XOM is trading at $163.64 (-3.55%) amid a sharp decline in oil prices following President Trump's announcement of a potential U.S. military withdrawal from Iran. Concurrently, the company announced a key operational update.
- Brent crude fell, pressuring energy stocks as markets priced in de-escalation in the Middle East.
- President Trump told reporters on Tuesday that U.S. forces could withdraw from Iran within two to three weeks, fueling hopes for an end to the conflict.
- Company News: On March 31, ExxonMobil and QatarEnergy announced the start of LNG production at their Golden Pass facility in Texas, a major project expected to add significant export capacity.