Energy Stocks Head Into MLK Break as Oil Firms Up — What Traders Watch Next
U.S. energy shares edged up on Friday, with the Energy Select Sector SPDR Fund finishing at $47.69, a modest gain of 0.17%.
Data center stocks head into MLK break as PJM power auction plan looms; Digital Realty, Vertiv rise
U.S. data center stocks wrapped the week with mixed results as Washington urged PJM Interconnection to conduct an emergency power procurement auction. The goal: add new generation and push more costs onto large data center users. Digital Realty finished Friday up 1.9%, Vertiv climbed 2.5%, and Equinix saw little movement.
Oil stocks head into long weekend with Iran risk in focus as Exxon, Chevron earnings near
U.S. oil inventories edged up slightly on Friday as crude prices finished the day stronger. Investors, cautious of new geopolitical developments, prepared for the long weekend ahead.
Chevron stock: Venezuela license shift and Leviathan gas bet put CVX back on watch
Chevron shares ticked up 0.1% to $166.26 by Friday’s close. U.S. Energy Secretary Chris Wright told Reuters that Washington is accelerating efforts to broaden Chevron’s Venezuela license—a waiver under U.S. sanctions—allowing the company to pay the Venezuelan government in cash rather than crude and act as “another marketer of crude.”
Centrus Energy (LEU) stock price jumps into long weekend as nuclear fuel trade stays in focus
Centrus Energy Corp shares climbed 8.2% on Friday, closing at $331.03. Trading volume hit roughly 1.6 million shares, with prices swinging between $298.10 and $333.30 during the session.
Constellation Energy stock tumbles nearly 10% as PJM power-price curbs enter the frame
Constellation Energy shares tumbled 9.8% to close at $307.71 on Friday, marking their steepest single-day decline in months. The selloff hit U.S. power producers tied to PJM following a late-week policy move targeting electricity price controls. Vistra dropped 7.4%, while NRG Energy slipped 4.1%.
BP share price ends higher; buyback and offshore wind shift set up next week for BP stock
BP shares ended Friday’s session up 0.5%, settling at 440.25 pence in London ahead of the weekend.
Sembcorp Industries share price jumps 2.3% — Alinta vote and FY2025 results line up
Sembcorp Industries Ltd shares closed Friday 2.34% higher at S$6.12, having swung between S$5.97 and S$6.12 during the session. Trading volume hit roughly 6.1 million shares.
Chevron stock price: Venezuela license shift and Leviathan expansion put CVX in focus after the close
Shares of Chevron Corporation ticked up 0.1% to $166.26 at Friday’s close after U.S. Energy Secretary Chris Wright announced that Washington is pushing “as fast as it can” to broaden Chevron’s license to operate in Venezuela. Under the new terms, Chevron would be allowed to pay the Venezuelan government in cash rather than crude, turning it into “another marketer of crude,” Wright said.
Oil stocks this week: Chevron, Exxon rise as U.S. moves to widen Venezuela license
Energy Secretary Chris Wright told Reuters on Friday that the U.S. is moving “as fast as it can” to expand Chevron’s Venezuela license, enabling the company to pay royalties and taxes in cash. This shift would let Chevron sell all its Venezuelan crude outright, instead of compensating the government with oil, Wright explained. He also revealed that Washington is marketing up to 50 million barrels of stranded Venezuelan crude, with the proceeds held in Qatari bank accounts under U.S. government control.
Constellation Energy (CEG) stock dives on White House push to cap PJM power-market prices
Shares of Constellation Energy Corporation plunged on Friday, slipping as much as 9.8% to $307.71 in after-hours trading after fluctuating between $350.62 and $300.45 earlier. The selloff came after the White House urged PJM Interconnection—the country’s largest electric grid serving 67 million customers across 13 states plus Washington, D.C.—to hold a one-time emergency procurement auction for new power plants and impose limits on earnings for existing plants in PJM’s capacity market, which pays generators to stay on standby. This follows a recent PJM capacity auction that saw prices surge over 800% compared to last year. Pennsylvania Governor Josh Shapiro criticized PJM for being “too damn slow” amid rising power bills.
GE Vernova stock jumps 6% as Trump-backed PJM power auction plan targets AI data-center demand
Shares of GE Vernova Inc jumped over 6% on Friday following reports that the Trump administration, along with several governors, is pushing for an emergency power auction in the PJM market. Investors took the move as a potential boost for turbine demand. By 12:58 p.m. ET, the stock had climbed 6.1% to $681.57, hitting an intraday peak of $692.49 earlier.
Talen Energy stock swings after $3.45 billion gas-plant deal — what TLN traders are watching
Talen Energy shares slid on Friday, down about 7.7% to $386.67 in midday trading, after a volatile session that saw the stock swing between $425.85 and $374.73.
Vistra (VST) stock slides as White House PJM price-cap plan hits power producers
Shares of Vistra Corp slipped 6.8% to $167.91 in morning action, with Constellation Energy tumbling 9.6% and Talen Energy down 9.0%. These three have been seen as stand-ins for growing U.S. power demand linked to data centers and the rush for long-term contracts. Vistra hit a low of $163.37 after earlier peaking at $185.30.
GE Vernova stock jumps as PJM emergency auction plan puts data-center power in focus
Shares of GE Vernova jumped 5.6% to $678.21 by 10:42 a.m. EST Friday, following news of a proposed emergency power auction on the PJM grid that boosted demand for turbine and grid suppliers.
Coterra Energy stock drifts in premarket as Devon merger talks keep traders on edge
Coterra Energy Inc shares slipped 0.1% to $25.71 in premarket Friday, amid reports the U.S. shale producer is considering a merger with Devon Energy.
Shell Plc stock price dips as buyback rolls on and North Sea gas sale unravels
Shares of Shell Plc edged lower on Friday morning, falling 0.8% to 2,725 pence as of 0814 GMT.
BP share price slips again after $5bn low-carbon hit warning; buyback nerves linger
BP shares slipped in early London trade Friday, following the company’s alert about a potential multi-billion dollar hit linked to its low-carbon investments. The stock dropped 0.6% to 435.1 pence, after sliding 1.3% the day before.
Sembcorp Industries share price rises as Alinta Energy vote nears and FY2025 results date set
Sembcorp Industries Ltd shares rose 2% to S$6.10 by midday in Singapore on Friday, as investors sized up the next steps on its proposed purchase of Australia’s Alinta Energy. The stock traded between S$5.97 and S$6.10, and about 3.7 million shares had changed hands, according to data.
Seatrium share price slides 3% — why a U.S. Empire Wind ruling matters for SGX:5E2
Seatrium Limited shares dropped 3.1% to S$2.22 in Singapore by mid-afternoon on Friday. The stock fluctuated between S$2.21 and S$2.27 during the session.