Diamondback Energy Inc

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.

Commodities Jul 23

Occidental Petroleum Jumps on Upgrade and Oil Rally

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.

Commodities Jul 8

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.

Markets Jul 8

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.

Commodities May 22

Devon Energy Surges 4.76% After Coterra Merger Close, Eyes $50 Resistance

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.

Markets May 16

Devon Energy Rises on Oil Price Surge and $8B Buyback Approval

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.

Markets May 15

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.

Markets May 13

Coterra Energy Delisted After Devon Merger, Combined Entity Targets $1B in Synergies

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.

Markets May 11

Oil Surges Past $100, Stocks Tumble on Geopolitical and Economic Fears

Brent crude oil surged above $100 per barrel for the first time since 2022 as conflict disrupts the Strait of Hormuz. Wall Street futures fell sharply following disappointing U.S. employment figures.

Markets Mar 9