Shares of Exxon Mobil Corp. (NYSE: XOM) climbed sharply in early trading Monday as escalating U.S.-Iran military conflict drove oil prices higher, boosting prospects for the world's largest publicly traded oil company amid fears of supply disruptions in the Middle East.
Exxon Mobil stock opened higher and traded around $160-$161 in pre-market and early sessions on March 2, 2026, reflecting gains of 4-5% or more from Friday's close of $152.50. The advance came after Brent crude surged as much as 10-13% toward $80 per barrel and West Texas Intermediate rose over 8% to near $73, triggered by attacks on ships near the Strait of Hormuz and broader regional strikes. Energy stocks broadly outperformed as investors sought hedges against geopolitical risks.
