For those who still think we are winning or have any delusions left about XOM superiority, here is the brutal truth.
https://www.forbes.com/sites/rrapier/2020/10/10/exxonmobil-loses-225-billion-in-market-cap-against-chevron/#7dd10b983cb1
7 replies (most recent on top)
At least our CEO (Darren Woods) winning at something.. if you recalled one forum, he mentioned Mike Wirth would call him to congratulate him for the stellar quarter. Wonder what Mike would say this time!
So much win..
Chevron has had nearly constant market cap the last 2 decades. I don't think they are trying for anything unlike exxonmobil mentality.
Apparently staying contact for 2 decades is a winner.
Peanuts in the big scheme.
Just wait.
What if EM had invested that 210 Billion dollars of stock buyback into gold, silver, or Chevron stock?
Already hinting 3Q losses. Highly unlikely strong balance sheets.
If balance street is strong, they should maintain the dividend. We will see at end of this month.
No worries.... have some koolaid. According to DW's speechwriter/spin doctor our asset portfolio is enviable and our balance sheet strong.