Exxon Mobil Shares Slip as Crude Prices Retreat Following US Policy Shift

Key Facts

1Exxon Mobil shares slipped on Monday as crude prices retreated from five-month highs.

2The retreat in oil prices followed President Donald Trump’s waiver of Russia-related sanctions and tariffs.

Exxon Mobil shares slipped on Monday as crude prices retreated from five-month highs. Benzinga reported that the retreat in oil prices followed President Donald Trump’s waiver of Russia-related sanctions and tariffs, a move that shifted geopolitical risk premiums in the energy sector.

XOM was trading at $178.48 on October 19, 2026, after reaching a session high of $179.3 and a low of $177.2337. Within the peer group, CVX closed at $224.98 and BP closed at $50.21 on October 16, 2026.

The API Crude Oil Stock Change report is scheduled for release on October 20, 2026, followed by the EIA Weekly Petroleum Report on October 21, 2026, which will provide further data on supply levels impacting the energy market.