It has been a stunning fall from grace for Exxon Mobil Corp.Just seven years ago, Exxon was the biggest U.S. company by market capitalization. It has since lost roughly 60% of its value, with its market cap now at around $160 billion, after the pandemic crushed demand for fossil fuels. Analysts estimate Exxon will lose more than $1 billion...

Source: Wall Street Journal September 13, 2020 22:52 UTC