Oil stocks slide before the open as Exxon flags up to a $1.2 billion hit — what to watch next
New York, Jan 8, 2026, 06:15 EST — Premarket Oil stocks fell in U.S. premarket trade on Thursday, led by Exxon Mobil down 2.1% and ConocoPhillips off 3.3%. Exxon slid after it said in a regulatory filing that lower crude prices could cut fourth-quarter upstream earnings by about $800 million to $1.2 billion. Chevron was down 0.8% and the Vanguard Energy ETF, a broad gauge of the sector, dipped about 1%. Reuters Crude was firmer after two sessions of losses, but traders stayed wary of a supply glut and new uncertainty around Venezuelan oil flows. Brent rose 6 cents to $60.02