Exxon Stock Price Falls; CEO Warns That the 'Full Effect' of the War Is Approaching

XOM's price has fallen more than 3% within 24 hours, with the RSI at 33 and MACD in negative territory. The stock is trading below its 20‑ and 50‑day moving averages, signaling a short‑term decline. The CEO's statement that the full impact of the war is approaching could negatively affect market expectations. When these factors combine, the likelihood that the price will continue to fall over a 1‑ to 3‑day period is high. However, sudden news developments or technical corrections could lift the price in the short term.

Chevron (CVX) shares have fallen 2.97% over the past 24 hours to $185.13. While the RSI at 32.9 approaches oversold territory, the MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. A news headline featuring Exxon's CEO warning about the full impact of the war could increase selling pressure on energy sector stocks amid such geopolitical risk alerts. The price is trading below its 20-day and 50-day moving averages ($189.74 and $190.39, respectively), further weakening the technical outlook. In the short term, the downtrend is likely to continue, though some buying on dips may occur due to oversold conditions.