Loading…
Loading…
The two largest U.S. integrated supermajors, Exxon Mobil (XOM) and Chevron (CVX), reported second-quarter profits that surged on rising oil prices due to renewed geopolitical tensions in the Middle East. With these two firms accounting for large allocations in many energy ETFs, their earnings serve as a primary catalyst for the entire energy ETF landscape.
Direxion Daily XOM Bull 2X Shares (NASDAQ: XOMX - Get Free Report) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 11,062 shares, a decline of 38.2% from the February 26th total of 17,897 shares. Currently, 6.5% of the shares of the stock are
Shares of Exxon Mobil Corporation (Ticker: XOM) are slightly positive so far in 2025, although it's been a volatile* ride. Oil prices plummeted in April following Liberation Day tariffs that stoked fears of a global recession, which dampened demand expectations.
Call it a slick move by the oil and gas company, but Exxon Mobil is achieving profitability despite a challenging macro environment, especially with falling oil prices. The oil and gas giant outperformed in its latest earnings results.
SEC filings for XOMX aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.