Saturday, September 23, 2023
Finance

Exxon Stock Is Up. Oil Is Down. Something’s Got to Give.

By Walter Gannett
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Walter Gannett

It could be time to sell Exxon Mobil (XOM), given a disconnect between the stock and the oil markets.

The shares of the No. 1 U.S. energy company are up 86% this year to $113, while oil prices, as measured by West Texas Intermediate, have round-tripped to $77 a barrel after declining from a June high of more than $120.

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