ExxonMobil (NYSE: XOM) kicked off 2025 on a strong note, beating the market and rallying 10.6% in the first quarter of the year. The oil stock, however, made a sharp U-turn in April to give up all of those Q1 gains, and then some — it fell 11.2% during the month, according to data provided by S&P Global Market Intelligence.
What triggered the reversal in ExxonMobil stock?
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