Exxon Mobil Stock Drops 3% in Second Consecutive Day of Losses, Trading Volume Ranks 28th at $21.41 Billion

On June 24, 2025, Exxon Mobil Corporation (XOM) experienced a significant decline, with its stock price dropping by 3.00%. This marked the second consecutive day of losses, resulting in a total decrease of 5.51% over the past two days. The trading volume for the day was substantial, reaching $21.41 billion, which placed it at the 28th position in terms of trading volume for the day.

UBS analysts maintained their $130 price target and reiterated a Buy rating on Exxon Mobil Corporation. This decision was influenced by the company's growth in the Permian Basin and its strategic focus on the energy transition. The analysts highlighted Exxon Mobil's strong position in the oil market and its potential for future growth.

Exxon Mobil Corporation has been the subject of various analyst ratings and price target changes. TD Cowen reiterated its Buy rating on the stock, adjusting its price target from $120 to $128. Other notable changes include a downgrade from Redburn Atlantic, which moved from Buy to Neutral with a price target adjustment from $119 to $120, and a downgrade from Truist, which changed from Buy to Hold with a price target reduction from $146 to $124.

Exxon Mobil Corporation has been actively involved in securing new exploration rights. The company, along with Chevron, successfully secured new exploration rights in Brazil, which is expected to enhance its upstream operations. This move is part of Exxon Mobil's broader strategy to expand its presence in key oil-producing regions.

Exxon Mobil Corporation's long-term strategy, under the leadership of Darren Woods, aims to cut its break-even oil price to $30. This strategic initiative is designed to enhance the company's financial stability and resilience in the face of market volatility. The company's focus on cost management and operational efficiency is expected to support this goal.