Why ExxonMobil Fell Today, Even Amid War in the Middle East

Shares of ExxonMobil (NYSE: XOM) were up as much as 2% earlier on Monday, before plunging to a 3.1% decline and then recovering slightly to a 2.5% decline to end the trading day.There wasn't any company-specific news today. However, the roller-coaster performance from the largest U.S.-based oil and gas giant came as investors initially feared a potential severe response from Iran to last weekend's bombing of its nuclear facilities by the U.S.But as news came in through the day, it appears the actual response was not as severe as feared. Thus, oil prices plunged, giving back not only the gains from earlier in the day, but also a portion of last week's run-up in prices.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool