Direxion Daily XOM Bull 2X ETF

XOMX

Market cap $8.53M

The two largest U.S. integrated supermajors, Exxon Mobil (XOM) and Chevron (CVX), reported second-quarter profits that surged on rising oil prices due to renewed geopolitical tensions in the Middle East. With these two firms accounting for large allocations in many energy ETFs, their earnings serve as a primary catalyst for the entire energy ETF landscape.

In the world of oil trading, volatility is a way of life. It's also an ideal opportunity for traders to make a profit.

Shares of Exxon Mobil Corporation (Ticker: XOM) are slightly positive so far in 2025, although it's been a volatile* ride. Oil prices plummeted in April following Liberation Day tariffs that stoked fears of a global recession, which dampened demand expectations.

Call it a slick move by the oil and gas company, but Exxon Mobil is achieving profitability despite a challenging macro environment, especially with falling oil prices. The oil and gas giant outperformed in its latest earnings results.