Exxon drifts lower again as oil weakness keeps pressure on the stock
Exxon drifts lower again as oil weakness keeps pressure on the stock
As of Jul 6, 2026, 4:00 PM ET
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Summary
Exxon slips toward support as cheap oil clashes with bullish analyst calls
Exxon’s stock dipped about half a percent today on lighter-than-usual trading, extending a roughly 10–12% slide over the past month or two as oil prices stay weak and the energy sector lags. The shares are now sitting just above a price area around $135 that some chart-watchers see as a “support” zone, meaning a level where buyers have recently stepped in. At the same time, several analysts have upgraded the stock, pointing to Exxon's strong cash generation, long dividend history, and new gas projects like the Cyprus offshore fields with QatarEnergy. For you, the key question is less about today’s small move and more about whether cheap oil is a temporary dip or a new normal, and whether the stock can stop leaking lower around these levels.
Exxon drifts lower again as oil weakness keeps pressure on the stock | ApexTrader
