Exxon Stock Sinks 5%, Wiping Out $36 Billion as Oil Slide Jolts Energy Shares
Exxon Mobil dropped 5.2% to finish at $160.78, dragging U.S. energy shares lower as oil declined on hopes the U.S. might soon deescalate with Iran. The slide wiped out roughly $36 billion in Exxon's market value—its worst single-day loss since 2008, according to Dow Jones Market Data cited by the Wall Street Journal. Chevron slipped 4.6%, while ConocoPhillips ended down 2.7%.
