Is Exxon Really Dropping From S&P 500’s Top 10 Spot?

By John Heerdink LinkedIn

Exxon Mobil Corporation (XOM) explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products.

Reportedly, Exxon Mobil Corp couls possibly drop its position in the S&P 500 Index’s as one of the 10 biggest companies for the first time ever since the inception of Index, some 90 years ago. Visa Inc. (V) has positioned itself as the 10th biggest member on the index replacing Exxon Mobil by weighting on Aug. 1, soon after the retail giant Procter & Gamble (PG) also overtook the oil giant in the listing as per Bloomberg data.

To learn more about ExxonMobil Corporation (XOM) and to continue to track its progress please visit the Vista Partners ExxonMobil Corp. Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Aug23(15)

Exxon Poised to Drop From S&P 500’s Top 10 for First Time Ever

(Bloomberg) — Exxon Mobil Corp. is poised to drop out of the S&P 500 Index’s 10 biggest companies for the first time since the index’s inception some 90 years ago, the consummation of a long-term trend of tech titans replacing industrial giants in the top ranks of U.S. stock market.Visa Inc. replaced..

finance.yahoo.com

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