Commodities
Exxon Mobil Stock Climbs as Oil Prices Reach $91, Quarterly Profit Doubles
Exxon Mobil's stock price has been on an upward trend in recent days, reaching $161.46 as of August 17, 2026, on the New York Stock Exchange.
The increase is attributed to higher oil prices and strong second-quarter earnings, with Brent crude testing $91 per barrel.
Despite missing Wall Street's forecast by $0.08 per share, Exxon Mobil reported a doubling of its quarterly profit to $14.5 billion in the second quarter of 2026.
The company's refining and energy products operations were a key driver of the performance shift, with an Energy Products segment that swung from a loss to a profit of $5.47 billion in the second quarter.