Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Why Shares of Exxon Mobil Are Trading Lower Today

Published 21/07/2022, 14:18
© Reuters.  Why Shares of Exxon Mobil Are Trading Lower Today

Exxon Mobil Corp. (NYSE: NYSE: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

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.