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Stock impact report

1 Big Reason to Avoid Energy Stocks in 2026 [Yahoo! Finance]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Yahoo! Finance
Many oil producers are bracing for it with layoffs. 10 stocks we like better than ExxonMobil › If your portfolio is energy-heavy right now, or if you're thinking about putting additional funds into energy stocks , you may want to reconsider. Because there's one very important reason to avoid holding or buying energy stocks going into the new year: a growing global oil glut. There are currently 1.4 billion barrels of oil on the water -- i.e., oil being shipped to a port or stored and waiting for a buyer. That's 24% more than the average for this time of year from 2016-2024. As you might imagine, that glut has pushed oil prices down in a big way. West Texas Intermediate, the type of oil extracted from oilfields in the U.S., is currently trading at about $57 a barrel, $15 below where it started the year. Brent, the benchmark for oil from Europe, Africa, and the Middle East, is now priced at about $60 a barrel, also $15 below where it was at the beginning of 2025. And as a re Show less Read more
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