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Why ExxonMobil Stock Rocketed 17.5% in January

TheMotleyFool

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Why ExxonMobil Stock Rocketed 17.5% in January: https://g.foolcdn.com/editorial/images/854566/xom.jpg

Shares of ExxonMobil (NYSE: XOM) soared to start 2026, rallying 17.5% January. That was a big move for the leading oil stock. It significantly outperformed the S&P 500, which rose 1.4% in January.

Crude oil prices helped give ExxonMobil stock a jolt last month as they rallied for the first time in six months. However, that wasn't the only catalyst fueling the oil stock's rise in January.

Image source: Getty Images.

Source Fool.com

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