ExxonMobil shares fell on Friday as concerns mounted over weakening oil demand. The decline reflects broader anxieties about the global economy’s impact on the energy sector.

Analysts pointed to a confluence of factors contributing to the stock’s performance, including:

• Lower-than-expected economic growth forecasts
• Increased oil inventories
• Reduced consumer spending on fuel

The company’s stock price reacted negatively to these indicators, signaling investor apprehension about future profitability. The energy giant’s performance is closely tied to global oil consumption, making it vulnerable to shifts in economic activity.

While ExxonMobil remains a major player in the energy market, the current climate presents challenges. The company is navigating a complex landscape of fluctuating prices and evolving demand patterns.