Exxon Mobil Surges to 24th in Trading Volume Despite Stock Price Dip

On May 30, 2025, Exxon Mobil (XOM) saw a significant increase in trading volume, with a total of $29.23 billion in shares traded, marking a 106.47% rise from the previous day. This surge placed Exxon among the top 24 most actively traded stocks for the day. However, despite the high trading volume, the stock price of Exxon Mobil (XOM) fell by 0.38%.

Exxon Mobil has expressed confidence in its ongoing arbitration dispute with Chevron over the acquisition of Hess Guyana assets. The company believes that the arbitration panel will rule in its favor, asserting that the right of first refusal does not apply to the merger. This dispute centers around Exxon's claim that it has the first right of refusal if the Guyana assets are sold, while Chevron argues that there is no sale as the Hess entity will continue to exist and hold the interests.

Exxon's senior vice president, Neil Chapman, has been vocal about the company's optimism regarding the outcome of the arbitration. Speaking at a conference, Chapman stated that he is confident that the three-member arbitration panel will rule in Exxon's favor. The arbitration proceedings concluded this week, and a decision is expected within the next two to three months.

In addition to the arbitration dispute, Exxon Mobil has announced plans to sell its stake in French refining assets for €400 million. This move is part of the company's strategy to streamline its operations and focus on more profitable ventures. The sale of these assets is expected to generate significant cash flow for Exxon, which can be reinvested into other areas of the business.