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FALL OF AN EMPIRE

The oil and gas industry’s fall from grace, in charts

Exxon Mobil sign
Richard Drew/AP
ExxonMobil used to be one of the world’s most powerful companies.

Battered by successive price crashes, facing mounting public scrutiny, and shoved aside by ascendant tech companies like Facebook and Google parent Alphabet, the power wielded by oil companies in the US is rapidly waning. In 2007, 12 of the 100 largest companies in the S&P 500 by market capitalization were oil companies.

Today, there are just two.

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