Summary by Moomoo AI
The Vanguard Group has filed an amended Schedule 13G/A with the Securities and Exchange Commission (SEC) on February 13, 2024, indicating a significant ownership stake in Exxon Mobil Corp. According to the filing, The Vanguard Group now holds an aggregate amount of 388,515,989 shares of Exxon Mobil's common stock, which represents 9.70% of the company's class of securities. This position is a combination of shared and sole voting and dispositive power, with 4,913,984 shares under shared voting power and 371,428,609 shares under sole dispositive power. The filing, which is required due to an event on December 29, 2023, states that these shares were acquired in the ordinary course of business and not with the purpose of changing or influencing the control of Exxon Mobil. The Vanguard Group, based in Pennsylvania, is a major investment adviser and reports that the securities are held on behalf of its clients, including registered investment companies and other managed accounts.