Exxon Mobil stock climbs as oil jumps on geopolitics — here’s what traders watch next
Exxon Mobil shares climbed 2.5% to $149.83 by late morning Wednesday as crude prices rebounded. Brent rose 2.9% to $69.38 a barrel after Russia-Ukraine talks broke down and U.S.-Iran tensions persisted. Exxon said its Guyana gas pipeline is ready but needs more local demand; parts of the Stabroek Block remain under force majeure due to a border dispute. Mobil Oil Australia was fined A$16 million for misleading fuel claims.