Buy Exxon Mobil Shares

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How COVID-19 has impacted Exxon Mobil and measures they’ve taken as a business to combat it. Read on below.

Exxon Mobil Shares

Our aim is to help you buy Exxon Mobil shares armed with as much research and information as possible.

Below we’ve aggregated up to date information on Exxon Mobil including a detailed coronavirus section, full company information and live share prices and trend graphs. We’ve also added a step by step guide showing you exactly how to buy Exxon Mobil shares.

About Exxon Mobil

If you’ve heard of any oil company before, it’s probably Exxon Mobil. The multinational giant focuses on petroleum and petrochemicals on a global scale. Exxon Mobil operations include generation of electricity, the production of oil and gas, minerals like coal operations. The company also produces and markets lubricants and chemicals.

The company was known as Exxon Corporation, and until 1972 it was also identified as Standard Oil Company (New Jersey). Exxon was previously an oil and natural resources focused company that later merged with Mobil Corporation which gave birth to Exxon Mobil in 1999.

Exxon Mobil’s largest shareholder is the Vanguard Group, Inc., with a total share of 346,578,691, which amounts to an 8.19% stake in the petroleum producing company.

How Coronavirus has impacted Exxon Mobil's share price

Below is a timeline of how the COVID-19 pandemic has affected Exxon Mobil, their industry as a whole and how they’ve reacted to the situation internally and externally.

APRIL 3RD

Exxon Mobil has reported that it launched various projects with the Global Center for Medical Innovation (GCMI) to quickly redesign and produce reusable PPE for health workers who are fighting against the COVID-19 pandemic.

APRIL 7TH

The oil giant announced that it would slash $10bn of capital spending in 2020 as a response to the COVID-19 pandemic. It is a 30% reduction in its initially planned $33bn spending for 2020.

APRIL 17TH

Exxon Mobil and Univar Solutions partners to help safety measures at Transportation Security Administration (TSA) locations in the United States because of the coronavirus pandemic.

April 23rd

The company announced that it would host its 2020 Annual Meeting of Shareholders in a virtual-only format on 27th May via a live audio webcast.

April 24TH

The Exxon Mobil company has modified its facilities to manufacture medical-grade sanitizer as its response against coronavirus. The manufactured sanitizers were donated to first responders and health care providers across the United States.

Technavio pre and post Covid-19 market estimates predict that the natural gas market for Exxon and other related companies are set to grow by over 4%.

How to buy Exxon Mobil shares

It’s a very simple and straightforward process to getting started and owning a share of Exxon Mobil. Our step by step guide below will show you just how easy.

1. Pick a share trading platform.
We’ve provided a selection below to help you choose (many come with an app that you can manage from your phone).

2. Open an account with your chosen trading platform.
As with any account you’l be required to identify yourself with some personal details to make sure you are who you say you are.

3. Add a payment method.
You’ll be securely transferring money to your share trading platform in order to buy the shares, so you’ll need to add a way to pay.

4. Search for the company you want to buy shares in.
Each share trading platform has a simple way to locate the company you’ve identified.

5. Buy the shares.
Make sure you check the share price of the company you’re investing in and how much you’re investing (and ensure you’re happy with both) before you click the ‘buy’ button.

And that’s it, you’re now a shareholder. Congratulations!

Always remember that the value of your investments can go down as well as up. There’s a chance you may end up with less than you begin with. Capital is at risk.

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