Exxon Mobil Corp. has lost $80 Billion dollars in value and continues to lose! Stock price may be currently stable or creeping up slightly but won't last long when third and fourth quarter results for this year are released. Management's disastrous stock buy back program has compromised Exxon's position. Exxon Mobil Corp. is big enough and had enough cash on hand to enable management to hide severe hemorrhaging. Third and fourth quarters are going to begin to show the state of the company. What's next?
1 reply
Layoffs?