XOM
NEW YORK STOCK EXCHANGE, INC. · Energy
Exxon Mobil Corp
$136.72
+0.66 (+0.49%)
XOM News30 articles
Sable Offshore Shares Plunge 48% on Dilution Fears From $100M Stock Sale
Sable Offshore shares tumbled 48.5% as its $100 million stock sale could nearly double dilution due to the lower share price, part of a broader refinancing package.
Refiners Outperform Oil Majors in June as XLE Weights Shift
Valero Energy and Marathon Petroleum posted gains in June, outperforming major oil companies, as the Energy Select Sector SPDR Fund declined 4.8%.
Energy Sector Decouples from Oil as Diesel Margins and Norway Lockout Shape Divergent Trends
Brent crude plunged 10.86% last week, but the XLE ETF slipped only 0.4%, signaling a decoupling. Refiners gain from tight diesel margins, while oilfield services face headwinds from a Norway lockout and rising U.S. rig counts.
Chevron Shares Dip as Oil Plunges, AI Power Deal Offers Growth Hope
Chevron shares slipped 0.69% as oil prices tumbled over 3%, while a new Microsoft data center power deal offers potential for steadier revenue. The market weighs near-term oil risks against long-term AI infrastructure growth.
Exxon Mobil Holds Steady Amid Crude Slump, Diesel Spreads Support
Exxon Mobil (XOM) closed at $136.54, down 0.73%, outperforming crude's 9.62% weekly plunge as robust diesel crack spreads provided support.
Dow Edges Up as Tech Drags S&P 500 and Nasdaq Lower
The Dow Jones Industrial Average gained 0.34% as tech stocks declined, dragging the S&P 500 and Nasdaq lower. Attention turns to Micron's earnings after the bell, with AI spending and inflation data in focus.
Energy Stocks on Edge as Strait of Hormuz Closure Roils Markets
The Energy Select Sector SPDR Fund fell 6.6% as Iran's Strait of Hormuz blockade halted tanker traffic. U.S. energy stocks like Exxon Mobil, Chevron, and ConocoPhillips face potential swings when markets reopen Monday.
Exxon Mobil Slides 6% as Oil's War Premium Fades
Exxon Mobil shares slid 6.3% for the week to $137.81 as Brent crude dropped 8% on improved Strait of Hormuz flows and easing war risk, despite a Bank of America upgrade to Buy and a new LNG deal in South Africa.
Dow Notches Record Close as US-Iran Deal Eases Oil Fears
The Dow Jones Industrial Average surged to a new closing high Monday as a U.S.-Iran deal eased oil supply fears, sending crude prices lower and boosting investor sentiment.
Exxon Mobil Shares Slide as Oil Prices Tumble on US-Iran Strait Deal
Exxon Mobil shares dropped 4% to $141.10 as crude prices fell on a US-Iran deal to reopen the Strait of Hormuz, with weaker Q1 earnings and compressed margins adding to the stock's woes.
Wall Street Hits New Highs as Iran Deal Sends Oil Tumbling; Fed in Focus
U.S. stocks hit fresh records Monday after a U.S.-Iran agreement sent oil prices crashing 5%, lifting airlines and tech while dragging energy stocks. The Fed's June 16-17 meeting is the next catalyst.
Wall Street Hits New High as Oil Drops; Focus Shifts to Fed
The Dow hit a record 51,851 as oil prices fell on a tentative U.S.-Iran deal, boosting airlines and dragging energy stocks. The Fed meeting is next.
Oil Prices Tumble as US-Iran Talks Advance, Reserve Drawdowns Raise Concerns
Oil prices plunged over 3% to multi-month lows as traders bet on a potential US-Iran peace deal reopening the Strait of Hormuz, but falling inventories and reserve releases leave markets exposed to a sharp spike if flows delay.
Energy Stocks Hold Steady as Oil Prices Retreat on Iran Deal Hopes
Brent crude dropped 3.37% to $87.33, and WTI fell 3.23% to $84.88 on Friday amid optimism over a potential U.S.-Iran agreement, but energy stocks like XLE ended the week nearly unchanged.
Oil Prices Slide as Iran Peace Hopes Ease War Premium
Brent crude fell 3.7% to $87.04 and WTI dropped 3.55% to $84.60 on hopes of a U.S.-Iran peace deal, reducing war premium. Energy stocks rose as investors balanced lower prices with supply risks.
SCHD's Heavy Top Holdings Raise Red Flags for Safety Seekers
SCHD's top 10 holdings now make up 43.5% of assets, raising concentration risk. With a 3.24% yield and $95.17B in assets, the fund's safety profile is under scrutiny.
Chevron Holds Ground Amid Oil Market Tightening, Earnings Season Looms
Chevron shares closed at $187.31 Friday, down 0.55% but up 2.7% since late May. CEO Mike Wirth expects oil to face upward pressure into June and July, with the stock's next move tied to tightening markets and U.S. inventory data.
Exxon Mobil's Stock Outlook Tied to Oil Prices and Fed Policy
Exxon Mobil stock closed lower Friday but gained for the week. Investors weigh tight oil supplies against demand destruction and upcoming inflation data that could influence Fed policy.
Oil Slips on Ceasefire Hopes, Tight Inventories Loom
Oil prices dropped Friday on ceasefire optimism, but tight inventories and summer demand risks could trigger a price spike.
Markets Mixed: Nvidia Gains on AI Chip Launch, Oil Surges on Iran Tensions
U.S. stocks were mixed Monday as Nvidia surged on a new AI chip with Microsoft, while oil prices jumped over 6% on Iran-related risks. The Dow fell 0.2%, and the S&P 500 was flat.
Exxon Warns of $160 Oil as Hormuz Talks Stall, Shareholders Back Texas Move
Exxon Mobil warned crude could spike to $150-$160 a barrel as global inventories near minimums. Shareholders approved moving legal home to Texas.
Dow Gains Ground as Blue-Chips Outperform; Nasdaq Edges Lower
The Dow Jones Industrial Average climbed 0.5% on Wednesday, outperforming a flat S&P 500 and a 0.1% Nasdaq dip, as investors favored blue-chip stocks.
Dow Rises as Nasdaq Pulls Back; Oil Slide Boosts Airlines
U.S. stocks traded mixed Wednesday as the Dow gained and the Nasdaq dipped from record highs. Oil prices fell sharply, boosting travel stocks but weighing on energy shares.
Dow Slides as AI Chip Frenzy Lifts S&P 500 and Nasdaq
The Dow Jones Industrial Average dropped 174 points Tuesday, while the S&P 500 and Nasdaq rallied on AI chip gains, led by Micron's brief $1 trillion valuation.
Tech Stocks Propel S&P 500 and Nasdaq Higher; Dow Slips on Energy and Healthcare Weakness
The Dow slipped 0.26% on Tuesday as UnitedHealth and Chevron weighed, while the S&P 500 and Nasdaq rallied on tech and AI stocks. Oil prices climbed amid geopolitical concerns.
Exxon Mobil Slips Ahead of Annual Meeting, Venezuela Talks
Exxon Mobil shares fell 1.9% for the week, closing at $154.92, as investors weighed volatile crude prices and potential Venezuela oil deals ahead of the annual meeting and vote on moving legal base to Texas.
Chevron Faces Holiday Test: Oil Shock, Pump Price Flak, and Director's Stock Sale
Chevron shares ended the week flat as Brent crude held above $100, while California officials urged drivers to avoid its stations over high pump prices and director John B. Hess disclosed a big stock sale.
Brent Crude Surges Past $105 on Hormuz Supply Concerns
Brent crude rose 3.2% to $105.88 on Friday as traders doubted a swift U.S.-Iran deal would restore oil flows through the Strait of Hormuz. The IEA warned of a potential supply red zone by August.
Exxon and Chevron Warn of Unpriced Hormuz Disruption Risks as Oil Reserves Drain
Exxon and Chevron warn oil markets haven't fully absorbed the Strait of Hormuz disruption. U.S. emergency reserves hit a record low, while Brent crude settled at $111.28.
Motor Oil Supply Strains Emerge Amid Middle East Crisis
Nissan has withdrawn a motor oil shortage warning but says supply could tighten. Middle East disruptions are limiting Group III base oil, raising costs for synthetic motor oils.