ExxonMobil Shares Surge 3.9% Amid Oil Price Recovery

ExxonMobil shares surged 3.9% midday after oil prices rebounded above $91 a barrel, following yesterday's decline due to the Trump administration's claim of positive discussions with Iran and the threat of an imminent attack on Iran's power plants. The Strait of Hormuz remains closed, and escalatory threats continue, leading to higher oil prices today. The company's integrated major with substantial downstream operations will benefit from the prolonged absence of crude oil from the Persian Gulf.