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Oil Industry News 3 February 2026 - 7 February 2026

Exxon Mobil stock price jumps as XOM shrugs off softer oil — what traders watch next

Exxon Mobil stock price jumps as XOM shrugs off softer oil — what traders watch next

Exxon Mobil shares rose 2.1% to $149.12 by midday Friday, nearing the week’s high after a 1% drop Thursday. The stock moved between $146.00 and $149.55 during the session as oil prices slid amid U.S.-Iran talks and sector analysts split on Exxon’s outlook. Brent crude fell to $67 a barrel, while U.S. WTI eased to $62.69. Exxon maintained its $20 billion buyback plan despite volatility.
6 February 2026
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BP share price slips as oil drops 2% and buyback scrutiny grows before earnings

BP share price slips as oil drops 2% and buyback scrutiny grows before earnings

BP shares fell 0.6% to 474.90 pence in early London trading Thursday, retreating from a one-year high as oil prices dropped and investors awaited earnings. Brent crude slipped 2% to $68.02 a barrel after news of U.S.–Iran talks. BP repurchased 2.7 million shares on Feb. 4 under its ongoing buyback plan. Investors are watching for signals on buybacks and spending when BP reports results Feb. 10.
5 February 2026
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Exxon Mobil stock jumps after hours as oil spikes; Guyana FPSO deal and analyst calls in focus

Exxon Mobil stock jumps after hours as oil spikes; Guyana FPSO deal and analyst calls in focus

Exxon Mobil shares jumped 2.7% to $147.59 in after-hours trading Wednesday as oil prices surged about 3% on doubts over U.S.-Iran talks. Exxon affiliate ExxonMobil Guyana Ltd bought the FPSO ONE GUYANA vessel from SBM Offshore for $2.32 billion. UBS raised its price target to $171, while BNP Paribas downgraded the stock to underperform. Exxon Vice President Darrin L. Talley sold 5,000 shares on Feb. 2.
5 February 2026
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Chevron stock price hits a fresh 52-week high as oil firms; what CVX investors watch next

Chevron stock price hits a fresh 52-week high as oil firms; what CVX investors watch next

Chevron shares rose 2.3% to $178.04 Tuesday, hitting a 52-week high as oil prices jumped after U.S.-Iran tensions near the Strait of Hormuz. Trading volume topped 18.2 million shares, well above average. A Form 144 filing showed plans to sell 45,800 shares worth about $8 million. Chevron’s Venezuelan crude exports climbed to 220,000 barrels per day in January, up from 99,000 in December.
4 February 2026
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Chevron stock rises even after HSBC downgrade as oil steadies and Venezuela exports jump

Chevron stock rises even after HSBC downgrade as oil steadies and Venezuela exports jump

Chevron shares rose 1.4% to $176.50 by midday Tuesday, rebounding after a 1.6% drop. Oil prices edged higher as U.S.-Iran diplomacy talks resumed and Venezuelan exports surged to 800,000 barrels per day in January. Chevron shipped 220,000 barrels per day to the U.S., more than double the previous month. Investors are watching upcoming U.S.-Iran talks and potential Treasury decisions on Venezuelan oil licenses.
3 February 2026
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Venezuela oil exports jump, but Exxon Mobil and Chevron still won’t bet big

Venezuela oil exports jump, but Exxon Mobil and Chevron still won’t bet big

Venezuela’s oil exports surged to about 800,000 barrels per day in January, up from 498,000 in December after the U.S. eased its blockade. The U.S. reclaimed its position as the top buyer, with Chevron taking 220,000 barrels per day. Citgo Petroleum’s protection from creditors was extended to March 20. Exxon and Chevron warned future investment depends on political and regulatory stability.
3 February 2026
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Chevron stock slips as oil tumbles on Iran talks; HSBC downgrades CVX after rally

Chevron stock slips as oil tumbles on Iran talks; HSBC downgrades CVX after rally

Chevron shares fell 1.6% to $174.03 Monday as crude prices dropped over $3 a barrel, with U.S. crude settling at $62.14. HSBC downgraded Chevron to Hold, citing valuation concerns after a recent rally. The company reported Q4 earnings of $2.8 billion and raised its dividend by 4% to $1.78 per share, payable March 10. Chevron signaled weaker Q1 production due to maintenance at its Tengiz field in Kazakhstan.
3 February 2026
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Stock Market Today

Broadcom Stock Gets a Google AI Spend Lift as Jefferies Sees 60% Upside

Broadcom Stock Gets a Google AI Spend Lift as Jefferies Sees 60% Upside

7 February 2026
Google raised its 2026 capital expenditure forecast to $175 billion–$185 billion, with most spending expected on data-center chips. Broadcom shares rose about 2% after the announcement, while Nvidia and AMD slipped. Jefferies reiterated a buy rating on Broadcom, maintaining a $500 price target, implying a 62% upside from Wednesday’s close.
No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

7 February 2026
The IRS has not announced new federal stimulus payments for February 2026, and Congress has not approved fresh checks. Trump told NBC he is considering $2,000 tariff rebate checks but has not committed, saying any payout would likely come later in 2026. The IRS warns taxpayers to ignore texts and emails about “stimulus payments” and verify notices through official channels.
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