Shares of Exxon Mobil Corporation XOM declined 0.8%, while Chevron Corporation CVX fell 3.2%. Click to get this free report Chevron Corporation (CVX) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report To read this article on Zacks.com click here. U.S. stocks closed lower on Friday as investors weighed fresh economic data and concerns grew over inflation ahead of the Fed’s two-day policy meeting scheduled to begin this week.