Exxon Mobil Corp. is getting booted off the Dow Jones Industrial Average after a nearly century-long run on the 30-stock benchmark, which analysts say reflects ongoing changes to the energy sector.

S&P Dow Jones announced on Aug. 24 the removal of Exxon Mobil, replacing the oil giant on its namesake industrial average with Salesforce.com, a San Francisco-based software company. The Dow will also replace Pfizer Inc. and Raytheon Technologies Corp., effective prior to the opening of trading on Aug. 31. The index changes were prompted by Apple Inc.’s decision to split its stock 4:1.

Mike Bradley, managing director and senior equity salesperson at Tudor, Pickering, Holt & Co. (TPH), called the change the biggest Dow has ever had.

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