ExxonMobil shares opened at $156.88 on August 31, 2026, as Brent crude rose more than 2% above $90 per barrel after U.S. forces struck Iranian military targets near the Strait of Hormuz. Washington confirmed the action against Iranian rocket installations, while Tehran responded with measures against American military facilities. The shipping chokepoint is central to global oil flows, making disruptions especially significant for energy markets. ExxonMobil also faces operational effects from production constraints at Upper Zakum, where it owns 28%, between March and May 2026 because of compromised export channels. Second-quarter 2026 earnings reached $3.52 per share, up from $1.64 a year earlier but below the $3.56 consensus, while revenue of $114.53 billion exceeded the $109.94 billion forecast. Analysts project $3.60 in upcoming quarterly EPS and $11.86 for the full fiscal year. TD Cowen raised its XOM price target to $168 with a Buy rating on August 7, while the consensus view remained Hold at $166.10. ExxonMobil declared a $1.03 quarterly dividend, or $4.12 annualized, with a 2.6% yield and payment scheduled for September 10 to shareholders of record on August 17.