Exxon Mobil Corp (NYSE:XOM) shares are trading higher by 3.4% to $107.52 over the past week, and are marginally lower during Wednesday’s session. The company finds itself in the middle of two recent, major shifts in the global energy landscape.
What To Know: Amid U.S.-China trade tensions, Chinese refiners have reportedly slashed imports of U.S. oil by 90% since 2023, turning instead to Canadian crude.
This follows the completion of Canada's Trans Mountain Pipeline Expansion, which has opened a new route to Asia. The strategic pivot reduces reliance on U.S. suppliers like Exxon, signaling a long-term change in North American oil dynamics.
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Meanwhile, Exxon's clean-energy partnerships face jeopardy as the U.S. Department of Energy considers cutting nearly $10 billion in federal funding. The reductions, part of President Donald Trump's government efficiency campaign, could derail projects in carbon capture and hydrogen—core to Exxon's transition strategy.
With Trump also reviving coal initiatives, the administration's moves are drawing backlash from clean-energy advocates and investors watching Exxon's climate positioning.
Exxon’s first-quarter earnings announcement is meanwhile scheduled for Friday, May 2nd, prior to market open. According to analyst consensus estimates, the company is expected to report EPS of $1.70 on revenue of $86.09 billion.
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How To Buy XOM Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Exxon Mobil’s case, it is in the Energy sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, XOM has a 52-week high of $126.34 and a 52-week low of $97.80.