Exxon stock pops to a fresh 52-week high as oil rebounds; traders eye valuation and geopolitics
Exxon Mobil shares jumped 3.85% to $143.73 Tuesday, hitting a 52-week high as U.S.-Iran tensions lifted oil prices and energy stocks. Trading volume topped 37 million shares, more than double the average. BNP Paribas downgraded Exxon to “underperform” on valuation concerns despite strong quarterly results. Exxon also announced a new proxy-vote outreach program for retail investors.