Was there a stock split for standard OIl in 1970?

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1278402

2026-08-12 14:35

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Yes, Standard Oil Company (New Jersey), which later became part of ExxonMobil, underwent a stock split in 1970. Specifically, it executed a 2-for-1 stock split on May 1, 1970, which effectively doubled the number of shares outstanding while halving the share price. This move was part of broader strategies to enhance liquidity and adjust the stock's market price.

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