Here's Why BP And Exxon Mobil Shares Are Rising

Shares of several companies in the energy sector, including BP plc BP and Exxon Mobil Corp XOM, are trading higher amid a rise in oil prices as EU nations consider joining the US in a Russian oil embargo and after an attack on Saudi oil facilities over the weekend.

BP and Exxon Mobil shares are trading higher by 8.8% and 28.3% respectively on a year-to-date basis amid continued momentum and an increase in the price of oil. Energy names have been volatile amid the Russia-Ukraine conflict, which has lifted oil and gas prices due to supply concerns.

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BP is an integrated oil and gas company that explores for, produces, and refines oil around the world.

BP is trading higher by 3.65% at $29.79. BP has a 52-week high of $34.16 and a 52-week low of $22.64.

Exxon Mobil is an integrated oil and gas company that explores for, produces and refines oil around the world.

Exxon Mobil is trading higher by 3.47% at $81.36. Exxon Mobil has a 52-week high of $91.50 and a 52-week low of $52.10.