Today: 24 June 2026
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Energy Sector 21 March 2026 - 29 April 2026

Transocean Stock Back In Play As Equinox Rig Returns And $1.6 Billion Backlog Push Builds

Transocean Stock Back In Play As Equinox Rig Returns And $1.6 Billion Backlog Push Builds

Transocean’s Equinox rig resumed work for Beach Energy in Australia’s Otway Basin, with Phase 2 operations at Thylacine West underway. Transocean reported about $1.6 billion in new contract backlog since April, including deals in Brazil, Norway, and the Eastern Mediterranean. Beach said Otway Basin production fell 9% last quarter. Transocean shares traded at $6.52, little changed ahead of first-quarter results due May 4.
Best Energy Stocks to Buy Today: 5 Oil Stocks in Focus as Brent Tops $110

Best Energy Stocks to Buy Today: 5 Oil Stocks in Focus as Brent Tops $110

Brent crude climbed nearly 3% to over $110 a barrel as U.S.-Iran talks stalled, disrupting flows through the Strait of Hormuz. Exxon Mobil, Chevron, and ConocoPhillips led U.S. energy stocks as investors tracked the impact of higher oil prices, which are now 54% above pre-war levels. U.S. stock-index futures fell early Tuesday. ConocoPhillips will report earnings April 30; Exxon follows May 1.
ARC Resources Stock Jumps as Shell Seals $16.4 Billion Montney Gas Deal

ARC Resources Stock Jumps as Shell Seals $16.4 Billion Montney Gas Deal

Shell will acquire ARC Resources Ltd. for about US$16.4 billion including debt, in a stock-and-cash deal that boosts Shell’s output in Canada’s Montney shale basin. ARC shareholders get C$8.20 in cash and 0.40247 Shell shares per ARC share. ARC’s board unanimously backed the deal, which values ARC at a 27% premium. ARC shares rose over 22% in Toronto; Shell’s fell 2.1% in London.
Cameco Corporation Stock Faces a May 5 Test After Friday’s Uranium Pullback

Cameco Corporation Stock Faces a May 5 Test After Friday’s Uranium Pullback

Cameco’s U.S.-listed shares fell $1.70 to $122.15 Friday, while Toronto shares dropped C$2.45 to C$167.02. The uranium producer will report first-quarter results before markets open May 5, with an executive call set for 8:00 a.m. Eastern. Other uranium stocks, including NexGen Energy and Uranium Energy, also declined in U.S. trading. Cameco produced 21 million pounds of uranium in 2025 and delivered 33 million pounds.
Uranium Energy Corp Stock Slides 6% as New U.S. Uranium Mine Becomes the Real Test

Uranium Energy Corp Stock Slides 6% as New U.S. Uranium Mine Becomes the Real Test

Uranium Energy Corp. shares fell 6% to $14.05 Friday as uranium stocks retreated, despite the company starting production at its Burke Hollow mine in Texas earlier this month. Energy Fuels, Cameco, and NexGen Energy also declined. UEC reported $20.2 million in uranium sales last quarter and ended with $818 million in liquid assets and no debt. The company is expanding operations in Texas and Wyoming.
Australia Stock Market Today: ASX 200 Stalls as Rio Tinto Gain Runs Into Energy Selloff

Australia Stock Market Today: ASX 200 Stalls as Rio Tinto Gain Runs Into Energy Selloff

Australian shares closed nearly flat Tuesday, with the S&P/ASX 200 down 3.9 points to 8,949.40 as investors awaited U.S.-Iran talks. Rio Tinto rose after reporting a 9% jump in first-quarter copper-equivalent output, but energy stocks fell. Brent crude traded near $95 a barrel, and the Australian dollar slipped to $0.715. ANZ reported consumer confidence at 64.3, near record lows, with inflation expectations at 7.1%.
Chevron Stock Falls as Oil Prices Crash — Then Strait of Hormuz Risk Returns

Chevron Stock Falls as Oil Prices Crash — Then Strait of Hormuz Risk Returns

Chevron shares fell 2.2% to $183.99 Friday as oil prices plunged after Iran briefly reopened the Strait of Hormuz. Reuters reported Sunday that shipping stalled again following renewed tensions, with at least two ships reporting gunfire. Brent crude dropped 9% Friday to $90.38 a barrel. Chevron’s trading volume more than doubled to 15.7 million shares.
Occidental Petroleum Stock Slides With Oil as Wolfe Research Lifts OXY Target and Hollub Exit Talk Builds

Occidental Petroleum Stock Slides With Oil as Wolfe Research Lifts OXY Target and Hollub Exit Talk Builds

Occidental Petroleum shares were set to drop 7.8% in premarket trading Wednesday after oil prices fell on a U.S.-Iran ceasefire. Wolfe Research raised its price target on the stock to $70, but most analysts remain cautious. CEO Vicki Hollub is expected to retire later this year, with COO Rob Jackson seen as her likely successor. Oxy reports first-quarter results May 5.
Exxon Stock Sinks 5%, Wiping Out $36 Billion as Oil Slide Jolts Energy Shares

Exxon Stock Sinks 5%, Wiping Out $36 Billion as Oil Slide Jolts Energy Shares

Exxon Mobil shares fell 5.2% to $160.78 Wednesday, erasing $36 billion in value, after oil prices dropped on signs the U.S. could soon end its war with Iran. Brent crude settled at $101.16 a barrel, down 2.7%. The S&P 500 energy index dropped 3.9% even as the broader S&P 500 rose. By Thursday, oil rebounded nearly 7% after Trump said attacks on Iran would continue.
Entergy Stock Extends Rally as Meta Data Center Deal Draws Fresh $120 Targets

Entergy Stock Extends Rally as Meta Data Center Deal Draws Fresh $120 Targets

Entergy shares climbed to $113.74 Wednesday after hitting a 52-week high Tuesday, buoyed by analyst upgrades and a $10 billion Meta data-center deal in Louisiana. Meta will pay the full cost of service for the project, expected to save Entergy customers about $2 billion over 20 years. The agreement includes seven new gas plants and major grid upgrades. Regulatory approval is still pending, with a decision expected in late 2026.
CenterPoint Energy Stock Draws Fresh Focus on Dividend Yield, Nordea Stake and Houston Power Demand

CenterPoint Energy Stock Draws Fresh Focus on Dividend Yield, Nordea Stake and Houston Power Demand

CenterPoint Energy closed at $42.33 Thursday after Nordea Investment Management raised its stake by 14.3% to 522,801 shares, according to SEC filings. The company maintained 2026 adjusted earnings guidance of $1.89–$1.91 per share and a $0.23 quarterly dividend. CenterPoint expects Houston peak load to rise 50% by 2029, two years earlier than forecast.
Meta Layoffs Test $3 Trillion Hopes as AI Spending Surges

Meta Layoffs Test $3 Trillion Hopes as AI Spending Surges

Denison Mines shares fell 5.5% to $3.38 Thursday as nearly 19 million shares traded, outpacing declines in other uranium stocks. Investors reacted to the company’s C$600 million capital estimate for its Phoenix uranium project, which is set to begin site work this month after final federal approval. Denison raised US$345 million in convertible notes last year but flagged refinancing and debt risks in recent filings.
BP Stock Price Falls 4% as Oil Drops Below $100, Blunting Refinery-Sale Bounce

BP Stock Price Falls 4% as Oil Drops Below $100, Blunting Refinery-Sale Bounce

BP shares fell 4.2% to 538.6 pence in London on Monday after Brent crude dropped 10.9% to $99.94 a barrel, following President Trump’s decision to delay strikes on Iranian power plants. Shell also lost 4.2%. BP faces a labor dispute at its Whiting refinery in Indiana, where nearly 800 workers were locked out, but the company says production remains unaffected.
Why Vistra Stock Price Fell 12.6% as AI-Power Shares Tumbled

Why Vistra Stock Price Fell 12.6% as AI-Power Shares Tumbled

Vistra Corp shares fell 12.6% Friday to $146.02, with trading volume surging to 11.1 million shares. Constellation Energy, Talen Energy, and NRG Energy also dropped sharply, reflecting a broader pullback in AI-linked power stocks. The S&P 500 fell 1.51% and utilities slid 4.11% amid inflation and rate worries. The selloff followed Vistra’s recent investment-grade rating upgrade from Fitch.
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Stock Market Updates

Nasdaq Futures Drop Ahead of Open as Debt Concerns Hit AI Stocks

Nasdaq edges lower in after-hours as AI chip fall spurs margin chatter

24 June 2026
Philadelphia SE Semiconductor index plunges 7.9%—over five times the S&P 500’s drop—as investors dump chip and AI stocks on fears of unsustainable capital spending; Cerebras Systems sinks 10% after hours on margin warning, while FedEx falls 6% post-close as core margins slip despite higher profit and revenue.
KB Home (NYSE:KBH) rises after hours as traders look to H2 delivery gains

KB Home (NYSE:KBH) rises after hours as traders look to H2 delivery gains

24 June 2026
KB Home jumped 4% after hours as investors bet on a back-loaded 2026 delivery plan, despite missing profit estimates; the builder must deliver 26% more homes in the second half to hit its target, with margins expected to edge up, while shares still trade below book value and buybacks continue.
Delta eyes higher margins as jet fuel drops; fares may follow

Delta eyes higher margins as jet fuel drops; fares may follow

24 June 2026
Delta CEO warns lower jet fuel prices alone won’t cut fares unless airlines can add more flights, as U.S. carriers paid $6.47 billion for fuel in April—up 78% from last year—while capacity growth is just 0.4% for Q3; Delta shares last traded at $86.72, up 81 cents.
IREN stock falls as Wall Street stays split on AI cloud payoff

IREN stock falls as Wall Street stays split on AI cloud payoff

24 June 2026
IREN plunged 3.78% to $54.72 as tech stocks tumbled on AI spending worries, but analysts remain split with targets from $36 to $100; Microsoft’s $9.7B contract and a new $3.65B GPU financing facility drive bullish bets, while risks from uncontracted revenue targets and delivery timelines leave the stock highly volatile.
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