-0.55% to $165.08 from $165.99
What moved XOM
- Shares climbed more than 2% in morning trading.
- Saudi Arabia shut its East-West pipeline, which normally carries several million barrels a day to Red Sea export terminals, after drones launched from Iraq struck the line in the Riyadh and Medina regions.
- The closure forces shippers to reroute around the Arabian Peninsula, adding a risk premium that pushed Brent crude above $100 a barrel.
Sources: Yahoo Finance · Gokhshtein · Money Morning
+0.75% to $160.66 from $159.47
What moved XOM
- Brent crude touched a session high near $99.46 a barrel after Iran-backed Houthi militants claimed attacks on Saudi Arabia’s Jazan refinery and other energy facilities.
- The U.S. struck Iranian oil tankers it said were linked to the Islamic Revolutionary Guard, in response to attempted Iranian attacks on a U.S. ship in the region.
- Exxon shares rose alongside the broader energy sector as crude prices climbed on the escalation.
Sources: CNBC · NBC News
-2.08% to $160.64 from $164.05
What moved XOM
- Oil prices fell to a one-week low, with Brent crude down about 3% to roughly $89 a barrel and WTI down about 3% to roughly $82.55, after the U.S. shifted to economic sanctions rather than military action against Iran.
- Exxon Mobil, Chevron and ConocoPhillips all traded lower as investors unwound the geopolitical risk premium that had been supporting energy stocks.
Sources: CNBC · Yahoo Finance
+0.01% to $159.80 from $159.79
What moved XOM
- A senior Iranian official said the Strait of Hormuz would not reopen until Washington meets Tehran’s conditions, including unfreezing Iranian funds held overseas.
- U.S. crude rose above $83 a barrel and Brent crude advanced to nearly $89, with oil prices up more than 6% for the week amid fading hopes for a deal to restore shipping traffic through the strait.
- Vessel transits through Hormuz remained very low, with just eight ships crossing Monday compared with more than 130 before the U.S. and Israel struck Iran in late February, according to trade intelligence firm Kpler.
Sources: CNBC
+4.41% to $159.79 from $153.04
What moved XOM
- Exxon Mobil shares rose as global crude oil prices increased amid supply concerns, with the company citing continued cost synergies and production efficiencies from the integration of its Permian Basin assets.
- Brent crude futures for October delivery gained about 1% to $84.42 a barrel as traders weighed mixed signals from the U.S. and Iran over reopening the Strait of Hormuz.
- Exxon Mobil declared a quarterly cash dividend of $1.03 per share, with an ex-dividend date of Aug. 17, 2026.
Sources: TradingKey · TheStreet · Yahoo Finance