New York, Jan 20, 2026, 19:30 EST — After-hours
- Exxon ended the session up 0.4% at $130.46, holding steady in after-hours trading.
- The S&P 500 dropped 2.1% amid tariff news, with Exxon standing out as one of the few big-cap winners.
- Traders eye crude hovering near recent lows, a delayed U.S. inventory report, and Exxon’s results due Jan. 30.
Exxon Mobil shares edged up 0.44% to finish Tuesday at $130.46, holding steady in after-hours trading beyond the regular 9:30 a.m. to 4 p.m. U.S. session. (StockAnalysis)
The outperformance came amid Wall Street’s steepest single-day decline in three months, triggered by President Donald Trump’s threat of new tariffs on imports from several European nations linked to his Greenland ambitions. The S&P 500 tumbled 2.06%, the Nasdaq dropped 2.39%, and the Dow slid 1.76%. (Reuters)
Timing is crucial for Exxon. Its stock moves are driven more by crude oil fluctuations and policy uncertainty than by company-specific news, as investors shy away from large positions ahead of a busy slate of data and earnings reports.
Oil prices turned volatile Wednesday morning. U.S. WTI crude for March slipped 1.31% to $59.57 a barrel in early Asian trading, Reuters reported. Traders mulled the impact of a likely rise in U.S. crude stockpiles alongside a brief halt at two major Kazakhstan oilfields. “Broader market pressures … would instead persist,” said IG analyst Tony Sycamore. (Reuters)
Exxon’s earnings hinge on two segments that often move in opposite directions: upstream, covering oil and gas production, and downstream, which handles refining and fuel sales. When crude prices drop, refining margins may offer some relief — at least until demand takes a hit.
Analyst chatter added to the momentum. JPMorgan bumped Exxon’s price target to $133 from $124, maintaining its “Overweight” call. The price target reflects where brokers expect the stock to head within a certain timeframe. JPMorgan’s Arun Jayaram flagged risks on the oil supply side but noted a “more constructive outlook downstream.” (TipRanks)
Exxon plans to release its fourth-quarter results on Jan. 30 and will hold an earnings call that morning, according to the company’s website. CEO Darren Woods and CFO Kathy Mikells are set to present, with Neil Hansen stepping in as CFO starting Feb. 1. (ExxonMobil)
Exxon warned investors earlier this month in a regulatory filing that a drop in crude prices might slash fourth-quarter upstream earnings by $800 million to $1.2 billion. At the same time, higher refining margins could boost earnings by $300 million to $700 million. Analysts were expecting adjusted earnings of $1.66 per share, according to LSEG data cited by Reuters. (Reuters)
But the risk is clear: if tariff threats turn into actual policies and global growth forecasts slip, oil demand could drop fast — and crude hovering near $60 gives producers little wiggle room. Washington’s increasingly hands-on approach to oil firms adds another layer of uncertainty. Woods recently labeled Venezuela “un-investable,” Reuters reported, as the administration considered pushing U.S. companies to help rebuild the country’s oil industry. (Reuters)
U.S. inventory data is the next key event on the calendar. The Energy Information Administration announced its Weekly Petroleum Status Report will drop Thursday, Jan. 22, delayed by a day due to the federal government shutdown on Monday, Jan. 19. Updates are scheduled for 12:00 p.m. and 2:00 p.m. Eastern. (U.S. Energy Information Administration)
Exxon’s next major test comes Jan. 30, when it reports earnings and executives will field questions on how $60 oil, refining margins, and shareholder returns are shaping the beginning of 2026.
