Exxon Mobil Corp. XOM shares are trading lower this morning amid a drop in oil prices. Oil has pulled back following a recent rise in US gasoline inventories. Economic uncertainty has also pressured demand outlook and weighed on energy prices.
What Else?
Additionally, the EU Commission has recently called on its member states to reduce gas usage by 15% amid concerns Russia could further cut supply through the Nord Stream 1 pipeline.
A vote on the proposal is set for July 26.
Exxon Mobil is an integrated oil and gas company that explores for, produces and refines oil around the world.
Price Action: Shares of Exxon Mobil are trading 2.19% lower at $87.29 during today’s pre market session.
Photo: Courtesy of Zbynek Burival on Unsplash
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
