ExxonMobil Drops Out of Top 10 in S&P 500
The hydrocarbon energy industry was recently dealt a major blow, with Exxon Mobil Corporation XOM dropping from the S&P 500 Index’s top 10 companies, ending a nine-decade-long streak.
This August, energy stocks climbed down the ranking list, giving way to technology stocks. Currently, the top 10 places are occupied by companies from technology, communications, health care and financial services
ExxonMobil stayed at the top spot of the list for six straight years and was the largest publicly-traded energy company.
Source / More : finance.yahoo.com
Please email us your industry related news for publication info@OilAndGasPress.com
Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook
Most News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. OilAndGasPress welcomes all viewpoints. Should you wish to provide a different perspective on the above article, please email us info@OilAndGasPress.com