Exxon stock hits 52-week high as oil jumps on Iran fears and Venezuela pressure builds (XOM)
Exxon Mobil shares hit a 52-week high of $126.99 Tuesday, rising 1.9% as oil prices jumped about 3% on concerns over Iranian exports. Brent crude settled at a seven-week high, with Barclays estimating a $3–$4 per barrel premium from Iran unrest. Investors are watching U.S. policy on Venezuela and Exxon’s Jan. 30 earnings. Chevron, Shell, BP, and ConocoPhillips also gained with crude.