The Pentagon Says It Could Take 6 Months to Clear Mines From the Strait of Hormuz. Here Are 2 Predictions for Oil Stocks Through the End of 2026. [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
It likely wouldn't be able to begin conducting those operations until the war ends. This time frame has major implications for oil stocks . Here are two things that will likely happen through the end of this year. Will AI create the world's first trillionaire? Our team just released a report on a little-known company, called an "Indispensable Monopoly," providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. Oil will remain higher for longer, boosting oil company profits Most forecasters initially expected the war with Iran to be short. They also anticipated that once the two sides stopped fighting, the Strait of Hormuz would reopen to ships since Iran would no longer attack them. While Iran initially declared the Strait open following Israel's ceasefire with Lebanon -- a sticking point for Iran in its ceasefire with the U.S. and Israel -- it quickly changed course due to the U.S. Navy's blockade of Iran Every day the Strait
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XOM
News
- Here's Why the Price of Oil is Likely to Remain High Even After the War Ends [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- ExxonMobil Awards Saipem $150M Contract for Longtail Development [Yahoo! Finance]Yahoo! Finance
- Is There ‘Price Gouging’ In The Gasoline Market? [Forbes]Forbes
- The Pentagon Says It Could Take 6 Months to Clear Mines From the Strait of Hormuz. Here Are 2 Predictions for Oil Stocks Through the End of 2026. [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Oil Stocks Push Higher Even as War Premium Fades [Yahoo! Finance]Yahoo! Finance
XOM
Earnings
- 1/30/26 - Beat
XOM
Sec Filings
- 4/9/26 - Form DEFA14A
- 4/8/26 - Form DEFA14A
- 4/8/26 - Form DEFA14A
- XOM's page on the SEC website