What's Going On With ExxonMobil Stock On Thursday?
ExxonMobil Holdings (NYSE: XOM ) shares are trading about 2% higher on Thursday as traders react to the Trump administration’s planned rollback of Biden-era methane regulations, which could reduce compliance costs for U.S. oil and gas producers. Methane is a potent greenhouse gas, and the oil and gas sector is a major source of methane emissions. Environmental groups, including the Sierra Club, criticized the planned rollback, while EPA Administrator Lee Zeldin said the changes address concerns from energy producers that the existing regulations are unworkable. Also, the Global crude benchmarks jumped over 4% today amid the ongoing Middle East conflict. Read Also: ExxonMobil Targets Nine FlexRobotics Systems to Improve Drilling Safety EPA Methane-Rule Rollback The Environmental Protection Agency (EPA) plans to propose changes to Biden-era methane regulations governing oil and gas operations, including rules for marginal wells, large-leak detection and associated-gas flaring. The agency estimates the proposed changes could save oil and gas producers $45 billion annually. ExxonMobil is among the publicly traded oil and gas operators that could potentially benefit from lower regulator
S. oil and gas producers. Methane is a potent greenhouse gas, and the oil and gas sector is a major source of methane emissions. Environmental groups, including the Sierra Club, criticized the planned rollback, while EPA Administrator Lee Zeldin said the changes address concerns from energy producers that the existing regulations are unworkable.
Also, the Global crude benchmarks jumped over 4% today amid the ongoing Middle East conflict. Read Also: ExxonMobil Targets Nine FlexRobotics Systems to Improve Drilling Safety EPA Methane-Rule Rollback The Environmental Protection Agency (EPA) plans to propose changes to Biden-era methane regulations governing oil and gas operations, including rules for marginal wells, large-leak detection and associated-gas flaring. The agency estimates the proposed changes could save oil and gas producers $45 billion annually. ExxonMobil is among the publicly traded oil and gas operators that could potentially benefit from lower regulatory compliance costs.
The EPA also plans to revisit rules governing associated gas, which is produced alongside crude oil and may be flared when producers cannot capture or transport it economically. The Biden administration’s 2024 methane rules included a phased requirement to eliminate routine flaring of associated gas from new oil wells. The EPA said the upcoming proposal would also create separate approaches for certain marginal wells and introduce changes to requirements covering covers, closed vent systems and control devices.
XOM earnings preview and analyst price-target outlook Looking further out, the next major catalyst for the stock arrives with the October 30, 2026 (estimated) earnings report. 92. S. 00% Weight Significance: Because XOM carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
89 at the time of publication on Thursday, according to Pro data. Photo via Shutterstock