XOM is trading at $154.38 (-5.81%) in pre-market as crude oil prices plummeted 15% to $95.67 following a US-Iran ceasefire and the reopening of the Strait of Hormuz.
- The sharp drop in energy prices is driving the sell-off, offsetting previous mentions of LNG profitability as the oil major reacts to the sudden de-escalation of geopolitical tensions.
- ExxonMobil's decline stands in stark contrast to the broader market rally, with S&P 500 futures up 2.47% and Nasdaq futures rising 3.18% on the news.
- No company-specific news or earnings reports were found for the stock today, confirming the move is macro-driven.