Exxon Mobil (XOM) stock rises premarket as winter storm hits Baytown, Tengiz restart watched
Exxon Mobil shares rose 1.3% to $136.76 in premarket trading Monday as the company shut units at its Baytown, Texas complex due to freezing weather. Uncertainty remains over the restart of Kazakhstan’s Tengiz oilfield, where Exxon holds a 25% stake. Oil prices steadied after last week’s gains driven by U.S. weather disruptions. Exxon reports fourth-quarter earnings on January 30.