Exxon Mobil Corp ( XOM ) shares fell 2.66% to $103.39 on Monday as investors digested mixed first-quarter earnings and fresh pressure on oil prices following an OPEC+ supply decision.

What To Know: Exxon reported $83.1 billion in revenue, below the $86.1 billion consensus, with adjusted earnings slipping to $7.71 billion from $8.22 billion. Despite the decline, adjusted EPS came in at $1.76, beating estimates of $1.70.

The energy giant maintained steady production at 4.55 million barrels of oil equivalent per day and posted $13 billion in operating cash flow.

Shareholder returns remained robust at $9.1 billion through dividends and buybacks, and Exxon reaffirmed its $20 billion annual repurchase plan through 2026.

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Market sentiment was further dampened by a nearly 2% decline in WTI crude futures after OPEC+ announced it would raise output by 411,000 barrels per day in June.

The move, led by Saudi Arabia, aims to rein in overproduction by members like Iraq and Kazakhstan while regaining market share.

The increased supply, totaling 960,000 bpd over three months, has reversed nearly half of the voluntary cuts made since 2022, placing renewed downward pressure on global oil prices.

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How To Buy XOM Stock

By now you're likely curious about how to participate in the market for Exxon Mobil ( XOM ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Exxon Mobil ( XOM ), which is trading at $103.45 as of publishing time, $100 would buy you 0.97 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, XOM has a 52-week high of $126.34 and a 52-week low of $97.80.