U.S. Markets closed

ExxonMobil Slumps 7% in Q2: Where Will It Be by Quarter’s End?

Maitali Ramkumar
ExxonMobil Slumps 7% in Q2: Where Will It Be by Quarter’s End?

ExxonMobil (XOM) stock has fallen 7.1% in the current quarter driven by lower oil prices. WTI has fallen 13.7% in the quarter. However, a 2.4% rise in the equity market has partially supported XOM, and its 50-day moving average stands just 0.9% below its 200-day moving average.