An Exxon gas station sign is seen in the Brooklyn borough of New York City, on Oct. 6, 2023.
Four years ago, Exxon Mobil's reign as the longest-serving component in the Dow Jones Industrial Average abruptly ended when the oil major was replaced by Salesforce in August 2020 in the biggest shake-up in years.
That reshuffling of the Dow was seen as a sign of the times, with the energy sector struggling from a total collapse in oil prices into negative territory during the Covid-19 pandemic.
Meanwhile, technology stocks booked strong gains during the work-from-home era.
The oil major's stock has gained nearly 170% since the August 24, 2020, announcement of its exit from the Dow, while Salesforce has gained just 4% over the same period.
Persons:
Exxon Mobil's, Salesforce, Dow
Organizations:
Exxon, Dow Jones, Dow
Locations:
Brooklyn, New York City