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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Exxon Mobil, Marathon Oil, BP And Shell Shares Today?

Exxon Mobil Corp (NYSE:XOM), Marathon Oil Corporation (NYSE:MRO), BP plc (NYSE:BP) and Shell PLC (NYSE:SHEL) are all trading lower Wednesday. Shares of energy companies at large are trading lower amid a dip in oil prices following reports President Biden may suspend the federal tax on gasoline.

Shares of smallcap oil stocks have seen marked volatility in recent months due to supply concerns. Energy names have been volatile amid the Russia-Ukraine conflict, which has lifted oil and gas prices due to supply concerns. 

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