NEW YORK, December 28, 2025, 20:32 ET — Market closed
- Exxon Mobil closed Friday down 0.1% at $119.11.
- Brent and U.S. crude settled more than 2% lower on supply-glut worries and renewed focus on Russia-Ukraine peace talks. [1]
- Exxon’s investor calendar showed no upcoming events; earnings trackers list Jan. 30, 2026 as the next report date. [2]
Exxon Mobil (XOM.N) shares ended Friday down 0.1% at $119.11 as crude prices fell sharply, setting a cautious tone for energy names ahead of the final trading days of the year. [3]
The move matters because oil and gas prices feed directly into Exxon’s upstream profits and the cash it uses to fund dividends and share buybacks. Oil is heading for its steepest annual decline since 2020, keeping investors focused on how majors protect cash returns into 2026. [4]
Friday’s drop in crude came as traders weighed whether global supply will outstrip demand next year and watched fresh diplomatic activity around Russia’s war in Ukraine, which could ultimately reshape sanctions and oil flows. [5]
Brent, the global benchmark, settled down $1.60, or 2.57%, at $60.64 a barrel. U.S. West Texas Intermediate (WTI) crude settled down $1.61, or 2.76%, at $56.74. [6]
Brent and WTI were down 19% and 21% respectively for the year, Reuters reported, as rising output stoked concerns about an oil glut — when supply is expected to exceed demand. [7]
“For the oil price, the negatives remain of elevated global oil storage, and slight progress on Ukraine-Russia peace talks,” Dennis Kissler, senior vice president of trading at BOK Financial, said. [8]
Aegis Hedging analysts said in a note that geopolitical premiums have offered near-term price support but have not shifted the underlying oversupply narrative. [9]
Oil-linked equities were mixed on Friday. Chevron (CVX.N) slipped 0.3%, while the Vanguard Energy ETF fell 0.4%, and the United States Oil Fund dropped 2.5%.
The broader market was little changed in thin post-holiday trade, with the S&P 500 down 0.03% and the Nasdaq off 0.09%, Reuters reported. [10]
On the supply side, the International Energy Agency’s December oil market report shows next year’s global oil supply exceeding demand by 3.84 million barrels per day. [11]
Investors also tracked developments around the Russia-Ukraine peace process. Reuters reported President Volodymyr Zelenskiy was due to discuss territorial issues with U.S. President Donald Trump in Florida on Sunday, with a peace framework and security guarantees deal near completion. [12]
Reuters also reported the White House ordered military forces to focus on a “quarantine” of Venezuelan oil for at least the next two months, though the same report said the broader market focus remained on the growing global surplus. [13]
Before trading resumes on Monday, Dec. 29, traders will be watching whether crude stabilizes after Friday’s selloff and whether headlines around Russia-Ukraine talks move expectations for sanctions and supply. [14]
Exxon traded between $118.54 and $119.54 on Friday and finished just below $120.
Looking ahead, Exxon’s investor-relations calendar showed no upcoming events as of Sunday. Investing.com’s earnings calendar lists Jan. 30, 2026 as the next report date, and investors will be watching for company confirmation and any signals on capital spending and buybacks as results approach. [15]
References
1. www.reuters.com, 2. investor.exxonmobil.com, 3. www.reuters.com, 4. www.reuters.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.reuters.com, 11. www.reuters.com, 12. www.reuters.com, 13. www.reuters.com, 14. www.reuters.com, 15. investor.exxonmobil.com
