Exxon Mobil Corp
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XOM Exxon Mobil Corp
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Energy : Oil, Gas & Consumable Fuels | Large Cap Value
Company 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.

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Today's volume of 182,599 shares is on pace to be much lighter than XOM's 10-day average volume of 23,353,446 shares.


UPDATE: Alibaba launches Luxury Soho targeting younger consumers

10:55 am ET May 7, 2020 (MarketWatch)

Alibaba Group Holding Ltd. (9988.HK) has launched Luxury Soho, a platform aimed at Gen Z and younger shoppers from lower-tier cities in China. Alibaba notes the growing number of tech savvy luxury consumers born after 1995. The platform also offers brands the opportunity to customize their presence on the site. Tapestry Inc.'s (TPR) Coach brand is an example of the kinds of labels Christina Fontana, head of Tmall fashion and luxury in Europe, thinks would be appropriate for this e-commerce channel. "There will be more flexibility in how people shop for luxury items and how brands handle off-season or excess products," she said in an interview posted on (https://www.alizila.com/tmalls-head-of-fashion-in-europe-on-new-luxury-soho-channel/) the Alibaba website. She also says the coronavirus pandemic is shifting more brands to e-commerce from stores, where many luxury names have traditionally sold their goods. Alibaba stock is up 7.6% for the past year while the S&P 500 index is up 0.2% for the period.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 07, 2020 10:55 ET (14:55 GMT)

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