For Exxon Mobil [NYSE: XOM] , the difference between $65 Oil in March 2018 and $45 Oil in January 2015 is a little less than $15 per share decrease in stock price.
XOM closed at $87.42 on January 31, 2015, and closed at $72.83 on March 28, 2018.
What gives with Exxon Mobil?
As reported elsewhere, other oil & gas companies’ share prices have gone up, gone down, or stayed flat:
Concho Resources – UP
Pioneer Natural Resources – UP
Marathon Oil – DOWN
EOG Resources – UP
Diamondback Energy – UP, Way UP! It is a FANG stock you know…
BP – FLAT
Yet, in the summer of 2014, Exxon Mobil had followed increasing oil prices to $106 Oil by printing a little over $103 per share price.
Today, perhaps, the disconnect in oil pricing and XOM share price since the summer of 2014 speaks to the market’s disinterest in Exxon Mobil as a vibrant oil company and the market’s disinterest in oil as a vibrant source of energy.
One day, perhaps, the market will become disinterested in solar panels mounted on the rooftops of electric cars.