Energy stocks jump to start 2026 as Exxon, Chevron rise; OPEC+ and Venezuela in focus
U.S. energy shares rose Friday, with oilfield services and exploration stocks outperforming as crude prices slipped. Exxon Mobil gained 1.9% and Chevron rose 2.3%, while SLB jumped 4.8%. West Texas Intermediate settled at $57.32 a barrel, down 0.17%. Investors are watching an OPEC+ meeting Sunday and developments in Venezuela after President Trump signaled support for U.S. investment.