NEW YORK, Feb 7, 2026, 10:46 EST — Market shut
- Exxon Mobil climbed roughly 2% Friday, ending the session at $149.05.
- Oil finished up, with traders watching U.S.-Iran negotiations and ongoing supply risks out of the Middle East.
- Key U.S. economic figures land next week, with Exxon’s dividend record date set for Feb. 12.
Exxon Mobil Corp finished Friday’s session 2.03% higher at $149.05, notching a weekly record as energy stocks gained ground and Wall Street clawed back after a turbulent run.
This shift is notable. Exxon’s stock has become a kind of litmus test for two unresolved debates: what’s next for crude prices, and just how much risk the U.S. market is willing to shoulder as rates and growth outlooks swing.
U.S. markets are closed for the weekend, so when trading resumes Monday, the initial focus lands on oil and any fresh news out of the Middle East. After that, attention quickly shifts to a packed U.S. data calendar—numbers with the potential to jolt the dollar and ripple through commodities.
Exxon shares climbed to the upper edge of their 52-week band, Reuters data show, hitting a peak near $149.6.
Friday’s session saw the stock moving in a range from $146.00 up to $149.55, market data showed, with about 17.2 million shares traded through the day.
Support from the wider market was clear. For the first time, the Dow finished above 50,000 on Friday. The S&P 500 advanced 1.97%, and the Nasdaq tacked on 2.18%. Energy stood out, with Reuters noting the sector notched record closes.
Oil played its part too. Brent crude, the international price gauge, finished at $68.05 a barrel, rising 0.74%. U.S. West Texas Intermediate (WTI) closed at $63.55, a 0.41% gain, both bouncing after slipping earlier in the session. “We keep going back and forth on this Iran situation,” said John Kilduff, partner at Again Capital, with traders gauging whether negotiations have actually eased the risk of conflict. Reuters
Refining stocks caught a bid after the United Steelworkers signed off on a national contract covering pay and benefits, sidestepping a potential strike that loomed over some 30,000 refinery and petrochemical workers. “Their unity and solidarity made this agreement possible,” said Mike Smith, who chairs the USW National Oil Bargaining Program. Reuters
Exxon has set a first-quarter dividend at $1.03 per share, with payment scheduled for March 10. Investors must be on the books by Feb. 12 to qualify. An update to its Company Overview and Investment Case presentation is also in the pipeline for Feb. 20, the company said in its latest earnings release.
The setup isn’t one-sided. Should supply jitters ease, or if fresh economic numbers drive rates up, crude prices can just as easily slide — and Exxon, hovering close to the upper end of its recent band, typically reacts to that volatility in short order.
Key macro data hits at the start of next week. The January U.S. jobs report drops Feb. 11, with the CPI inflation figures for the same month coming on Feb. 13, per the Bureau of Labor Statistics.
Energy traders have their eyes on the upcoming U.S. Energy Information Administration weekly petroleum status report, set for release Feb. 11. Exxon shares come back online Monday, with a key shareholder record date on Feb. 12 and a company update on Feb. 20 fast approaching.
