ExxonMobil Ranks 26th in Trading Volume with $24.45 Billion as Oil Prices Drop

On June 11, 2025, ExxonMobil (XOM) saw a trading volume of $24.45 billion, ranking 26th in the day's stock market activity. The company's stock price increased by 1.95%, marking the fourth consecutive day of gains, with a total increase of 7.35% over the past four days.

ExxonMobil's upstream business, which generates a significant portion of its earnings, is closely tied to oil prices. The recent decline in West Texas Intermediate (WTI) crude prices, which have dropped more than 7% since the beginning of the year, is expected to impact the company's exploration and production activities. The U.S. Energy Information Administration's latest short-term energy outlook indicates that the WTI spot average price for 2025 will be $62.33 per barrel, down from $76.60 per barrel in the previous year. This trend is projected to continue into 2026, with prices expected to fall further to $55.58 per barrel. The increasing global oil inventories are contributing to this downward pressure on prices.

Despite the challenging environment, ExxonMobil's significant presence in the Permian Basin, where breakeven costs are relatively low, is likely to mitigate the impact of declining oil prices. While profits may be squeezed, the company is unlikely to incur losses from its upstream operations. This resilience is crucial as the company continues to navigate the volatile energy market.