AI Shares Drop as Energy Stocks Outperform Amid Oil Surge
Early Friday, a provisional group of four AI suppliers lagged behind three leading U.S. oil majors by 6.3 percentage points. The Nasdaq began the session down 1.8%.
Exxon, Chevron set for $26B quarter; refiners hold up in Iran war trade
Marathon Petroleum and Valero Energy jumped about 3.8% each in late-morning trading on Monday. Exxon Mobil added 3.4%. Chevron was up 2.2%. Brent crude was up more than 4%, above $79 a barrel, after President Donald Trump said the U.S. is bringing back its naval blockade of Iran. The split in refiners and oil majors points to stronger fuel margins, not just the crude rally, as the key driver for earnings.
ExxonMobil posts $5B profit gain, shares slide $12B in value
ExxonMobil Holdings Corporation closed Friday at $138.88, down 2.0% from Tuesday’s close. This came even after the company indicated about $5 billion in second-quarter earnings growth from Q1. U.S. markets were closed for the weekend. The parent company switched to the ExxonMobil Holdings name on July 2, replacing Exxon Mobil Corporation as the NYSE-listed entity, but kept the XOM ticker.
US stock futures drop after oil move sparks 6-point gap between energy and travel
U.S. markets were on a regular track for Wednesday. Premarket hours ended at 9:30 a.m. ET. Nasdaq's 2026 holiday calendar shows the market will close July 3 for Independence Day, not July 8.
ExxonMobil Holdings (NYSE:XOM) Texas-parent shares begin trading ahead of next profit report
ExxonMobil Holdings Corporation started trading as the new public parent of the Exxon oil group, ending Thursday up 0.59% at $137.09 after a July 1 redomiciliation that moved the parent to Texas, while keeping the NYSE “XOM” ticker. The SEC filing showed each old ExxonMobil share converted into one share of ExxonMobil Holdings, with the new parent now taking ExxonMobil’s spot as the listed company on the New York Stock Exchange.
Chevron CVX outpaces Exxon on Q2 yield, but holiday week lags
U.S. stock markets closed Friday because the New York Stock Exchange put July 3 down as the observed Independence Day holiday for 2026. Chevron Corporation only had four trading sessions this week, with Thursday’s action standing out more.
Refiners top oil majors among energy stocks in June 2026 as ETF weight shifts
Energy stocks in the U.S. finished June mixed, a split that wasn’t obvious on the sector tape. The Energy Select Sector SPDR Fund dropped along with oil majors and services, while two big refiners gained. The June 29 session was a regular U.S. trading day; according to the NYSE’s 2026 calendar, Juneteenth is observed June 19, with the next stock-market closure for Independence Day on July 3.
Energy stocks this week: U.S. sector ETF holds flat as oil falls
Energy stocks in the U.S. head into a short week trading with a more defined separation than crude futures show. Brent crude has pulled back, shedding most of its war risk pricing. But the Energy Select Sector SPDR Fund isn’t tracking oil’s move down point for point.
Exxon Mobil (NYSE:XOM) closes out uneven week lower, holds up better than crude with diesel spreads steady
Exxon Mobil Corporation starts the U.S. holiday week with shares holding up despite crude’s sharp drop. Oil prices fell but XOM shares didn’t track the move like a pure-play oil stock.
Dow climbs but S&P 500 and Nasdaq dip after tech weakens
Stocks on Wall Street ended the session uneven as tech names slipped late. The Dow Jones Industrial Average tacked on 177.19 points, or 0.34%, to 51,844.03, according to delayed FactSet data shown on MarketWatch. The S&P 500 ended down 9.88 points, or 0.13%, at 7,355.58, while the Nasdaq Composite lost 120.38 points, or 0.47%, to finish at 25,466.66.
US Energy Shares Watch Strait of Hormuz After 6.6% Drop for the Week
U.S. energy shares may see heavy swings at Monday’s open after Iran threatened again to block the Strait of Hormuz, a move that questions the basic reason for last week’s steep slide in oil stocks. Reuters, citing vessel tracking, reported no tankers passing the strait since Tehran’s statement on Saturday. The U.S. military, though, said the route is still open.
Exxon Mobil Shares Slide With Oil, XOM Off 6% for Holiday Week
Exxon Mobil Corp. goes into Monday’s open on the defensive. Shares dropped over the holiday week, with investors cutting the stock as oil’s war premium eased and more crude flowed through the Strait of Hormuz.
Exxon Mobil Drops With Oil After U.S.-Iran Deal
Exxon Mobil shares slid Monday as oil prices sold off after the U.S. and Iran said they would end their war and reopen the Strait of Hormuz. Exxon last traded at $141.10, down about 4%. Shares hit a session low of $137.78. Brent crude dropped 5.02% to $82.95, while WTI lost 5.42% to $80.28 as of 10:54 a.m. EDT, according to Reuters.
Dow Sets Record, S&P 500 and Nasdaq Climb After US-Iran Deal; Oil Drops
Stocks jumped Monday, with investors turning to risk as a first-step U.S.-Iran deal took some pressure off Middle East oil worries. According to LSEG-delayed figures on Reuters, the Dow Jones Industrial Average added 648.99 points, or 1.27%, to 51,851.25. The S&P 500 was up 1.50% at 7,543.05, and the Nasdaq Composite ran ahead 2.35% to 26,496.47. Reuters said the Dow hit an intraday peak as gains spread out from tech shares.
Dow climbs to record, Oil falls before Fed meeting
Dow sets new intraday record, jumps 1.27% to 51,851.25 The Dow Jones Industrial Average hit an all-time intraday high Monday, up about 1.27% to 51,851.25, according to delayed LSEG figures reported by Reuters. Wall Street was higher as traders watched hopes for a U.S.-Iran deal that could reopen the Strait of Hormuz and potentially cool oil prices. The Dow is a price-weighted index of 30 major U.S. stocks, with higher-priced shares carrying more weight, S&P Dow Jones Indices says.
Oil stocks set for weekend as crude drops on Iran deal talk
Energy names closed out the week in a tricky spot, with oil sharply lower but the group hanging on. Brent, the global benchmark, dropped 3.37% to $87.33 a barrel by Friday’s settlement. U.S. benchmark WTI fell 3.23% to $84.88, as markets started to consider the odds of a U.S.-Iran deal. Crude’s slump usually weighs on oil producers’ cash flow and share prices, while a higher oil price can help earnings and stocks.
Iran War Oil Prices Drop Below $90 as Peace Deal Hopes Shake Energy Stocks
Oil prices fell sharply on Friday as hopes for a U.S.-Iran agreement pulled some of the war premium out of crude. Brent crude, the global benchmark used to price much of the world’s oil trade, was down 3.7% at $87.04 a barrel, while West Texas Intermediate, the U.S. benchmark, dropped 3.55% to $84.60, according to Reuters. Both contracts were at their lowest levels since April 17 after U.S. and Iranian officials said they were close to an agreement to halt the war in the Middle East. “The market thinks we’re closer to the deal,” Phil Flynn, senior analyst with Price Futures Group, told Reuters.
Exxon Mobil Stock Slipped Friday. Why XOM’s Next Move May Come From Oil, Not Earnings
Exxon Mobil heads into the new week with a stock that gave back ground on Friday but still finished higher for the week, leaving investors to weigh tight crude supplies against a broader market selloff and signs that high prices are starting to curb demand.
Oil Falls as Peace Talks Raise Hopes, Traders Brace for What’s Next
Oil dropped Friday, with Brent crude settling at $93.09 a barrel and West Texas Intermediate ending at $90.54. Traders bet the U.S.-Iran conflict probably wouldn’t escalate further. Brent gave up 2.04% and WTI slid 2.69%, according to Reuters.