Exxon Mobil Jumps as Oil Shock Rewrites Near-Term Cash Flow Math

Exxon Mobil (NYSE:XOM) shares surged in premarket trading Monday morning as escalating U.S.-Iran military conflict sent crude oil prices sharply higher, igniting a broad rally across the energy sector. The geopolitical shock, triggered by attacks on vessels near the Strait of Hormuz and wider regional strikes, injected a significant risk premium into oil markets, pushing Brent crude up as much as 13% and WTI over 12% intraday. The catalyst behind Monday's move is a dramatic escalation in U.S.-Iran hostiliti ...