping deeper into a bear market as the Dow Jones Industrial Average coronavirus fears Shares of oil giants Exxon Mobil and Chevron Just this week, S&P energy stocks have tumbled over 16 percent, as tracked by the Dow Jones Market Data Group. CORONAVIRUS TO ERASE S&P 2020 PROFIT GROWTH: GOLDMAN That drop is hurting mom-and-pop investors more than you might think. "Chevron and Exxon are part of the Dow 30, that [$46 per barrel oil] is having a big weight on these stocks," said CME Chairman Terry Duffy during an interview on The Claman Countdown. "So cheap oil one might think it is good at the pump but actually it hurts your 401k) dramatically because these are part of indexes, not only the Dow but others," he noted. CLICK HERE TO READ MORE ON FOX BUSINESS The CME is the world's largest derivatives exchange trading commodities, futures, cash and other asset classes. Duffy did note the biggest weekly action is playing out in stocks and bonds ahead of oil. EXXON GETS F
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News
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XOM
Earnings
- 2/2/24 - Miss
XOM
Sec Filings
- 4/18/24 - Form PX14A6G
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEFA14A
- XOM's page on the SEC website