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All-points-south for ExxonMobil, on verge of collapse

It’s been three weeks since ExxonMobil released its results for Q4 2019, which showed a plethora of warning signs to investors. Its stock hasn’t stopped falling since – sliding to its lowest level since July 2010. Some will see this as a prime time to buy, and that the company that used to be the most valuable in the US can’t just crumble. But with the rise of green financing and renewables, the slide of ExxonMobil’s fall from grace may only just be getting started. In 2008, ExxonMobil was the largest company in the US – it’s now 9th, but this isn’t just due to the rise of tech giants like Apple and Microsoft. Since peaking in value in 2014,…

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