Exxon Mobil shares closed at $152.50 on February 27, 2026. The stock climbed 2.67% or $3.96 from the previous close of $148.54. After-hours trading indicated a further gain of 0.14% to reach $152.71. The seven-day trend shows a net gain despite volatility, rising from a low of $147.28.
Wells Fargo raised its price target for the company to $183 with an Overweight rating. This upward movement coincides with Iran’s closure of the Strait of Hormuz following U.S.-Israel strikes. The blockade halts approximately 20% of the global oil supply. Market analysts now forecast oil prices will exceed $100 per barrel.
On March 1, 2026, Dow futures signaled a weak opening with a 1.07% decline. Crude oil prices remain steady at $72 per barrel. The energy sector continues to demonstrate resilience against broader risk-off market sentiment.