Exxon’s Vigorous Comeback

Exxon’s Vigorous Comeback
Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken on Sept. 4, 2022. Dado Ruvic/Reuters
Mark Hendrickson
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Commentary
In 2020, I wrote about “The Fall of Mighty Exxon.” The “fall” referred to Exxon’s stock having been dropped from the Dow Jones Industrial Average (DJIA) after a 92-year stretch of being a mainstay of that index. In retrospect, just two-and-a-half years later, hindsight indicates that dropping Exxon from the Dow may have been premature—an overreaction to the economic weirdness and distortions of the COVID lockdown.
Mark Hendrickson
Mark Hendrickson
contributor
Mark Hendrickson is an economist who retired from the faculty of Grove City College in Pennsylvania, where he remains fellow for economic and social policy at the Institute for Faith and Freedom. He is the author of several books on topics as varied as American economic history, anonymous characters in the Bible, the wealth inequality issue, and climate change, among others.
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