
Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX) both reached all-time highs this week, with Exxon soaring up to $76.01 and Chevron hitting $137 on Thursday.
On Friday, both stocks were trading lower in what is technically consolidation although Exxon was holding stronger by trading mostly flat while Chevron gapped down about 4% after printing worse-than-expected fourth-quarter earnings.