Exxon Mobil Corp
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Energy : Oil, Gas & Consumable Fuels | Large Cap ValueCompany profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products. The Company's segments include Upstream, Downstream, Chemical, and Corporate and Financing. The Upstream segment operates to explore for and produce crude oil and natural gas. The Downstream operates to manufacture and sell petroleum products. The Chemical segment operates to manufacture and sell petrochemicals. The Company has exploration and development activities in projects located in the United States, Canada/South America, Europe, Africa, Asia and Australia/Oceania.

Closing Price
$69.23
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
0

10-day average volume:
12,693,716
0

Warren Buffett's Berkshire Hathaway boosts Bank of America stake to over 10%

8:27 am ET July 26, 2019 (MarketWatch)
Print

Bank of America Corp. (BAC) disclosed in a filing late Thursday that Warren Buffett's Berkshire Hathaway Inc. (BRKA) now owns a 950 million share stake in the bank. That's up from the 896,167,600 shares, or 9.4%, Berkshire disclosed it owned at the end of March. That extends Berkshire's lead as BofA's largest shareholder, above second-place Vanguard Group at 6.8%, according to FactSet. BofA's stock rose 0.5% in premarket trading. "The beneficial ownership of the shares of common stock reported herein exceeds 10% as a result of the issuer's repurchases of its own securities, based on the issuer's most recently announced number of shares of common stock outstanding," Berkshire stated in a Form 3 filing with the Securities and Exchange Commission. BofA's most recent 10-Q filing said there were 9.51 billion shares outstanding as of April 25, but the bank said it bought back $6.5 billion worth of stock during the second quarter. The stock has run up 23.1% year to date through Thursday, while the SPDR Financial Select Sector ETF (XLF) has climbed 19.1% and the Dow Jones Industrial Average has advanced 16.4%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 26, 2019 08:27 ET (12:27 GMT)

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