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Barchart
Barchart
Aditya Raghunath

How To Play the Pullback in Exxon Mobil Stock

Exxon Mobil Exxon XOM Oil Pioneer Permian Pioneer Natural Resources

It's been a volatile ride for shares of energy giant Exxon Mobil (XOM) since they set a closing high of $120.20 in late September. Thanks to a combination of sharp downside in crude oil prices to start October, investor concerns over the company's acquisition of Pioneer Natural Resources (PXD) for $60 billion, and flaring geopolitical tensions in the Middle East, XOM gave up a quick 13% from peak to trough earlier this month. 

While the shares have recovered from their recent lows around $104, they're still down about 7% from their highs of less than a month ago. 

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