Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads.

Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads.

The Coronavirus OutbreakliveLatest UpdatesMaps and CasesBritain's Vaccine RolloutVaccine TrackerFAQ: Vaccines and More‘Is Exxon a Survivor?' The Oil Giant Is at a Crossroads.Exxon Mobil is struggling to find its footing as demand for oil and gas falls and world leaders and businesses pledge to fight climate change.An Exxon Mobil drilling ship off Guyana. The company plans to drill more oil there and in other countries even as world leaders step up the fight against climate change.Credit...Christopher Gregory for The New York TimesBy Clifford KraussHOUSTON — Over the last 135 years, Exxon Mobil has survived hostile governments, ill-fated investments and the catastrophic Exxon Valdez oil spill. Through it all, the oil company made bundles of money.But suddenly Exxon is slipping badly, its long latent vulnerabilities exposed by the coronavirus pandemic and technological shifts that promise to transform the energy world because of growing concerns about climate change.The company, for decades one of the most profitable and valuable American businesses, lost $2.4 billion in the first nine months of the year, and its share price is down about 35 percent this year. In August, Exxon was tossed out of the Dow Jones industrial average, replaced by Salesforce, a software company. The change symbolized