What happened Shares of ExxonMobil (NYSE: XOM) were down by around 5% as of 10:30 a.m. Meanwhile, the persistence of high U.S. inflation has many investors concerned that the Federal Reserve will raise interest rates even more quickly than expected. The president specifically called out the oil company as being partly to blame for today's high gasoline prices, and said that "Exxon made more money than God last year."