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Energy Sector News 8 February 2026 - 10 February 2026

Chevron stock slips as Tengiz field ramps back up, oil traders eye Iran risk

Chevron stock slips as Tengiz field ramps back up, oil traders eye Iran risk

Chevron shares slipped 0.3% to $182.08 in midday trading as the Tengiz oilfield in Kazakhstan, led by Chevron, recovered to 60% of peak output after January fires. Tengiz aims to reach 950,000 barrels per day by Feb. 23, up from 550,000 bpd on Feb. 8, according to industry sources. Oil prices held steady. Traders are awaiting U.S. inventory data and further updates on Tengiz.
10 February 2026
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Exxon Mobil stock slips from fresh high as oil steadies and U.S. data looms

Exxon Mobil stock slips from fresh high as oil steadies and U.S. data looms

Exxon Mobil shares slipped 0.5% to $150.49 Tuesday morning after hitting a 52-week high at $151.21 on Monday. Oil prices were little changed, with Brent at $69.31 and WTI at $64.48 as traders watched U.S.-Iran tensions and awaited U.S. inventory data. Chevron and ConocoPhillips also traded lower. Investors are focused on Exxon's Feb. 20 investor update and upcoming U.S. economic reports.
10 February 2026
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Valaris stock price dips in premarket after Transocean deal-fueled 34% jump

Valaris stock price dips in premarket after Transocean deal-fueled 34% jump

Valaris shares fell 2% to $82.18 in premarket trading Tuesday after surging 34% on news of an all-stock takeover by Transocean. The deal values Valaris at $82.12 per share, with an exchange ratio of 15.235 Transocean shares for each Valaris share. Both companies expect to close in the second half of 2026, pending approvals. Valaris plans to report fourth-quarter results on Feb. 19.
10 February 2026
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BP stock price slides as buybacks stop — debt cuts and new CEO take over the story

BP stock price slides as buybacks stop — debt cuts and new CEO take over the story

BP shares dropped 5.2% in London after the company paused its $750 million quarterly share buyback and shifted excess cash to debt reduction and oil and gas projects. Fourth-quarter underlying replacement cost profit was $1.54 billion, with net debt cut to $22 billion. The move comes ahead of a CEO handover in April and amid ongoing asset sales, including Castrol.
10 February 2026
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National Grid shares barely budge after UK grid upgrade update as Ofgem decision nears

National Grid shares barely budge after UK grid upgrade update as Ofgem decision nears

National Grid shares edged down 0.1% to 1,285 pence in early London trade after the company completed a major overhead line upgrade between Carlisle and the Scottish border. The firm said it replaced or installed over 90 km of line and will deliver a 184-tonne transformer in March. Investors are watching Ofgem’s upcoming RIIO-3 licence decision and UK rate moves amid political uncertainty.
10 February 2026
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BP share price slides 3% after buyback halt and $4 billion renewables write-down

BP share price slides 3% after buyback halt and $4 billion renewables write-down

BP shares fell 3.1% in London after the company paused share buybacks and reported $4 billion in write-downs in renewables and biogas. Fourth-quarter underlying replacement cost profit was $1.54 billion, with a dividend of 8.32 cents per share. BP said it would focus excess cash on oil and gas and balance-sheet repair. Meg O’Neill is set to become CEO on April 1.
10 February 2026
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Chevron stock price edges higher after-hours as oil climbs; Tengiz restart in focus

Chevron stock price edges higher after-hours as oil climbs; Tengiz restart in focus

Chevron shares rose 0.9% to $182.60 in after-hours trading Monday after oil prices settled more than 1% higher. Output at the Chevron-led Tengiz oilfield in Kazakhstan has recovered to about 60% of peak and aims for full production by Feb. 23, according to industry sources. Traders are watching for U.S. inventory data due Wednesday for the next move in crude prices.
10 February 2026
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Exxon (XOM) stock price hovers near $150 as Iran talks and OPEC supply set the tone

Exxon (XOM) stock price hovers near $150 as Iran talks and OPEC supply set the tone

Exxon Mobil shares rose 0.1% to $149.20 midday Monday after hitting $150.50, while Chevron gained 0.7%. Brent crude traded at $68.11 a barrel as Washington and Tehran kept indirect talks going. OPEC output slipped in January, and Chevron’s Tengiz field in Kazakhstan is recovering after fires. Exxon expects first LNG from its Golden Pass Texas terminal in early March.
9 February 2026
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Bloom Energy stock price jumps 7% as Mizuho lifts target; traders eye margins next

Bloom Energy stock price jumps 7% as Mizuho lifts target; traders eye margins next

Bloom Energy shares jumped 7% to $152.98 by 11:29 a.m. EST Monday after Mizuho raised its price target to $110, citing expected 2026 margin gains. About 5.3 million shares traded as investors weighed Bloom’s $20 billion backlog and 2026 earnings forecast against questions about shipment pace and cash flow. Fuel-cell peers were mixed. Bloom’s next earnings report is scheduled for May 6.
9 February 2026
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Valaris stock jumps after Transocean moves to buy offshore driller

Valaris stock jumps after Transocean moves to buy offshore driller

Valaris shares surged 23% after Transocean agreed to acquire the offshore driller in a $5.8 billion all-stock deal, valuing Valaris at $82.12 per share. The combined company would control 73 rigs and an enterprise value of about $17 billion. Valaris holders will get 15.235 Transocean shares for each Valaris share. The deal requires shareholder and regulatory approval.
9 February 2026
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Shell stock creeps toward its yearly high as buybacks roll on — and JPMorgan sticks with “Overweight”

Shell stock creeps toward its yearly high as buybacks roll on — and JPMorgan sticks with “Overweight”

Shell shares rose 0.6% to 2,790p in London after launching a $3.5 billion buyback set to run until May 1, with repurchased shares to be cancelled. JPMorgan maintained an “Overweight” rating and DZ Bank lifted its fair value estimate, both citing capital returns. Shell reported Q4 adjusted earnings of $3.26 billion and a dividend of $0.372 per share. The company plans to appoint PwC as auditor from 2027, pending shareholder approval.
9 February 2026
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SSE share price edges up in early London trade as investors size up Ofgem deadline, next updates

SSE share price edges up in early London trade as investors size up Ofgem deadline, next updates

SSE shares rose 0.32% to 2,518 pence in early London trading, close to a 52-week high. Investors are watching returns from regulated networks and progress on major grid projects. SSE’s next updates are scheduled for April and May. The company recently guided for 2025/26 adjusted EPS of 144–152 pence and increased network investment to £1.8 billion.
9 February 2026
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Woodside Energy share price rises as oil slips; what investors watch next

Woodside Energy share price rises as oil slips; what investors watch next

Woodside Energy shares rose 1.4% to A$25.84 on Monday, outperforming as oil prices fell about 1% in Asia after U.S.-Iran nuclear talks eased supply fears. Acting CEO Liz Westcott said 2026 output would dip due to planned Pluto LNG downtime, with Scarborough gas start-up on track for late 2026. Investors await Woodside’s annual report and briefing on Feb 24.
9 February 2026
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Shell stock: Kazakhstan legal fight and PwC audit switch put SHEL.L shares in focus

Shell stock: Kazakhstan legal fight and PwC audit switch put SHEL.L shares in focus

Shell shares closed up 0.2% at 2,774.50 pence in London after CEO Wael Sawan said the company will pause new investments in Kazakhstan amid ongoing legal disputes over billions in project costs. Shell reported $3.3 billion in Q4 profit, below forecasts, but raised its dividend and kept buybacks steady. The company will switch auditors to PwC from 2027 after regulatory scrutiny. Brent crude rose 0.74% to $68.05 a barrel.
8 February 2026
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Energy stocks hit a record close as oil rebounds — what to watch before Monday’s open

Energy stocks hit a record close as oil rebounds — what to watch before Monday’s open

U.S. energy stocks closed at a record high Friday, with Exxon up 2% and Chevron 0.8% higher as Brent crude settled at $68.05 a barrel. The S&P 500 Energy sector rose 1.89% on Feb. 6 and is up 19.32% this year. Oil prices climbed amid U.S.-Iran tensions and Saudi price cuts. Markets await OPEC and IEA oil reports next week.
8 February 2026
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