Exxon Mobil (XOM) is facing one of the more intriguing, high-stakes financial disclosures in its recent history. On a year-to-date basis, XOM stock has gained over 14%, a cynical beneficiary of geopolitical rumblings. With conflict brewing from Iranian-backed militias in the Middle East, the Trump administration — which is facing serious domestic pressure — has its hands full.
Adding to the firestorm, protests sparked by the fall of the Iranian currency in late December has spread across the country. Iran’s theocracy has responded with a violent crackdown, which has threatened regional stability. Amid the carnage, several oil stocks have seen their market value soar this month.
