XOM is trading at $148.91 (+3.00%) amid a sharp rally in crude oil prices triggered by escalating geopolitical tensions.
- Brent crude jumped 3.5% to $104.80/barrel after President Trump rejected Iran's peace proposal, ending hopes for de-escalating the Strait of Hormuz conflict.
- The move aligns with a broader surge in the energy sector, with XOM significantly outperforming a flat Dow Jones Industrial Average.
- No company-specific news was reported; the stock's gains are driven by the macro-environment and rising commodity prices.