Exxon Stock Is Up. Oil Is Down. Something’s Got to Give. | Barron’s
It could be time to sell
Mobil (XOM), given a disconnect between the stock and the oil markets.
The shares of the No. 1 U.S. energy company are up 86% this year to $113, while oil prices, as measured by West Texas Intermediate, have round-tripped to $77 a barrel after declining from a June high of more than $120.