October 23, 2020 I added to my long term holdings of XOM at 34.06 on today's 50% retracement of yesterday's rally, Thursday Oct 22nd, on a company announcement that layoffs are coming. I happen to know that they've already been laying off people. That's not good but it may be a signal that they are taking measures to preserve the dividend and their dividend-aristocrat status. The divvy is at 10% now. The ER is next Friday and if the divvy stands, I expect it will be positive to the price.