This Energy Dividend Stock Just Slashed 2,000 Jobs. Should You Sell Shares Here?

It has been a season of change for big oil, with headlines swirling around production cuts and mounting layoffs. Just days ago, ExxonMobil (XOM) revealed plans to slash 2,000 jobs worldwide, representing approximately 3 to 4% of its total workforce. Despite posting $7.1 billion in earnings last quarter and maintaining shareholder returns of $9.2 billion, ExxonMobil is up against falling oil prices and accelerated consolidation across the sector. November WTI crude (CLX25) recently tumbled to a four-month ...