Weekly Recap | ExxonMobil +5.94%, bucking a falling market
Weekly Review·
- ExxonMobil rose 5.94 % this week to close at 178.98 dollars, significantly outperforming the S & P 500 index.
- Middle East supply disruptions driven by geopolitical tensions pushed oil prices higher and boosted the company's stock to record highs.
- The company released Q3 earnings guidance indicating margin pressures in upstream and energy products alongside potential record downstream refining profits.