ExxonMobil Ranks 35th in Trading Volume with 16.09 Billion Shares as it Partners with SOCAR for Azerbaijan Energy Exploration

On June 6, 2025, ExxonMobil (XOM) saw a trading volume of 16.09 billion, ranking 35th in the day's stock market activity. The company's stock price increased by 2.40%.

ExxonMobil and Azerbaijan's state energy company SOCAR have entered into an agreement for the exploration and production of oil and gas onshore in Azerbaijan. This partnership aims to unlock new energy opportunities and support Azerbaijan's future energy needs. The deal is part of a broader effort to reverse the decline in oil and gas output in the region.

ExxonMobil has also signed a memorandum of understanding (MOU) with SOCAR, marking an exciting step towards enhancing energy cooperation. This agreement is expected to facilitate the development of unconventional oil and gas resources onshore in Azerbaijan, further strengthening the strategic partnership between the two entities.