Zinger Key Points
- Exxon Mobil shares are down 2% Wednesday afternoon.
- Shares of energy and petroleum stocks are trading lower as oil prices drop after US inventories rose by 3.6 million barrels.
- Our government trade tracker caught Pelosi’s 169% AI winner. Discover how to track all 535 Congress member stock trades today.
Exxon Mobil Corp XOM shares are down 2% at $105.40 Wednesday afternoon, but have bounced above the session and 52-week low of $103.67. Shares of energy and petroleum stocks are trading lower as oil prices drop after US inventories rose by 3.6 million barrels.
Additionally, trade concerns and OPEC+’s recent decision to move forward with its planned April wind-down of production cuts added further pressure. The commodity is currently trading at a 6-month low.
Read Also: US Services Sector Unexpectedly Expands In February Despite Slowing Job Growth
Why This Matters: As one of the largest integrated oil and gas companies, Exxon is particularly vulnerable to falling crude prices, which directly impact its upstream profits from oil production. Lower prices also squeeze refining margins, making it more difficult for Exxon to offset losses with its downstream operations.
Additionally, OPEC+'s decision to move forward with its planned April rollback of production cuts has heightened concerns about a potential supply glut, exacerbating downward pressure on oil markets.
Beyond industry-specific challenges, broader economic concerns and trade uncertainties are dampening sentiment toward Exxon and the energy sector as a whole.
Additionally, with the Energy Select Sector SPDR Fund XLE struggling to find support, Exxon's stock remains under pressure in 2025, prompting Wednesday’s drop to a fresh 52-week low.
How To Buy XOM Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Exxon Mobil’s case, it is in the Energy sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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