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Why Energy Stocks Like ExxonMobil, Phillips 66, and Enterprise Products Partners Fell Today

·4 min read
Why Energy Stocks Like ExxonMobil, Phillips 66, and Enterprise Products Partners Fell Today
In this article:
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As of roughly 2 p.m. EDT Monday, shares of diversified energy giant ExxonMobil (NYSE: XOM) had fallen by as much as 5%. Exploration and production giant ConocoPhillips (NYSE: COP) was down by about the same percentage, while relatively tiny Matador Resources (NYSE: MTDR) was off by roughly 10%. Downstream-focused Phillips 66 (NYSE: PSX), which refines oil, also dropped as much as 5%.