XOM is trading at $147.91, down 3.1% as of mid-morning April 14, 2026, as reports of potential U.S.-Iran negotiations and diplomatic progress ease energy market tensions.
- The decline continues a downtrend from the March 30 all-time high of $176.41, as Brent crude softens despite the ongoing U.S. blockade of Iranian ports.
- Investors are weighing a stretched valuation of 24.52x P/E against historical averages of 14-16x, alongside production headwinds in Qatar and the UAE disclosed in an April 8 filing.