Renewed Middle East fighting lifted crude prices and increased the potential value of major oil producers' future output.
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ExxonMobil (NYSE:XOM) is one of the top energy names in President Donald Trump’s financial disclosures from earlier this year. The stock is up about 27% so far this year. But does a presidential trade make it a buy today? Let’s break down what’s actually driving the stock. Exxon benefits directly from rising oil prices amid […]
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Oil prices were jumping higher after the U.S. military intercepted Iranian ballistic missiles aimed at American forces in Jordan. Shortly after the attack, the U.S. and Saudi Arabia launched strikes in Iraq against Iran-backed groups that the Islamic Revolutionary Guard Corps previously directed to attack American troops and Saudi energy infrastructure. The escalation in hostilities hit market hopes that the vital Strait of Hormuz waterway would reopen.
ExxonMobil should report a profit gusher later this week.
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Exxon Mobil's (XOM) stock offers limited upside potential amid ongoing geopolitical concerns, while
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