ExxonMobil Stock Pulled Back 15%. Is It Time to Buy the Dip?
Key takeaways
- This surge has propelled oil stocks, including oil and gas giant Exxon Mobil (NYSE: XOM), which rose as much as 13% in March alone.
- Oil prices have subsided in recent weeks amid a fragile ceasefire, and oil stocks have followed.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
Courtney Carlsen, The Motley Fool Tue, May 12, 2026 at 7:35 PM GMT+7 4 min read CL=F XOM NVDA INTC Since March, the conflict in Iran has driven oil prices through the roof, with Brent crude skyrocketing to over $120 per barrel in late April. This surge has propelled oil stocks, including oil and gas giant Exxon Mobil (NYSE: XOM), which rose as much as 13% in March alone.
Oil prices have subsided in recent weeks amid a fragile ceasefire, and oil stocks have followed. However, even if the conflict ends soon, there are discussions that reopening the Strait of Hormuz, a critical oil shipping channel for the Middle East, might not be straightforward.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »