ExxonMobil Stock Falls Monday: What's Happening?

ExxonMobil Corp. (NYSE: XOM) shares fell 2.70% to $159.13 on Monday due to a 2% decline in global crude oil prices, with West Texas Intermediate dropping to $98.34 per barrel and Brent crude to $101.75. The decrease is attributed to recovering Saudi Arabian export volumes that have stabilized amid geopolitical tensions in the Middle East. RBC Capital analysts maintained a $180 price target for ExxonMobil, citing the company's strong refining operations as a buffer against supply chain volatility.