Exxon Mobil shares slide as oil declines on Iran deal
Exxon Mobil Corp shares fell 3.46% to $141.77 as oil prices dropped to around $80 a barrel following a potential Iran agreement to reopen the Strait of Hormuz. The stock is trading below key short-term moving averages, though it remains above its 200-day SMA. Technical indicators suggest near-term bearish pressure, while valuation metrics remain attractive.
*this image is generated using AI for illustrative purposes only.
Exxon Mobil Corp shares declined 3.46% to $141.77 on Monday morning as oil prices tumbled to around $80 a barrel, pressuring the Energy sector. The drop in crude oil prices follows an announcement by President Donald Trump regarding an Iran agreement that authorizes the reopening of the Strait of Hormuz and the removal of the U.S. naval blockade. The strait handles approximately a fifth of the world's oil supply, and the deal is scheduled for signing on Friday in Switzerland.
Crude oil has surrendered roughly a third of its value since the Strait of Hormuz conflict pushed prices toward $120 a barrel. The national average for regular gasoline stood at $4.07 a gallon on Saturday, down 15% from its springtime peak and a decrease of 46 cents over the past month. This lag between upstream and downstream pricing can keep retail fuel costs sticky even as oil realizations reset lower.
Technical Indicators and Price Levels
The selloff has pushed Exxon Mobil stock below key short- and mid-term trend gauges. The stock is trading 7.5% below the 20-day SMA, 7.6% below the 50-day SMA, and 7.4% below the 100-day SMA. However, it remains 4.7% above the 200-day SMA, suggesting a longer-term uptrend is facing intermediate challenges.
| Metric | Value |
|---|---|
| Key Resistance | $155.50 |
| Key Support | $114.50 |
| 20-day SMA Deviation | -7.5% |
| 50-day SMA Deviation | -7.6% |
| 100-day SMA Deviation | -7.4% |
| 200-day SMA Deviation | +4.7% |
Momentum indicators lean bearish, with the MACD below its signal line and a negative histogram. The 20-day SMA sitting below the 50-day SMA reinforces the near-term bearish tilt, though the "golden cross" from August 2025 (50-day above 200-day) indicates the broader trend may not be broken.
Business Overview and Market Analysis
Exxon Mobil operates as an integrated oil and gas company, exploring for, producing, and refining oil globally. In 2025, the company produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. It maintains a global refining capacity of 4.1 million barrels of oil per day and is a major chemicals manufacturer.
A Benzinga Edge scorecard analysis highlights a value score of 76.19, indicating relative attractiveness on valuation metrics. The momentum score stands at 64.64, reflecting near-term pressure, while the growth score is 69.25. The analysis suggests a balanced profile with a value tilt, though further declines in crude prices could test patience.
How will the formal signing of the Iran agreement on Friday impact long-term oil supply stability?
What is the projected timeline for retail gasoline prices to reflect the recent drop in crude oil costs?
Will Exxon Mobil's downstream refining margins offset the pressure from lower upstream crude realizations?
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