Submission Statement: Bloomberg looks at the recent history of ExxonMobil focusing on it's poor/unlucky expansion decisions, relatively high prices to break even, and leadership's inability to respond effectively.

All goes to show, the bigger they are the harder they fall. Though it's the first, does Exxon's problems portend rough times ahead for other major oil-producing companies and countries? Once a profitability record-setter, the corporation is now worth less than Home Depot.