Exxon Mobil (XOM) Stock on December 2, 2025: West Qurna Deal Talks, Hydrogen Pivot and 2026 Price Targets
Exxon Mobil shares traded near $115 midday December 2, down about 1% and several percent below the 52-week high of $120.81. Reuters reported Exxon has approached Iraq about acquiring Lukoil’s majority stake in the West Qurna 2 oilfield. The company has paused a major Texas hydrogen project and continues to rely on production from Guyana and the Permian Basin.