Exxon Mobil (NYSE: XOM) saw its shares increase to record highs, as oil prices continue to climb.
The company stacked up on oil after prices fell during the pandemic, and is now reaping the benefits of the current energy crisis.
Oil giants Shell, BP, and Chevron saw their stock increase significantly YTD.
Why this Matters
Exxon shares are up more than 70% YTD, reaching a market value of $438 billion, and making it the 10th largest company in the world in terms of market cap.
The company is set to report earnings later this week.
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