Representative Josh Gottheimer disclosed two purchases of Exxon Mobil ($XOM) in early February 2026, marking his first reported purchase of the company's stock. The trades come as global oil markets experience significant disruption tied to the ongoing Strait of Hormuz crisis, where restricted shipping has impacted roughly 20% of global oil supply and driven crude prices above $100 per barrel.
- Gottheimer reported two purchases of Exxon Mobil stock on Feb. 2 and Feb. 4, each valued between $1,001 and $15,000.
- The transactions were disclosed on March 16, 2026.
- Exxon Mobil shares have risen approximately 7.6%–14.7% since the trades, outperforming the broader market during the same period.
- The Strait of Hormuz remains largely restricted amid ongoing conflict, significantly limiting global oil transit and contributing to elevated crude prices.
- Oil prices have surged over 30–50% since late February, with geopolitical risk premiums adding further upward pressure.
- Exxon Mobil’s lobbying activity increased in 2025 to its highest annual level since 2019, with focus areas including energy policy, offshore drilling, and regulatory frameworks (source).
- Gottheimer serves on the House Intelligence Committee.
Relevant Companies
- Exxon Mobil ($XOM) – Oil price increases and supply disruptions tied to the Strait of Hormuz directly affect revenue and margins.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
