Gas prices are exploding, almost six bucks a gallon in some places, oil hitting a hundred dollars a barrel, so you would think Exxon would be doing great. But the stock has actually fallen from that all-time high near $167 down to about $152. Oil prices plunged 16% on some ceasefire talk, and that pretty much wiped out all the recent gains. Then on top of that, Exxon is quietly cutting 2,000 jobs globally. They call it efficiency, but after years of trimming, I honestly have no idea who is even left working there anymore. Dividends are still coming in, but watching layoffs happen during an actual energy crisis just feels completely backwards. I really cannot figure out what is going on with this company.
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