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COP News30 articles
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.
Exxon Mobil Rises on Oil Rally and Legal Victory
Exxon Mobil shares gained 3.4% on Friday to $157.92, fueled by a jump in oil prices and a legal win in a Texas investor lawsuit. The stock rose 5.5% for the week.
Oil Surges Past $109 on Hormuz Tensions; Energy Stocks Rally
Brent crude surged past $109 a barrel amid renewed geopolitical risks near the Strait of Hormuz, driving U.S. energy stocks sharply higher in early trading.
Exxon Edges Higher as Oil Stays Above $100 Amid Inflation Jitters
Exxon Mobil rose 0.4% as oil stayed above $100, but Chevron and ConocoPhillips slipped on inflation and rate hike fears. The Energy Select Sector SPDR Fund edged down 0.1%.
Devon Energy's $58B Coterra Merger Faces Investor Scrutiny
Devon Energy closed its $58 billion all-stock merger with Coterra, launching an $8 billion buyback and higher dividend. Investors now watch for execution risks.
Oil Surge Past $110 Fuels Energy Stocks as Geopolitical Risk Intensifies
Brent crude surged past $110 a barrel as U.S.-Iran talks stalled, disrupting Strait of Hormuz flows. Exxon, Chevron, ConocoPhillips lead energy stocks; BP posts $3.2B Q1 profit.
Chevron Shares Slide as Strait of Hormuz Reopening Weighs on Oil
Chevron shares dropped 3.8% Friday, pressured by falling oil prices after Iran confirmed the Strait of Hormuz remained open. The decline overshadowed a favorable Supreme Court ruling in Louisiana litigation.
Oil Surge Over $100 Weighs on Futures as Earnings Season Begins
U.S. stock futures retreated Monday as oil prices surged past $100 a barrel following stalled U.S.-Iran talks. Goldman Sachs reported strong earnings but shares fell premarket, while energy stocks gained.
SCHD ETF Sees Strong Q1 Inflows After Dividend Hike and Portfolio Overhaul
The Schwab U.S. Dividend Equity ETF (SCHD) reported a 3.3% dividend increase and $4 billion in first-quarter inflows following a significant portfolio reshuffle that boosted healthcare and tech exposure while reducing energy holdings.
Exxon Plunges 5.2%, Erasing $36 Billion as Iran Peace Hopes Sink Oil
Exxon Mobil shares fell sharply, erasing $36 billion in value, as crude oil prices dropped on signs of a potential end to the U.S.-Iran conflict. The energy sector sold off broadly despite gains in the wider market.
SCHD ETF Boosts Healthcare in Rebalance as Dividend Fund Inflows Surge
The Schwab U.S. Dividend Equity ETF (SCHD) increased its healthcare allocation to 18.5% during its yearly portfolio update, adding Abbott Laboratories and UnitedHealth Group. The fund gathered nearly $4 billion in the first quarter as investors poured a total of $24.1 billion into U.S. dividend-focused funds, marking the strongest quarterly start since 2022.
SCHD ETF Gains Investor Attention Following Annual Rebalance and Dividend Payout
The Schwab U.S. Dividend Equity ETF (SCHD) is drawing renewed interest following its annual portfolio rebalance and a recent dividend distribution. The fund's strategic shift and income profile are being highlighted as key attractions for investors.
Dow Gains as Fed Decision Nears; Oil Prices Stoke Inflation Concerns
The Dow Jones Industrial Average advanced on Tuesday as investors positioned for the Federal Reserve's policy announcement, looking past elevated oil prices linked to Middle East tensions. Brent crude traded above $101 a barrel.
Wall Street Slides as Oil Surge, Credit Fears Rattle Investors
U.S. stocks tumbled sharply on Thursday, with the Dow Jones Industrial Average dropping over 550 points. The sell-off was driven by a spike in oil prices above $100 a barrel and fresh strains in private credit markets.
Chevron Gains as Middle East Tensions Fuel Oil Price Surge
Chevron shares climbed 1.7% to $189.28 as crude prices jumped sharply amid Middle East supply disruptions. Brent crude gained 4.93% while WTI surged 8.51% to $81.01.
OXY Shares Reverse Gains as Oil Spikes on Middle East Tensions
Occidental Petroleum shares gave up early gains and closed lower Tuesday, caught in volatile trading as oil prices surged to 2024 highs on Middle East supply concerns. Investors are focused on upcoming inventory data and a key debt-tender deadline.
Oil Spike, Rate Fears Drive Sharp Selloff; Target Gains on Earnings
Major U.S. equity indices fell sharply Tuesday, pressured by a surge in oil prices and rising Treasury yields that dampened expectations for near-term Federal Reserve rate cuts. Retailer Target posted gains following its quarterly report.
ConocoPhillips Leads Energy Rally as Middle East Tensions Spike Oil
ConocoPhillips shares climbed 4.2% to $118.24, leading U.S. oil majors higher after Brent crude surged 6.7% to $77.74 a barrel due to Middle East supply disruptions. The U.S. government is expected to announce measures Tuesday to address the price shock.
ConocoPhillips Leads Energy Rally as Middle East Tensions Fuel Oil Surge
ConocoPhillips shares climbed 4.2% to $118.24, leading U.S. energy stocks higher as Brent crude oil prices surged 6.7% to $77.74 per barrel amid escalating Middle East tensions and supply disruptions.
Exxon Mobil Gains After Hours as Middle East Tensions Lift Oil Prices
Exxon Mobil shares advanced in extended trading Monday, tracking a sharp rise in crude oil prices following military strikes in the Middle East. Bank of America increased its price target on the energy giant.