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IIRC the X came from the 1980s when it branched out into energy, bought Marathon Oil, and reorganized into an umbrella company named "USX" in which the US Steel
by starkparker 3y ago
IIRC the X came from the 1980s when it branched out into energy, bought Marathon Oil, and reorganized into an umbrella company named "USX" in which the US Steel part became just a subsidiary. They exited that in 2001 but apparently? kept the symbol.
- madcaptenor 3y agoIt's actually the other way around - they already had the symbol X and that's why they became USX. New York Times, July 9, 1986, on the founding of USX: https://www.nytimes.com/1986/07/09/business/us-steel-new-name-ends-an-era.html https://www.nytimes.com/1986/07/09/business/us-steel-new-nam... "Mr. Roderick explained that for months the company had considered more than 200 new names, ranging from U.S.S.A. and Amcor to Maxus. U.S.X. was selected, he said, because ''it had a continuity from the U.S. part.'' He added that X had been the company's symbol on the New York Stock Exchange since 1924. " There's no obvious connection between X and US Steel - maybe somebody just thought X sounded cool?