ExxonMobil hits record $162.44 high, gaining 34% as markets slide

ExxonMobil (XOM) shares surged 34% this year. This performance contrasts with the S&P 500's 4% decline.

The stock reached an all-time high of $162.44. Rising oil prices drove significant market confidence in the energy sector.

The company carries a trailing P/E ratio of 24. Its forward P/E ratio stands at 21, aligning with S&P 500 averages.

ExxonMobil offers a 2.6% dividend yield. This provides a stable income stream despite oil price volatility.