Oil prices jumped about 3% to near $109 per barrel, driven by renewed supply disruption fears following inconclusive US-China discussions. This boost enhances revenue prospects for Exxon Mobil, as higher benchmark prices directly expand upstream profit margins and cash flow generation.

High-level Washington-Beijing meetings concluded without a joint framework to end the broader Middle Eastern conflict, triggering volatility in commodity markets. The diplomatic impasse leaves investors cautious on timing of stable oil supply resumption, affecting Exxon Mobil’s risk profile.

A 45-day extension of the Israel-Lebanon ceasefire provided localized relief but did little to alleviate overall regional tensions. Market participants continue to monitor security of Persian Gulf subsea cables and export routes, critical for sustaining crude inflows to refiners like Exxon Mobil.