Business

Exxon Stock Is Up

November 29, 2022

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Exxon Stock Is Up. Oil Is Down. 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Nov. 25, 2022 7:51 pm ET

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It could be time to sell Exxon Mobil (XOM), given a disconnect between the stock and the oil markets.

The shares of the No. 1 U.S. energy company are up 86% this year to $113, while oil prices, as measured by West Texas Intermediate, have round-tripped to $77 a barrel after declining from a June high of more than $120.

Exxon Stock Is Up. Oil Is Down. Something’s Got to Give.

It could be time to sell Exxon Mobil (XOM), given a disconnect between the stock and the oil markets.

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