ExxonMobil Surges Past $163.80 on Rising Oil Prices and Growing LNG Business

ExxonMobil's stock price broke through $163.80 and is now trading above this level, which marks the first breakout support for the company.

This comes as Brent oil prices approach $107.5 due to increased geopolitical tensions in the region, including infrastructure attacks on Saudi Arabia's energy assets.

The surge in crude prices benefits ExxonMobil's bottom line, particularly its LNG and high-crude-price-sensitive upstream profits.