Exxon stock price picked up to $111

Exxon stock price picked up to $111.80 late session, following geopolitical tensions that lifted energy risk premiums. Traders are factoring potential supply disruptions into valuation models. Exxon did not immediately respond to Benzinga’s request for comment. Exxon’s Permian Basin transformation marks one of its largest structural advances in decades. The company’s proprietary petroleum-coke proppant technology —a by-product once considered waste—has doubled recovery rates in early field trials to as high as 20% , up from an industry average of 6–8%. With 18 billion barrels in recoverable Permian resources, this innovation could unlock roughly 3.6 billion additional barrels , translating to $162 billion in potential revenue at $65 oil and $20 lifting costs. Exxon stock price traded flat at $110.85 during early market hours today, with Wall Street watching for U.S. weekly oil inventory data. A surprise draw could trigger a breakout above the 50-day moving average of $112.