Exxon Mobil slides 1.18%; closes lower for six consecutive days

Published: March 19 2023, 13:21 GMT+0

Exxon Mobil slides 1.18%; closes lower for six consecutive days

A quick look at Friday: during Friday's session, Exxon Mobil toiled and struggled for upward momentum before closing at $99.84. By the close, the the Texan oil and gas company suffered a $1.19 or 1.18% loss.

  • Daily trading volume (42.86 million shares) increased, making up 294% of the 21-day average (14.58 million).
  • Exxon Mobil discloses 91 cents per share dividend to be paid on Friday, March 10th

The opening bell in a day time follows Friday's session in which S&P 500 decreases 1.1% before ending the session at 3,916.64. Dow Jones retreats 1.19% before ending the session at 31,862. Exxon Mobil was down Friday while similar drops were seen throughout the Energy sector (down 0.505%).

The US oil and gas giant has fallen back around 15.22% over the past a month, from a notable high of $119.17. So far this year, it has performed better than the Dow Jones by 4.11%. Exxon Mobil's market cap is currently $406.45 billion with an average daily trading volume of 14.58 million shares. Exxon Mobil expected revenue of $94.67 billion with an EPS of $3.3.

Just recently, Exxon Mobil's board disclosed a quarterly dividend of 91 cents per share and subsequently paid on Friday, March 10th for all shareholders of record up until Tuesday, February 14th. The company's decision thereby provides Exxon Mobil investors with an annualised dividend yield of 3.65% (based on current prices).

Exxon Mobil was not the only decliner in the energy sector; Chevron went down to $152.34, losing 1.26% after it closed at $154.29 Friday. BP closed at $35.17 (down 1.26%).