Let Exxon back into the Dow Jones index

Sustained growth: Motorists refuel their vehicles at an Exxon petrol station in New Mexico. The company has outperformed the index, delivering total returns including reinvested dividends of 212% compared with 25% for the index. —Bloomberg

IN August 2020, Exxon Mobil Inc, the largest American oil company, was expelled from the Dow Jones Industrial Average, the world’s most famous stock index.

It was described at the time as green triumphing over greed. Nearly three years later, the mood has changed.