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.
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