The call, meant to make the benchmark better represent the economy, has left investors tracking the average with less money than they would have had otherwise.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Exxon Mobil (XOM) have what it takes? Let's find out.
Cash-rich Exxon Mobil and Chevron are bolstering their oil and gas drilling inventory with multi-billion-dollar takeovers as they bet on resilient demand for years to come. The consolidation wave sweeping through the U.S. energy sector that spurred deals worth $250 billion in 2023 shows no signs of slowing as companies rush to deploy their cash hoard from higher oil prices into building even bigger reserves through acquisitions. Earlier this month, Exxon closed its $60 billion purchase of Pioneer Natural after receiving a go-ahead from U.S. regulators.