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Despite the $85 billion dollar merger between the two companies, a few years earlier, the stocks had only risen by 2%. The news of downsizing was very distributing to the employees. Exxon Mobil had accomplished what is had set out to do. The company announced that its net income had doubled in the second quarters...
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Stakeholders were happy with the decision and the outcome. Exxon Mobil will continue to be a true giant in the industry for many years.
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