Exxon Mobil's $19.72 Billion Trading Day Ranks 23rd Amid Oil Collapse and Economic Uncertainty

On May 1, 2025, Exxon Mobil Corp. (XOM) saw a trading volume of $19.72 billion, ranking 23rd in the day's stock market activity. The stock price increased by 0.14%.

Exxon Mobil's stock performance in April was significantly impacted by the collapse of crude oil prices. The energy giant faced growing pressure from falling crude oil prices and mounting global economic uncertainty. West Texas Intermediate crude plunged over 2% to below $57 per barrel on Thursday, hitting four-year lows as traders brace for a possible OPEC+ production hike and signs of economic slowdown across major markets.

With oil prices now down 21% year-to-date and 55% from their 2022 peak, Exxon's core upstream operations—heavily reliant on crude pricing—are under strain. Analysts warn that the group's May 5 meeting could bring a supply boost, particularly as Saudi Arabia signals a willingness to tolerate lower prices. Goldman Sachs forecasts a modest production increase, but risks of a more aggressive move remain.

Further weighing on Exxon are recession concerns, with U.S. GDP contracting for the first time in three years and a 45% chance of recession over the next 12 months. As demand falters and supply risks grow, Exxon's near-term outlook remains clouded. The company is set to report its Q1 earnings, which will provide more insights into its financial performance amidst these challenges.