American energy giant and one of the world's largest oil companies ExxonMobil saw its worst year ever. After a streak of hardship, the company was listed out of the Dow Jones Industrial Average, the index it has been a part of for 92 years. As a result, the company will no longer be able to receive dividends from key investment funds.
ExxonMobil was an unstoppable machine, one of the oldest companies in the main US industrial index Dow Jones. Besides, it had shown the best performance in the market more than once, surpassing even Saudi Aramco in terms of capitalization. However, a series of strategic decisions backfired badly, pushing down the company from its pedestal in the market Olympus. Economists believe that the plan of the company to split the shares was fatal. The decision to stimulate investors in a third-party market may look odd but according to experts, it is the only correct one despite the fact that it can adversely affect the assets of oil companies. ExxonMobil's latest misfortune is likely to have a negative impact on the company's capitalization due to the lack of opportunities to attract investments in the stock market.
The Dow Jones index shows the appeal of assets of the largest companies and their market value. While assessing a company, market players and investment funds quite often apply to the indicators in the Dow Jones Industrial Average index to make a choice whether to invest in the company or not.
