Exxon’s shares soared as much as 10% after the company reported a $13.6 billion loss for the third quarter.
The stock was trading at a record high of $85.94 a share on Monday.
But the market closed lower, hitting a low of $83.85.
Exxon shares are up 7.7% in the past year, according to FactSet.
The company has lost $3.4 billion on its business since 2014.
It’s still a profitable business and is forecast to lose $2.8 billion in 2019.