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Updated · MarketWatch · May 8Exxon Mobil stock slips 1.37% and underperforms rivals
12 articles · Updated · MarketWatch · May 8
- Shares closed at $144.57 on Friday as the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average edged up 0.02% to 49,609.16.
- It was Exxon Mobil's third straight daily loss, leaving the stock 18.05% below its 52-week high of $176.41 reached on 30 March.
- Chevron fell 0.48% and ConocoPhillips lost 0.88%, while Exxon trading volume of 19.2 million shares was 2.9 million below its 50-day average.
With Mideast tensions easing, is Exxon's stock now a bargain or a value trap for investors? Can Exxon’s green energy push protect its profits from the extreme volatility of Mideast oil conflicts? Is the Mideast conflict accelerating the end of the fossil fuel era faster than anyone predicted?