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Why ExxonMobil Stock Jumped 27% in October

TheMotleyFool

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Why ExxonMobil Stock Jumped 27% in October: https://g.foolcdn.com/editorial/images/708252/an-oil-pumpjack.jpg

Shares of ExxonMobil (NYSE: XOM) delivered sizable gains for investors last month as the oil major benefited from rising oil prices and a strong third-quarter earnings report.

According to data from S&P Global Market Intelligence, the stock finished the month up 27%. As the chart shows, the stock gained early in the month as oil prices bounced from a months-long slide, and Exxon closed out the month with further gains after it raised its dividend and reported huge profits in its third-quarter earnings report.