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COP News30 articles
ExxonMobil Eyes Venezuela Return as Shares Hold Steady
ExxonMobil is negotiating a possible return to Venezuela's Orinoco Belt, with shares barely moving. Investors await deal terms, not barrel counts.
Brent Surges Past $106, But Energy Stocks Show Mixed Reaction
Brent crude jumped nearly 6% to $106.94 on Thursday, but energy stocks showed mixed results as XLE dipped while upstream-focused XOP gained, reflecting market nuances.
Oil Spike Rattles Wall Street as Energy Shares Surge
U.S. stocks dropped Monday as surging oil prices on Middle East tensions pressured markets. The S&P 500 fell 0.3%, while energy shares gained.
Oil Prices Slide as Hormuz Reopening Hopes Diminish Risk Premium
WTI crude dropped 4.5% this week as traders bet on Hormuz reopening, reducing geopolitical risk premium. USO fell, XLE rose.
Asia Chip Stocks Pare Losses as KASE Global Wraps Up; PCE Inflation Pressures Fed Bets
Asian chip stocks narrowed losses as KASE Global entered its final hour, while a hotter-than-expected US PCE inflation report lifted Fed hike odds and pressured rate-sensitive growth stocks.
Exxon Gains 1.5% as Brent Hits $91, Widening Gap with Vance's Oil Target
Exxon shares climbed 1.5% as Brent crude reached $91.22, far above VP Vance's lower-oil target. Middle East disruptions boost prices but also cut output.
Hormuz Flow Collapse Fuels 2.7% Brent Surge; Risk Premium Could Hit 22%
Brent crude surged 2.65% to $90.87 as Hormuz vessel traffic collapsed 84% over the weekend. Analysts warn a geopolitical premium of up to 22% could persist if no deal is reached.
Exxon (XOM) Rises as Hormuz Tensions Boost Oil Prices
Exxon (XOM) gained 0.94% to $160.10 as Brent crude jumped 6% on Hormuz tensions. Analyst targets imply 4.5% upside, but risks remain.
Chevron Rises 1.7% as Storm Threat Fades, Oil Gains on Iran Worries
Chevron shares advanced 1.7% after the National Hurricane Center slashed the odds of a nearby storm developing. Oil prices climbed on Iran supply worries, not storm threats.
Chevron Surges 4.5% as Oil Rally Tightens Analyst Upside
Chevron (CVX) shares rose 4.48% to $194.91 as oil prices rallied on stalled Iran talks, but the average analyst target now offers just 6.4% upside.
SpaceX Lockup Expiry Pressures Shares; Tesla Volatility Persists
SpaceX shares fell 13.6% ahead of a $99B lockup expiry, while Tesla remains volatile on AI spending worries. European stocks hit record highs, and Legal & General offers a 7.1% yield.
Crude Breaches $100 as Red Sea Tanker Attack Rattles Markets; Energy Equities Lag
Brent crude jumped 6.7% to $100.37 after a Red Sea tanker attack, but U.S. energy stocks rose only modestly, suggesting investors view the event as a temporary disruption.
BP Shares Rise as Debt Reduction Outpaces Production Decline
BP shares rose as debt reduction outpaced output decline in Q2 preliminary results. Net debt fell 11.1% while production dropped 6.2%.
Chevron Gains 6% on Oil Rally, Iraq Deals Play Second Fiddle
Chevron shares advanced 6.2% last week, closely tracking a 16% jump in WTI crude oil. Non-binding agreements with Iraq were a secondary factor.
Energy Stocks Surge as AI Shares Slide Amid Oil Rally
A 6.3 percentage point gap opens between AI suppliers and oil majors as crude surges above $81, signaling a shift from growth to cash flow.
Chevron Stock Rises 4% This Week Despite 54% Drop in Annual Gas Deal Volume
Chevron shares rose 4.3% this week, but a new gas deal with Alinta Energy reveals a 54% drop in annual volume. The stock outperformed the market and peers.
Oil Spike Widens Energy-Travel Gap as Futures Slip
US stock futures dropped Wednesday after oil jumped 4%, creating a 6.1-point gap between energy and travel stocks in premarket trading.
Refiners Outperform Oil Majors in June as XLE Weights Shift
Valero Energy and Marathon Petroleum posted gains in June, outperforming major oil companies, as the Energy Select Sector SPDR Fund declined 4.8%.
Energy Sector Decouples from Oil as Diesel Margins and Norway Lockout Shape Divergent Trends
Brent crude plunged 10.86% last week, but the XLE ETF slipped only 0.4%, signaling a decoupling. Refiners gain from tight diesel margins, while oilfield services face headwinds from a Norway lockout and rising U.S. rig counts.
Energy Stocks on Edge as Strait of Hormuz Closure Roils Markets
The Energy Select Sector SPDR Fund fell 6.6% as Iran's Strait of Hormuz blockade halted tanker traffic. U.S. energy stocks like Exxon Mobil, Chevron, and ConocoPhillips face potential swings when markets reopen Monday.
Exxon Mobil Slides 6% as Oil's War Premium Fades
Exxon Mobil shares slid 6.3% for the week to $137.81 as Brent crude dropped 8% on improved Strait of Hormuz flows and easing war risk, despite a Bank of America upgrade to Buy and a new LNG deal in South Africa.
Energy Stocks Hold Steady as Oil Prices Retreat on Iran Deal Hopes
Brent crude dropped 3.37% to $87.33, and WTI fell 3.23% to $84.88 on Friday amid optimism over a potential U.S.-Iran agreement, but energy stocks like XLE ended the week nearly unchanged.
SCHD's Heavy Top Holdings Raise Red Flags for Safety Seekers
SCHD's top 10 holdings now make up 43.5% of assets, raising concentration risk. With a 3.24% yield and $95.17B in assets, the fund's safety profile is under scrutiny.
Chevron Holds Ground Amid Oil Market Tightening, Earnings Season Looms
Chevron shares closed at $187.31 Friday, down 0.55% but up 2.7% since late May. CEO Mike Wirth expects oil to face upward pressure into June and July, with the stock's next move tied to tightening markets and U.S. inventory data.
Exxon Mobil's Stock Outlook Tied to Oil Prices and Fed Policy
Exxon Mobil stock closed lower Friday but gained for the week. Investors weigh tight oil supplies against demand destruction and upcoming inflation data that could influence Fed policy.
Exxon Mobil Slips Ahead of Annual Meeting, Venezuela Talks
Exxon Mobil shares fell 1.9% for the week, closing at $154.92, as investors weighed volatile crude prices and potential Venezuela oil deals ahead of the annual meeting and vote on moving legal base to Texas.
Chevron Faces Holiday Test: Oil Shock, Pump Price Flak, and Director's Stock Sale
Chevron shares ended the week flat as Brent crude held above $100, while California officials urged drivers to avoid its stations over high pump prices and director John B. Hess disclosed a big stock sale.
Brent Crude Surges Past $105 on Hormuz Supply Concerns
Brent crude rose 3.2% to $105.88 on Friday as traders doubted a swift U.S.-Iran deal would restore oil flows through the Strait of Hormuz. The IEA warned of a potential supply red zone by August.
Exxon Mobil Shares Rise as Oil Surges; Shareholder Vote Looms
Exxon Mobil shares rose 1.9% on Monday, tracking higher oil prices amid Middle East tensions. The company faces a May 27 shareholder vote on moving its legal home from New Jersey to Texas.
Exxon Mobil in Focus After Oil Price Surge and Legal Victory
Exxon Mobil closed Friday at $157.92, up 3.4%, after crude oil prices jumped and a Texas jury cleared the company in a long-running investor lawsuit.