Eog Resources Inc

Magnolia Oil & Gas shares fell 2.9% after revealing a $1.1B equity offering that could boost its share count by 42% to finance the $4.06B WildFire Energy acquisition.

Occidental Petroleum shares rose 3.6% after an Evercore upgrade and a sharp jump in oil prices due to U.S.-Iran tensions. The stock's rally hinges on sustaining the crude premium and continued debt reduction.

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.

Devon Energy shares surged 4.76% to $49.49 Friday, outperforming peers after closing its Coterra merger and unveiling an $8 billion buyback. Oil prices climbed above $105, supporting the stock.

Devon Energy shares climbed 4.76% on Friday to $49.49, buoyed by rising oil prices and an $8 billion buyback plan. The stock remains below its 52-week high of $52.71.

Coterra Energy shares have stopped trading on the NYSE after Devon Energy completed its all-stock acquisition. Former Coterra holders received 0.70 Devon shares per Coterra share, and the merged firm now trades under DVN.