Exxon Mobil Corporation (NYSE:XOM) is one of the Goldman Sachs Energy Stocks: 10 Stocks to Buy.

On March 4, 2026, Reuters reported that Exxon Mobil Corporation (NYSE:XOM) had prepared deliveries of roughly 300,000 barrels of gasoline from the United States Gulf Coast to meet Australian import requirements, marking the company’s first fuel delivery through that route. According to sources, the total cargo could reach approximately 600,000 barrels, comprising primarily gasoline and other fuel products. The firm reserved the medium-range vessels Largo Eagle and Nord Ventura, with loading scheduled from Houston between March 13-16 and March 15-18. Vitol chartered the vessels and rented them to Exxon Mobil Corporation (NYSE:XOM) for delivery. Freight expenditures for one vessel capable of carrying approximately 300,000 barrels total over $6 million, or about $20 per barrel.

Pixabay/Public Domain

The shipments show disruptions in global oil trade following the near-complete stoppage of transportation in the Strait of Hormuz due to Iranian vessel strikes. Asian refiners are now dealing with crude shortages, reducing runs and fuel output while looking for alternate supply sources.

Exxon Mobil Corporation (NYSE:XOM) is involved in the exploration, production, and distribution of oil, gas, and petroleum products. It operates in four segments: upstream, energy products, chemical products, and specialty products.

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