The Strait of Hormuz is nearly closed, reducing oil transit significantly, yet crude prices fell and Exxon Mobil's stock showed minimal change. This reflects market expectations of a potential resolution despite no agreement yet, with crude at $107 and Exxon up 34.5% year-to-date but down recently. Exxon’s complex business, including refining and LNG exposure, means it doesn’t fully benefit from crude price spikes. The key to future stock movement lies in whether the strait reopens or remains shut, affecting oil supply and prices going forward.
As of Sep 23, 2026 23:02 WIB, Exxon Mobil trades at USD 160.94, up 1.42% on the day and close to its 52-week high of USD 171.52 on Pluang. Despite recent crude price fluctuations, Exxon remains well above its 52-week low of USD 110.64, showing resilience in a complex market environment. The stock's dividend yield stands at 2.6%, with a strong buy sentiment from Pluang users at 92% as of the same time.
