Exxon Mobil (XOM) stock slips after Venezuela-fueled rally as investors weigh oil supply risks
New York, January 6, 2026, 11:10 ET — Regular session Exxon Mobil Corp shares were down 1.4% at $123.63 on Tuesday, retreating from a surge a day earlier as traders reassessed what Washington’s Venezuela push could mean for oil supply and Big Oil’s returns. The stock opened at $125.40 and touched a session high of $126.11 before sliding toward $123.58. The pullback comes as the oil market enters 2026 with a surplus expected by many forecasters, a setup that can cap crude prices and pressure cash flow at producers. A Reuters poll of 34 economists and analysts forecast Brent averaging