NEW YORK, Feb 22, 2026, 11:36 EST — Market’s done for the day.
- Exxon finished Friday at $147.28, dropping 2.44% by the close.
- Director Jeffrey Ubben won’t seek another term, according to an SEC filing, and will step down at the annual meeting on May 27.
- Oil wrapped up the week hovering close to a six-month peak, with traders eyeing potential supply disruptions tied to U.S.-Iran tensions.
Exxon Mobil Corp finished Friday at $147.28, a drop of 2.44%. That move came as the S&P 500 tacked on 0.69% and the Dow Jones Industrial Average edged up 0.47%. Chevron dipped 0.46%, while ConocoPhillips lost 0.95%.
U.S. markets won’t be open Sunday, yet Exxon’s filing late in the week hands investors something new to digest before Monday’s bell. Still, Exxon Mobil stock may end up moving more on crude prices than the latest filing.
Brent finished Friday 0.14% higher at $71.76 per barrel, after gaining late in the session. U.S. WTI, on the other hand, slipped 0.06% to $66.39. Traders kept a close eye on supply risks as U.S.-Iran tensions persisted. “We’re caught in between anticipation what’s going to happen with the U.S. and Iran,” said Phil Flynn, senior analyst at Price Futures Group. Short-covering helped push prices up near the close. Reuters
Exxon disclosed in a Form 8-K filing that director Jeffrey W. Ubben has informed the company he won’t seek re-election at the annual meeting set for May 27, 2026, citing reasons not related to Exxon. “We thank Jeff for his service on the ExxonMobil Board of Directors,” CEO Darren Woods said. Exxon Mobil Corporation
Exxon said back in March 2021 that Jeffrey Ubben joined its board, along with Michael Angelakis.
Exxon shares kicked off Friday at $150.49, climbed to $150.81 at the day’s peak, and bottomed out at $146.46, finally wrapping up at $147.28. Volume came in around 25.9 million shares.
Monday’s open gives traders a chance to gauge if Friday’s decline marked just a pause following the rally in energy stocks, or if there’s more to it. Positioning is thin to start the week. Exxon, seen as a stand-in for the wider U.S. oil trade, tends to react quickly when crude shifts.
But the setup isn’t one way. Should geopolitical tensions ease, or if signs point to rising supply, oil prices tend to retreat fast—integrated majors usually move right along with them.
Traders are eyeing the U.S. Energy Information Administration’s weekly petroleum status report, scheduled for Feb. 25. The data lands at 10:30 a.m. Eastern, a regular timeslot, and often triggers moves in oil prices if inventories deviate from expectations—a swing that can ripple through to Exxon shares.
