Exxon stock price dipped to $110.95 amid mixed macro sentiment, but strong buy-side volume suggests institutional accumulation into weakness. This behavior often precedes multi-week rallies. In terms of valuation, Exxon Mobil is currently trading at a Forward P/E ratio of 17.5. This indicates a premium in contrast to its industry's Forward P/E of 10.95. However, Chevron CVX and Exxon Mobil XOM are at the forefront of companies that can still capitalize, making it a worthy topic of which oil giant may be the better investment at the moment. 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.