Exxon Mobil earnings plunge 68%
November 2, 2009 Edited by Brahm Canzer
Filed under Part 5 Managing Technology and Information, Part 6 Managing Financial Resources
Description: Exxon Mobil reported a 68% decline in third-quarter earnings Thursday as oil and natural gas prices tumbled from last year’s highs.
Source: CNNMoney.com
Date: 10/29/2009
Link: http://money.cnn.com/2009/10/29/news/companies/exxon_mobil/index.htm?postversion=2009102912
Questions for discussion:
- Summarize the current financial situation for the firm.
- Do you think investors will punish the company stock? Explain your answer.
- How has the stock reacted in comparison to the rest of the stock market? Explain your answer.
