XOM
NEW YORK STOCK EXCHANGE, INC. · Energy
Exxon Mobil Corp
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-9.52 (-5.61%)
XOM News30 articles
Oil Soars on Hormuz Closure, Gas Tops $4; Wall Street Eyes $150
Oil prices surged with Brent crude approaching $115 a barrel after an attack on a Kuwaiti tanker closed the Strait of Hormuz, disrupting global supply. The U.S. national average for gasoline has surpassed $4 a gallon.
EU Gas Prices Hold Near €54 as Supply Fears Mount Ahead of Winter
European benchmark gas prices remain elevated near €54 per megawatt-hour as EU ministers plan emergency talks. Storage levels are critically low at 28%, with Germany reporting higher inflation driven by energy costs.
Oil Volatility Surges as Middle East Tensions and G7 Action Rattle Markets
Oil prices whipsawed on Monday, with Brent crude briefly surpassing $116 a barrel before retreating, while U.S. West Texas Intermediate gained over 3%. The volatility stems from escalating Middle East tensions and emergency G7 measures to stabilize markets.
Markets Mixed as Geopolitical Tensions, Fed Stance Weigh on Sentiment
U.S. equities showed a split performance on Monday, with the Dow Jones Industrial Average advancing 0.69% while the Nasdaq Composite slipped 0.13%. Investor sentiment remained fragile amid geopolitical risks and evolving Federal Reserve commentary.
Dow Surges on Diplomatic Hopes, Energy and Financials Lead Rebound
The Dow Jones Industrial Average rallied over 300 points Monday, recovering some of last week's steep losses, after President Trump said the U.S. was in talks to end the Iran conflict. Energy and financial stocks led the advance.
Oil Surges as Supply Fears Outweigh Iran Deal Optimism
Oil prices rallied sharply Friday, with Brent crude rising above $111 and U.S. West Texas Intermediate nearing $99, as skepticism over Iran talks and a critical supply choke point kept markets tense.
Market Volatility Spikes as Middle East Tensions Fuel Oil, Inflation Fears
Wall Street's volatility index surged toward 30 as escalating Middle East tensions pushed oil prices higher, rattling equities and boosting inflation concerns. The Nasdaq entered correction territory while traditional safe havens failed to attract bids.
European Gas Volatility Continues as Qatar LNG Outage Sparks Supply Scramble
European natural gas prices whipsawed, settling lower despite a persistent supply shock from Qatar. Italy is securing alternative supplies as Cheniere Energy reports operating at maximum capacity.
S&P 500 Reclaims Key Technical Level Amid Geopolitical Relief
The S&P 500 rallied sharply, climbing back above its 200-day moving average after President Trump delayed strikes on Iran. The move split analysts on whether it signals a durable rebound or a temporary respite.
Markets Rally on Iran De-escalation, But Energy Disruption Lingers
Equities rallied and oil prices plunged after a five-day pause in U.S.-Iran tensions, though the closure of the Strait of Hormuz continues to severely disrupt global energy supplies.
Markets Rally as Trump Delays Iran Strikes, Easing Oil Shock Fears
Oil prices tumbled sharply while U.S. equity futures rallied after President Trump delayed military action against Iranian energy infrastructure, easing investor concerns over a potential oil supply shock.
Gulf Attacks Propel Oil, Widen Brent-WTI Gap to 2015 High
Oil prices experienced extreme volatility Thursday following Iranian strikes on Gulf energy infrastructure, with Brent crude briefly exceeding $119 a barrel. The attacks have damaged Qatar's LNG export capacity and widened the key Brent-WTI spread to its largest margin since 2015.
U.S. Gas Prices Approach $4 as Mideast Conflict Drives Oil Surge
U.S. gasoline prices climbed toward $4 per gallon Thursday as Brent crude briefly surpassed $119 following Iranian strikes on Gulf energy facilities, with diesel topping $5 for only the second time on record.
Iran Threats Spark 5% Oil Surge, Brent Tops $108 Amid Gulf Tensions
Oil prices jumped sharply as Iran threatened strikes on Gulf energy infrastructure, pushing Brent crude up 5% to $108.56 a barrel. The escalation offset a large U.S. crude inventory build, with traders focused on geopolitical risks.
Occidental Petroleum Shares Dip Despite $100 Oil and Analyst Upgrades
Occidental Petroleum shares declined 1% to $57.83 by midday Friday, even as Brent crude surged past $101 per barrel. The stock received upgrades from Piper Sandler and Wells Fargo, with both firms highlighting improved capital efficiency and the company's ongoing debt reduction efforts.
Oil Majors Rise as Strait of Hormuz Attacks Spark Crude Price Surge
Major oil equities advanced in premarket trading Thursday as crude prices surged past $100 a barrel after new attacks on shipping in the Strait of Hormuz, though prices later eased. Broader market futures fell as traders reassessed Federal Reserve rate cut expectations.
Oil Prices Rebound Above $88 as Hormuz Supply Fears Outweigh IEA Stockpile Plan
Oil prices recovered sharply on Wednesday, with Brent crude climbing back above $88 per barrel, as market concerns over supply disruptions in the Strait of Hormuz overshadowed discussions of emergency stockpile releases by the IEA and G7 nations.
Exxon Mobil Seeks Shareholder Nod to Reincorporate in Texas
Exxon Mobil Corporation has proposed shifting its legal headquarters from New Jersey to Texas, a move requiring shareholder approval at its upcoming annual meeting. The change would align its legal home with its operational hub but not affect physical assets or employment.
BP Stock Gains on Oil Price Surge, Yet Market Skepticism Lingers Over Lasting Impact
BP's stock climbed 2.2% in London trading following a sharp spike in oil prices, though the gain significantly lags behind crude's over 40% surge since late last month, reflecting market doubts about sustained supply disruptions.
Chevron Gains as Middle East Tensions Fuel Oil Price Surge
Chevron shares climbed 1.7% to $189.28 as crude prices jumped sharply amid Middle East supply disruptions. Brent crude gained 4.93% while WTI surged 8.51% to $81.01.
Shell Secures New Kazakhstan Exploration Rights Amid Ongoing Arbitration
Shell has entered into an agreement with Kazakhstan's energy ministry for exploration rights to the Zhanaturmys oil and gas block, valid until 2032. The move comes as the company remains engaged in international arbitration concerning other Kazakh ventures and proceeds with its share repurchase program.
Exxon Mobil Diverts Fuel to Australia Amid Hormuz Closure, Lifting Oil Prices
Exxon Mobil is sending its first fuel cargo from the U.S. Gulf Coast to Australia since December to address Asian supply shortages caused by the Strait of Hormuz closure. Brent crude surged 4.7%.
Chevron Shares Retreat Despite Soaring Oil Prices, Hormuz Blockade Sparks Supply Fears
Chevron shares declined alongside the broader energy sector, even as crude prices held near multi-month highs due to a critical shipping chokepoint remaining closed. Major banks have increased their oil price projections.
Hormuz Closure Sparks Oil Surge, Global Market Turmoil
Global energy markets convulsed as the closure of the Strait of Hormuz sent oil prices above $84 and European natural gas soaring over 50%, while equity markets worldwide tumbled on heightened geopolitical risk.
Exxon Shares Retreat Amid Oil Price Surge, Venezuela Plans Scrutinized
Exxon Mobil shares fell 1.6% in extended trading Tuesday as oil prices surged nearly 5% to yearly highs. Investors assessed regional exposure and Venezuela re-entry comments.
OXY Shares Reverse Gains as Oil Spikes on Middle East Tensions
Occidental Petroleum shares gave up early gains and closed lower Tuesday, caught in volatile trading as oil prices surged to 2024 highs on Middle East supply concerns. Investors are focused on upcoming inventory data and a key debt-tender deadline.
Iran Conflict Sparks Oil Price Surge, Strains Energy Majors
Escalating conflict in the Middle East has driven Brent crude prices sharply higher and disrupted critical energy shipments, posing significant risks to major oil companies with regional exposure.
ConocoPhillips Leads Energy Rally as Middle East Tensions Fuel Oil Surge
ConocoPhillips shares climbed 4.2% to $118.24, leading U.S. energy stocks higher as Brent crude oil prices surged 6.7% to $77.74 per barrel amid escalating Middle East tensions and supply disruptions.
ConocoPhillips Leads Energy Rally as Middle East Tensions Spike Oil
ConocoPhillips shares climbed 4.2% to $118.24, leading U.S. oil majors higher after Brent crude surged 6.7% to $77.74 a barrel due to Middle East supply disruptions. The U.S. government is expected to announce measures Tuesday to address the price shock.
Exxon Gains After-Hours as Iran Tensions Lift Oil; BofA Raises Target
Exxon Mobil shares advanced in after-hours trading Monday, tracking a surge in crude oil prices following military strikes in Iran. Bank of America increased its price target on the stock, highlighting supply disruption risks.