Exxon has been a part of the Dow Jones average since 1928, when the company was known as Standard Oil of New Jersey, according to published reports. As recently as 2011, when oil prices were still high, it was the largest U.S. corporation by market capitalization.

Its stock price has fallen by nearly half since those days, and tech companies like Apple Inc. have eclipsed Big Oil as the country's largest corporations.

Exxon has been betting on a continued future for oil and gas, and it has struggled since the coronavirus pandemic slashed oil prices, said Danielle Fugere, president of the activist investor group As You Sow. Read Full Article - E&E News, August 25, 2020