The Latest Breaking News from Exxon

Santa Barbara County supervisors have rejected a bid by ExxonMobil to restart offshore oil wells shut down in 2015 after a pipeline leak caused the worst coastal spill in 25 years

Research shows that governments and individuals making small changes can have a huge impact in reducing emissions

Exxon Mobil Corp (NYSE: XOM) shares are up 25.4% year-to-date in 2022 as investors have piled into energy stocks, value stocks and dividend stocks. One analyst said Thursday that a closer look at Exxon's fundamentals reveals it may actually be an under-the-radar growth stock.

WTI crude oil prices have surged to 11-year highs above $108 per barrel in March in the wake of the Russian invasion of Ukraine. The geopolitical instability has rattled financial markets, but the energy sector is soaring.

Major corporations like ExxonMobil and Disney have also cut ties

Company will not leave immediately but says it will make no new investment in Sakhalin project

Exxon has longstanding investments and operations in Russia.

The S&P 500 has struggled so far in 2022, but a combination of energy shortages, booming reopening demand, inflation and geopolitical unrest has oil prices trading at multi-year highs.

Inflation can be a nuisance for investors, eating away at portfolio returns. The U.S. Labor Department reported a 7.5% increase in the consumer price index in the month of January, the fastest inflation growth since 1982.

Exxon Mobil Corporation (NYSE: XOM) gapped up almost 3% higher on Thursday morning but immediately ran into a group of sellers, which dropped the stock down 1.6% at press time.

Someone with a lot of money to spend has taken a bearish stance on Exxon Mobil (NYSE:XOM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.