Exxon Mobil shares dropped 1.31% on Monday as President Trump announced a 30% tariff on European and Mexican imports starting August 1st, according to Benzinga. The announcement comes ahead of Tuesday's CPI report, which is weighing on broader markets, with energy stocks lagging particularly. Crude oil prices dropped 1.5% to under $67.60 per barrel after Trump held back from imposing tougher sanctions on Russian oil, undercutting expectations. While natural gas rose, oil’s decline drove Monday’s stock dip. Analysts warn the tariffs could hurt global growth and energy demand, outweighing any localized gains U.S. producers might see. ExxonMobil’s Benzinga Edge scores show strong Growth and Value, but weak Momentum.
