Exxon Mobil (XOM) Stock Slides as Oil Drops Below $60: Today’s News, Analyst Forecasts, and What Investors Are Watching
Exxon Mobil shares fell about 2% to $115 on Tuesday as oil prices slid, with Brent near $60 and WTI around $56 a barrel. Reuters reported Exxon is among potential bidders for Lukoil’s $22 billion overseas assets, as Lukoil seeks buyers following U.S. sanctions. The deadline for bids was extended to Jan. 17, 2026. Weak Chinese economic data and Russia-Ukraine peace talk optimism also weighed on crude.