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Energy Sector 2 January 2026 - 3 January 2026

Denison Mines (DNN) stock jumps on Phoenix uranium project “construction-ready” update

Denison Mines (DNN) stock jumps on Phoenix uranium project “construction-ready” update

Denison Mines Corp jumped about 13.1% to $3.03 in Friday’s U.S. session after the company said it is ready to move its flagship Phoenix uranium project into construction once final approvals arrive. The stock traded between $2.67 and $3.07 and logged about 68.4 million shares in volume. Uranium peers also rose, with Cameco up about 7.7%, Uranium Energy up about 12.2% and NexGen Energy up about 11.4%.
Exxon Mobil stock forecast: XOM in focus after U.S. strikes Venezuela, Maduro capture claim

Exxon Mobil stock forecast: XOM in focus after U.S. strikes Venezuela, Maduro capture claim

U.S. President Donald Trump said the United States struck Venezuela overnight and captured President Nicolas Maduro, putting oil-linked stocks like Exxon Mobil in focus for when markets reopen. “Oil prices were likely to jump” on the near-term supply risk, said Saul Kavonic, an analyst at MST Marquee, while warning the move could turn bearish longer term if a political transition leads to sanctions being lifted and more investment returning. Reuters
Occidental Petroleum (OXY) stock climbs on $9.7B OxyChem sale to Berkshire as markets shut for weekend

Occidental Petroleum (OXY) stock climbs on $9.7B OxyChem sale to Berkshire as markets shut for weekend

Occidental Petroleum shares ended Friday up 3.06% at $42.38 after the company completed a $9.7 billion all-cash sale of its OxyChem chemicals business to Berkshire Hathaway. A regulatory filing showed Occidental published unaudited pro forma financial statements, which adjust past results as if the sale and certain debt redemptions had already happened. The stock’s 52-week range is $34.78 to $53.20, according to the company’s investor site. Oxy
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