Sometimes, bad things happen to good companies. Case in point: Exxon Mobil Corporation (NYSE:XOM) stock.
When I first wrote about Exxon in 2014, XOM stock was trading at more than $100.00 per share. As if on cue, the stock collapsed. Last week, shares were trading for as low as $80.00 each.
What happened? Well, a couple of things happened.
First, oil prices crashed. If you earn fewer dollars on each barrel, profits are going to suffer. You don't need an MBA to figure that out.
Second, last quarter, Exxon failed to replace all.
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