January 7, 2019 - 12:13 AM EST
This Time Isn't Different: Exxon Mobil Corporation






This Time Isn't Different: Exxon Mobil Corporation

They say a picture is worth a thousand words. How much is this chart worth?

Source: Macrotrends

Let's Break It Down

There is a great amount of data in this seemingly simple chart, so let's start at the top. Exxon Mobil Corporation (XOM) began as a stock-split equivalent single dollar stock in the late 1980s, hitting a cyclical high of nearly $66 in Q2 2008.

What happened? Systemic economic weakness (Great Recession) and an oil crash. It hit another cyclical-high in Q2 of 2014.

What happened after that? Systemic weakness in the energy

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Source: SeekingAlpha (January 7, 2019 - 12:13 AM EST)